Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
Stock code: 000058, 200058 Stock abbreviation: SHEN SEG, SHEN SEG B Announcement No.: 2023-043
Shenzhen SEG Co., Ltd.
The Third Quarterly Report for 2023
The Company and all members of the BOD guarantee that the information disclosed is true, accurate and complete, and there are
no any fictitious records, misleading statements or important omissions.
Important content reminder:
1. Board of Directors, Supervisory Committee, all directors, supervisors and senior executives of Shenzhen SEG Co., Ltd.
(hereinafter referred to as the Company) hereby confirm that there are no any fictitious statements, misleading statements, or
important omissions carried in this report, and shall take all responsibilities, individual and/or joint, for the reality, accuracy and
completion of the whole contents.
2. Principal of the Company, Person in Charge of Accounting Works and Person in Charge of Accounting Organ (Accounting Officer)
hereby confirm that the Financial Report of the Third Quarterly Report is authentic, accurate and complete.
3. Whether the Third Quarterly Report has been audited
□ Yes No
1
Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
I. Main Financial Data
(I) Main accounting data and financial indicators
Whether it has retroactive adjustment or re-statement on previous accounting data or not
□ Yes No
Increase/decrease from
Increase/decrease in
year-begin to period-
the period compared Year-begin to period-
Current period end compared with the
with the same period of end
same period of the
the previous year
previous year
Operating income
441,982,959.45 -6.16% 1,381,458,062.21 5.25%
(Yuan)
Net profit attributable
to shareholders of the 2,388,659.76 -94.45% 140,757,825.46 632.26%
listed company (Yuan)
Net profit attributable
to shareholders of the
listed company after
1,843,764.96 -80.36% 66,552,641.71 466.72%
deducting non-
recurring gains and
losses (Yuan)
Net cash flow arising
from operating — — 91,466,033.14 178.43%
activities (Yuan)
Basic earnings per
0.0019 -94.56% 0.1143 632.69%
share (Yuan /Share)
Diluted earnings per
0.0019 -94.56% 0.1143 632.69%
share (Yuan /Share)
Weighted average ROE 0.13% -2.05% 7.06% 6.08%
Increase/decrease at the period-end compared
End of current period End of previous year
with the end of the previous year
Total assets (Yuan) 5,344,571,317.07 5,318,741,351.95 0.49%
Owner's equity
attributable to
2,056,613,035.59 1,928,217,155.45 6.66%
shareholder of listed
company (Yuan)
(II) Items and amounts of non-recurring profit (gains)/losses
Applicable □ Not applicable
Unit: RMB
Amount from year-begin to
Item Amount for the period Note
period-end
Gains/losses from the
disposal of non-current asset
(including the write-off that -16,825.16 -41,353.84
accrued for impairment of
assets)
Government grants recorded
in current gains/losses (except
188,814.06 2,833,231.72
those closely related to the
Company's normal operation,
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Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
and those continuously
enjoyed on a fixed or
quantitative basis with certain
standards in accordance with
national policy regulations)
Profits/losses from assets
entrusted to others for 554,368.07 3,171,403.17
investment or management
Reversal of write-down for
receivables whose impairment 6,697.05 443,121.06
was tested individually
Trustee fee from entrusted
36,748.10 102,125.40
operations
Other non-operating income
and expenses other than the 406,951.94 143,003.39
above
Mainly because the Company
confirmed the investment
income arising from the
transfer by Shenzhen
Huakong SEG Co., Ltd.
(hereinafter “Huakong
Other gains/losses items that
SEG”), a joint-stock
meet the definition of non- -61,742.92 70,313,517.67
enterprise of the Company, of
recurring gains/losses
the 60% equity it held in its
subsidiary Shenzhen Huakong
SEG Real Estate Co., Ltd.
(hereinafter “Huakong Real
Estate”) based on the equity
method
Less: Impact on income tax 251,632.89 1,596,494.01
Impact on minority
318,483.46 1,163,370.81
shareholders' equity (post-tax)
Total 544,894.79 74,205,183.75 --
Other gain/loss items that qualified the definition of non-recurring profits (gains)/losses:
Applicable □ Not applicable
Other gain/loss items that qualify the definition of non-recurring profits and losses refer to other income generated by the
Company that is not government grants, and the investment income arising from Huakong SEG's transfer of the 60% equity it held
in its subsidiary Huakong Real Estate accounted by the Company based on the equity method.
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss
□ Applicable Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure for
Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss
(III) Particulars about changes in items of main accounting data and financial indicators and
explanations of reasons
Applicable □ Not applicable
(I) Items of the Consolidated Balance Sheet Statement
Unit: RMB
Increase or
Item Closing balance Opening balance Difference Reasons for differences
decrease at the
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Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
end of the
period
compared with
the beginning
of the period
(%)
Mainly due to the
Trading financial Company's redemption of
111,920,402.17 180,868,562.15 -68,948,159.98 -38.12%
assets wealth management
products
Mainly due to the
Company's purchase of
photovoltaic modules and
Accounts paid in
17,868,109.45 12,325,876.18 5,542,233.27 44.96% other materials and hence
advance
the increase in prepayments
compared with the
beginning of the year
Mainly due to the increase
Other current in creditable tax compared
77,325,706.31 55,893,058.63 21,432,647.68 38.35%
assets with the beginning of the
year
Mainly due to the
Company's confirmation of
the investment income
Long-term equity arising from Huakong SEG's
232,256,425.82 143,465,403.43 88,791,022.39 61.89%
investment transfer of the 60% equity it
held in its subsidiary
Huakong Real Estate based
on the equity method
Mainly due to the transfer of
Construction in some photovoltaic power
10,725,953.53 32,789,129.20 -22,063,175.67 -67.29%
process stations to fixed assets after
construction completion
Mainly due to the
reclassification of large-
Other non-current
- 85,699,459.77 -85,699,459.77 -100.00% denomination Certificate of
assets
Deposit since it will be
mature in one year
Mainly due to the carryover
Contract
13,978,101.53 29,676,162.94 -15,698,061.41 -52.90% of some advance payments
liabilities
of flat sales to revenue
Mainly due to the carryover
Deferred income 455,311.22 674,341.94 -219,030.72 -32.48%
of some deferred income
Mainly due to the fact that
Retained earnings 480,419,298.23 352,005,539.88 128,413,758.35 36.48% the Company realized
profits in the period
(II) Items of Consolidated Income Statement
Unit: RMB
Increase/decrease
Amount of the in the current
Amount for the same period of period compared
Item Difference
current period the previous with the same Reasons for differences
year period of last
year (%)
Mainly due to the Company's
Tax and
41,444,851.54 20,218,230.48 21,226,621.06 104.99% provision of land VAT in the current
extras
period
Mainly due to the year-on-year
Financial decrease in the Company's financing
18,084,334.61 38,692,104.55 -20,607,769.94 -53.26%
expense balance and comprehensive loan
interest rate in the current period
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Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
Mainly due to the year-on-year
Other income 3,771,408.82 6,552,772.37 -2,781,363.55 -42.45% decrease in government grants
received in the current period
Mainly due to the Company's
confirmation of the investment
Investment income arising from Huakong SEG's
56,477,073.82 40,729,613.09 15,747,460.73 38.66%
income transfer of the 60% equity it held in
its subsidiary Huakong Real Estate
based on the equity method
Mainly due to the year-on-year
Non-operating
1,999,117.41 1,045,170.30 953,947.11 91.27% increase in non-operating expenses
expense
such as late fees
Mainly due to the year-on-year
Income tax
55,704,413.16 33,975,004.00 21,729,409.16 63.96% increase in the Company's profits in
expense
the current period
(III) Items of the Consolidated Cash Flow Statement
Unit: RMB
Increase/decrease
in the current
Amount of the
Amount for the period compared
Item same period of the Difference
current period with the same Reasons for differences
previous year
period of last
year (%)
Net cash flows 91,466,033.14 32,850,052.08 58,615,981.06 178.43% Mainly due to the Company's
arising from reduction or exemption of
operating rents in the same period of the
activities previous year
Net cash flows -18,676,435.42 -12,701,824.85 -5,974,610.57 -47.04% Mainly due to the fact that the
arising from Company reduced its stock
investing holdings in the same period of
activities previous year but had no
reduction in the current
period, so there was no cash
inflow for this item in the
period
Net cash flows -88,648,326.36 -360,555,805.03 271,907,478.67 75.41% Mainly due to the year-on-
arising from year decrease in loan
financing repayments
activities
Net increase in -15,858,728.64 -340,407,577.80 324,548,849.16 95.34% Mainly due to the year-on-
cash and cash year increase in net cash flows
equivalents generated from operating
activities and financing
activities
II. Shareholders Information
(I) Total number of common shareholders and preference shareholders with voting rights recovered and
top ten common shareholders
Unit: share
Total common shareholders at the Total preference shareholders with voting rights
73,906 0
end of report period recovered at end of reporting period (if applicable)
Top 10 shareholders
Shareholder's Nature of Proportion of Amount of Amount of Information of shares pledged,
name shareholder shares held shares held restricted tagged or frozen
5
Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
shares held Share status Number
Shenzhen SEG State-owned
56.54% 696,163,182
Group Co., Ltd. legal person
Domestic
Liu Guocheng 0.60% 7,442,702
natural person
LISHERYNZH Overseas
0.56% 6,836,500
ANMING natural person
Domestic
Liu Guohong 0.31% 3,773,846
natural person
Overseas
Gong Qianhua 0.24% 2,940,000
natural person
Hong Kong
Securities Overseas legal
0.23% 2,871,804
Clearing Co., person
Ltd.
Domestic
Fan Sheng 0.22% 2,650,000
natural person
Domestic
Li Xiaosong 0.19% 2,289,357
natural person
Domestic
Zhuo Jinghua 0.17% 2,069,500
natural person
Domestic
Xu Yueying 0.16% 1,996,800
natural person
Top ten shareholders with unrestricted shares held
Type of shares and amount
Shareholder's name Amount of unrestricted shares held
Type Amount
RMB ordinary
Shenzhen SEG Group Co., Ltd. 696,163,182 696,163,182
shares
Domestic listed
Liu Guocheng 7,442,702 7,442,702
foreign shares
Domestic listed
LISHERYNZHANMING 6,836,500 6,836,500
foreign shares
Domestic listed
Liu Guohong 3,773,846 3,773,846
foreign shares
Domestic listed
Gong Qianhua 2,940,000 2,940,000
foreign shares
Hong Kong Securities Clearing RMB ordinary
2,871,804 2,871,804
Co., Ltd. shares
RMB ordinary
Fan Sheng 2,650,000 2,650,000
shares
RMB ordinary
Li Xiaosong 2,289,357 2,289,357
shares
RMB ordinary
Zhuo Jinghua 2,069,500 2,069,500
shares
Domestic listed
Xu Yueying 1,996,800 1,996,800
foreign shares
There is no related party relationship between SEG Group and other
Explanations on the related party relationship or shareholders, nor are they persons acting in concert as stipulated in the
concerted action among the above-mentioned Administrative Measures on Acquisition of Listed Companies. It is
shareholders unknown to the Company whether other shareholders are related parties
or persons acting in concert.
Fan Sheng, a domestic natural person, holds 2,650,000 shares of the
Company, all through the credit account of margin trading and securities
Information on top 10 ordinary shareholders
lending investors; Li Xiaosong, a domestic natural person, holds
participating in securities margin trading (if
2,289,357 shares of the company, of which 2,239,357 shares are held
applicable)
through the credit account of margin trading and securities lending
investors.
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Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
(II) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred
stock held
□ Applicable Not applicable
III. Other Significant Events
Applicable □ Not applicable
Overview of the significant event Inquiry index for the websites disclosing the temporary
Disclosure date
reports
The Announcement on the Progress of Litigations and
1. Litigations and arbitrations involving
2023-07-20 Arbitrations Involving Holding Second-tier Subsidiaries as
holding subsidiaries
released on CNINFO (http://www.cninfo.com.cn/)
The Announcement on Providing Financial Assistance to
2017-10-18 Related Joint-stock Companies as released on CNINFO
(http://www.cninfo.com.cn/)
The Announcement on the Progress of Providing Financial
2. Provision of financial assistance to
2023-04-08 Assistance to Related Joint-stock Companies as released on
related joint-stock companies
CNINFO (http://www.cninfo.com.cn/)
The Announcement on the Progress of Providing Financial
2023-08-09 Assistance to Related Joint-stock Companies as released on
CNINFO (http://www.cninfo.com.cn/)
The Announcement on Resignation of the Company's
2023-08-25 Director and General Manager as released on CNINFO
(http://www.cninfo.com.cn/)
3. Changes in directors, supervisors and
senior management of the Company
The Announcement on the Resignation of the Chairman of
2023-09-21 the Board of Directors as released on CNINFO
(http://www.cninfo.com.cn/)
The Announcement on Resolutions of the 46th Interim
Meeting of 8th BOD and the Announcement on the
4. Subsidiary's plan to sell stock assets 2023-09-16
Subsidiary's Plan to Sell Stock Assets as released on
CNINFO (http://www.cninfo.com.cn/)
The Announcement on Resolutions of the 9th Meeting of 8th
2023-08-31 BOD and the Outline of the 14th Five-Year Plan (2021-
2025) as released on CNINFO (http://www.cninfo.com.cn/)
5. Formulation of the “14th FYP” strategic
plan
The Announcement on Resolutions of 2023 First
2023-09-23 Extraordinary General Meeting of Shareholders as released
on CNINFO (http://www.cninfo.com.cn/)
The Announcement on Resolutions of the 9th Meeting of 8th
BOD and the Administrative Regulations on Related Party
2023-08-31
Transactions as released on CNINFO
6. Revision of the Administrative (http://www.cninfo.com.cn/)
Regulations on Related Party Transactions
The Announcement on Resolutions of 2023 First
2023-09-23 Extraordinary General Meeting of Shareholders as released
on CNINFO (http://www.cninfo.com.cn/)
7. Continued engagement of the auditing The Announcement on Resolutions of the 9th Meeting of 8th
2023-08-31 BOD and the Announcement on the Continued Engagement
agency in 2023
of the Auditing Agency in 2023 as released on CNINFO
7
Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
(http://www.cninfo.com.cn/)
The Announcement on Resolutions of 2023 First
2023-09-23 Extraordinary General Meeting of Shareholders as released
on CNINFO (http://www.cninfo.com.cn/)
IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Shenzhen SEG Co., Ltd.
2023-09-30
Unit: RMB
Item September 30, 2023 January 1, 2023
Current assets:
Monetary fund 980,420,555.20 994,421,369.42
Settlement provisions
Capital lent
Trading financial assets 111,920,402.17 180,868,562.15
Derivative financial assets
Note receivable 8,863,311.86 11,884,758.88
Account receivable 341,854,756.27 315,473,245.43
Receivable financing 2,449,408.14 2,449,408.14
Accounts paid in advance 17,868,109.45 12,325,876.18
Insurance receivable
Reinsurance receivables
Contract reserve of reinsurance receivable
Other account receivable 81,028,836.33 65,860,699.46
Including: Interest receivable
Dividend receivable
Financial assets purchased under agreements to
resell
Inventories 1,704,033,164.60 1,701,453,879.37
Contractual assets 20,145,225.94 28,654,072.42
Assets held for sale
Non-current asset due within one year 82,615,555.50
Other current assets 77,325,706.31 55,893,058.63
Total current assets 3,428,525,031.77 3,369,284,930.08
Non-current assets:
Loans and payments on behalf
Debt investment
Other debt investment
Long-term account receivable 19,030,854.56 22,809,517.85
Long-term equity investment 232,256,425.82 143,465,403.43
Investment in other equity instrument 27,861,696.07 27,897,499.04
Other non-current financial assets
Investment real estate 940,268,841.69 952,807,956.49
Fixed assets 315,116,529.17 259,816,845.31
Construction in progress 10,725,953.53 32,789,129.20
Productive biological asset
Oil and gas asset
Right-of-use assets 174,801,290.70 227,361,597.84
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Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
Intangible assets 21,834,088.09 23,324,088.29
Expense on Research and Development
Goodwill 70,827,727.55 70,827,727.55
Long-term expenses to be apportioned 29,263,058.11 28,439,474.89
Deferred income tax asset 74,059,820.01 74,217,722.21
Other non-current asset 85,699,459.77
Total non-current asset 1,916,046,285.30 1,949,456,421.87
Total assets 5,344,571,317.07 5,318,741,351.95
Current liabilities:
Short-term loans 215,083,333.33 210,181,111.13
Loan from central bank
Capital borrowed
Trading financial liability
Derivative financial liability
Note payable
Account payable 479,837,065.67 477,876,252.19
Accounts received in advance 126,032,334.87 179,935,767.58
Contractual liability 13,978,101.53 29,676,162.94
Financial assets sold under agreements to
repurchase
Absorbing deposit and interbank deposit
Security trading of agency
Security sales of agency
Wage payable 106,922,004.78 129,186,534.91
Taxes payable 150,533,747.57 137,628,740.93
Other account payable 827,216,365.81 813,507,968.24
Including: Interest payable
Dividend payable 22,415,684.88 22,493,095.44
Commission charge and commission payable
Reinsurance payable
Liability held for sale
Non-current liabilities due within one year 80,423,799.51 114,282,465.35
Other current liabilities 2,572,239.02 2,189,029.58
Total current liabilities 2,002,598,992.09 2,094,464,032.85
Non-current liabilities:
Insurance contract reserve
Long-term loans 512,840,713.28 523,309,490.59
Bonds payable
Including: Preferred stock
Perpetual capital securities
Lease liability 164,800,191.76 178,107,661.75
Long-term account payable 4,911,209.26 4,739,253.10
Long-term wages payable
Accrual liability 54,373,663.76 55,155,504.76
Deferred income 455,311.22 674,341.94
Deferred income tax liabilities 9,611,611.58 10,062,775.57
Other non-current liabilities
Total non-current liabilities 746,992,700.86 772,049,027.71
Total liabilities 2,749,591,692.95 2,866,513,060.56
Owner's equity:
Share capital 1,231,200,672.00 1,231,200,672.00
Other equity instrument
Including: Preferred stock
Perpetual capital securities
Capital public reserve 165,950,347.39 165,950,347.39
Less: Inventory shares
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Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
Other comprehensive income -4,591,788.26 -4,573,910.05
Reasonable reserve
Surplus public reserve 183,634,506.23 183,634,506.23
Provision of general risk
Retained profit 480,419,298.23 352,005,539.88
Total owner's equity attributable to parent company 2,056,613,035.59 1,928,217,155.45
Minority interests 538,366,588.53 524,011,135.94
Total owner's equity 2,594,979,624.12 2,452,228,291.39
Total liabilities and owner's equity 5,344,571,317.07 5,318,741,351.95
Legal representative: Zhang Liang Person in charge of accounting work: Xiao Jun Person in charge of accounting
department: Chen Chuan
2. Consolidated Income Statement (from the year-begin to the period-end)
Unit: RMB
Item Current period Last period
I. Total operating income 1,381,458,062.21 1,312,587,406.20
Including: Operating income 1,381,458,062.21 1,312,587,406.20
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 1,206,731,744.95 1,295,389,399.14
Including: Operating cost 1,048,547,609.95 1,139,252,432.11
Interest expense
Commission charge and commission
expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Tax and extras 41,444,851.54 20,218,230.48
Sales expense 17,083,612.41 16,880,998.46
Administrative expense 73,699,075.55 73,879,807.16
R&D expense 7,872,260.89 6,465,826.38
Financial expense 18,084,334.61 38,692,104.55
Including: Interest expenses 22,826,979.17 45,339,482.76
Interest income 13,178,477.38 7,387,541.62
Add: Other income 3,771,408.82 6,552,772.37
Investment income (Loss is listed with “-”) 56,477,073.82 40,729,613.09
Including: Investment income on
53,791,022.39 -6,445,928.58
affiliated company and joint venture
The termination of income
recognition for financial assets measured by
amortized cost (Loss is listed with “-”)
Exchange income (Loss is listed with “-”)
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Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
Net exposure hedging income (Loss is
listed with “-”)
Income from change of fair value (Loss is
listed with “-”)
Loss of credit impairment (Loss is listed
453,088.93 547,396.51
with “-”)
Losses of devaluation of asset (Loss is
listed with “-”)
Income from assets disposal (Loss is listed
22,382.28
with “-”)
III. Operating profit (Loss is listed with “-”) 235,427,888.83 65,050,171.31
Add: Non-operating income 2,100,766.96 2,083,192.46
Less: Non-operating expense 1,999,117.41 1,045,170.30
IV. Total profit (Loss is listed with “-”) 235,529,538.38 66,088,193.47
Less: Income tax expense 55,704,413.16 33,975,004.00
V. Net profit (Net loss is listed with “-”) 179,825,125.22 32,113,189.47
(i) Classify by business continuity
1. Continuous operating net profit (net loss
179,825,125.22 32,113,189.47
listed with '-”)
2. Termination of net profit (net loss listed
with '-”)
(ii) Classify by ownership
1. Net profit attributable to shareholders of
140,757,825.46 19,222,397.31
parent company (net loss listed with '-”)
2. Minority shareholders' gains and losses (net
39,067,299.76 12,890,792.16
loss listed with '-”)
VI. Net after-tax of other comprehensive income -26,852.22 97,396.22
Net after-tax of other comprehensive income
-17,878.21 64,846.40
attributable to owners of parent company
(i) Other comprehensive income items which
will not be reclassified subsequently to profit of -17,878.21 64,846.40
loss
1. Changes of the defined benefit plans that
re-measured
2. Other comprehensive income under
equity method that cannot be transfer to gain/loss
3. Change of fair value of investment in
-17,878.21 64,846.40
other equity instrument
4. Fair value change of enterprise's credit
risk
5. Other
(ii) Other comprehensive income items which
will be reclassified subsequently to profit or loss
1. Other comprehensive income under
equity method that can transfer to gain/loss
2. Change of fair value of other debt
investment
3. Amount of financial assets re-classify to
other comprehensive income
4. Credit impairment provision for other
debt investment
5. Cash flow hedging reserve
6. Translation differences arising on
translation of foreign currency financial statements
7. Other
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Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
Net after-tax of other comprehensive income
-8,974.01 32,549.82
attributable to minority shareholders
VII. Total comprehensive income 179,798,273.00 32,210,585.69
(i) Total comprehensive income attributable to
140,739,947.25 19,287,243.71
owners of parent Company
(ii) Total comprehensive income attributable to
39,058,325.75 12,923,341.98
minority shareholders
VIII. Earnings per share:
(i) Basic earnings per share 0.1143 0.0156
(ii) Diluted earnings per share 0.1143 0.0156
For business combinations of the current period under common control, the net profit realized by the combined party before the
combination is: RMB0.00; the net profit realized by the combined party in last period is: RMB0.00.
Legal representative: Zhang Liang Person in charge of accounting work: Xiao Jun Person in charge of accounting
department: Chen Chuan
3. Consolidated Cash Flow Statement (from the year-begin to the period-end)
Unit: RMB
Item Current period Last period
I. Cash flows arising from operating activities:
Cash received from selling commodities and
1,373,755,422.38 1,321,332,074.61
providing labor services
Net increase of customer deposit and interbank
deposit
Net increase of loan from central bank
Net increase of capital borrowed from other
financial institution
Cash received from original insurance contract
fee
Net cash received from reinsurance business
Net increase of insured savings and investment
Cash received from interest, commission charge
and commission
Net increase of capital borrowed
Net increase of returned business capital
Net cash received by agents in sale and purchase
of securities
Write-back of tax received 1,195,824.19 5,882,155.72
Other cash received concerning operating
180,041,727.39 197,848,806.94
activities
Subtotal of cash inflow arising from operating
1,554,992,973.96 1,525,063,037.27
activities
Cash paid for purchasing commodities and
549,641,919.99 532,676,006.07
receiving labor service
Net increase of customer loans and advances
Net increase of deposits in central bank and
interbank
Cash paid for original insurance contract
compensation
Net increase of capital lent
Cash paid for interest, commission charge and
commission
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Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
Cash paid for bonus of guarantee slip
Cash paid to/for staff and workers 520,892,032.87 561,038,478.09
Taxes paid 145,439,775.98 140,564,385.71
Other cash paid concerning operating activities 247,553,211.98 257,934,115.32
Subtotal of cash outflow arising from operating
1,463,526,940.82 1,492,212,985.19
activities
Net cash flows arising from operating activities 91,466,033.14 32,850,052.08
II. Cash flows arising from investing activities:
Cash received from recovering investment 164,543,982.00 374,982,905.60
Cash received from investment income 2,583,764.37 43,934,675.01
Net cash received from disposal of fixed,
2,342.00 1,402.29
intangible and other long-term assets
Net cash received from disposal of subsidiaries
1,095,632.06
and other units
Other cash received concerning investing
activities
Subtotal of cash inflow from investing activities 167,130,088.37 420,014,614.96
Cash paid for purchasing fixed, intangible and
55,306,523.79 45,926,439.81
other long-term assets
Cash paid for investment 130,500,000.00 386,790,000.00
Net increase of mortgaged loans
Net cash received from subsidiaries and other
units obtained
Other cash paid concerning investing activities
Subtotal of cash outflow from investing activities 185,806,523.79 432,716,439.81
Net cash flows arising from investing activities -18,676,435.42 -12,701,824.85
III. Cash flows arising from financing activities
Cash received from absorbing investment
Including: Cash received from absorbing
minority shareholders' investment by subsidiaries
Cash received from loans 148,231,372.68 124,146,990.38
Other cash received concerning financing
activities
Subtotal of cash inflow from financing activities 148,231,372.68 124,146,990.38
Cash paid for settling debts 151,123,960.60 107,283,593.56
Cash paid for dividend and profit distributing or
59,025,174.32 92,849,084.97
interest paying
Including: Dividend and profit of minority
24,702,873.14 19,965,244.75
shareholder paid by subsidiaries
Other cash paid concerning financing activities 26,730,564.12 284,570,116.88
Subtotal of cash outflow from financing activities 236,879,699.04 484,702,795.41
Net cash flows arising from financing activities -88,648,326.36 -360,555,805.03
IV. Influence on cash and cash equivalents due to
fluctuation in exchange rate
V. Net increase of cash and cash equivalents -15,858,728.64 -340,407,577.80
Add: Balance of cash and cash equivalents at the
987,118,254.44 1,091,838,138.56
period-begin
VI. Balance of cash and cash equivalents at the
971,259,525.80 751,430,560.76
period-end
(II) Description on the adjustment of relevant items in the financial statements at the
beginning of the year for the first time adoption of the new accounting standards since
2023
□ Applicable Not applicable
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Third Quarterly Report for 2023 Shenzhen SEG Co., Ltd.
(III) Report auditing
Whether the Third Quarterly Report has been audited
□ Yes No
The Third Quarterly Report of the Company has not been audited.
Board of Directors of Shenzhen SEG Co., Ltd.
October 27, 2023
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