Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Shenzhen SEG Co., Ltd.
2019 3rd Quarter Report
October 2019
1
Body of 2019 3rd Quarter 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 quarter report is
authentic, accurate, and complete, and that it has no false records misleading
statements or major omissions and they are jointly and severally liable.
Chairman of the Board of Directors Zhang Liang, the Chief Financial
Officer Yan Dongxia and the responsible person of the accounting institution
(Accountant in charge) Wang Lei hereby declare that the Financial Statements
enclosed in this quarter report are true, accurate and complete.
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Definitions
Refers
Definition Description
to
This Company, the Company, the listed Refers
Shenzhen SEG Co., Ltd.
company, Shen SEG to
Refers
Shenzhen SEG Group Co., Ltd. Shenzhen SEG Group Co., Ltd.
to
Refers
Suzhou TST Suzhou TST Control Technology Co., Ltd.
to
Refers
Nanjing SEG Shenzhen SEG Nanjing Electronics M arket M anagement Co., Ltd.
to
Refers
Nanning SEG Nanning SEG Digital Plaza M anagement Co., Ltd.
to
Refers
SEG Credit Shenzhen SEG Credit Co., Ltd.
to
Refers
Nantong SEG Nantong SEG Times Plaza M anagement Co., Ltd.
to
Refers
Nantong SEG Operation Nantong SEG Commercial Operation M anagement Co., Ltd.
to
Refers
Hangzhou SEG Longyan Hangzhou SEG Longyan Energy Technology Co., Ltd.
to
Refers Shenzhen-Shantou Special Cooperation Zone SEG Longyan Energy
Shenzhen-Shantou SEG Longyan Technology
to Technology Co., Ltd.
Refers
SEG Real Estate Shenzhen SEG Real Estate Investment Co., Ltd.
to
Refers
SEG Property Development Shenzhen SEG Property Development Co., Ltd.
to
Refers
SEG Recreation Shenzhen SEG Recreation Enterprise Development Co., Ltd.
to
Refers
SegM aker Shenzhen SegM aker Co., Ltd.
to
Refers
SEG Property M anagement Shenzhen SEG Property M anagement Co., Ltd.
to
Refers
SEG New Urban Shenzhen SEG New Urban Construction Development Co., Ltd.
to
SEG Yicheng Refers Shenzhen SEG Yicheng Science and Technology Co., Ltd.
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
to
Refers SEG Real Estate, SEG Property Development, SEG Recreation and
Target companies
to SegM aker that major assets are injected into
Refers
Huakong SEG Shenzhen Huakong SEG Co., Ltd.
to
Refers
SEG Navigations Shenzhen SEG GPS Scientific Navigations Co., Ltd.
to
Refers
Zhaocheng Group Shenzhen Zhaocheng Investment Group Co., Ltd.
to
Unless otherwise specified, the amount referred Refers
Amount in RM B
to in the report to
4
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Chapter 2 Company Profile
I. Main Accounting Data and Financial Indexes
Are retrospective adjustments made to previous financial statements?
□ Yes No
Increase/decrease at the end of
Amount at the end of the
Amount at the end of last year the reporting period over the
reporting period
end of last year
Total assets (Yuan) 6,245,469,176.91 7,128,009,738.20 -12.38%
Net assets attributable to
shareholders of the listed company 1,926,003,299.17 1,867,881,216.44 3.11%
(Yuan)
Year-on-year
Amount from increase/decrease of
Amount of the reporting Year-on-year beginning of the amount from
period increase/decrease year to the end of the beginning of the year
reporting period to the end of the
reporting period
Operating income (Yuan) 348,105,199.21 -38.03% 1,113,596,884.35 -22.92%
Net profit attributable to
shareholders of the listed company 26,970,095.87 -33.24% 110,257,647.89 -20.14%
(Yuan)
Net profit attributable to
shareholders of the listed company
14,803,482.35 -58.32% 44,030,014.96 -50.18%
after deduction of non-recurring
profit and loss (Yuan)
Net cash flow from operating
-- -- 101,017,368.07 14.26%
activities (Yuan)
Basic EPS (yuan/share) 0.0218 -33.33% 0.0892 -20.14%
Diluted EPS (yuan/share) 0.0218 -33.33% 0.0892 -20.14%
Weighted average ROE 1.42% -0.65% 5.81% -1.28%
Total capital stock of the Company as of the trading day prior to disclosure:
Total capital stock of the Company as of the
1,235,656,249
trading day prior to disclosure (share)
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Fully diluted earnings per share calculated based on the current capital stock:
Fully diluted earnings per share calculated based
0.0892
on the current capital stock (Yuan/share)
Items and Amount of Non-recurring Profit and Loss:
Applicable □ Not applicable
Unit: yuan
Amount from beginning of
Item the year to the end of the Remarks
reporting period
Reduce holding-shares of
Huakong SEG and transfer the
Profit or loss on disposal of non-current assets (including the
77,328,300.79 equity of Shenzhen-Shantou SEG
write-off of assets depreciation reserves)
Longyan Technology, resulting in
income.
Tax return, reduction or exemption with unauthorized approval or
without any official approval document
Government subsidies recognized in current profit or loss (except
4,369,752.53
those closely related to corporate business and enjoyed according
to national standards or certain quota)
Fund appropriation charges for non-financial entities recognized
1,283,299.33
in current profit or loss
Gains on less acquisition costs of subsidiaries, associates and
joint ventures than the accrued fair value of the investee's
identifiable net assets
Profit or loss on non-monetary assets exchange
Profit or loss on investment or asset management in proxy 14,130,364.08
Provision for impairment of assets due to force majeure(such as
natural disasters)
Profit or loss on debt restructuring
Corporate restructuring costs, such as staffing expenses and
integration costs
Profit or loss on the part exceeding the fair value in unfair
transactions
Current net profit or loss of subsidiaries incurred by business
combination under common control from the beginning of the
reporting period to the date of merger
Profit or loss on contingencies unrelated to business operation of
the Company
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Profit or loss on changes in fair value due to holding of trading
financial assets, derivative financial assets, trading financial
liabilities and derivative financial liabilities, as well as investment
income from disposal of trading financial assets, derivative
financial assets, trading financial liabilities, derivative financial
liabilities and other debt investments, apart from valid hedging
operations related to business operation of the Company
Transferred-back impairment provision for accounts receivable
and contract assets for which separate impairment tests are carried
out
Profit or loss on consignment loan
Profit or loss on changes in fair value of investment property
subsequently measured by the fair value
Impact of one-time adjustment on the current profit or loss as
required by taxation or accounting laws and regulations
Trustee fee from entrusted operation 113,676.10
Other non-operating income and expenses except the 2,103,245.10
above-mentioned items
Other items conforming to the definition of non-recurring profit
and loss
Less: Amount of affected income tax 24,832,159.48
Effects of minority shareholders' equity (after tax) 8,268,845.51
Total 66,227,632.94 --
An explanation shall be made with regard to the Company's considerations for defining non-recurring profit and loss according to the
Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public - Non-recurring
Profit and Loss and the reason of classifying the non-recurring profit and loss listed in this announcement as recurring.
□ Applicable Not applicable
In the reporting period, no items of non-recurring profit and loss listed in the Explanatory Announcement on Information Disclosure
by Companies Offering Securities to the Public No. 1 — Non-recurring Profit and Loss are defined as items of recurring profit and
loss.
II. Numbe r of Shareholders and Shares Held by Top 10 Shareholde rs at the End of the
Reporting Period
1. Total Number of Common Shareholders and Preferred Shareholders Restored with the Voting Rights
and Shares Held by Top 10 Shareholders
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Unit: Share
Total number of preferred
Total number of common shareholders
89,083 shareholders restored with 0
at the end of the reporting period
the voting rights (if any)
Shares held by top 10 shareholders
Quantity of Information on pledged or frozen
Name of Nature of Shareholding Number of
restricted shares
shareholder shareholder proportion shares held
shares held Share status Quantity
Shenzhen SEG State-owned legal
56.70% 700,628,759 450,857,239 / /
Group Co., Ltd. person (01)
Domestic natural
Liu Guocheng 0.58% 7,155,802 / / /
person (03)
Domestic natural
Liu Guohong 0.27% 3,318,098 / / /
person (03)
Overseas natural
Gong Qianhua 0.24% 2,940,000 / / /
person (05)
China
Securities Domestic
Finance non-state-owned 0.18% 2,271,900 / / /
Corporation legal person (02)
Limited
LI SHERYN Overseas natural
0.16% 1,953,000 / / /
ZHAN M ING person (05)
Zhejiang
Jiuzhang Asset
M anagement
Co., Ltd. - Funds and financial
0.15% 1,849,100 / / /
Jiuzhang products (06)
Huangfang
Haoyue No. 20
Private Equity
Domestic natural
Xu Yueying 0.14% 1,780,000 / / /
person (03)
Overseas natural
Fang Guowei 0.11% 1,389,480 / / /
person (05)
Chongqing
International
Funds and financial
Trust Co., Ltd. 0.10% 1,220,000 / / /
products (06)
- Yuxin
Chuangxin
8
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Youshi No. 12
Assembled
Funds Trust
Unrestricted Tradable Shares Held by Top 10 Shareholders
Type of share
Name of shareholder Quantity of unrestricted shares held
Type of share Quantity
RM B common
Shenzhen SEG Group Co., Ltd. 249,771,520 249,771,520
stocks
Domestically listed
Liu Guocheng 7,155,802 7,155,802
foreign shares
Domestically listed
Liu Guohong 3,318,098 3,318,098
foreign shares
Domestically listed
Gong Qianhua 2,940,000 2,940,000
foreign shares
China Securities Finance Corporation RM B common
2,271,900 2,271,900
Limited stocks
Domestically listed
LI SHERYN ZHAN M ING 1,953,000 1,953,000
foreign shares
Zhejiang Jiuzhang Asset M anagement Co.,
RM B common
Ltd. - Jiuzhang Huangfang Haoyue No. 20 1,849,100 1,849,100
stocks
Private Equity
Domestically listed
Xu Yueying 1,780,000 1,780,000
foreign shares
RM B common
Fang Guowei 1,389,480 1,389,480
stocks
Chongqing International Trust Co., Ltd. -
RM B common
Yuxin Chuangxin Youshi No. 12 1,220,000 1,220,000
stocks
Assembled Funds Trust
Shenzhen SEG Group Co., Ltd has no association with other shareholders, nor it is
Explanations on the association or a concerted action unit as set forth in the Management Methods for Disclosure of
concerted action among the Information on Changes in Shares Held by Shareholders of the Listed Company.
above-mentioned shareholders Whether other shareholders have association with each other or they are concerted
action units is unknown.
Information of top 10 shareholders
participating in securities margin trading (if None
any)
Do top 10 common shareholders of the Company or top 10 common shareholders of non-restricted shares conduct agreed repurchase
transactions in the reporting period?
□ Yes No
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Top 10 common shareholders of the Company or top 10 common shareholders of non-restricted shares did not conduct agreed
repurchase transactions in the reporting period.
2. Number of Preferred Shareholders and Shares Held by Top 10 Preferred Shareholders
□ Applicable Not applicable
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Chapter 3 Important Matters
I. Changes in the Main Financial Data and Financial Indexes in the Reporting Period and the
Reasons
√ Applicable □ Not applicable
1. Items of Consolidated Balance Sheet Statement
Unit: yuan Unit: yuan
Year-on-year
Item Closing balance Opening balance Difference
increase/decrease (%)
M onetary funds 744,965,034.99 1,757,492,816.67 -1,012,527,781.68 -57.61%
Accounts receivable 112,757,804.08 54,426,228.11 58,331,575.97 107.18%
Notes receivable 3,872,700.00 0.00 3,872,700.00 100.00%
Prepayment 6,272,695.31 2,701,718.53 3,570,976.78 132.17%
Other current assets 802,688,238.76 468,083,201.09 334,605,037.67 71.48%
Intangible assets 6,979,704.95 32,471,556.32 -25,491,851.37 -78.51%
Goodwill 11,231,391.49 0.00 11,231,391.49 100.00%
Short-term borrowing 103,500,000.00 520,000,000.00 -416,500,000.00 -80.10%
Taxes payable 160,833,019.89 121,045,597.93 39,787,421.96 32.87%
Other payables 564,743,730.63 1,021,673,905.77 -456,930,175.14 -44.72%
Non-current liabilities due
143,069,415.58 272,569,415.58 -129,500,000.00 -47.51%
within one year
Estimated liabilities 56,077,659.53 90,254,503.10 -34,176,843.57 -37.87%
(1) M onetary Funds: decreased by 57.61% with the amount of RMB 1,012,527,781.68 over the beginning of the period, mainly
because the company paid the final balance of cash consideration for major asset restructuring and returning bank loans in the
reporting period.
(2) Accounts receivable: increased by 107.18% with the amount of RM B 58,331,575.97 over the beginning of the period, mainly
because in the reporting period ① SEG Property M anagement Company, a subsidiary of SEG Real Estate, increased the property
management area and thus increased the accrual property management fee; ② Suzhou TST is a newly incorporated company, which
increased the company's accounts receivable ; ③ SEG Longyan Technology accounts receivable increased as sales increased.
(3) Notes receivable : increased by 100% with the amount of RM B 3,872,700.00 over the beginning of the period, mainly because
Suzhou TST is a newly incorporated company, which increased the company's accounts receivable by RM B 3,872,700.00.
(4) Prepayment: increased by 132.17% with the amount of RM B 3,570,976.78 over the beginning of the period, mainly because
Nanjing SEG paid the property rent and the property development company Yitian M anagement Office prepaid the elevator renewal
purchase in the reporting period.
(5) Other current assets: increased by 71.48% with the amount of RM B 334,605,037.67 over the beginning of the period, mainly
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
because the company purchased more bank financial products in the reporting period.
(6) Intangible assets: decreased by 78.51% with the amount of RM B 25,491,851.37 over the beginning of the period, mainly because
the company transferred the equity of Shenzhen-Shantou SEG Longyan Technology which resulted in reduction of land use rights in
the reporting period.
(7) Goodwill: increased by 100% with the amount of RM B 11,231,391.49 over the beginning of the period, mainly because the
company invested and acquired Suzhou TST in the reporting period.
(8) Short-term borrowing: decreased by 80.10% with the amount of RM B 416,500,000.00 over the beginning of the period, mainly
because the company repaid bank current loan in the reporting period.
(9) Tax payable: increased by 32.87% with the amount of RM B 39,787,421.96 over the beginning of the period, mainly because SEG
Real Estate accrued land value-added tax, house sales value-added tax and income tax in the reporting period.
(10) Other accounts payable: decreased by 44.97% with the amount of RM B 459,426,421.64 over the beginning of the period, mainly
because the company paid the final balance of cash consideration for major asset restructuring.
(11) Non-current liability due within one year: decreased by 47.51% with the amount of RM B 129,500,000.00 over the beginning of
the period, mainly because SEG Real Estate repaid bank loan due in the reporting period.
(12) Estimated liabilities: decreased by 37.87% with the amount of RM B 34,176,843.57 over the beginning of the period, mainly
because SEG New Urban paid liquidated damages in the reporting period.
2. Items of Consolidated Profit Statement
Unit: yuan
Amount incurred Amount of the Year-on-year
Item in the current same period of last Difference increase/decrease
period year (%)
Interest income 0.00 6,480,864.92 -6,480,864.92 -100.00%
Financial expenses 85,467,639.68 52,818,041.75 32,649,597.93 61.82%
Loss from asset impairment 7,565.00 3,362,022.85 -3,354,457.85 -99.77%
Non-operating expenses 1,258,085.11 14,951,136.75 -13,693,051.64 -91.59%
(1) Interest income: decreased by 100.00% with the amount of RM B 6,480,864.92 over the same period of last year, mainly because
the equity transfer of SEG Credit was completed in last April and no loan business of SEG Credit occurred in the reporting period.
(2) Financial expense: increased by 61.82% with the amount of RM B 32,649,597.93 over the same period of last year, mainly
because the company's external financing scale expanded.
(3) Assets impairment loss: decreased with the amount of RM B 3,354,457.85 over the same period of last year, Decreased by
99.77%,mainly because in the same period of last year SEG Credit accrued loan loss impairment while there is no such business in
the reporting period.
(4) Non-business expenditure: decreased by 91.59% with the amount of RMB 13,693,051.64 over the same period of last year,
mainly because in the same period of last year ① SEG Real Estate paid the contract termination fee (No. 2017 Yue 0307 M . C. 6835);
② Nanning SEG paid litigation indemnity, while no such business expenses occurred in the reporting period.
3. Items of Consolidated Cash Flow Statement
Year-on-year
Amount incurred in Amount of the same
Item Difference increase/decrease
the current period period of last year
(%)
Cash received from interest and
0.00 6,311,198.08 -6,311,198.08 -100.00%
commissions
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Other cash received related to
141, 023,349.87 253, 127,937.32 -112,104,587.45 -44.29%
operating activities
Cash paid for purchasing goods and
376,476,832.61 565,344,689.47 -188,867,856.86 -33.41%
receiving services
Net increase in loans to customers and
0.00 -15,664,988.00 15,664,988.00 -100.00%
prepayment
Taxes paid 139,323,829.77 264,954,200.49 -125,630,370.72 -47.42%
Cash received by absorbing
0.00 980,000.00 -980,000.00 -100.00%
investment
Borrowings received 513,500,000.00 979,000,000.00 -465,500,000.00 -47.55%
Other cash paid related to financing
110, 000,023.31 169, 669,157.90 -59,669, 134.59 -35.17%
activities
(1) Cash charge for interest, service charges and commissions: decreased by 100.00% with the amount of RM B 6,311,198.08 over the
same period of last year, mainly because no loan business of SEG Credit occurred in the reporting period.
(2) Other cash received related to operating activities: decreased by 44.29% with the amount of RM B 112,104,587.45 over the s ame
period of last year, mainly because the company received less current payment in the reporting period.
(3)Cash paid for purchasing goods and receiving services decreased by 33.41% with the amount of RM B 188,867,856.86 over the
same period of last year, mainly because the company's sales situation was not as good as the same period of last year, and the
corresponding payment reduced.
(4) Net increase in customer loans and advances: decreased by 100.00% with the amount of RM B 15,664,988.00 over the same
period of last year, mainly because no loan business of SEG Credit occurred in the reporting period.
(5) Tax payments: decreased by 47.42% with the amount of RM B 125,630,370.72 over the same period of last year, mainly because
the corporate income tax and land value-added tax paid by the company and its holding subsidiaries decreased compared with the
same period of last year.
(6) Cash receipts from investments: decreased by 100.00% with the amount of RM B 980,000.00 over the same period of last year,
mainly because SEG Yicheng received investments from minority shareholders in the same period of last year.
(7) Borrowings received: decreased by 47.55% with the amount of RMB 465,500,000.00 over the same period of last year, mainly
because the company received less bank loans.
(8) Other cash paid related to financing activities: decreased by 35.17% with the amount of RM B 59,669,134.59 over the same p eriod
of last year, mainly because the amount of last year contained investments received by Longyan Technology from minority
shareholders.
II. Analysis of Development, Impacts and Solutions of Major Events
√ Applicable □ Not applicable
There are no other major events except for those in the table below.
Query index of the provisional
Overview of major events Disclosure date
announcement disclosure website
http://www.cninfo.com.cn
Implementation of interest distribution
July 4, 2019 Announcement of Dividend Distribution
(2018)
for 2018
The plan of reducing holding-shares of July 24, 2019 http://www.cninfo.com.cn
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Huakong SEG ended Announcement of the Implementation of
Reduction of Holding-shares of
Shenzhen Huakong SEG Co., Ltd.
SEG New Urban received The Notice on
Sealing up, Distraining, and Freezing
Property served by the People's Court of
Longgang District, Shenzhen City, http://www.cninfo.com.cn/
Guangdong Province. The house July 27, 2019 Risk Warning on House Property Sealing
property on the second to fifth floors of up of the Holding Sub-subsidiary
Building A of SEG New Urban Plaza
under the name of SEG New Urban was
sealed up
http://www.cninfo.com.cn
Zhu Longqing, Vice General M anager of
July 31, 2019 Announcement on the Resignation of
the company, resigned due to job change
Vice General Manager Zhu Longqing
http://www.cninfo.com.cn
Announcement on Receipt of the Civil
August 8, 2019 Ruling and the Notice on Assistance in
SEG New Urban received the Civil Enforcement by the Holding
Ruling and the Notice on Assistance in Sub-subsidiary
Enforcement served by the Shenzhen http://www.cninfo.com.cn
Intermediate People’s Court. Announcement on Receipt of the Civil
August 24, 2019 Ruling and the Notice on Assistance in
Enforcement by the Holding
Sub-subsidiary
http://www.cninfo.com.cn
SEG New Urban plans to sign the Announcement on Proposed Agreement
Agreement with Huang Zhihui and other August 17, 2019 between the Holding Sub-subsidiary
assignees of obligatory rights SEG New Urban and Related Assignees
of Obligatory rights
SEG New Urban received the Notice of
Trial from the Shenzhen International
Court of Arbitration. The applicant http://www.cninfo.com.cn
CITIC Bank filed an arbitration Announcement on Receipt of Notice of
August 27, 2019
application about the financial loan Arbitration Trial by the Holding
contract disputes between it and the Sub-subsidiary
respondents such as Zhaocheng Group
and SEG New Urban.
http://www.cninfo.com.cn
Announcement on Corporate Stock August 22, 2019
Announcement on Stock Swing
Swing
August 27, 2019 http://www.cninfo.com.cn
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Announcement on Stock Swing
http://www.cninfo.com.cn
August 30, 2019
Announcement on Stock Swing
http://www.cninfo.com.cn
Temporary Trusteeship Management
August 5, 2019 Report (V) for Public Offering of
Corporate Bonds to Qualified Investors
(1st Issue) in 2018
http://www.cninfo.com.cn
Temporary Trusteeship Management
Public offering of corporate bonds August 20, 2019 Report (VI) for Public Offering of
Corporate Bonds to Qualified Investors
(1st Issue) in 2018
http://www.cninfo.com.cn
Temporary Trusteeship Management
August 26, 2019 Report (VII) for Public Offering of
Corporate Bonds to Qualified Investors
(1st Issue) in 2018
http://www.cninfo.com.cn/
Announcement on the Coupon Rate
August 27, 2019 Adjustment and Put-back
Implementation Measures for Corporate
Bond No. 18 SEG 02
http://www.cninfo.com.cn/
First Suggestive Announcement on the
Coupon Rate Adjustment and Put-back
Implementation Measures for Corporate
Bond No. 18 SEG 02, Second Suggestive
Announcement on the Coupon Rate
M atters on corporate bond No. 18 SEG
from August 28, 2019 to June 30, 2019 Adjustment and Put-back
02
Implementation Measures for Corporate
Bond No. 18 SEG 02, Third Suggestive
Announcement on the Coupon Rate
Adjustment and Put-back
Implementation Measures for Corporate
Bond No. 18 SEG 02
http://www.cninfo.com.cn/
Announcement on the Declaration of
September 05, 2019
Put-backs for Corporate Bond No. 18
SEG 02
September 23, 2019 http://www.cninfo.com.cn/
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Announcement on 2019 Payment of
Interest for Corporate Bond No. 18 SEG
02
http://www.cninfo.com.cn/
Announcement on the Implementation of
September 24, 2019
Put-backs for Corporate Bond No. 18
SEG 02
http://www.cninfo.com.cn
Announcement on the Progress of
The transfer of 100% of the equity of
Transfer of 100% of the Equity of
Shenzhen-Shantou SEG Longyan September 16, 2019
Shenzhen-Shantou Cooperation Zone
completed.
SEG Longyan Energy Technology Co.,
Ltd. Held by the Holding Subsidiary
M atters on the reduction of corporate http://www.cninfo.com.cn
holding-shares by the controlling Pre-disclosure Announcement on the
September 19, 2019
shareholder Shenzhen SEG Group Co., Reduction of Corporate Holding-shares
Ltd. by the Controlling Shareholder
http://www.cninfo.com.cn
Announcement on Resolutions of the
September 25, 2019
58th Extraordinary Meeting of the 7th
Board of Directors
http://www.cninfo.com.cn/
Announcement on the Election of the
September 27, 2019
Staff Representative Supervisor of the
8th Board of Supervisors
http://www.cninfo.com.cn/
The changes of the Board of Directors
Announcement on the Resolution of the
and the Board of Supervisors
6th Extraordinary General Meeting in
2019
http://www.cninfo.com.cn/
October 11, 2019 Announcement on the Resolution of the
1st Meeting of the 8th Board of Directors
http://www.cninfo.com.cn/
Announcement on the Resolution of the
1st Meeting of the 8th Board of
Supervisors
By the end of the reporting period,
Nantong SEG Operating Company have http://www.cninfo.com.cn
been involved in 13 housing lease August 27, 2018 Semi-Annual Report 2019 of Shenzhen
contract dispute cases and the case SEG Co., Ltd.
amount related is RM B 5,840,000.
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Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Nantong SEG Operating Company have
won all the cases, which have been
concluded and are in execution.
By the end of the reporting period,
Nantong SEG has been involved in 16
house decoration contract dispute cases
and the case amount related is RM B
34,506,300. Among these cases, 13 have http://www.cninfo.com.cn
been concluded and are in execution. August 27, 2018 Semi-Annual Report 2019 of Shenzhen
Among the remaining 3 cases, one is in SEG Co., Ltd.
the procedure of retrial, another is in the
procedure of first instance, and the last
one is in the procedure of second
instance.
For the dispute case over the lease
contract of SEG New Urban vs.
Belugaplan Culture Development
(Dalian) Co., Ltd., the People's Court of
Longgang District, Shenzhen made the
first instance judgment, that is,
Belugaplan Culture Development
(Dalian) Co., Ltd. shall pay the
liquidated damages of RM B 405,000 to
SEG New Urban, as well as the overdue http://www.cninfo.com.cn
fine for management expenses and August 27, 2018 Semi-Annual Report 2019 of Shenzhen
utilities of RM B 8,147.04 in total, while SEG Co., Ltd.
SEG New Urban does not need to refund
the rental deposit of RM B 255,000. By
the end of the reporting p eriod,
Belugaplan has paid part of the
liquidated damages RM B 115,687.04,
and the remaining RM B 305,000 has not
been paid. SEG New Urban have applied
to the court for enforcement and it is
currently in execution.
In September 2019, due to engineering
construction contract disputes, SEG New
Urban filed a lawsuit in the People's
Court of Longgang District, Shenzhen,
/ /
requesting China Huashi Enterprises
Co., Ltd. to compensate for liquidated
damages and losses of RM B 57,069,600
in total.
17
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Progress of share repurchase
□ Applicable √ Not applicable
Progress of reduction of holding-shares through centralized bidding
□ Applicable √ Not applicable
18
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
III. Commitments not fulfilled as of the end of the reporting period by the Company, actual controller, shareholders, affilia tes,
purchasers, or other related parties
√ Applicable □ Not applicable
Commitment Commitment
Commitments Subject Type Content Performance
date term
Commitment for Not
share reform applicable
Commitments in the
Acquisition Report Not
and the Report of applicable
Changes on Equity
"After updating and restructuring of SEG Industrial Building, SEG Extended performance
Economy Building, and SEG Recreation Industry Building, the area of (The Company has
added part that belongs to SegM aker, SEG Recreation and SEG applied for extension
Property is 2,855.20 m2. SEG Group undertakes that the use of the of the license for the
temporary buildings belonged to SegM aker, SEG Recreation and SEG said property and
Property will be renewed after expiration of the two-year use duration. submitted application
Commitments made In case when, due to failure in renewal of use of temporary buildings, materials to the
Shenzhen
at the time of Other the listed company has any loss or the income during the period from August 03, relevant competent
SEG Group Long-term
restructuring of commitment expiration of the performance commitment period to expiration of the 2016 authority for approval.
Co., Ltd.
assets evaluated income expected period is lower than the expected SEG Group is
compensation, or the listed company has any loss because the assisting with such
temporary buildings are required to be dismantled by governmental extension application.
organs during the period from expiration of the performance The renewal
commitment period to expiration of the evaluated income expected application is still
period, SEG Group will compensate the listed company timely and in under approval and the
full amount according to the following compensation methods: license for renewal is
19
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
1. SEG Group has made commitments for the performance of the not obtained yet.)
subject company within three years after completion of major assets
restructuring. Influence of the updating and restructuring project has
been taken into account in the commitments. 2. The amount of
compensation for the income that is lower than the expected income
during the period from expiration of the performance commitment
period to expiration of the evaluated 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 engage an
audit firm 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 compensation
scope of the report period. Shenzhen SEG should calculate the payable
compensation amount within 15 business days upon final specific
review opinions provided by the audit firm, and send a written notice to
20
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
SEG Group. Within 30 business 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 Not
public offerings or applicable
refinancing
Commitment on Not
equity incentives applicable
Other commitments
made to the medium
Not
and small
applicable
shareholders of the
Company
Whether
commitments were No
fulfilled on time
For commitments The new property in the reconstruction project of SEG Industrial Building and other two buildings is a temporary building. According to the provisions of the
unfulfilled in the (Provisional) Measures for the Management of Temporary Buildings of Futian District, Shenzhen, the service duration of this temporary building is from April 21, 2016
commitment period, to April 20, 2018 can be extended for another year according to the provisions of the Urban and Rural Planning Regulations of Guangdong Province (As of April 20,
specify the reasons 2019). Apart from this, no provisions on temporary buildings of Shenzhen and Futian District permit any extension or term of extension. After expiration of the service
for non-fulfillment duration (April 20, 2018), the Company has applied for extension and submitted application materials to the relevant competent authority for approval. The extension
and further plans license is not obtained yet. This matter has never subjected the listed company to losses or caused SEG Group to be liable for compensation.
21
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Forecasts of Operating Results for 2019
Warning and reasons for forecasts on loss of the cumulative net profit from the beginning of the year to the end of the next reporting
period or significant changes in net profit over the same period last year
□ Applicable Not applicable
IV. Security investment
Applicable □ Not applicable
Unit: Yuan
Cumu
Chan lative Amou
Amou Profit
Acco ge in chang nt of
Short nt of or
Initial unting Openi fair e in purch Closi
form sales loss Acco Sourc
Stock Stock invest measu ng value fair ase in ng
of the in the in the unting e of
type code ment remen book of the value the book
securit curren report item funds
cost t value curren recog curren value
y t ing
mode t nized t
period period
period in the period
equity
Dome Other
M eas
stic equity
Youha ured Self-o
and 60077 90,40 274,2 24,27 298,5 instru
o by 0.00 0.00 0.00 wned
foreig 8 5.00 87.16 3.20 60.36 ment
Group fair funds
n invest
value
stocks ment
Dome
M eas Long-
stic
Huako 172,5 ured 139,1 -8,293 -12,32 135,1 term Self-o
and 00006 262.1
ng 98,86 by 30,45 0.00 ,874.3 3,767. 00,81 equity wned
foreig 8 1
SEG 8.24 fair 1.09 5 99 9.56 invest funds
n
value ment
stocks
Dome M eas Other
stic ureme equity
SEG 8,275, 13,51 13,51 Self-o
and 83277 nt by instru
Navig 321.4 5,392. 0.00 0.00 0.00 5,392. wned
foreig 0 cost ment
ations 3 83 83 funds
n metho invest
stocks d ment
Other securities
investment held at the -- -- --
end of period
Total 180,9 -- 152,9 0.00 24,53 0.00 -8,293 -12,32 148,9 -- --
22
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
64,59 20,13 5.31 ,874.3 3,767. 14,77
4.67 1.08 5 99 2.75
V. Entrusted Financing
Applicable □ Not applicable
Unit: RM B 10,000
Source of fund under Amount of entrusted Overdue amount
Type Balance not yet due
entrusted financing financing unrecovered
Bank financial
Self-owned funds 183,018.10 73,391.10 0
products
Total 183,018.10 73,391.10 0
Information on risky entrusted financing with a significant amount or featuring low security, poor liquidity, and no capital guarantee
Applicable Not applicable
Entrusted financial management is not expected to recover the principal or other circumstances that may result in impairment
□ Applicable Not applicable
VI. Investment of Derived Products
□ Applicable Not applicable
No investment in derivatives is involved in the reporting period.
VII. Registration Form for Investigations, Communication and Interviews in the Reporting
Period
Applicable □ Not applicable
Time M eans Type Basic information on investigation
Query the recent business performance
September 03, 2019 Phone call Individual
of the company.
Query the recent business performance
September 19, 2019 Phone call Individual
of the company.
VIII. Illegal External Guarantee
□ Applicable Not applicable
The Company has no illegal external guarantee in the reporting period.
23
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
IX. Non-operating Capital Occupation on the Listed Company by the Cont rolling
Shareholder and Related Parties
□ Applicable Not applicable
No non-operating capital occupation on the listed company by the controlling shareholder and related parties is involved in the
reporting period.
24
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet Statement
Prepared by: Shenzhen SEG Co., Ltd.
Unit: Yuan
Item September 30, 2019 December 31, 2018
Current assets:
M onetary funds 744,965,034.99 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 3,872,700.00
Accounts receivable 112,757,804.08 54,426,228.11
Receivable financing
Prepayment 6,272,695.31 2,701,718.53
Premiums receivable
Reinsurance accounts receivable
Reinsurance deposit receivable
Other receivables 100,074,948.32 115,570,683.93
Including: Interest receivable 1,597,323.05 1,063,684.93
Dividends receivable 2,000,000.00 2,000,000.00
Redemptory monetary capital
for resale
Inventory 2,504,954,655.28 2,670,294,017.74
Contract assets
Held-for-sale assets
Non-current assets due within
one year
25
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Other current assets 802,688,238.76 468,083,201.09
Total current assets 4,275,586,076.74 5,068,568,666.07
Non-current assets:
Loans and advances issued
Debt investment
Financial assets available for
sale
Other debt investment
Held-to-maturity investment
Long-term receivables 19,000,000.00 19,000,000.00
Long-term equity investment 186,238,263.85 172,684,147.74
Other equity instrument
34,093,953.19 34,069,679.99
investment
Other non-current financial
assets
Investment properties 1,355,864,706.94 1,412,916,851.46
Fixed assets 71,329,563.69 59,351,351.90
Construction in progress 116,405,152.28 151,214,015.76
Productive biological assets
Oil & gas assets
Right-of-use assets
Intangible assets 6,979,704.95 32,471,556.32
Development expenses
Goodwill 11,231,391.49
Long-term expenses to be
65,280,831.69 73,769,436.90
amortized
Deferred income tax assets 56,575,030.78 56,931,280.75
Other non-current assets 46,884,501.32 47,032,751.31
Total non-current assets 1,969,883,100.17 2,059,441,072.13
Total assets 6,245,469,176.91 7,128,009,738.20
Current liabilities:
Short-term borrowing 103,500,000.00 520,000,000.00
Loans from central bank
Loans from other banks
Trading financial liabilities
26
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Financial liabilities measured by
fair value with changes included in
current gains and losses
Derivative financial liabilities
Notes payable
Accounts payable 280,099,827.39 293,130,435.56
Advance receipt 599,993,914.77 692,811,462.75
Contract liabilities
Financial assets sold for
repurchase
Deposits from customers and
interbank
Acting trading securities
Acting underwriting securities
Payroll payable 31,185,275.62 44,065,725.59
Taxes payable 160,833,019.89 121,045,597.93
Other payables 564,743,730.63 1,021,673,905.77
Including: Interest payable 1,392,172.11 4,943,712.80
Dividends payable 4,614,796.97 4,196,371.01
Service charges and
commissions payable
Reinsurance accounts payable
Held-for-sale liabilities
Non-current liabilities due
143,069,415.58 272,569,415.58
within one year
Other current liabilities
Total current liabilities 1,883,425,183.88 2,965,296,543.18
Non-current liabilities:
Insurance deposit
Long-term borrowing 903,500,000.00 748,250,000.00
Bonds payable 772,147,044.47 787,752,107.90
Including: Preferred stock
Perpetual capital
securities
Lease liabilities
Long-term payables
27
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Long-term payroll payable
Estimated liabilities 56,077,659.53 90,254,503.10
Deferred income 5,991,529.60 6,732,529.57
Deferred income tax liabilities 79,880,418.57 79,875,150.30
Other non-current liabilities 134,417.76 0.00
Total non-current liabilities 1,817,731,069.93 1,712,864,290.87
Total liabilities 3,701,156,253.81 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 148,038,034.55 156,892,820.25
Less: Treasury shares
Other comprehensive income 104,148.59 91,765.66
Special reserve
Surplus reserve 152,762,534.98 152,762,534.98
General risk provision
Undistributed profits 389,442,332.05 322,477,846.55
Total owners' equity attributable to
1,926,003,299.17 1,867,881,216.44
the parent company
M inority shareholders' equity 618,309,623.93 581,967,687.71
Total owners' equity 2,544,312,923.10 2,449,848,904.15
Total liabilities and owners' equity 6,245,469,176.91 7,128,009,738.20
Chairman of the Board of Directors: Zhang Liang Chief Financial Officer: Yan Dongxia The responsible person of the accounting
institution: Wang Lei
28
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
2. Balance Sheet Statement of the Parent Company
Unit: Yuan
Item September 30, 2019 December 31, 2018
Current assets:
M onetary funds 219,424,284.80 971,108,422.35
Trading financial assets
Financial assets measured by fair
value with changes included in
current gains and losses
Derivative financial assets
Notes receivable
Accounts receivable 163,360.00 217,360.00
Receivable financing
Prepayment 181,291.82
Other receivables 914,421,196.35 1,098,488,672.67
Including: Interest receivable
Dividends receivable 28,730,000.00 2,000,000.00
Inventory
Contract assets
Held-for-sale assets
Non-current assets due within
one year
Other current assets 101,737,225.02 4,172,729.68
Total current assets 1,235,927,357.99 2,073,987,184.70
Non-current assets:
Debt investment
Financial assets available for
sale
Other debt investment
Held-to-maturity investment
Long-term receivables 9,000,000.00 9,000,000.00
Long-term equity investment 1,387,682,637.01 1,326,039,288.79
Other equity instrument
33,515,392.83 33,515,392.83
investment
Other non-current financial
29
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
assets
Investment properties 244,953,194.49 252,842,527.62
Fixed assets 18,022,003.16 17,786,925.84
Construction in progress
Productive biological assets
Oil & gas assets
Right-of-use assets
Intangible assets 1,368,226.88 1,671,913.78
Development expenses
Goodwill
Long-term expenses to be
7,396,045.54 9,404,881.96
amortized
Deferred income tax assets 1,317,682.44 1,673,932.41
Other non-current assets 39,560.00
Total non-current assets 1,703,255,182.35 1,651,974,423.23
Total assets 2,939,182,540.34 3,725,961,607.93
Current liabilities:
Short-term borrowing 100,000,000.00 520,000,000.00
Trading financial liabilities
Financial liabilities measured by
fair value with changes included in
current gains and losses
Derivative financial liabilities
Notes payable
Accounts payable 206,374.11 206,374.11
Advance receipt 19,449,689.07 22,491,215.88
Contract liabilities
Payroll payable 3,305,015.13 5,143,700.56
Taxes payable 11,910,362.92 4,471,684.00
Other payables 70,754,326.48 439,491,749.59
Including: Interest payable 1,578,179.07
Dividends payable
Held-for-sale liabilities
Non-current liabilities due
within one year
30
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Other current liabilities
Total current liabilities 205,625,767.71 991,804,724.14
Non-current liabilities:
Long-term borrowing
Bonds payable 772,147,044.47 787,752,107.90
Including: Preferred stock
Perpetual capital
securities
Lease liabilities
Long-term payables
Long-term payroll payable
Estimated liabilities
Deferred income 5,167,529.60 6,592,529.57
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 777,314,574.07 794,344,637.47
Total liabilities 982,940,341.78 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 222,561,161.66 231,415,947.36
Less: Treasury shares
Other comprehensive income 206.21 -55.90
Special reserve
Surplus reserve 152,762,534.98 152,762,534.98
Undistributed profits 345,262,046.71 319,977,570.88
Total owners' equity 1,956,242,198.56 1,939,812,246.32
Total liabilities and owners' equity 2,939,182,540.34 3,725,961,607.93
31
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
3. Consolidated Profit Statement in Current Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Total operating income 348,105,199.21 561,704,545.25
Including: Operating income 348,105,199.21 561,704,545.25
Interest income 0.00
Earned premiums 0.00
Service charges and
0.00
commissions income
II. Total operating cost 299,828,896.42 461,817,703.47
Including: Operating cost 233,255,315.85 385,280,407.90
Interest expenses
Service charges and
commissions expenses
Surrender value
Net compensation
pay-outs
Net insurance deposit
accrued
Insurance dividends
Reinsurance expenses
Operating tax and
7,957,446.65 18,760,506.17
surcharges
Sale expenses 6,352,532.01 9,863,748.78
M anagement expenses 25,084,118.00 30,304,372.95
R&D expenses 2,054,425.95 0.00
Financial expenses 25,125,057.96 17,608,667.67
Including: Interest
26,678,378.39 56,338,849.11
expenses
Interest income -924,984.27 -4,428,143.40
Add: Other income 2,209,604.72
Income from investment
18,067,431.48 693,535.91
(enter "-" for loss)
Including: Income from
investment in associates and joint -1,864,367.52 -4,808,467.81
ventures
32
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
Income from
derecognition of financial assets at
amortized cost
Income from exchange (enter
"-" for loss)
Income from net exposure
hedge (enter "-" for loss)
Income from changes in fair
value (enter "-" for loss)
Credit impairment loss (enter
"-" for loss)
Asset impairment loss (enter
-2,400.00
"-" for loss)
Income from asset disposal
(enter "-" for loss)
III. Operating profit (enter "-" for loss) 68,550,938.99 100,580,377.69
Add: Non-operating income 1,560,343.79 2,428,758.29
Less: Non-operating expenses -109,565.49 1,797,197.37
IV Total profit (enter "-" for total loss) 70,220,848.27 101,211,938.61
Less: Income tax 23,143,005.22 32,529,740.36
V Net profit (enter "-" for net loss) 47,077,843.05 68,682,198.25
(I) Classification by going concern
1. Net profit from continuing
47,077,843.05 205,277,474.20
operations (enter "-" for net loss)
2. Net profit from discontinuing
-6,057,464.41
operations (enter "-" for net loss)
(II) Classification by ownership
1. Net profit attributable to owners
26,970,095.87 40,399,673.95
of the parent company
2. Profit and loss of minority
20,107,747.18 28,282,524.30
shareholders
VI. Net of tax of other comprehensive
-18,431.74 -1,702.10
income
Total owners' net of tax of other
comprehensive income attributable to -12,195.56 -20,106.43
the parent company
1. Other comprehensive income
not to be reclassified into profit and
33
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
loss
(1) Changes in net
liabilities or net assets of the
re-measured defined benefit plan
(2) Shares of the investee
of other comprehensive income not to
be reclassified into profit and loss
under the equity method
3. Changes in fair value of
other equity instrument investment
4. Changes in fair value of
corporate credit risks
(5) Others
2. Other comprehensive income to
-12,195.56 -20,106.43
be reclassified into profit and loss
(1) Other comprehensive
income to be reclassified into profit -33.83 25.45
and loss under the equity method
(2) Changes in fair value
of other debt investment
(3) Profit and loss from
changes in fair value of the -12,161.73 -20,131.88
available-for-sale financial assets
(4) Amount of financial
assets reclassified into other
comprehensive income
(5) Profit or loss from
reclassification of held-to-maturity
investments into available-for-sale
financial assets
(6) Provision for credit
impairment of other debt investment
(7) Cash flow hedge
reserve
(8) Foreign currency
translation differences
(9) Others
Net of tax of other comprehensive
-6,236.18 18,404.33
income attributable to minority
34
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
shareholders
VII. Total comprehensive income 47,059,411.31 68,680,496.15
Total comprehensive income
attributable to shareholders of the 26,957,900.31 40,379,567.52
parent company
Total comprehensive income
20,101,511.00 28,300,928.63
attributable to minority shareholders
VIII. Earnings per share
1. Basic earnings per share 0.0218 0.0327
2. Diluted earnings per share 0.0218 0.0327
In case of a business combination under common control in the current period, the net profit of the combined party before
combination is RM B , and the net profit of the combined party in the previous period is RM B .
Chairman of the Board of Directors: Zhang Liang Chief Financial Officer: Yan Dongxia The responsible person of the accounting
institution: Wang Lei
35
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
4. Profit Statement in Current Reporting Period of the Parent Company
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Operating income 17,149,195.34 17,036,869.30
Less: Operating cost 12,291,048.45 12,635,598.64
Operating tax and
1,045,869.42 1,077,632.77
surcharges
Sale expenses 371,367.28 216,482.56
M anagement expenses 5,577,940.83 5,658,227.51
R&D expenses 3,571.00 0.00
Financial expenses 9,093,259.65 6,502,132.55
Including: Interest
12,651,231.92 23,002,334.12
expenses
Interest income -3,573,688.69 -8,312,097.89
Add: Other income 474,999.99
Income from investment
3,962,805.46 95,833,070.48
(enter "-" for loss)
Including: Income from
investment in associates and joint -4,177,765.06 -4,808,467.81
ventures
Income from
derecognition of financial assets at
amortized cost
Income from net exposure
hedge (enter "-" for loss)
Income from changes in
fair value (enter "-" for loss)
Credit impairment loss
(enter "-" for loss)
Asset impairment loss
(enter "-" for loss)
Income from asset disposal
(enter "-" for loss)
II. Operating profit (enter "-" for loss) -6,785,342.84 86,779,865.75
Add: Non-operating income 11,000.00 1,570,422.99
Less: Non-operating expenses 1,700,000.00
36
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
III. Total profit (enter "-" for total
-6,774,342.84 86,650,288.74
loss)
Less: Income tax 3,878,570.22 -1,546,771.59
IV Net profit (enter "-" for net loss) -10,652,913.06 88,197,060.33
(I) Net profit from continuing
-10,652,913.06 88,197,060.33
operations (enter "-" for net loss)
(II) Net profit from
discontinuing operations (enter "-" for
net loss)
V Net of tax of other comprehensive
228.28 118.39
income
1. Other comprehensive income
not to be reclassified into profit and
loss
(1) Changes in net
liabilities or net assets of the
re-measured defined benefit plan
(2) Shares of the investee
of other comprehensive income not to
be reclassified into profit and loss
under the equity method
3. Changes in fair value
of other equity instrument investment
4. Changes in fair value
of corporate credit risks
(5) Others
2. Other comprehensive income
228.28 118.39
to be reclassified into profit and loss
(1) Other comprehensive
income to be reclassified into profit 228.28 118.39
and loss under the equity method
(2) Changes in fair value
of other debt investment
(3) Profit and loss from
changes in fair value of the
available-for-sale financial assets
(4) Amount of financial
assets reclassified into other
comprehensive income
37
Body of 2019 3rd Quarter Report of Shenzhen SEG Co., Ltd.
(5) Profit or loss from
reclassification of held-to-maturity
investments into available-for-sale
financial assets
(6) Provision for credit
impairment of other debt investment
(7) Cash flow hedge
reserve
(8) Foreign currency
translation differences
(9) Others
VI. Total comprehensive income -10,652,684.78 88,197,178.72
VII. Earnings per share
1. Basic earnings per share
2. Diluted earnings per share
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5. Consolidated Profit Statement from Beginning of the Year to the End of the Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Total operating income 1,113,596,884.35 1,451,123,498.84
Including: Operating income 1,113,596,884.35 1,444,642,633.92
Interest income 6,480,864.92
Earned premiums
Service charges and
commissions income
II. Total operating cost 971,217,497.63 1,204,911,926.47
Including: Operating cost 734,338,928.62 994,429,779.15
Interest expenses
Service charges and
commissions expenses
Surrender value
Net compensation
pay-outs
Net insurance deposit
accrued
Insurance dividends
Reinsurance expenses
Operating tax and
49,262,755.54 42,196,977.10
surcharges
Sale expenses 16,989,051.91 23,051,951.82
M anagement expenses 83,104,695.93 92,415,176.65
R&D expenses 2,054,425.95 0.00
Financial expenses 85,467,639.68 52,818,041.75
Including: Interest
92,694,291.94 56,338,849.11
expenses
Interest income -7,226,652.26 -4,428,143.40
Add: Other income 5,720,879.15 0.00
Income from investment
76,745,625.33 59,390,854.81
(enter "-" for loss)
Including: Income from
investment in associates and joint -12,813,039.54 -16,716,197.00
ventures
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Income from
derecognition of financial assets at
amortized cost
Income from exchange (enter
"-" for loss)
Income from net exposure
hedge (enter "-" for loss)
Income from changes in fair
value (enter "-" for loss)
Credit impairment loss (enter
"-" for loss)
Asset impairment loss (enter
-7,565.00 -3,362,022.85
"-" for loss)
Income from asset disposal
(enter "-" for loss)
III. Operating profit (enter "-" for loss) 224,838,326.20 302,240,404.33
Add: Non-operating income 3,151,415.49 4,942,048.24
Less: Non-operating expenses 1,258,085.11 14,951,136.75
IV Total profit (enter "-" for total loss) 226,731,656.58 292,231,315.82
Less: Income tax 76,293,559.52 93,011,306.00
V Net profit (enter "-" for net loss) 150,438,097.06 199,220,009.82
(I) Classification by going concern
1. Net profit from continuing
150,438,097.06 205,277,474.23
operations (enter "-" for net loss)
2. Net profit from discontinuing
-6,057,464.41
operations (enter "-" for net loss)
(II) Classification by ownership
1. Net profit attributable to owners
110,257,647.89 138,066,661.89
of the parent company
2. Profit and loss of minority
40,180,449.17 61,153,347.93
shareholders
VI. Net of tax of other comprehensive
18,467.01 -56,797.37
income
Total owners' net of tax of other
comprehensive income attributable to 12,382.93 -37,828.28
the parent company
1. Other comprehensive income
not to be reclassified into p rofit and
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loss
(1) Changes in net
liabilities or net assets of the
re-measured defined benefit plan
(2) Shares of the investee
of other comprehensive income not to
be reclassified into profit and loss
under the equity method
3. Changes in fair value of
other equity instrument investment
4. Changes in fair value of
corporate credit risks
(5) Others
2. Other comprehensive income to
12,382.93 -37,828.28
be reclassified into profit and loss
(1) Other comprehensive
income to be reclassified into profit 12,382.93
and loss under the equity method
(2) Changes in fair value
of other debt investment
(3) Profit and loss from
changes in fair value of the -37,828.28
available-for-sale financial assets
(4) Amount of financial
assets reclassified into other
comprehensive income
(5) Profit or loss from
reclassification of held-to-maturity
investments into available-for-sale
financial assets
(6) Provision for credit
impairment of other debt investment
(7) Cash flow hedge
reserve
(8) Foreign currency
translation differences
(9) Others
Net of tax of other comprehensive
6,084.08 -18,969.09
income attributable to minority
41
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shareholders
VII. Total comprehensive income 150,456,564.07 199,163,212.45
Total comprehensive income
attributable to shareholders of the 110,270,030.82 138,028,833.61
parent company
Total comprehensive income
40,186,533.25 61,134,378.84
attributable to minority shareholders
VIII. Earnings per share
1. Basic earnings per share 0.0892 0.1117
2. Diluted earnings per share 0.0892 0.1117
In case of a business combination under common control in the current period, the net profit of the combined party before
combination is RM B , and the net profit of the combined party in the previous period is RM B .
Chairman of the Board of Directors: Zhang Liang Chief Financial Officer: Yan Dongxia The responsible person of the accounting
institution: Wang Lei
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6. Profit Statement of the Parent Company from Beginning of the Year to the End of the Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Operating income 56,541,409.60 54,002,637.18
Less: Operating cost 31,899,284.78 33,720,284.08
Operating tax and
3,259,315.11 3,512,934.28
surcharges
Sale expenses 371,367.28 216,482.56
M anagement expenses 18,557,639.12 16,232,297.04
R&D expenses 0.00
Financial expenses 35,096,781.08 14,837,050.62
Including: Interest
45,997,934.71 23,002,334.12
expenses
Interest income -10,961,502.79 -8,312,097.89
Add: Other income 3,037,399.97
Income from investment
112,184,519.20 204,345,458.34
(enter "-" for loss)
Including: Income from
investment in associates and joint -12,883,039.54 -13,741,197.00
ventures
Income from
derecognition of financial assets at
amortized cost
Income from net exposure
hedge (enter "-" for loss)
Income from changes in
fair value (enter "-" for loss)
Credit impairment loss
(enter "-" for loss)
Asset impairment loss
(enter "-" for loss)
Income from asset disposal
(enter "-" for loss)
II. Operating profit (enter "-" for loss) 82,582,512.40 189,829,046.94
Add: Non-operating income 38,167.00 2,772,317.01
Less: Non-operating expenses 41,873.20 8,874,462.04
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III. Total profit (enter "-" for total
82,578,806.20 183,726,901.91
loss)
Less: Income tax 14,001,167.98 13,902,604.49
IV Net profit (enter "-" for net loss) 68,577,638.22 169,824,297.42
(I) Net profit from continuing
68,577,638.22 169,824,297.42
operations (enter "-" for net loss)
(II) Net profit from
discontinuing operations (enter "-" for
net loss)
V Net of tax of other comprehensive
262.11 92.94
income
1. Other comprehensive income
not to be reclassified into profit and
loss
(1) Changes in net
liabilities or net assets of the
re-measured defined benefit plan
(2) Shares of the investee
of other comprehensive income not to
be reclassified into profit and loss
under the equity method
3. Changes in fair value
of other equity instrument investment
4. Changes in fair value
of corporate credit risks
(5) Others
2. Other comprehensive income
262.11 92.94
to be reclassified into profit and loss
(1) Other comprehensive
income to be reclassified into profit 262.11 92.94
and loss under the equity method
(2) Changes in fair value
of other debt investment
(3) Profit and loss from
changes in fair value of the
available-for-sale financial assets
(4) Amount of financial
assets reclassified into other
comprehensive income
44
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(5) Profit or loss from
reclassification of held-to-maturity
investments into available-for-sale
financial assets
(6) Provision for credit
impairment of other debt investment
(7) Cash flow hedge
reserve
(8) Foreign currency
translation differences
(9) Others
VI. Total comprehensive income 68,577,900.33 169,824,390.36
VII. Earnings per share
1. Basic earnings per share
2. Diluted earnings per share
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7. Consolidated Cash Flow Statement from Beginning of the Year to the End of the Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Cash flow from operating activities:
Cash received from sales of
1,055,869,379.49 1,190,798,262.16
goods and rendering of services
Net increase in deposits from
customers and interbank
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
Cash received from interest and
6,311,198.08
commissions
Net increase in loans from other
banks
Net increase in redemption
capital
Net cash received from acting
trading securities
Tax refunds 246,846.66
Other cash received related to
141,023,349.87 253,127,937.32
operating activities
Subtotal of cash inflow from
1,196,892,729.36 1,450,484,244.22
operating activities
Cash paid for goods and service 376,476,832.61 565,344,689.47
Net increase in loans to
0.00 -15,664,988.00
customers and prepayment
Net increase in deposits with
central bank and interbank
Cash paid for compensation
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pay-outs of primary insurance
contracts
Net increase in lending funds
Cash paid for interest, service
charges, and commissions
Cash paid as insurance dividends
Cash paid to and on behalf of
205,963,444.75 195,861,678.08
employees
Taxes paid 139,323,829.77 264,954,200.49
Other cash paid related to
374,111,254.16 351,574,995.06
operating activities
Subtotal of cash outflow in operating
1,095,875,361.29 1,362,070,575.10
activities
Net cash flow from operating
101,017,368.07 88,413,669.12
activities
II. Cash flows from investing
activities:
Cash received from withdrawal
1,115,450,000.00 1,395,212,511.69
of investment
Cash received from investment
47,026,015.29 64,918,960.93
income
Net cash received from disposal
of fixed assets, intangible assets and 42,818.11 1,220.00
other long-term assets
Net cash received from disposal
of subsidiaries and other business 109,633,298.28 126,699,000.00
units
Other cash received related to
568,202.77 0.00
investing activities
Subtotal of cash inflow from
1,272,720,334.45 1,586,831,692.62
investing activities
Cash paid for purchase and
construction of fixed assets,
61,067,813.82 66,254,262.96
intangible assets and other long-term
assets
Cash paid for investment 1,738,308,340.35 1,633,847,350.55
Net increase in mort gage loans
Net cash paid for acquisition of
subsidiaries and other business units
47
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Other cash paid related to
128,993,042.50
investing activities
Subtotal of cash outflow in investing
1,928,369,196.67 1,700,101,613.51
activities
Net cash flow from investing
-655,648,862.22 -113,269,920.89
activities
III. Cash flow from financing
activities:
Cash received by absorbing
0.00 980,000.00
investment
Including: Cash received by
subsidiaries from investment of 0.00 980,000.00
minority shareholders
Borrowings received 513,500,000.00 979,000,000.00
Other cash received related to
237,899,000.00 196,900,800.36
financing activities
Subtotal of cash inflow from
751,399,000.00 1,176,880,800.36
financing activities
Cash repayment 944,565,815.94 924,664,813.71
Cash paid for dividend and
111,029,873.30 95,444,956.60
profit distribution or interest payment
Including: Dividends and profit
paid by subsidiaries to minority 32,299,129.40 26,262,417.89
shareholders
Other cash paid related to
110,000,023.31 169,669,157.90
financing activities
Subtotal of cash outflow in financing
1,165,595,712.55 1,189,778,928.21
activities
Net cash flow from financing
-414,196,712.55 -12,898,127.85
activities
IV Influence of exchange rate
fluctuation on cash and cash 425.02 452.95
equivalents
V Net increase in cash and cash
-968,827,781.68 -37,753,926.67
equivalents
Add: Opening balance of cash
1,713,792,816.67 951,482,605.92
and cash equivalents
VI. Closing balance of cash and cash
744,965,034.99 913,728,679.25
equivalents
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8. Cash Flow Statement of the Parent Company from Beginning of the Year to the End of the Reporting
Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Cash flow from operating activities:
Cash received from sales of
58,515,246.54 51,123,098.98
goods and rendering of services
Tax refunds
Other cash received related to
140,828,104.57 311,283,263.32
operating activities
Subtotal of cash inflow from
199,343,351.11 362,406,362.30
operating activities
Cash paid for purchasing goods
29,687,838.38 27,256,444.94
and receiving services
Cash paid to and on behalf of
23,916,391.23 19,716,496.24
employees
Taxes paid 4,117,810.79 26,671,624.06
Other cash paid related to
85,334,181.43 185,871,943.22
operating activities
Subtotal of cash outflow in operating
143,056,221.83 259,516,508.46
activities
Net cash flow from operating
56,287,129.28 102,889,853.84
activities
II. Cash flows from investing
activities:
Cash received from withdrawal
40,980,000.00 525,597,700.00
of investment
Cash received from investment
97,776,783.87 218,497,996.91
income
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 0.00 77,654,200.00
units
Other cash received related to
investing activities
Subtotal of cash inflow from 138,756,783.87 821,749,896.91
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investing activities
Cash paid for purchase and
construction of fixed assets,
0.00 114,000.00
intangible assets and other long-term
assets
Cash paid for investment 549,426,244.34 693,000,000.00
Net cash paid for acquisition of
subsidiaries and other business units
Other cash paid related to
investing activities
Subtotal of cash outflow in investing
549,426,244.34 693,114,000.00
activities
Net cash flow from investing
-410,669,460.47 128,635,896.91
activities
III. Cash flow from financing
activities:
Cash received by absorbing
investment
Borrowings received 250,000,000.00 729,000,000.00
Other cash received related to
221,441,666.68 46,394,666.68
financing activities
Subtotal of cash inflow from
471,441,666.68 775,394,666.68
financing activities
Cash repayment 710,000,000.00 530,000,000.00
Cash paid for dividend and
58,743,473.04 88,928,233.30
profit distribution or interest payment
Other cash paid related to
100,000,000.00 255,061,667.00
financing activities
Subtotal of cash outflow in financing
868,743,473.04 873,989,900.30
activities
Net cash flow from financing
-397,301,806.36 -98,595,233.62
activities
IV Influence of exchange rate
fluctuation on cash and cash
equivalents
V Net increase in cash and cash
-751,684,137.55 132,930,517.13
equivalents
Add: Opening balance of cash
971,108,422.35 104,463,125.70
and cash equivalents
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VI. Closing balance of cash and cash
219,424,284.80 237,393,642.83
equivalents
II. Financial State ments Adjustments
1. Adjustments of items of financial statements as of the beginning of the current year due to
implementation of new standards for financial instruments, new standards for income, or new standards
for lease from 2019
√ Applicable □ Not applicable
Consolidated Balance Sheet Statement
Unit: Yuan
Item December 31, 2018 January 01, 2019 Adjustments
Current assets:
M onetary funds 1,757,492,816.67 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
Accounts receivable 54,426,228.11 54,426,228.11
Receivable financing
Prepayment 2,701,718.53 2,701,718.53
Premiums receivable
Reinsurance accounts
receivable
Reinsurance deposit
receivable
Other receivables 115,570,683.93 115,570,683.93
Including: Interest
1,063,684.93 1,063,684.93
receivable
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Dividends
2,000,000.00 2,000,000.00
receivable
Redemptory monetary
capital for resale
Inventory 2,670,294,017.74 2,670,294,017.74
Contract assets
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
Financial assets
34,069,679.99 / 34,069,679.99
available for sale
Other debt investment
Held-to-maturity
investment
Long-term receivables 19,000,000.00 19,000,000.00
Long-term equity
172,684,147.74 172,684,147.74
investment
Other equity
/ 34,069,679.99 34,069,679.99
instrument investment
Other non-current
financial 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
151,214,015.76 151,214,015.76
progress
Productive biological
assets
Oil & gas assets
Right-of-use assets
Intangible assets 32,471,556.32 32,471,556.32
Development
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expenses
Goodwill
Long-term expenses
73,769,436.90 73,769,436.90
to be amortized
Deferred income tax
56,931,280.75 56,931,280.75
assets
Other non-current
47,032,751.31 47,032,751.31
assets
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
Financial liabilities
measured by fair value
with changes included in
current gains and losses
Derivative financial
liabilities
Notes payable
Accounts payable 293,130,435.56 293,130,435.56
Advance receipt 692,811,462.75 692,811,462.75
Contract liabilities
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
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Taxes payable 121,045,597.93 121,045,597.93
Other payables 1,021,673,905.77 1,021,673,905.77
Including: Interest
4,943,712.80 4,943,712.80
payable
Dividends
4,196,371.01 4,196,371.01
payable
Service charges and
commissions payable
Reinsurance accounts
payable
Held-for-sale
liabilities
Non-current liabilities
272,569,415.58 272,569,415.58
due 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
Long-term payables
Long-term payroll
payable
Estimated liabilities 90,254,503.10 90,254,503.10
Deferred income 6,732,529.57 6,732,529.57
Deferred income tax
79,875,150.30 79,875,150.30
liabilities
Other non-current
0.00
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
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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
91,765.66 91,765.66
income
Special reserve
Surplus reserve 152,762,534.98 152,762,534.98
General risk provision
Undistributed profits 322,477,846.55 152,762,534.98
Total owners' equity
attributable to the parent 1,867,881,216.44 152,762,534.98
company
M inority shareholders'
581,967,687.71 152,762,534.98
equity
Total owners' equity 2,449,848,904.15 2,449,848,904.15
Total liabilities and owners'
7,128,009,738.20 7,128,009,738.20
equity
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Balance Sheet Statement of the Parent Company
Unit: Yuan
Item December 31, 2018 January 01, 2019 Adjusted figures
Current assets:
M onetary funds 971,108,422.35 971,108,422.35
Trading financial
assets
Financial assets
measured by fair value
with changes included in
current gains and losses
Derivative financial
assets
Notes receivable
Accounts receivable 217,360.00 17,360.00
Receivable financing
Prepayment
Other receivables 1,098,488,672.67 1,098,488,672.67
Including: Interest
receivable
Dividends
2,000,000.00 2,000,000.00
receivable
Inventory
Contract assets
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
Financial assets
33,515,392.83 / -33,515,392.83
available for sale
Other debt investment
Held-to-maturity
investment
Long-term receivables 9,000,000.00 9,000,000.00
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Long-term equity
1,326,039,288.79 1,326,039,288.79
investment
Other equity
33,515,392.83 33,515,392.83
instrument investment
Other non-current
financial 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
Intangible assets 1,671,913.78 1,671,913.78
Development
expenses
Goodwill
Long-term expenses
9,404,881.96 9,404,881.96
to be amortized
Deferred income tax
1,673,932.41 1,673,932.41
assets
Other non-current
39,560.00 39,560.00
assets
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
Financial liabilities
measured by fair value
with changes included in
current gains and losses
Derivative financial
liabilities
Notes payable
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Accounts payable 206,374.11 206,374.11
Advance receipt 22,491,215.88 22,491,215.88
Contract liabilities
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
Including: Interest
1,578,179.07 1,578,179.07
payable
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
Long-term payables
Long-term payroll
payable
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
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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
-55.90 -55.90
income
Special reserve
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'
3,725,961,607.93 3,725,961,607.93
equity
2. Notes to retrospective adjustments of comparative data of previous periods due to implementation of new
standards for financial instruments or new standards for lease from 2019
□ Applicable Not applicable
III. Audit Report
Is the 3rd quarter report audited?
□ Yes No
The 3rd quarter report of the Company has not been audited.
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