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

1Third 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

441982959.45-6.16%1381458062.215.25%

(Yuan)

Net profit attributable

to shareholders of the 2388659.76 -94.45% 140757825.46 632.26%

listed company (Yuan)

Net profit attributable

to shareholders of the

listed company after

1843764.96-80.36%66552641.71466.72%

deducting non-

recurring gains and

losses (Yuan)

Net cash flow arising

from operating — — 91466033.14 178.43%

activities (Yuan)

Basic earnings per

0.0019-94.56%0.1143632.69%

share (Yuan /Share)

Diluted earnings per

0.0019-94.56%0.1143632.69%

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) 5344571317.07 5318741351.95 0.49%

Owner's equity

attributable to

2056613035.591928217155.456.66%

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 -16825.16 -41353.84

accrued for impairment of

assets)

Government grants recorded

in current gains/losses (except

188814.062833231.72

those closely related to the

Company's normal operation

2Third 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 554368.07 3171403.17

investment or management

Reversal of write-down for

receivables whose impairment 6697.05 443121.06

was tested individually

Trustee fee from entrusted

36748.10102125.40

operations

Other non-operating income

and expenses other than the 406951.94 143003.39

above

Mainly because the Company

confirmed the investment

income arising from the

transfer by Shenzhen

Huakong SEG Co. Ltd.(hereinafter “HuakongOther gains/losses items thatSEG”) a joint-stock

meet the definition of non- -61742.92 70313517.67

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 RealEstate”) based on the equity

method

Less: Impact on income tax 251632.89 1596494.01

Impact on minority

318483.461163370.81

shareholders' equity (post-tax)

Total 544894.79 74205183.75 --

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 CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss

□ Applicable □Not applicableThe Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure forCompanies 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

3Third 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

111920402.17180868562.15-68948159.98-38.12%

assets wealth management

products

Mainly due to the

Company's purchase of

photovoltaic modules and

Accounts paid in

17868109.45 12325876.18 5542233.27 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

77325706.3155893058.6321432647.6838.35%

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

232256425.82143465403.4388791022.3961.89%

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

10725953.5332789129.20-22063175.67-67.29%

process stations to fixed assets after

construction completion

Mainly due to the

reclassification of large-

Other non-current

- 85699459.77 -85699459.77 -100.00% denomination Certificate of

assets

Deposit since it will be

mature in one year

Mainly due to the carryover

Contract

13978101.53 29676162.94 -15698061.41 -52.90% of some advance payments

liabilities

of flat sales to revenue

Mainly due to the carryover

Deferred income 455311.22 674341.94 -219030.72 -32.48%

of some deferred income

Mainly due to the fact that

Retained earnings 480419298.23 352005539.88 128413758.35 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

41444851.54 20218230.48 21226621.06 104.99% provision of land VAT in the current

extras

period

Mainly due to the year-on-year

Financial decrease in the Company's financing

18084334.6138692104.55-20607769.94-53.26%

expense balance and comprehensive loan

interest rate in the current period

4Third Quarterly Report for 2023 Shenzhen SEG Co. Ltd.

Mainly due to the year-on-year

Other income 3771408.82 6552772.37 -2781363.55 -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

56477073.8240729613.0915747460.7338.66%

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

1999117.41 1045170.30 953947.11 91.27% increase in non-operating expenses

expense

such as late fees

Mainly due to the year-on-year

Income tax

55704413.16 33975004.00 21729409.16 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 91466033.14 32850052.08 58615981.06 178.43% 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 -18676435.42 -12701824.85 -5974610.57 -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 -88648326.36 -360555805.03 271907478.67 75.41% Mainly due to the year-on-

arising from year decrease in loan

financing repayments

activities

Net increase in -15858728.64 -340407577.80 324548849.16 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

739060

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

5Third Quarterly Report for 2023 Shenzhen SEG Co. Ltd.

shares held Share status Number

Shenzhen SEG State-owned

56.54%696163182

Group Co. Ltd. legal person

Domestic

Liu Guocheng 0.60% 7442702

natural person

LISHERYNZH Overseas

0.56%6836500

ANMING natural person

Domestic

Liu Guohong 0.31% 3773846

natural person

Overseas

Gong Qianhua 0.24% 2940000

natural person

Hong Kong

Securities Overseas legal

0.23%2871804

Clearing Co. person

Ltd.Domestic

Fan Sheng 0.22% 2650000

natural person

Domestic

Li Xiaosong 0.19% 2289357

natural person

Domestic

Zhuo Jinghua 0.17% 2069500

natural person

Domestic

Xu Yueying 0.16% 1996800

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. 696163182 696163182

shares

Domestic listed

Liu Guocheng 7442702 7442702

foreign shares

Domestic listed

LISHERYNZHANMING 6836500 6836500

foreign shares

Domestic listed

Liu Guohong 3773846 3773846

foreign shares

Domestic listed

Gong Qianhua 2940000 2940000

foreign shares

Hong Kong Securities Clearing RMB ordinary

28718042871804

Co. Ltd. shares

RMB ordinary

Fan Sheng 2650000 2650000

shares

RMB ordinary

Li Xiaosong 2289357 2289357

shares

RMB ordinary

Zhuo Jinghua 2069500 2069500

shares

Domestic listed

Xu Yueying 1996800 1996800

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 2650000 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

2289357 shares of the company of which 2239357 shares are held

applicable)

through the credit account of margin trading and securities lending

investors.

6Third 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

agency in 2023 BOD and the Announcement on the Continued Engagement

of the Auditing Agency in 2023 as released on CNINFO

7Third 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 980420555.20 994421369.42

Settlement provisions

Capital lent

Trading financial assets 111920402.17 180868562.15

Derivative financial assets

Note receivable 8863311.86 11884758.88

Account receivable 341854756.27 315473245.43

Receivable financing 2449408.14 2449408.14

Accounts paid in advance 17868109.45 12325876.18

Insurance receivable

Reinsurance receivables

Contract reserve of reinsurance receivable

Other account receivable 81028836.33 65860699.46

Including: Interest receivable

Dividend receivable

Financial assets purchased under agreements to

resell

Inventories 1704033164.60 1701453879.37

Contractual assets 20145225.94 28654072.42

Assets held for sale

Non-current asset due within one year 82615555.50

Other current assets 77325706.31 55893058.63

Total current assets 3428525031.77 3369284930.08

Non-current assets:

Loans and payments on behalf

Debt investment

Other debt investment

Long-term account receivable 19030854.56 22809517.85

Long-term equity investment 232256425.82 143465403.43

Investment in other equity instrument 27861696.07 27897499.04

Other non-current financial assets

Investment real estate 940268841.69 952807956.49

Fixed assets 315116529.17 259816845.31

Construction in progress 10725953.53 32789129.20

Productive biological asset

Oil and gas asset

Right-of-use assets 174801290.70 227361597.84

8Third Quarterly Report for 2023 Shenzhen SEG Co. Ltd.

Intangible assets 21834088.09 23324088.29

Expense on Research and Development

Goodwill 70827727.55 70827727.55

Long-term expenses to be apportioned 29263058.11 28439474.89

Deferred income tax asset 74059820.01 74217722.21

Other non-current asset 85699459.77

Total non-current asset 1916046285.30 1949456421.87

Total assets 5344571317.07 5318741351.95

Current liabilities:

Short-term loans 215083333.33 210181111.13

Loan from central bank

Capital borrowed

Trading financial liability

Derivative financial liability

Note payable

Account payable 479837065.67 477876252.19

Accounts received in advance 126032334.87 179935767.58

Contractual liability 13978101.53 29676162.94

Financial assets sold under agreements to

repurchase

Absorbing deposit and interbank deposit

Security trading of agency

Security sales of agency

Wage payable 106922004.78 129186534.91

Taxes payable 150533747.57 137628740.93

Other account payable 827216365.81 813507968.24

Including: Interest payable

Dividend payable 22415684.88 22493095.44

Commission charge and commission payable

Reinsurance payable

Liability held for sale

Non-current liabilities due within one year 80423799.51 114282465.35

Other current liabilities 2572239.02 2189029.58

Total current liabilities 2002598992.09 2094464032.85

Non-current liabilities:

Insurance contract reserve

Long-term loans 512840713.28 523309490.59

Bonds payable

Including: Preferred stock

Perpetual capital securities

Lease liability 164800191.76 178107661.75

Long-term account payable 4911209.26 4739253.10

Long-term wages payable

Accrual liability 54373663.76 55155504.76

Deferred income 455311.22 674341.94

Deferred income tax liabilities 9611611.58 10062775.57

Other non-current liabilities

Total non-current liabilities 746992700.86 772049027.71

Total liabilities 2749591692.95 2866513060.56

Owner's equity:

Share capital 1231200672.00 1231200672.00

Other equity instrument

Including: Preferred stock

Perpetual capital securities

Capital public reserve 165950347.39 165950347.39

Less: Inventory shares

9Third Quarterly Report for 2023 Shenzhen SEG Co. Ltd.

Other comprehensive income -4591788.26 -4573910.05

Reasonable reserve

Surplus public reserve 183634506.23 183634506.23

Provision of general risk

Retained profit 480419298.23 352005539.88

Total owner's equity attributable to parent company 2056613035.59 1928217155.45

Minority interests 538366588.53 524011135.94

Total owner's equity 2594979624.12 2452228291.39

Total liabilities and owner's equity 5344571317.07 5318741351.95

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 1381458062.21 1312587406.20

Including: Operating income 1381458062.21 1312587406.20

Interest income

Insurance gained

Commission charge and commission

income

II. Total operating cost 1206731744.95 1295389399.14

Including: Operating cost 1048547609.95 1139252432.11

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 41444851.54 20218230.48

Sales expense 17083612.41 16880998.46

Administrative expense 73699075.55 73879807.16

R&D expense 7872260.89 6465826.38

Financial expense 18084334.61 38692104.55

Including: Interest expenses 22826979.17 45339482.76

Interest income 13178477.38 7387541.62

Add: Other income 3771408.82 6552772.37

Investment income (Loss is listed with “-”) 56477073.82 40729613.09

Including: Investment income on

53791022.39-6445928.58

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 “-”)

10Third 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

453088.93547396.51

with “-”)

Losses of devaluation of asset (Loss is

listed with “-”)

Income from assets disposal (Loss is listed

22382.28

with “-”)

III. Operating profit (Loss is listed with “-”) 235427888.83 65050171.31

Add: Non-operating income 2100766.96 2083192.46

Less: Non-operating expense 1999117.41 1045170.30

IV. Total profit (Loss is listed with “-”) 235529538.38 66088193.47

Less: Income tax expense 55704413.16 33975004.00

V. Net profit (Net loss is listed with “-”) 179825125.22 32113189.47

(i) Classify by business continuity

1. Continuous operating net profit (net loss

179825125.2232113189.47listed with '-”)

2. Termination of net profit (net loss listedwith '-”)

(ii) Classify by ownership

1. Net profit attributable to shareholders of

140757825.4619222397.31parent company (net loss listed with '-”)

2. Minority shareholders' gains and losses (net

39067299.7612890792.16loss listed with '-”)

VI. Net after-tax of other comprehensive income -26852.22 97396.22

Net after-tax of other comprehensive income

-17878.2164846.40

attributable to owners of parent company

(i) Other comprehensive income items which

will not be reclassified subsequently to profit of -17878.21 64846.40

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

-17878.2164846.40

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

11Third Quarterly Report for 2023 Shenzhen SEG Co. Ltd.

Net after-tax of other comprehensive income

-8974.0132549.82

attributable to minority shareholders

VII. Total comprehensive income 179798273.00 32210585.69

(i) Total comprehensive income attributable to

140739947.2519287243.71

owners of parent Company

(ii) Total comprehensive income attributable to

39058325.7512923341.98

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

1373755422.381321332074.61

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 1195824.19 5882155.72

Other cash received concerning operating

180041727.39197848806.94

activities

Subtotal of cash inflow arising from operating

1554992973.961525063037.27

activities

Cash paid for purchasing commodities and

549641919.99532676006.07

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

12Third Quarterly Report for 2023 Shenzhen SEG Co. Ltd.

Cash paid for bonus of guarantee slip

Cash paid to/for staff and workers 520892032.87 561038478.09

Taxes paid 145439775.98 140564385.71

Other cash paid concerning operating activities 247553211.98 257934115.32

Subtotal of cash outflow arising from operating

1463526940.821492212985.19

activities

Net cash flows arising from operating activities 91466033.14 32850052.08

II. Cash flows arising from investing activities:

Cash received from recovering investment 164543982.00 374982905.60

Cash received from investment income 2583764.37 43934675.01

Net cash received from disposal of fixed

2342.001402.29

intangible and other long-term assets

Net cash received from disposal of subsidiaries

1095632.06

and other units

Other cash received concerning investing

activities

Subtotal of cash inflow from investing activities 167130088.37 420014614.96

Cash paid for purchasing fixed intangible and

55306523.7945926439.81

other long-term assets

Cash paid for investment 130500000.00 386790000.00

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 185806523.79 432716439.81

Net cash flows arising from investing activities -18676435.42 -12701824.85

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 148231372.68 124146990.38

Other cash received concerning financing

activities

Subtotal of cash inflow from financing activities 148231372.68 124146990.38

Cash paid for settling debts 151123960.60 107283593.56

Cash paid for dividend and profit distributing or

59025174.3292849084.97

interest paying

Including: Dividend and profit of minority

24702873.1419965244.75

shareholder paid by subsidiaries

Other cash paid concerning financing activities 26730564.12 284570116.88

Subtotal of cash outflow from financing activities 236879699.04 484702795.41

Net cash flows arising from financing activities -88648326.36 -360555805.03

IV. Influence on cash and cash equivalents due to

fluctuation in exchange rate

V. Net increase of cash and cash equivalents -15858728.64 -340407577.80

Add: Balance of cash and cash equivalents at the

987118254.441091838138.56

period-begin

VI. Balance of cash and cash equivalents at the

971259525.80751430560.76

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

13Third 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

14