Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
Stock code: 000058, 200058 Stock abbreviation: SHEN SEG , SHEN SEG B Notice No.: 2024-052
Shenzhen SEG Co., Ltd.
The Third Quarterly Report for 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 false records, misleading statements or material omissions.
Important Notice:
1. The Board of Directors, the Board of Supervisors, Directors, Supervisors and senior management guarantee that the quarterly
report is true, accurate and complete, without any false records, misleading statements or material omissions, and that they assume
individual and joint legal responsibility.
2. The person in charge of the Company, head of accounting work and head of accounting institution (accounting officer in charge)
declare that they guarantee the truthfulness, accuracy and completeness of the financial information in the quarterly report.
3. Whether the Third Quarterly Report has been audited
□ Yes No
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
I. Main Financial Data
(I) Main accounting data and financial indicators
Whether the Company needs to perform retrospective adjustment or restatement of accounting data for the previous years
□ Yes No
Changes over the same Beginning of the year Changes over the same
Current period period of the previous to end of the current period of the previous
year period year
Operating income (RMB) 441,574,388.36 -0.09% 1,243,637,571.71 -9.98%
Net profit attributable to
shareholders of the listed -12,803,265.02 -636.00% 38,126,457.05 -72.91%
company (RMB)
Net profit attributable to
shareholders of the listed
company after deducting -11,396,664.68 -718.12% 41,364,068.32 -37.85%
non-recurring profit and
loss (RMB)
Net cash flow from
operating activities —— —— 56,115,225.68 -38.65%
(RMB)
Basic earnings per share
-0.0104 -647.37% 0.0310 -72.88%
(RMB/share)
Diluted earnings per share
-0.0104 -647.37% 0.0310 -72.88%
(RMB/share)
Weighted average ROE -0.61% -0.74% 1.90% -5.16%
End of the current End of the previous
Changes over end of the previous year
period year
Total assets (RMB) 5,070,950,787.59 5,380,146,949.27 -5.75%
Owner's equity
attributable to
2,007,241,443.00 2,006,490,243.66 0.04%
shareholders of the listed
company (RMB)
(II) Non-recurring items and amounts
Applicable □ Not applicable
Unit: RMB
Amount from beginning of
Item Amount of the current period the year to end of the current Description
period
Profits or losses from the
disposal of non-current assets
(including the write-off that -2,532.52 -109,380.06
accrued for impairment of
assets)
Governmental subsidies
454,413.15 1,359,245.39
included in the current profits
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
and losses (the subsidies that
are closely related to the
Company's normal operating
business, that conform to the
national policies and are
enjoyed in accordance with
certain determined standards,
excluding the subsidies that
impose a sustained impact on
the Company's profit or loss)
Profits/losses from assets
entrusted to others for 466,552.86 1,691,693.79
investment or management
Trustee fee from entrusted
36,056.90 105,063.40
operations
Other non-operating income
and expense except for the -3,099,551.13 -7,095,342.08
above items
Other profit and loss items
that qualify the definition of -39,651.50 102,148.50
non-recurring profit and loss
Less: Affected income tax -12,015.39 325,381.78
Affected minority equity
-766,096.51 -1,034,341.57
(after-tax)
Total -1,406,600.34 -3,237,611.27 --
Details of other profit and loss items that qualify the definition of non-recurring profit and loss:
Applicable □ Not applicable
For investment income calculated through the equity method, the Company discloses the non-recurring profit and loss of Huakong
SEG Co., Ltd. enjoyed based on shareholding as its non-recurring profit and loss.
Descriptions that the Company defines any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on
Information Disclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and loss
items during the reporting period
Applicable □ Not applicable
Item Amount (RMB) Reason
Additional input VAT credits deduction Comply with national policies and
508,691.94
and exemption regulations and occur continuously
Handling fee refund for withholding Comply with national policies and
191,901.96
individual income tax regulations and occur continuously
(III) Changes of main accounting data and financial indicators and reasons for the changes
Applicable □ Not applicable
(I) Consolidated balance sheet
Unit: RMB
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
Changes
Closing Opening
Item Difference over the Reason for the difference
balance balance
period
Mainly owing to the Company’s
Financial assets held
84,483,537.80 52,779,414.11 31,704,123.69 60.07% purchase of wealth management
for trading
products
Mainly owing to the Company's
purchase of photovoltaic modules
Prepayments 17,764,606.03 3,706,720.47 14,057,885.56 379.25% and other materials and hence the
increase in prepayments compared
with the beginning of the year
Mainly owing to the fact that some
of the Company's EPC projects
Contract assets 7,573,030.78 13,174,295.92 -5,601,265.14 -42.52% reached settlement conditions and
were carried forward to contract
assets
Mainly owing to the withdrawal of
Non-current assets
- 83,165,555.49 -83,165,555.49 -100.00% large-denomination Certificate of
due within one year
Deposit
Long-term Mainly owing to the recovery of part
2,090,488.75 5,610,026.78 -3,519,538.03 -62.74%
receivables of the lease deposit
Mainly owing to the Company's
Construction in increased investment in the
56,558,814.78 21,296,613.06 35,262,201.72 165.58%
process construction of distributed power
stations
Mainly owing to the fact that the
Company made investment in some
distributed PV power stations before
Other non-current
981,794.75 1,832,754.30 -850,959.55 -46.43% the start of construction, which were
assets
transferred from this account to the
construction in progress after the
start of the project
Mainly owing to the Company's
Short-term loans 24,704,861.11 225,284,861.11 -200,580,000.00 -89.03%
repayment of part of bank loans
Mainly owing to the Company's
Employee benefits
94,262,236.24 143,535,971.66 -49,273,735.42 -34.33% payment of provisioned employee
payable
benefits in the current period
Mainly owing to the fact that the
Dividends payable 17,965,281.77 28,281,997.08 -10,316,715.31 -36.48% affiliates of the Company paid part
of dividends in the current period
Other current Mainly owing to the increase in
8,247,073.08 6,244,057.44 2,003,015.64 32.08%
liabilities output tax pending carryforward
(II) Consolidated income statement
Unit: RMB
Changes
Amount of the over the
same period same
Amount of the
Item of the Difference period of Reason for the difference
current period
previous year the
previous
year
Mainly owing to the Company's provision of
Taxes and
21,282,315.47 41,444,851.54 -20,162,536.07 -48.65% land VAT in the same period of the previous
surcharges
year
Other Mainly owing to the decrease in government
2,065,640.06 3,771,408.82 -1,705,768.76 -45.23%
income subsidy received in the current period
Mainly owing to the Company's
confirmation of the investment income
Investment
-8,727,945.05 56,477,073.82 -65,205,018.87 -115.45% arising from Huakong SEG's transfer of
income
equity it held in its subsidiary based on the
equity method in the same period of the
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
previous year; there was no such item in the
current period
Credit Mainly owing to the increase in Company's
impairment -1,412,504.51 453,088.93 -1,865,593.44 -411.75% accounts receivable compared with the same
loss period of the previous year
Mainly owing to the fact that the Company
made inventory impairment provision for
Asset some projects in the first three quarters of
impairment -63,011,221.10 - -63,011,221.10 / 2024 after performing an impairment test for
loss inventories according to the Accounting
Standards for Business Enterprises and
other relevant regulations
Non-
Mainly owing to the year-on-year increase in
operating 9,752,732.90 1,999,117.41 7,753,615.49 387.85%
non-operating expenses such as late fees
expense
(III) Consolidated cash flow statement
Unit: RMB
Changes
over the
Amount of the
Amount of the same period
Item same period of the Difference Reason for the difference
current period of the
previous year
previous
year
Mainly owing to the year-on-year
Net cash flows decrease in the number of
from operating 56,115,225.68 91,466,033.14 -35,350,807.46 -38.65% property management projects and
activities hence the decrease in cash flow
from operating activities
Mainly owing to the Company’s
Net cash flows
increased investment in the
from investing -29,172,189.38 -18,676,435.42 -10,495,753.96 -56.20%
construction of distributed power
activities
stations
Mainly owing to the decrease in
Net cash flows the Company's financing scale, the
from financing -330,676,879.46 -88,648,326.36 -242,028,553.10 -273.02% decrease in obtained bank loans,
activities and the increase in the repayment
of bank loans in the current period
Mainly owing to the decrease in
Net increase in net cash flows generated from
cash and cash -303,733,843.16 -15,858,728.64 -287,875,114.52 -1815.25% operating activities, investing
equivalents activities and financing activities
in the current period
II. Shareholder Information
(I) Total number of ordinary shareholders, number of preferred shareholders whose voting rights were
resumed and shareholdings of top 10 shareholders
Unit: Share
Total number of preferred shareholders whose
Total number of ordinary shareholders at
67,087 voting rights were resumed at the end of the 0
the end of the reporting period
reporting period (if any)
Shareholdings of top 10 shareholders (excluding shares lent through margin securities loan)
Shareho Pledged, marked or frozen
Number of
Nature of lding Number of
Name of shareholder restricted
shareholder percenta shares Share status Number
shares
ge (%)
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
Shenzhen SEG Group Co., State-owned
56.54% 696,163,182 0 Not applicable 0
Ltd. legal person
Hong Kong Securities Foreign
1.13% 13,891,564 0 Not applicable 0
Clearing Co., Ltd. legal person
Domestic
Liu Guocheng natural 0.62% 7,612,602 0 Not applicable 0
person
Foreign
LISHERYNZHANMING natural 0.57% 7,028,200 0 Not applicable 0
person
Domestic
Liu Guohong natural 0.31% 3,861,446 0 Not applicable 0
person
China Merchants Bank —
Southern Asset
Others 0.27% 3,267,200 0 Not applicable 0
Management CSI Smallcap
1000 ETF
Foreign
Gong Qianhua natural 0.24% 2,940,000 0 Not applicable 0
person
Domestic
Lu Xiaowang natural 0.19% 2,292,100 0 Not applicable 0
person
China International Capital State-owned
0.18% 2,191,422 0 Not applicable 0
Corporation Limited legal person
Domestic
Wang Jinjun natural 0.17% 2,100,000 0 Not applicable 0
person
Shareholdings of top 10 shareholders (excluding shares lent through margin securities loan and lock-up shares of senior
management)
Type of shares and amount
Name of shareholder Number of unrestricted shares
Type Number
RMB-denominated
Shenzhen SEG Group Co., Ltd. 696,163,182 696,163,182
ordinary shares
RMB-denominated
Hong Kong Securities Clearing Co., Ltd. 13,891,564 13,891,564
ordinary shares
Domestic listed
Liu Guocheng 7,612,602 7,612,602
foreign shares
Domestic listed
LISHERYNZHANMING 7,028,200 7,028,200
foreign shares
Domestic listed
Liu Guohong 3,861,446 3,861,446
foreign shares
China Merchants Bank — Southern Asset RMB-denominated
3,267,200 3,267,200
Management CSI Smallcap 1000 ETF ordinary shares
Domestic listed
Gong Qianhua 2,940,000 2,940,000
foreign shares
RMB-denominated
Lu Xiaowang 2,292,100 2,292,100
ordinary shares
China International Capital Corporation RMB-denominated
2,191,422 2,191,422
Limited ordinary shares
Domestic listed
Wang Jinjun 2,100,000 2,100,000
foreign shares
There is no related party relationship between SEG Group and other
Description on the related relationship or persons shareholders, nor are they persons acting in concert as stipulated in the
acting-in-concert arrangements among the above 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.
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
Description on the top 10 shareholders’ participation in
None
margin trading and securities lending business (if any)
Participation of margin securities loan by shareholders holding more than 5% of total shares, top 10 shareholders, and top 10
shareholders without selling restrictions
□ Applicable Not applicable
Changes of top 10 shareholders and top 10 shareholders without selling restrictions over the previous period due to the lending or
return of shares lent through margin securities loan
Applicable □ Not applicable
Unit: Share
Changes of top 10 shareholders and top 10 shareholders without selling restrictions over the previous period due to the lending or
return of shares lent through margin securities loan
Shares lent through margin Number of shares held in shareholders’
New securities loan and not yet general accounts and credit accounts and
entry/with returned at the end of the shares lent through margin securities loan and
Name of shareholder (full name) drawal in period not yet returned at the end of the period
the current Proportion to
period Proportion to total
Total total share Total
share capital
capital
China Merchants Bank —
Southern Asset Management CSI New entry 0 0.00% 3,267,200 0.27%
Smallcap 1000 ETF
China International Capital
New entry 0 0.00% 2,191,422 0.18%
Corporation Limited
(II) Total number of preferred shareholders and shareholdings of top 10 preferred shareholders
□ Applicable Not applicable
III. Other Significant Events
Applicable □ Not applicable
Overview Date of disclosure Query index of interim report disclosure website
1. Semi-annual Performance The Semi-annual Performance Forecast for 2024 released on Juchao
July 10, 2024
Forecast for 2024 Website (http://www.cninfo.com.cn/)
The Notice on the Progress of Litigations Involving Holding Second-
2. Litigations involving holding
August 08, 2024 tier Subsidiaries as released on Juchao Website
second-tier subsidiary
(http://www.cninfo.com.cn/)
The Notice on Resolutions of the 11th Meeting of 8th BOD and the
August 28, 2024 Announcement on the Continued Engagement of the Auditing Agency
3. Continued engagement of the in 2024 released on Juchao Website (http://www.cninfo.com.cn/)
auditing agency in 2024
The Notice on Resolution of the 3rd Interim General Meeting in 2024
September 14, 2024
released on Juchao Website (http://www.cninfo.com.cn/)
4. Purchase of liability insurance The Notice on the Resolution of the 11th Meeting of the 8th Board of
August 28, 2024
for directors, supervisors and Directors released on Juchao Website (http://www.cninfo.com.cn/)
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
senior executives
The Notice on Resolution of the 3rd Interim General Meeting in 2024
September 14, 2024
released on Juchao Website (http://www.cninfo.com.cn/)
The Notice on Abnormal Fluctuations in Stock Trading released on
September 05, 2024
Juchao Website (http://www.cninfo.com.cn/)
5. Abnormal fluctuations in
stock trading
The Notice on Abnormal Fluctuations in Stock Trading released on
September 13, 2024
Juchao Website (http://www.cninfo.com.cn/)
The Notice on the Performance of Guarantee Responsibilities by
6. Guarantees involving holding
September 27, 2024 Holding Subsidiary released on Juchao Website
subsidiaries
(http://www.cninfo.com.cn/)
IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Shenzhen SEG Co., Ltd.
September 30, 2024
Unit: RMB
Item Closing balance Opening balance
Current assets:
Monetary funds 869,956,961.82 1,166,956,285.34
Settlement reserve
Lending funds
Financial assets held for trading 84,483,537.80 52,779,414.11
Derivative financial assets
Notes receivable 8,647,381.02 12,063,057.15
Accounts receivable 367,494,103.83 302,691,765.12
Accounts receivable financing 1,072,964.85 1,337,973.85
Prepayments 17,764,606.03 3,706,720.47
Premiums receivable
Reinsurance premiums receivable
Reinsurance contract reserves
receivable
Other receivables 81,939,352.34 77,657,467.60
Including: Interests receivable
Dividends receivable
Financial assets purchased under
agreements to resell
Inventory 1,571,608,671.00 1,606,158,355.62
Including: Data resources
Contract assets 7,573,030.78 13,174,295.92
Assets held for sale
Non-current assets due within one year 83,165,555.49
Other current assets 78,632,435.28 61,400,766.70
Total current assets 3,089,173,044.75 3,381,091,657.37
Non-current assets:
Loans and advances
Debt investments
Other debt investments
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
Long-term receivables 2,090,488.75 5,610,026.78
Long-term equity investments 259,030,903.75 269,650,542.59
Investment in other equity instruments 27,659,179.54 28,084,268.75
Other non-current financial assets
Investment properties 882,988,645.79 926,114,596.02
Property, plant and equipment 360,500,772.00 345,919,556.12
Construction in progress 56,558,814.78 21,296,613.06
Productive biological assets
Oil & gas assets
Right-of-use assets 190,220,219.03 200,363,550.54
Intangible assets 19,626,174.79 20,954,525.45
Including: Data resources
Development expenses
Including: Data resources
Goodwill 68,855,697.76 68,855,697.76
Long-term deferred expenses 30,975,470.77 30,446,353.63
Deferred tax assets 82,289,581.13 79,926,806.90
Other non-current assets 981,794.75 1,832,754.30
Total non-current assets 1,981,777,742.84 1,999,055,291.90
Total assets 5,070,950,787.59 5,380,146,949.27
Current liabilities:
Short-term loans 24,704,861.11 225,284,861.11
Borrowings from central bank
Placements from banks and other
financial institutions
Financial liabilities held for trading
Derivative financial liabilities
Notes payable
Accounts payable 444,534,052.65 451,943,075.48
Prepayments 130,878,838.11 146,671,712.58
Contract liabilities 22,229,861.85 28,930,290.52
Financial assets sold under agreements
to repurchase
Deposits from customers and
interbank
Funds from securities trading agency
Funds from securities underwriting
agency
Employee benefits payable 94,262,236.24 143,535,971.66
Taxes payable 172,536,809.61 177,529,281.44
Other payables 863,719,784.70 857,784,084.40
Including: Interests payable
Dividends payable 17,965,281.77 28,281,997.08
Service charges and commissions
payable
Reinsurance premiums payable
Liabilities held for sale
Non-current liabilities due within one
110,506,908.29 107,940,591.09
year
Other current liabilities 8,247,073.08 6,244,057.44
Total current liabilities 1,871,620,425.64 2,145,863,925.72
Non-current liabilities:
Insurance contract reserves
Long-term loans 508,545,608.84 519,380,201.10
Bonds payable
Including: Preference shares
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
Perpetual bonds
Lease liabilities 154,000,598.37 161,296,418.84
Long-term payables 2,820,812.28 3,490,890.53
Long-term employee benefits payable
Provision 34,730,903.10 34,844,103.10
Deferred income 520,824.01 562,703.98
Deferred tax liabilities 9,666,075.08 9,973,820.93
Other non-current liabilities
Total non-current liabilities 710,284,821.68 729,548,138.48
Total liabilities 2,581,905,247.32 2,875,412,064.20
Owner's equity:
Share capital 1,231,200,672.00 1,231,200,672.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserve 165,950,347.39 165,950,347.39
Less: Treasury shares
Other comprehensive income -4,735,538.71 -4,424,250.62
Special reserves
Surplus reserves 194,165,563.17 194,165,563.17
General risk reserves
Retained earnings 420,660,399.15 419,597,911.72
Total equity attributable to owners of the
2,007,241,443.00 2,006,490,243.66
parent company
Equities of minority shareholders 481,804,097.27 498,244,641.41
Total owner's equity 2,489,045,540.27 2,504,734,885.07
Total liabilities and owners’ equity 5,070,950,787.59 5,380,146,949.27
Legal representative: Zhang Liang Head of accounting work: Xiao Jun Head of accounting institution: Xu Zhongyang
2. Consolidated income statement from beginning of the year to end of the reporting period
Unit: RMB
Item Amount incurred in the current period Amount incurred in the prior period
I. Total Operating Income 1,243,637,571.71 1,381,458,062.21
Including: Operating income 1,243,637,571.71 1,381,458,062.21
Interest income
Insurance premiums earned
Service charge and
commission income
II. Total Operating Cost 1,064,996,098.80 1,206,731,744.95
Including: Operating cost 932,432,209.66 1,048,547,609.95
Interest expense
Service charge and
commission expense
Surrender value
Net benefit payments
Net insurance liability reserves
Policy dividends
Reinsurance expenses
Taxes and surcharges 21,282,315.47 41,444,851.54
Selling expenses 16,137,455.29 17,083,612.41
Administrative expenses 64,699,911.77 73,699,075.55
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
R&D expenses 8,866,770.04 7,872,260.89
Finance expenses 21,577,436.57 18,084,334.61
Including: Interest fees 23,790,126.57 22,826,979.17
Interest income 9,713,292.50 13,178,477.38
Plus: Other income 2,065,640.06 3,771,408.82
Return on investment ("-"
-8,727,945.05 56,477,073.82
indicates loss)
Including: Return on
investment in associates and joint -10,419,638.84 53,791,022.39
ventures
Income from the
derecognition of financial assets
measured at amortized cost
Exchange gains ("-" indicates
loss)
Gains from net exposure hedging
("-" indicates loss)
Gains from changes in fair value
("-" indicates loss)
Credit impairment losses ("-"
-1,412,504.51 453,088.93
indicates loss)
Asset impairment losses ("-"
-63,011,221.10
indicates loss)
Gains from disposal of assets ("-"
indicates loss)
III. Operating Profit ("-" indicates loss) 107,555,442.31 235,427,888.83
Plus: Non-operating income 2,548,010.76 2,100,766.96
Less: Non-operating expenses 9,752,732.90 1,999,117.41
IV. Total Profit ("-" indicates total loss) 100,350,720.17 235,529,538.38
Less: Income tax expense 52,893,630.27 55,704,413.16
V. Net Profit ("-" indicates net loss) 47,457,089.90 179,825,125.22
i. Classified by operation sustainability
1. Net profit from continued
47,457,089.90 179,825,125.22
operation ("-" indicates net loss)
2. Net profit from discontinued
operation ("-" indicates net loss)
ii. Classified by attribution of
ownership
1. Net profit attributable to
shareholders of the parent company ("-" 38,126,457.05 140,757,825.46
indicates net loss)
2. Minority shareholders' profits and
9,330,632.85 39,067,299.76
losses ("-" indicates net loss)
VI. Net Amount of Other Comprehensive
-321,326.52 -26,852.22
Income after Tax
Total other comprehensive after-tax
net income attributable to owners of the -311,288.09 -17,878.21
parent company
i. Other comprehensive income not
-311,288.09 -17,878.21
able to be reclassified into profit or loss
1. Changes of remeasurement of
defined benefit plan
2. Other comprehensive income
11
Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
that cannot be transferred into profit or
loss under equity method
3. Changes in fair value of other
-311,288.09 -17,878.21
debt investments
4. Changes in fair value of credit
risk of the enterprise
5. Others
ii. Other comprehensive income
reclassified into profit or loss
1. Other comprehensive income
to be transferred into profit or loss under
equity method
2. Changes in fair value of other
debt investments
3. Financial assets reclassified
into other comprehensive income
4. Credit loss provision of
investment in other debt investments
5. Reserve of cash flow hedge
6. Converted difference in foreign
currency financial statements
7. Others
Total other comprehensive after-tax
net income attributable to minority -10,038.43 -8,974.01
shareholders
VII. Total Comprehensive Income 47,135,763.38 179,798,273.00
(I) Total comprehensive income
attributable to owners of the parent 37,815,168.96 140,739,947.25
company
(II) Total comprehensive income
9,320,594.42 39,058,325.75
attributable to minority shareholders
VIII. Earnings per Share:
i. Basic earnings per share 0.0310 0.1143
ii. Diluted earnings per share 0.0310 0.1143
For business combinations of the current period under common control, the net profit realized by the combined party before the
combination was RMB0.00; the net profit realized by the combined party in last period was RMB0.00.
Legal representative: Zhang Liang Head of accounting work: Xiao Jun Head of accounting institution: Xu Zhongyang
3. Consolidated cash flow statement from beginning of the year to end of the reporting period
Unit: RMB
Item Amount incurred in the current period Amount incurred in the prior period
I. Cash Flows from Operating Activities:
Cash received from sale of goods or
1,259,562,650.27 1,373,755,422.38
rendering of services
Net increase in deposits from
customers, banks and non-bank financial
institutions
Net increase in borrowings from
central bank
Net increase in placements from other
financial institutions
Cash received from premiums of
direct insurance contracts
Net cash from reinsurance business
12
Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
Net increase in policyholder deposits
and investment funds
Cash received from interests, service
charges and commissions
Net increase in placements from banks
and other financial institutions
Net increase in repo service fund
Net cash from agent securities trading
Tax rebates 419,112.13 1,195,824.19
Cash received related to other
165,613,301.18 180,041,727.39
operating activities
Subtotal of cash inflow from operating
1,425,595,063.58 1,554,992,973.96
activities
Cash paid for goods purchased and
477,070,457.45 549,641,919.99
services rendered
Net loans and advances to customers
Net increase in deposits with the
central bank, banks and non-bank
financial institutions
Cash paid for claims of direct
insurance contracts
Net increase in placements with banks
and non-bank financial institutions
Cash paid for interests, fees and
commissions
Cash paid for policy dividends
Cash paid to and on behalf of
496,501,038.88 520,892,032.87
employees
Tax payments 139,761,459.46 145,439,775.98
Cash paid related to other operating
256,146,882.11 247,553,211.98
activities
Subtotal of cash outflow from operating
1,369,479,837.90 1,463,526,940.82
activities
Net cash flows from operating activities 56,115,225.68 91,466,033.14
II. Cash Flows from Investing Activities:
Cash received from recovery of
325,700,852.31 164,543,982.00
investment
Cash received from return on
5,939,495.57 2,583,764.37
investments
Net cash received from the disposal of
property, plant and equipment, intangible 3,138.00 2,342.00
assets, and other long-lived assets
Net cash received from the disposal of
subsidiaries and other business entities
Cash received related to other
investing activities
Subtotal of cash inflow from investing
331,643,485.88 167,130,088.37
activities
Cash paid for the acquisition and
construction of property, plant and
83,315,675.26 55,306,523.79
equipment, intangible assets, and other
long-lived assets
Cash paid for investments 277,500,000.00 130,500,000.00
Net increase in pledged loans
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
Net cash paid for acquisition of
subsidiaries and other business entities
Cash paid related to other investing
activities
Subtotal of cash outflow from investing
360,815,675.26 185,806,523.79
activities
Net cash flows from investing activities -29,172,189.38 -18,676,435.42
III. Cash Flows from Financing
Activities:
Cash received from capital
contribution
Including: Proceeds received by
subsidiaries from minority shareholders'
investment
Cash received from borrowings 49,439,380.66 148,231,372.68
Cash received related to other
financing activities
Subtotal of cash inflow from financing
49,439,380.66 148,231,372.68
activities
Cash paid for repayments of
262,115,114.38 151,123,960.60
borrowings
Cash paid for interest expenses and
90,620,849.07 59,025,174.32
distribution of dividends or profits
Including: Dividend and profit paid
33,929,179.86 24,702,873.14
by subsidiaries to minority shareholders
Cash paid related to other financing
27,380,296.67 26,730,564.12
activities
Subtotal of cash outflow from financing
380,116,260.12 236,879,699.04
activities
Net cash flows from financing activities -330,676,879.46 -88,648,326.36
IV. Effect of Exchange Rate Changes on
Cash and Cash Equivalents
V. Net Increase in Cash and Cash
-303,733,843.16 -15,858,728.64
Equivalents
Plus: Opening balance of cash and
1,159,389,480.62 987,118,254.44
cash equivalents
VI. Closing Balance of Cash and Cash
855,655,637.46 971,259,525.80
Equivalents
(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
2024
□ Applicable Not applicable
(III) Report auditing
Whether the Third Quarterly Report has been audited
□ Yes No
The Third Quarterly Report of the Company has not been audited.
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Third Quarterly Report for 2024, Shenzhen SEG Co., Ltd.
Board of Directors of Shenzhen SEG Co., Ltd.
October 30, 2024
15