Abstract of 2024 Annual Report of Shenzhen SEG Co., Ltd.
Stock code: 000058, 200058 Stock abbreviation: SHEN SEG A, SHEN SEG B Notice No.: 2025-015
Abstract of 2024 Annual Report of
Shenzhen SEG Co., Ltd.
I. Important Notice
The abstract of 2024 Annual Report is excerpted from the full text of 2024 Annual Report. For more details about the
operating result, financial condition, and future development planning, investors shall read carefully the said full text published on
the designated media by China Securities Regulatory Commission (CSRC).
All directors of the Company attended the Board meeting on which this report was reviewed.
Notice of non-standard audit opinions
□ Applicable Not applicable
Proposal for profit distribution of common shares or proposal for transfer of capital reserves into share capital during the
reporting period deliberated by the Board of Directors
Applicable □ Not applicable
Whether capital reserve is transferred into share capital
□ Yes No
The Board meeting has deliberated and approved the following profit distribution proposal: Distribute a cash dividend of
RMB0.1250 (tax inclusive) for every 10 shares to all shareholders based on a total share capital of 1,231,200,672 shares; no bonus
shares will be issued and no capital reserve will be converted into share capital.
Proposal for profit distribution of preferred shares in the reporting period adopted in the resolution of the Board of Directors
□ Applicable Not applicable
II. Company Profile
1. Basic Information
Stock abbreviation SHEN SEG, SHEN SEG B Stock code 000058, 200058
Stock exchange on which the
Shenzhen Stock Exchange
shares are listed
Stock abbreviation before
None
change (if any)
Contact person and contact
Board Secretary Representative of Securities Affairs
information
Name Xiao Jun Xiang Qianqian
31/F, Tower A, Stars Plaza, Huaqiang Road 31/F, Tower A, Stars Plaza, Huaqiang Road
Office address
(N), Futian District, Shenzhen (N), Futian District, Shenzhen
Fax 0755-83975237 0755-83975237
Tel 0755-83747939 0755-83741808
Email segcl@segcl.com.cn xiangqq@segcl.com.cn
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Abstract of 2024 Annual Report of Shenzhen SEG Co., Ltd.
2. Profile of Main Business or Products During the Reporting Period
Main businesses of the Company included electronic market circulation business centered on electronic specialized market
and communication market and, the urban services with property operation and management services as the core, the new energy
business centered on photovoltaic power generation, integrated energy management, and photovoltaic building integration, and the
inspection, testing and certification business centered on the research and development, production and manufacturing of test
equipment, as well as environmental and reliability comprehensive testing services.
In 2024, Adhering to the "14th Five-Year Plan" development strategy as the guide, the Company continued to consolidate and
develop the two major installed businesses of electronic market circulation + property management and urban services, while
focusing on the two core incremental businesses of new energy applications + research and development, manufacturing and
services of testing equipment. It has built an industrial operation headquarters with strong resource integration and control
capabilities, thus laying the foundation for the development of strategic emerging industries and gradually releasing the brand and
service advantages of Shenzhen SEG. By continuously optimizing internal management, tapping potential and increasing
effectiveness, improving operating efficiency, and consolidating the advantages of the main business, the Company has deepened
brand building and achieved high-quality development.
(1) Electronic market circulation
The Company's electronic market circulation business covers two major brands, SEG E-Market and SEG Communication
Market. Under this business model, the Company controlled, held, held the shares of, and operated under authorization more than
20 companies. Wherein, the Company mainly held the following electronic markets: Shenzhen SEG E-Market, SEG
Communication Market, Longgang SEG, Shunde SEG, Changsha SEG, Wujiang SEG, Xi'an SEG, Xi'an Hairong SEG, etc.
During the reporting period, the Company continued to strengthen and steadily implemented the "e-market +" strategic plan.
Firstly, by optimizing the market business environment, strengthening differentiated and refined management, and improving
service quality, the Company continuously improved the soft power and added value of the markets, enhanced merchant stickiness
to stabilized the merchant base, and consolidated the installed business. Secondly, the Company continued to deepen the
advantageous formats of markets and give play to the agglomeration effect of formats in subdivided fields, so as to create a
professional and concentrated distribution center for electronic and supporting products and consolidate its position in the industry.
Thirdly, the Company continuously paid attention to industry development trends and hot spots, grasped market demands, adjusted
business strategies in a timely manner, optimized the structure and layout of store formats, and cultivated new formats to adapt to
the ever-changing market environment. This will help promote market transformation and development, and achieve efficiency
improvement.
(2) Property management and urban services
During the reporting period, the Company insisted on being customer-centric, striving to meet the needs and improve the
satisfaction of customers, and continuously consolidating advantageous areas and core competitiveness. Firstly, the Company built
a high-quality service standard system. After deeply understanding customer needs and expectations, the Company designed
service products, optimized service content, improved service quality, launched special services, and enhanced customer
experience, striving to provide customers with customized property management services and create benchmark demonstration
projects. Secondly, the Company gave full play to own resources and brand advantages, flexibly responded to market changes,
coordinated internally and externally, and expanded new formats such as urban renewal, commercial complex renovation, tourist
attractions, and rail transit. Thirdly, the Company followed the market development trend, seized policy opportunities, and carried
out value-added services such as installing elevators and renovating old residential areas. It continued to expand business
boundaries, build a diversified profit model, and enhance risk resistance. Fourthly, the Company insisted on innovative
development, introduced smart property solutions, created smart property demonstration projects, and made property services
smarter and more efficient.
(3) New energy
During the reporting period, the Company, while being deeply rooted in Shenzhen, radiated across the country and deeply
cultivated the regional markets of South China, Northeast China, North China, and East China. It steadily promoted the grid-
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Abstract of 2024 Annual Report of Shenzhen SEG Co., Ltd.
connected power generation of photovoltaic projects, ensured the stable operation of the business, and increased the investment
and development of distributed photovoltaic power stations. Moreover, the Company promoted the implementation of application
fields such as energy storage power stations and charging piles, and achieved significant benefits in reducing costs and increasing
efficiency for customers, saving energy and reducing emissions, obtaining carbon indicators, and creating low-carbon parks. At the
same time, the Company continued to strengthen technological innovation, increased R&D investment, developed comprehensive
energy management systems, and accelerated the implementation of projects such as energy storage power stations and charging
piles. In addition, the Company actively expanded the Building Integrated Photovoltaics (BIPV) business, combining photovoltaic
modules with building structures to create green building solutions and thus helping the construction industry achieve low-carbon
transformation.
(4) Inspection & testing certification
During the reporting period, the Company has formed an overall layout of one headquarters, four bases and more than ten
branches. It established production bases for mechanical environmental testing equipment, climate environmental testing
equipment and comprehensive environmental testing equipment in Suzhou and Chengdu. The products were widely used in
national key laboratories and laboratories in various fields. The Company set up third-party professional laboratories in Suzhou
and Shanghai, which had CNAS, CMA and other qualifications, and provided customers with services such as climate
environmental testing, mechanical environmental testing, structural strength testing, reliability testing and analysis. The
Company's business covered rail transit, ships, engineering machinery, nuclear power, wind power generation and other fields,
providing high-quality services to customers including scientific research institutes, enterprises, institutions, and universities.
3. Main Accounting Data and Financial Indexes
(1) Main accounting data and financial indexes in recent three years
Whether the Company needs to perform retrospective adjustment or restatement of accounting data for previous years
□ Yes No
Unit: RMB/yuan
Changes over end of
End of 2024 End of 2023 End of 2022
last year
Total assets 5,065,402,435.76 5,380,146,949.27 -5.85% 5,318,741,351.95
Net assets attributable to
shareholders of the listed 2,007,073,603.17 2,006,490,243.66 0.03% 1,928,217,155.45
company
Changes over last
2024 2023 2022
year
Revenue 1,711,470,295.10 1,949,065,511.09 -12.19% 1,828,803,853.48
Net profit attributable to
shareholders of the listed 37,561,269.90 90,467,495.89 -58.48% 15,776,322.05
company
Net profit attributable to
shareholders of the listed
company after deducting 24,402,351.04 -77,117,634.13 131.64% -31,661,979.02
non-recurring profit and
loss
Net cash flows from
239,470,643.15 362,448,784.71 -33.93% 222,483,347.29
operating activities
Basic earnings per share
0.0305 0.0735 -58.50% 0.0128
(Yuan/share)
Diluted earnings per share 0.0305 0.0735 -58.50% 0.0128
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Abstract of 2024 Annual Report of Shenzhen SEG Co., Ltd.
(Yuan/share)
Weighted average ROE 1.87% 4.60% -2.73% 0.81%
(2) Main accounting data by quarter
Unit: RMB/yuan
Q1 Q2 Q3 Q4
Revenue 414,161,145.61 387,902,037.74 441,574,388.36 467,832,723.39
Net profit attributable to
24,867,650.31 26,062,071.76 -12,803,265.02 -565,187.15
shareholders of the listed company
Net profit attributable to
shareholders of the listed company
24,648,777.29 28,111,955.71 -11,396,664.68 -16,961,717.28
after deducting non-recurring profit
and loss
Net cash flows from operating
-42,261,121.35 78,521,155.23 19,855,191.80 183,355,417.47
activities
Whether there are significant differences between the above-mentioned financial indicators or its total number and the relevant
financial indicators disclosed in the Company’s quarterly reports and semi-annual report
□ Yes No
4. Shareholders and Shareholder Information
(1) 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
Total ordinary Total number of
number of shareholders preferred Total number of preferred
ordinary at the end of shareholders shareholders whose voting
shareholder the month whose voting rights were resumed at the end
67,862 71,088 0 0
s at the end preceding rights were of the month preceding the
of the the resumed at the disclosure date of the annual
reporting disclosure end of the report
period date of the reporting period
annual
report
Shareholdings of top 10 shareholders (excluding shares lent through margin securities loan)
Pledged, marked or
Shareholdin frozen
Name of Nature of Number of restricted
g percentage Number of shares
shareholder shareholder shares Numb
(%) Share status
er
Shenzhen
State-owned Not
SEG Group 56.54% 696,163,182 0 0
legal person applicable
Co., Ltd.
Hong Kong
Securities Foreign legal Not
0.71% 8,701,396 0 0
Clearing person applicable
Co., Ltd.
LISHERY Foreign
Not
NZHANMI natural 0.65% 8,031,115 0 0
applicable
NG person
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Abstract of 2024 Annual Report of Shenzhen SEG Co., Ltd.
Domestic
Liu Not
natural 0.62% 7,612,602 0 0
Guocheng applicable
person
Domestic
Liu Not
natural 0.31% 3,861,446 0 0
Guohong applicable
person
Foreign
Gong Not
natural 0.24% 2,940,000 0 0
Qianhua applicable
person
China
Merchants
Bank —
Southern
Not
Asset Others 0.20% 2,442,200 0 0
applicable
Manageme
nt CSI
Smallcap
1000 ETF
Domestic
Lu Not
natural 0.18% 2,207,200 0 0
Xiaowang applicable
person
Domestic
Wang Not
natural 0.17% 2,100,000 0 0
Jinjun applicable
person
Domestic
Xu Not
natural 0.16% 2,006,900 0 0
Yueying applicable
person
Description on the related
There is no related party relationship between SEG Group and other shareholders, nor are they
relationship or persons
persons acting in concert as stipulated in the Administrative Measures on Acquisition of Listed
acting-in-concert
Companies. It is unknown to the Company whether other shareholders are related parties or
arrangements among the
persons acting in concert.
above shareholders
Description on the
shareholders’ participation
in margin trading and None
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
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Abstract of 2024 Annual Report of Shenzhen SEG Co., Ltd.
Unit: share
Participation of margin securities loan by shareholders holding more than 5% of total shares, top 10 shareholders, and top 10
shareholders without selling restrictions
Number of shares
Number of shares lent
Number of shares held Number of shares held lent through margin
through margin
through ordinary account through ordinary account securities loan and
securities loan and not
and credit account at the and credit account at the not yet returned at
Name of yet returned at the
beginning of the period end of the period the end of the
shareholder (full beginning of the period
period
name)
Proportion Proportion Proportion Proportion
to total to total to total to total
Total Total Total Total
share share share share
capital capital capital capital
China Merchants
Bank — Southern
Asset Management 335,900 0.03% 90,500 0.01% 2,442,200 0.20% 0 0.00%
CSI Smallcap 1000
ETF
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
Number of shares held in
Number of shares lent through
shareholders’ general accounts
margin securities loan and not yet
New and credit accounts and shares
returned at the end of the period
entry/withdrawal lent through margin securities
Name of shareholder (full name) and not yet returned at the end of
in the current loan and not yet returned at the
the period
period end of the period
Proportion to total Proportion to total
Total Total
share capital share capital
China International Capital
Withdrawal 0 0.00% 407,822 0.03%
Corporation Limited
(2) Number of Preferred Shareholders and Shares Held by Top 10 Preferred Shareholders
□ Applicable Not applicable
In the reporting period, no shareholders held preferred shares.
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Abstract of 2024 Annual Report of Shenzhen SEG Co., Ltd.
(3) Diagram on equity and control relationship between the Company and actual controllers
100% 100%
100%
0.46% 38.10% 26.12% 13.72% 9.80% 7.51% 4.29%
56.54%
5. Bonds in Existence as of the Approval Date of the Semi-Annual Report
□ Applicable Not applicable
III. Important Events
Overview Date of disclosure Query index on the website where the report is disclosed
Notice on the Resolution of the 49th Interim Meeting of the 8th Board of Directors,
January 06, 2024 Revision Draft of the Articles of Association and Revision Comparison Table for the
1. Amendment of the Articles of Association released on CNINFO (http://www.cninfo.com.cn/)
Articles of Association
Notice on the Resolution of the 1st Interim General Meeting in 2024 and Articles of
January 23, 2024 Association released on CNINFO (http://www.cninfo.com.cn/)
Notice on the By-Election of Independent Directors of the Company, Notice on the
Resolution of the 50th Interim Meeting of the 8th Board of Directors, Statement and
January 20, 2024 Commitment of the Nominated Independent Director, and Statement and
2. By-election of the Commitment of the Independent Director Candidate released on CNINFO
Company's independent (http://www.cninfo.com.cn/)
directors
Notice on the Resolution of the 2nd Interim General Meeting in 2024 released on
February 07, 2024
CNINFO (http://www.cninfo.com.cn/)
Notice on the Resolution of the 50th Interim Meeting of the 8th Board of Directors
January 20, 2024 and Guarantee Management Measures released on CNINFO
3. Revision of the (http://www.cninfo.com.cn/)
Guarantee Management
Measures Notice on the Resolution of the 2nd Interim General Meeting in 2024 and
February 07, 2024 Guarantee Management Measures released on CNINFO
(http://www.cninfo.com.cn/)
4. Performance
January 27, 2024 Performance Forecast for 2023 released on CNINFO (http://www.cninfo.com.cn/)
Forecast for 2023
Notice on Purchasing Wealth Management Products with Own Idle Funds released
March 29, 2024
5. Purchase of wealth on CNINFO (http://www.cninfo.com.cn/)
management products
with own idle funds Notice on the Resolution of the 29th (2023) Shareholders General Meeting released
April 20, 2024
on CNINFO (http://www.cninfo.com.cn/)
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Abstract of 2024 Annual Report of Shenzhen SEG Co., Ltd.
Notice on the Company's Provision for Impairment of Various Assets for 2023
March 29, 2024
6. Asset impairment released on CNINFO (http://www.cninfo.com.cn/)
provision for 2023
Notice on the Resolution of the 29th (2023) Shareholders General Meeting released
April 20, 2024
on CNINFO (http://www.cninfo.com.cn/)
Notice on the Resolution of the 10th Meeting of the 8th Board of Directors and
March 29, 2024 Notice on the Resolution of the 10th Meeting of the 8th Board of Supervisors
released on CNINFO (http://www.cninfo.com.cn/)
7. Equity distribution Notice on the Resolution of the 29th (2023) Shareholders General Meeting released
for 2023 April 20, 2024
on CNINFO (http://www.cninfo.com.cn/)
Notice on the Implementation of the 2023 Annual Equity Distribution released on
May 11, 2024
CNINFO (http://www.cninfo.com.cn/)
8. Adjustment to
members of the special Notice on the Resolution of the 51st Interim Meeting of the 8th Board of Directors
April 26, 2024
committees of the released on CNINFO (http://www.cninfo.com.cn/)
Board
9. Semi-annual
Semi-annual Performance Forecast for 2024 released on CNINFO
Performance Forecast July 10, 2024
(http://www.cninfo.com.cn/)
for 2024
Notice on Resolutions of the 11th Meeting of 8th BOD and the Announcement on
August 28, 2024 the Continued Engagement of the Auditing Agency in 2024 released on CNINFO
10. Continued (http://www.cninfo.com.cn/)
engagement of the
auditing agency in 2024 Notice on Resolution of the 3rd Interim General Meeting in 2024 released on
September 14, 2024
CNINFO (http://www.cninfo.com.cn/)
Notice on the Resolution of the 11th Meeting of the 8th Board of Directors and
11. Purchase of liability August 28, 2024 Notice on the Purchase of Liability Insurance for Directors, Supervisor and Senior
insurance for directors, Executives released on CNINFO (http://www.cninfo.com.cn/)
supervisors and senior
executives Notice on Resolution of the 3rd Interim General Meeting in 2024 released on
September 14, 2024
CNINFO (http://www.cninfo.com.cn/)
Notice on Abnormal Fluctuations in Stock Trading released on CNINFO
September 05, 2024
(http://www.cninfo.com.cn/)
Notice on Abnormal Fluctuations in Stock Trading released on CNINFO
September 13, 2024
(http://www.cninfo.com.cn/)
12. Abnormal Notice on Abnormal Fluctuations in Stock Trading released on CNINFO
fluctuations in stock October 29, 2024
(http://www.cninfo.com.cn/)
trading
Notice on Abnormal Fluctuations in Stock Trading released on CNINFO
October 31, 2024
(http://www.cninfo.com.cn/)
Notice on Abnormal Fluctuations in Stock Trading released on CNINFO
November 06, 2024
(http://www.cninfo.com.cn/)
Notice on the Resolution of the 13th Meeting of the 8th Board of Directors, Notice
on the Resolution of the 12th Meeting of the 8th Board of Supervisors, and Notice
13. Asset impairment October 30, 2024
on Asset Impairment Provision for the First Three Quarters of 2024 released on
provision for the first CNINFO (http://www.cninfo.com.cn/)
three quarters of 2024
Notice on the Resolution of the 4th Interim General Meeting in 2024 released on
December 21, 2024
CNINFO (http://www.cninfo.com.cn/)
14. Replacement of the
Notice on Replacing the Financial Advisor for Continuous Supervision released on
financial advisor for November 16, 2024
CNINFO (http://www.cninfo.com.cn/)
continuous supervision
Notice on Participating in the Collective Reception Day for Listed Companies in
15. Collective reception December 07, 2024
Shenzhen in 2024 released on CNINFO (http://www.cninfo.com.cn/)
day for listed
companies in Shenzhen Investor Relations Activity Record Sheet on December 12, 2024 released on
in 2024 December 12, 2024
CNINFO (http://www.cninfo.com.cn/)
8
