CSG HOLDING CO., LTD.
THE THIRD QUARTER REPORT 2024
Chairman of the Board:
CHEN LIN
October 2024
CSG HOLDING CO., LTD. The T hird Quarter Report 2024
Stock code: 000012; 200012 Short form of the stock: CSG A; CSG B Notice No.: 2024-026
CSG HOLDING CO., LTD.
THE THIRD QUARTER REPORT 2024
The Company and all members of the Board of Directors guarantee that the information disclosed is true,
accurate and complete, and there are no any fictitious statements, misleading statements, or important omissions
carried in this report.
Important Content Notice：
1. Board of Directors and the Supervisory Committee of CSG Holding Co., Ltd. (hereinafter referred to as the
Company) and its directors, supervisors and senior executives hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report, and shall take all
responsibilities, individual and/or joint, for the facticity, accuracy and completeness of the whole contents.
2. Principal of the Company, responsible person in charge of accounting and principal of the financial
department (accounting officer) confirm that the Financial Report enclosed in the Third Quarter Report of 2024
of the Company is true, accurate and complete.
3. Whether the third quarter report has been audited or not
□Yes √No
This report is prepared both in Chinese and English. Should there be any inconsistency between the Chinese and
English versions, the Chinese version shall prevail.
I. Main financial data
(I) Main accounting data and financial indices
Whether retrospective adjustment has been carried out on financial reports of previous periods or not
□Yes √No
Increase/dec
Increase/decrease
rease in
in comparison From 1 January to
comparison
The report period with the same 30 September
with the
period of the 2024
same period
previous year
of 2023
Operating income (RMB) 3,757,912,090 -26.18% 11,836,882,741 -12.19%
Net profit attributable to shareholders of the
53,338,172 -90.76% 786,449,734 -46.38%
listed company (RMB)
Net profit attributable to shareholders of the
listed company after deducting non-recurring 28,003,017 -94.80% 700,904,209 -49.07%
gains and losses (RMB)
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CSG HOLDING CO., LTD. The T hird Quarter Report 2024
Net cash flow arising from operating activities
— — 1,352,827,714 -16.71%
(RMB)
Basic earnings per share (RMB/Share) 0.02 -89.47% 0.26 -45.83%
Diluted earnings per share (RMB/Share) 0.02 -89.47% 0.26 -45.83%
Weighted average ROE 0.51% -3.67% 5.59% -5.39%
The end of the The end of the Increase/decrease in comparison
report period previous year with the end of the previous year
Total assets (RMB ) 31,909,612,693 30,362,057,312 5.10%
Net assets attributable to shareholders of the
14,070,966,644 14,050,840,217 0.14%
Company (RMB )
(II)Items and amounts of non-recurring gains and losses
√Applicable □Not applicable
Unit: RMB
Amount from
the beginning of
Item The report period year to the end Note
of the report
period
Gains/losses from the disposal of non-current asset (including the
63,209 4,265,283
write-off that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not
including the subsidy enjoyed in quota or ration according to national 31,056,005 89,573,362
standards, which are closely relevant to enterprise’s business)
In addition to the effective hedging business related to the normal
operation of the company, the profit or loss of fair value changes
arising from the holding of financial assets and financial liabilities by
924,109
non-financial enterprises and the loss or gain arising from the disposal
of financial assets and financial liabilities and available for sale
financial assets
Reversal of provision for impairment of receivables that have been
360,420 7,180,199
individually tested for impairment
Profit and loss from debt restructuring 2,665,583 3,234,725
Other non-operating income and expenditure except for the
-3,734,323 -1,986,024
aforementioned items
Less: Impact on income tax 4,681,173 15,739,281
Impact on minority shareholders’ equity (post-tax) 394,566 1,906,848
Total 25,335,155 85,545,525 --
Particulars about other gains and losses that meet the definition of non-recurring gains and losses:
□ Applicable √ Not applicable
It did not exist that other profit and loss items met the definition of non-recurring gains and losses.
Explanation of the non-recurring gains and losses listed in the Explanatory Announcement No.1 on Information Disclosure for
Companies Offering their Securities to the Public - Non-recurring Gains and Losses as recurring gains and losses
□ Applicable √ Not applicable
It did not exist that non-recurring profit and loss items listed in the Explanatory Announcement No. 1 on Information Disclosure of
Companies Offering Securities to the Public - Non-recurring Profit and Loss were defined as recurring profit and loss items in the
report period.
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CSG HOLDING CO., LTD. The T hird Quarter Report 2024
(III) Particulars and explanations about significant changes in main accounting data and financial indices
√Applicable □Not applicable
The Group's major accounting statement items, financial indicators changes and reasons
Unit: RMB
Rate of
Item of balance sheet Note 30 September 2024 1 January 2024
increase/decrease
Financing of receivables (1) 692,651,276 529,945,623 31%
Non-current assets due within one year (2) 84,191,224 -100%
Deferred tax assets (3) 307,901,950 223,025,031 38%
Other non-current assets (4) 177,227,728 396,600,354 -55%
Short-term loan (5) 645,705,148 436,853,583 48%
Other payables (6) 341,154,337 484,741,877 -30%
Non-current liabilities due within one year (7) 1,713,098,203 1,248,891,979 37%
Other current liabilities (8) 280,696,087 454,332,686 -38%
Long-term payables (9) 455,894,376 88,204,163 417%
Special reserves (10) 3,347,163 1,411,139 137%
From January to From January to Rate of
Item of income statement Note
September 2024 September 2023 increase/decrease
Other income (11) 163,689,941 89,046,515 84%
Investment income (12) -3,501,978 -6,890,163 -49%
Asset impairment losses (13) -73,432,355 -84,232 87079%
Credit impairment losses (14) 9,214,780 -18,898,917 --
Asset disposal income (15) 4,265,283 76,520 5474%
Non-operating income (16) 6,367,897 13,420,148 -53%
Non-operating expenses (17) 8,353,921 1,048,888 696%
Income tax expense (18) 32,944,644 112,486,716 -71%
Net amount of other comprehensive income
(19) -586,304 9,139,505 -106%
after tax
Note:
(1) The increase in receivables financing was mainly due to a decrease in bank acceptance bills used as collateral for issuing bills.
(2) The decrease of non-current assets due within one year is mainly due to the maturity of certificates of deposit purchased earlier.
(3) The increase in deferred tax assets was mainly due to the decrease in profits of some subsidiaries.
(4) The decrease in other non-current assets was mainly due to the decrease in prepayment for construction equipment.
(5) The increase in short-term borrowings was mainly due to the increase in borrowings of some subsidiaries.
(6) The decrease in other payables was mainly due to the return of deposits and deposits.
(7) The increase in non-current liabilities due within one year was mainly due to the increase in long-term borrowings due within
one year.
(8) The decrease in other current liabilities was primarily due to the reclassification of supply chain finance instruments to notes
payable.
(9) The increase in long-term payables was mainly due to the increase in the financial leasing business of some subsidiaries.
(10) The increase in special reserves was mainly due to the provision of special reserves.
(11) The increase in other income was mainly due to an increase in tax benefits such as the value-added tax deduction.
(12) The change in investment income was mainly due to the increase in debt restructuring gains.
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CSG HOLDING CO., LTD. The T hird Quarter Report 2024
(13) The increase in asset impairment loss was mainly caused by the small amount in the previous period and the provision for
inventory depreciation of some subsidiaries.
(14) The change in credit impairment loss was mainly due to the decrease in accounts receivable and the recovery of part of the
special bad debt reserve.
(15) The increase in income from asset disposal was mainly due to the increase in income from the disposal of non-current assets
of some subsidiaries and the smaller amount in the previous period.
(16) The decrease in non-operating income was mainly due to changes such as unpayable payments.
(17) The increase in non-operating expenses was mainly due to changes in the disposal of non-current assets by some subsidiaries.
(18) The decrease in income tax expense was mainly due to the decrease in the total profit of some subsidiaries.
(19) The change in net other comprehensive income after tax is mainly due to the change in the translation difference of the
foreign currency statements.
II. Shareholder information
(I) Particulars about the total number of common shareholders and preference shareholders with voting
rights recovered as well as the shareholdings of the top ten shareholders
Unit: Share
Total number of common shareholders at Total number of preference shareholders with voting
143,177 0
the end of the report period rights recovered at end of report period (if applicable)
Particulars about the shareholdings of the top ten shareholders（Excluding shares lent through refinancing）
Number of share
Proportion Amount of pledged, marked or
Nature of Amount of
Name of shareholder of shares restricted frozen
shareholder shares held
held (%) shares held Share
Amount
status
Domestic non
Foresea Life Insurance Co., Ltd. –
state-owned 15.19% 466,386,874 0
HailiNiannian
legal person
Domestic non
# Shenzhen Sigma C&T Co., Ltd. state-owned 3.92% 120,385,406 0
legal person
Domestic non
Foresea Life Insurance Co., Ltd. –
state-owned 3.86% 118,425,007 0
Universal Insurance Products
legal person
Domestic non
Foresea Life Insurance Co., Ltd. – Own
state-owned 2.11% 64,765,161 0
Fund
legal person
China Galaxy International Securities Foreign legal
1.34% 41,034,578 0
(Hong Kong) Co., Limited person
Foreign legal
Hong Kong Securities Clearing Co., Ltd. 0.96% 29,353,250 0
person
Domestic non Pledged 18,980,000
Zhongshan Runtian Investment Co., Ltd. state-owned 0.62% 18,983,447 0
legal person Frozen 18,983,447
China Merchants Securities (Hong Kong) Foreign legal
0.60% 18,335,611 0
Limited person
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CSG HOLDING CO., LTD. The T hird Quarter Report 2024
VANGUARD TOTAL INTERNATIONAL Foreign legal
0.57% 17,537,213 0
STOCK INDEX FUND person
VANGUARD EMERGING MARKETS Foreign legal
0.56% 17,102,195 0
STOCK INDEX FUND person
Particular about top ten shareholders with un-restricted shares held
（Excluding shares lent through refinancing and executive lock-in shares）
Amount of unrestricted Type of shares
Name of shareholder
shares held Type Amount
Foresea Life Insurance Co., Ltd. – HailiNiannian 466,386,874 RMB ordinary shares 466,386,874
# Shenzhen Sigma C&T Co., Ltd. 120,385,406 RMB ordinary shares 120,385,406
Foresea Life Insurance Co., Ltd. – Universal Insurance
118,425,007 RMB ordinary shares 118,425,007
Products
Foresea Life Insurance Co., Ltd. – Own Fund 64,765,161 RMB ordinary shares 64,765,161
China Galaxy International Securities (Hong Kong) Co., Domestically listed
41,034,578 41,034,578
Limited foreign shares
Hong Kong Securities Clearing Co., Ltd. 29,353,250 RMB ordinary shares 29,353,250
Zhongshan Runtian Investment Co., Ltd. 18,983,447 RMB ordinary shares 18,983,447
Domestically listed
China Merchants Securities (Hong Kong) Limited 18,335,611 18,335,611
foreign shares
VANGUARD TOTAL INTERNATIONAL STOCK Domestically listed
17,537,213 17,537,213
INDEX FUND foreign shares
VANGUARD EMERGING MARKETS STOCK INDEX Domestically listed
17,102,195 17,102,195
FUND foreign shares
As of the end of the report period, among shareholders as listed above,
Foresea Life Insurance Co., Ltd.-HailiNiannian, Foresea Life Insurance
Co., Ltd.-Universal Insurance Products, Foresea Life Insurance Co.,
Ltd.-Own Fund are all held by Foresea Life Insurance Co., Ltd.
Statement on associated relationship or consistent action Shenzhen Jushenghua Co., Ltd., which holds 51% equity of Foresea Life
among the above shareholders: Insurance Co., Ltd., holds 100% equity of Zhongshan Runtian
Investment Co.,Ltd and Chengtai Group Co. Ltd., through Shenzhen
Hualitong Investment Co., Ltd. Chengtai Group Co., Ltd. holds
40,187,904 shares through China Galaxy International Securities (Hong
Kong) Co., Limited.
As of the end of the report period, shareholder Shenzhen Sigma C&T
Co., Ltd. holds 0 shares of the Company through an ordinary account,
Description of the top 10 shareholders participating in
and 120,385,406 shares of the Company through the customer credit
margin trading (if applicable)
transaction guarantee securities account of Huatai Securities Co., Ltd.,
totaling 120,385,406 shares of the Company.
Special note: On July 11, 2022, at the Company's Second Extraordinary General Meeting in 2022, Foresea Life Insurance Co., Ltd.
voted in favor of all proposals, and Zhongshan Runtian Investment Co., Ltd. voted against all proposals, Chengtai Group Co., Ltd.
voted against all the proposals with the shares held by China Galaxy International Securities (Hong Kong) Co., Limited; on August
3, 2022, at the Company's Third Extraordinary General Meeting in 2022, Foresea Life Insurance Co., Ltd. voted in favor of all
proposals, and Zhongshan Runtian Investment Co., Ltd. voted against all proposals.
Shareholders holding more than 5%, the top 10 shareholders and the top 10 shareholders of unlimited tradable shares participate in
the refinancing business to lend shares
□ Applicable √ Not applicable
The top 10 shareholders and the top 10 shareholders of unlimited outstanding shares have changed from the previous period due to
refinancing lending/restitution reasons
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CSG HOLDING CO., LTD. The T hird Quarter Report 2024
□ Applicable √ Not applicable
(II) Total number of preference shareholders and particulars about the shareholdings of the top ten
preference shareholders
□Applicable √Not applicable
III. Other important matters
√Applicable □ Not applicable
1. Ultra-short-term financing bills
On May 16, 2022, the Company's 2021 Annual General Meeting reviewed and approved the "Proposal on Application for
Registration and Issuance of Medium-Term Notes and Ultra-short-term Financing Bills", which agreed that the Company would
register and issue ultra-short-term financing bills with a registered amount of not more than RMB 1 billion, The Company can issue
one or more times within the validity period of the registration according to the actual capital needs and the capital situation of the
inter-bank market. On October 30, 2023, the Dealers Association held the 128th registration meeting in 2023 and decided to accept
the registration of ultra-short-term financing notes with a total amount of RMB 1 billion and a validity period of two years.
2. Medium-term notes
On May 16, 2022, the Company's 2021 Annual General Meeting reviewed and approved the "Proposal on Application for
Registration and Issuance of Medium-term Notes and Ultra-short-term Financing Bills", which agreed that the Company would
register and issue medium-term notes with a registered amount of not more than RMB 2 billion. Actual capital needs and inter-bank
market capital status, can be issued one or more times within the validity period of registration. On October 30, 2023, the Dealers
Association held its 128th registration meeting for 2023 and decided to accept the registration of medium-term notes with a total
value of RMB 2 billion and a validity period of two years.
3. Guarantee situation
The 2023 Annual General Meeting of the Company reviewed and passed the Proposal for the 2024 Guarantee Plan, and approved
the Company and its subsidiaries to provide guarantees in a total amount of not exceeding RMB 24,400 million (including the
effective and unexpired amount) for the 2024 credit lines from financial institutions to guaranteed entities within the scope of
consolidated statements. Among them, the total amount of guarantees for all guaranteed entities with asset liability ratio of 70% or
above shall not exceed the equivalent amount of RMB 2,000 million (including the effective and unexpired amount). The
Company’s external guarantees are all provided for subsidiaries within the scope of consolidated statement. As of 30 September
2024, the actual guarantee balance was RMB 8,054.79 million (of which the actual guarantee balance with liability/asset ratio of
70% or above was RMB 468 million), accounting for 57.33% of the parent company’s audited net assets of RMB 14,050.84
million at the end of 2023, and 26.53% of the audited net assets of RMB 30,362.06 million. The Company has no overdue
guarantee.
The Company’s 2022 Annual General Meeting reviewed and passed the Proposal on the Development of Asset Pool Business in
2023. In order to achieve the overall management of the Company’s assets such as bills and letters of credit, the General Meeting
of Shareholders approved the Company and its subsidiaries to conduct asset pool business of no more than RMB 1.6 billion. Under
the premise of controllable risks, various guarantee methods such as maximum pledge, general pledge, deposit certificate pledge,
bill pledge, and margin pledge can be adopted for business development. As of September 30, 2024, the actual pledge amount of
the asset pool business was RMB 1,052.75 million, and the financing balance was RMB1,028.53 million.
4. The matter of the special fund of RMB 171 million for talent introduction
Regarding the special fund of RMB 171 million for talent introduction, the Company filed an infringement compensation lawsuit
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CSG HOLDING CO., LTD. The T hird Quarter Report 2024
against Zeng Nan and others and Yichang Hongtai Real Estate Co., Ltd. on December 15, 2021, and Shenzhen Intermediate
People's Court officially accepted it on January 28, 2022. The first trial of the case was completed in Shenzhen Intermediate
People's Court on June 21, 2022. On 4 June 2024, the Company received the Civil Judgment of the first instance issued by
Shenzhen Intermediate People's Court, which rejected all of the Company's litigation requests. In June 2024, the Company filed an
appeal to Guangdong Higher People's Court. The Guangdong Provincial High People's Court organized a court investigation on
September 12, 2024, and the case is currently in the process of the second instance.
5. Postponed re-election of the Board of Directors and the Supervisory Committee
The term of office of the ninth Board of Directors and Supervisory Committee of the Company expired on 21 May 2023, and re-
election is progressing steadily as of now. According to Articles 96 and 138 of the Articles of Association of CSG Holding Co., Ltd.,
if a new director/supervisor is not re-elected in time upon the expiry of the term of office of a director/supervisor, before the re-
elected director/supervisor assumes his/her office, the former director/supervisor shall still perform the duties of a
director/supervisor in accordance with the provisions of laws, administrative regulations, departmental rules and the Articles of
Association. Therefore, the members of the ninth Board of Directors and Supervisory Committee are still performing their duties
in a normal manner, and the re-election of the Board of Directors and the Supervisory Committee would not have any adverse
impact on the Company’s operation and governance.
IV. Quarterly financial statement
(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by CSG Holding Co., Ltd.
September 30, 2024
Unit: RMB
Item Ending balance Opening balance
Current asset:
Monetary capital 3,111,040,036 3,076,774,218
Notes receivable 1,426,875,087 1,593,520,494
Accounts receivable 1,818,343,894 1,881,796,408
Receivables financing 692,651,276 529,945,623
Prepayments 110,874,707 155,476,645
Other receivables 169,551,648 177,957,033
Inventory 1,932,562,851 1,590,224,795
Non-current assets due within one year 84,191,224
Other current assets 443,522,008 352,066,698
Total current assets 9,705,421,507 9,441,953,138
Non-current assets:
Investment real estate 292,711,858 290,368,105
Fixed assets 13,530,838,235 13,145,568,631
Construction in progress 5,454,006,557 4,325,016,420
Right-of-use assets 20,184,637 21,637,628
Intangible assets 2,393,471,529 2,490,530,224
Goodwill 8,593,352 8,593,352
Long-term prepaid expenses 19,255,340 18,764,429
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CSG HOLDING CO., LTD. The T hird Quarter Report 2024
Deferred tax assets 307,901,950 223,025,031
Other non-current assets 177,227,728 396,600,354
Total non-current assets 22,204,191,186 20,920,104,174
Total assets 31,909,612,693 30,362,057,312
Current liabilities:
Short-term loan 645,705,148 436,853,583
Notes payable 2,235,897,363 2,041,353,189
Accounts payable 3,654,912,439 3,341,624,602
Contractual liabilities 375,536,651 362,538,795
Payroll payable 377,491,165 483,337,796
Taxes payable 124,289,876 123,407,413
Other payables 341,154,337 484,741,877
Including: interest payable 8,709,606 8,751,408
Non-current liabilities due within one 1,713,098,203 1,248,891,979
year
Other current liabilities 280,696,087 454,332,686
Total current liabilities 9,748,781,269 8,977,081,920
Non-current liabilities:
Long term borrowing 6,597,982,971 6,221,648,676
Lease liability 14,439,865 15,134,562
Long- term payables 455,894,376 88,204,163
Provisions 12,126,358 13,050,082
Deferred income 465,083,207 430,143,830
Deferred income tax liabilities 72,044,171 80,087,910
Total non-current liabilities 7,617,570,948 6,848,269,223
Total Liabilities 17,366,352,217 15,825,351,143
Owners' equity:
Share capital 3,070,692,107 3,070,692,107
Capital reserve 590,739,414 590,739,414
Other comprehensive income 176,798,167 177,384,471
Special reserves 3,347,163 1,411,139
Surplus reserve 1,404,063,298 1,404,063,298
Undistributed profit 8,825,326,495 8,806,549,788
Total owner's equity attributable to the 14,070,966,644 14,050,840,217
parent company
Minority shareholders' equity 472,293,832 485,865,952
Total owner's equity 14,543,260,476 14,536,706,169
Total Liabilities and Owner's Equity 31,909,612,693 30,362,057,312
Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin
2. Consolidated income statement from the beginning of the year to the end of the report period
Unit: RMB
Item Balance of this period Balance of last period
I. Total operating income 11,836,882,741 13,479,933,172
Including: operating income 11,836,882,741 13,479,933,172
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CSG HOLDING CO., LTD. The T hird Quarter Report 2024
II. Total operating costs 11,129,310,130 11,986,880,573
Including: Operating costs 9,579,246,755 10,411,924,063
Taxes and surcharges 103,202,022 119,629,477
sales expense 218,271,462 227,015,823
Management costs 604,663,531 566,835,376
R&D expenses 492,247,639 547,735,584
Financial expenses 131,678,721 113,740,250
Including: interest expense 175,763,557 168,803,141
Interest income 43,019,119 59,319,450
Plus: other income 163,689,941 89,046,515
Investment income (“-” for loss) -3,501,978 -6,890,163
Credit impairment loss (“-” for loss) 9,214,780 -18,898,917
Asset impairment loss (“-” for loss) -73,432,355 -84,232
Asset disposal income (“-” for loss) 4,265,283 76,520
III. Operating profit (“-” for loss) 807,808,282 1,556,302,322
Plus: non-operating income 6,367,897 13,420,148
Less: non-operating expenses 8,353,921 1,048,888
IV. Gross profit (“-” for loss) 805,822,258 1,568,673,582
Less: Income tax expenses 32,944,644 112,486,716
V. Net profit (“-” for net loss) 772,877,614 1,456,186,866
(I) Classification by business continuity
1. Net profit from continuing operations (“-” for net loss) 772,877,614 1,456,186,866
(II) )Classification by ownership
1. Net profit attributable to the owners of parent company(“-” 786,449,734 1,466,672,010
for net loss)
2. Minor shareholders’ equity(“-” for net loss) -13,572,120 -10,485,144
VI. Net amount of other gains after tax -586,304 9,139,505
Net amount of other gains after tax attributable to owners of -586,304 9,139,505
company
parent(I)Other comprehensive income that will be reclassified into
-586,304 9,139,505
profit or loss
1. Foreign currency financial statement translation difference -586,304 9,139,505
VII. Total comprehensive incomes 772,291,310 1,465,326,371
(I)Total comprehensive incomes attributable to the owners of 785,863,430 1,475,811,515
(II) company
the parentTotal comprehensive incomes attributable to the minor
-13,572,120 -10,485,144
shareholders
VIII. Earnings per share:
(I) Basic earnings per share 0.26 0.48
(II) Diluted earnings per share 0.26 0.48
Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin
3. Consolidated cash flow statement from the beginning of the year to the end of the report period
Unit: RMB
Item Balance of this period Balance of last period
I. Net cash flow from business operation
Cash received from sales of products and providing of services 12,544,628,953 12,804,613,983
Tax returned 33,479,348 142,833,477
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CSG HOLDING CO., LTD. The T hird Quarter Report 2024
Other cash received from business operation 195,290,801 241,778,916
Sub-total of cash inflow from business activities 12,773,399,102 13,189,226,376
Cash paid for purchasing of merchandise and services 8,796,586,514 8,894,605,626
Cash paid to staffs or paid for staffs 1,696,953,881 1,639,320,393
Taxes paid 514,942,141 723,844,134
Other cash paid for business activities 412,088,852 307,209,951
Sub-total of cash outflow from business activities 11,420,571,388 11,564,980,104
Net cash flow generated by business operation 1,352,827,714 1,624,246,272
II. Cash flow generated by investing
Cash received from investment recovery 262,800,000 20,000,000
Cash received from investment income 5,760,233 1,151,742
Net cash retrieved from disposal of fixed assets, intangible 22,364,672 330,178
assets, and other long-term assets
Other investment-related cash received 37,246,122
Sub-total of cash inflow due to investment activities 290,924,905 58,728,042
Cash paid for construction of fixed assets, intangible assets and 1,852,370,153 3,356,862,925
other long-term assets
Cash paid for investment 169,254,000 20,000,000
Obtain net cash payments from subsidiaries and other operating 696,000
units
Other cash paid for investment activities 33,644,589
Sub-total of cash outflow due to investment activities 2,055,268,742 3,377,558,925
Net cash flow generated by investment -1,764,343,837 -3,318,830,883
III. Cash flow generated by financing
Absorb cash received from investment 68,000,000
Including: cash received by the subsidiary from absorbing 68,000,000
minority shareholders' investment
Cash received as loans 2,632,768,993 2,766,410,839
Other financing-related cash received 458,231,000 12,000,000
Subtotal of cash inflow from financing activities 3,090,999,993 2,846,410,839
Cash to repay debts 1,602,050,543 2,430,592,680
Cash paid as dividend, profit, or interests 977,850,781 748,477,707
Other cash paid for financing activities 103,595,003 46,582,943
Subtotal of cash outflow due to financing activities 2,683,496,327 3,225,653,330
Net cash flow generated by financing 407,503,666 -379,242,491
IV. Influence of exchange rate alternation on cash and cash 5,518,632 5,115,862
equivalents
V. Net increase of cash and cash equivalents 1,506,175 -2,068,711,240
Plus: Balance of cash and cash equivalents at the beginning of 3,051,261,655 4,594,018,251
term
VI. Balance of cash and cash equivalents at the end of term 3,052,767,830 2,525,307,011
Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin
（II）Implementation of new accounting standards for the first time starting from 2024,
and adjustment of the relevant items in the financial statements at the beginning of the year
for the first implementation
□Applicable √Not applicable
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CSG HOLDING CO., LTD. The T hird Quarter Report 2024
(III) Report of the Auditors
Whether the Third Quarter Report has been audited or not
□ Yes √ No
The Third Quarter Report hasn’t been audited.
Board of Directors of
CSG Holding Co., Ltd.
30 October 2024
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