Stock code: 000058 200058 Stock abbreviation: SHEN SEG SHEN SEG B Notice No.: 2021-025
Content
Chapter 1 Important Notice.................................................................................................................. 4
Chapter 2 Basic Information About The Company ............................................................................. 5
Chapter 3 Important Matters ................................................................................................................ 9
Interpretation
Items Refers to Contents
The Company Company listed company
SHEN SEG
Refers to Shenzhen SEG Co. Ltd.
SEG Group Refers to Shenzhen SEG Group Co. Ltd.
SEG Property Refers to Shenzhen SEG Property Investment Co. Ltd.
SEG Kangle Refers to Shenzhen SEG Kangle Enterprise Development Co. Ltd.
SEG Chuangyehui Refers to Shenzhen SEG Chuangyehui Co. Ltd.
SEG Property Management Refers to Shenzhen SEG Property Management Co. Ltd.
XinDongsheng Property Management Refers to Shenzhen XinDongsheng Property Management Co. Ltd.
SEG New Urban Refers to Shenzhen SEG New Urban Construction Development Co. Ltd.
Target company Refers to
Four companies including SEG Property SEG Property Development
SEG Kangle and SEG Chuangyehui injected during this major asset
restructuring
Huakong SEG Refers to Shenzhen Huakong SEG Co. Ltd.
SEG Smartechs Refers to Shenzhen SEG Smartechs Co. Ltd.
Unless otherwise specified the monetary
amounts quoted in this report
Refers to RMB
In the reporting period Refers to From 1 Jan. 2021 to 31 Mar. 2021
Chapter 1 Important Notice
The Board of Directors the Board of Supervisors the directors the supervisors
and the senior executives guarantee that the quarterly report is authentic
accurate and complete and that it has no false records misleading statements or
major omissions and they undertake joint and several legal liabilities.
All Directors are attended the Board Meeting for Quarterly Report deliberation.
Chairman of the Board Zhang Liang Chief Financial Officer Yan Dongxia and
the responsible person of the accounting institution (accountant in charge) Wang
Lei hereby declare that the Financial statements enclosed in this quarterly
report are true accurate and complete.
Chapter 2 Basic Information About The Company
I. Major Accounting Data And Financial Indexes
Are retrospective adjustments made to previous financial statements?
□ Yes √ No
Amount of the reporting
period
Amount of the same period
of the previous year
Year-on-year
increase/decrease in the
reporting period
OperatingIncome (yuan) 463208485.25 192164935.58 141.05%
Net profit attributable to shareholders of
the listed company (yuan)
33065039.59 -11787492.80 380.51%
Net profit attributable to shareholders of
the listed company after deducting
non-recurring gains and losses (yuan)
28784190.03 -18662797.99 254.23%
Net cash flow arising from operating
activities (yuan)
-64410695.22 -30503048.76 -111.16%
Basic EPS (yuan/share) 0.0268 -0.0095 381.67%
Diluted EPS (yuan/share) 0.0268 -0.0095 381.67%
Weighted average ROE 1.72% -0.62% 2.34%
Amount at the end of the
reporting period
Amount at the end of the
previous year
Year-on-year
increase/decrease in the
reporting period
Total assets (yuan) 5932955389.44 5830977104.07 1.75%
Net assets attributable to shareholders of
the listed company (yuan)
1938778732.95 1905722149.42 1.73%
Items and Amount of Non-recurring Profits and Losses
√ Applicable □ Not Applicable
Unit: RMB/Yuan
Item
Amount from the beginning
of year to the end of the
period
Remarks
Profits/losses from disposal of non-current assets (including the
write-off portion of the impairment provision for assets already
withdrawn)
-1643.55
Government subsidies recognized in current profit or loss (except 1034362.78
those closely related to corporate business and enjoyed according
to national standards or certain quota)
Capital occupation fee charged to non-financial enterprise that
reckoned into current Profits/losses
329322.62
Profit and loss from commissioned investment or asset
management
4032427.96
Trust fee obtained from trust operation 33558.50
Other non-operating income and expenditure except for the
aforementioned items
1272276.88
Less: Amount of affected income tax 1622984.66
Amount of influence of minority shareholders' equity (after tax) 796470.97
Total 4280849.56 --
An explanation shall be made with regard to the Company's considerations for defining non-recurring profit and loss according to the
Explanatory Announcement No.1 on Information Disclosure for Companies Offering Securities to the Public - Non-recurring Profit
and Loss and the reason of classifying the non-recurring profit and loss listed in this announcement as recurring.
□ Applicable √ Not applicable
In the reporting period no item of non-recurring profit and loss defined and listed according to the Explanatory Announcement No. 1
on Information Disclosure by Companies Offering Securities to the Public — Non-recurring Profit and Loss is defined as an item of
recurring profit and loss.II. Total Number Of Shareholders And Shares Held By Top 10 Shareholders At The End Of
The Reporting Period
1. Total Number Of Common Shareholders And Preferred Shareholders Restored With Voting Rights And
Shares Held By Top 10 Shareholders
Unit: Share
Total number of common shareholders
at the end of the reporting period
72992
Total number of preferred
shareholders restored with the
voting rights (if any)
0
Shares held by top 10 shareholders
Name of
shareholder
Nature of
shareholder
Proportion of
shareholding
Shares held
Quantity of
restricted
shares held
Information on pledged or frozen shares
Share status Quantity
Shenzhen SEG
Group Co. Ltd.State-owned legal
person
56.70% 700618759 450857239
LI SHERYN
ZHAN MING
Overseas natural
person
0.73% 9063952 0
Liu Guocheng Domestic natural 0.59% 7250502 0
person
Hou Xiulan
Domestic natural
person
0.40% 4980000 0
Yang Fan
Domestic natural
person
0.35% 4287000 0
Liu Guohong
Domestic natural
person
0.28% 3402503 0
Gong Qianhua
Overseas natural
person
0.24% 2940000 0
Xu Yueying
Domestic natural
person
0.16% 1972000 0
Hong Kong
Securities
Clearing
Company Ltd.
Overseas legal
person
0.13% 1571255 0
Zhou Qi
Overseas natural
person
0.11% 1356601 0
Information on top 10 shareholders of non-restricted shares
Name of shareholder Quantity of unrestricted common shares held
Type of share
Type of share Quantity
Shenzhen SEG Group Co. Ltd. 249761520 RMB common shares 249761520
LI SHERYN ZHAN MING 9063952
Domestically listed
foreign shares
9063952
Liu Guocheng 7250502
Domestically listed
foreign shares
7250502
Hou Xiulan 4980000 RMB common shares 4980000
Yang Fan 4287000 RMB common shares 4287000
Liu Guohong 3402503
Domestically listed
foreign shares
3402503
Gong Qianhua 2940000
Domestically listed
foreign shares
2940000
Xu Yueying 1972000
Domestically listed
foreign shares
1972000
Hong Kong Securities Clearing
Company Ltd.
1571255 RMB common shares 1571255
Zhou Qi 1356601 RMB common shares 1356601
Explanations on the association Shenzhen SEG Group Co. Ltd. has no association relationship with other shareholders and
relationship or concerted action among
the above-mentioned shareholders
is not a person acting in concert with other shareholders as specified in the Management
Methods for Disclosure of Information on Changes of Shareholding Status of Shareholders
of Listed Companies. It is unclear whether other shareholders are persons acting in concert.Information on top 10 common
shareholders participating in securities
margin trading (if any)无
Did top 10 common shareholders of the Company or top 10 common shareholders of non-restricted shares conduct agreed repurchase
transactions in the reporting period?
□ Yes √ No
Top 10 common shareholders of the Company or top 10 common shareholders of non-restricted shares did not conduct agreed
repurchase transactions in the reporting period.
2. Total Number Of Preferred Shareholders And Shares Held By Top 10 Preferred Shareholders
□ Applicable √ Not applicable
Chapter 3 Important Matters
I. Changes In Main Financial Data And Financial Indicators Of The Reporting Period And
Reasons
√ Applicable □ Not applicable
(i) Items of the Consolidated Balance Sheet Statement
Unit: RMB/Yuan
Item Closing balance Opening balance Difference
Increase/decrease year on
year (%)
Accounts receivable 197625468.15 125360837.70 72264630.45 57.65%
Other account receivable 96062846.98 73166985.92 22895861.06 31.29%
Right-of-use assets 119354169.61 0.00 119354169.61 100.00%
Non-current liability due within one year 1043936820.85 778648438.44 265288382.41 34.07%
Long-term loans 417500000.00 698500000.00 -281000000.00 -40.23%
Lease liability 119510487.69 0.00 119510487.69 100.00%
1. Accounts receivable: increased by 57.65% over the beginning of the period mainly due to the settlement of property management
business.
2. Other account receivable: increased by 31.29% over the beginning of the period mainly due to the increase in operating
transactions.
3.Right-of-use assets: mainly due to the implementation of new lease standards.
4. Non-current liability due within one year: increased by 34.07% over the beginning of the period mainly because the long-term
loans due within one year increased.
5. Long-term loans: decreased by 40.23% over the beginning of the period mainly because return part of the bank loans and
re-classify to non-current liability due within one year.
6. Lease liability: mainly due to the implementation of new lease standards.
(ii)Items of the Consolidated Profit Statement
Unit: RMB/Yuan
Item
Amount for the current
period
Amount of the same
period of the previous
year
Difference
Increase/decrease
year on year (%)
Operating income 463208485.25 192164935.58 271043549.67 141.05%
Operating cost 347538135.16 154514584.91 193023550.25 124.92%
Tax and surcharges 7413187.00 5171963.12 2241223.88 43.33%
Sale expenses 5503600.12 2724883.63 2778716.49 101.98%
Credit impairment losses 5603672.81 119525.00 5484147.81 4588.29%
Income tax expense 20567879.14 4817893.89 15749985.25 326.91%
1. Operating income: increased by 141.05% year on year mainly because SEG Property Management has new enterprise-
XinDongsheng Property Management included in the statement and rent reduction by the company in the same period of the
previous year.
2.Operating cost: increased by 124.93% year on year mainly because SEG Property Management has new enterprise- XinDongsheng
Property Management included in the statement.
3. Tax and surcharges: increased by 43.33% year on year mainly because the property tax and VAT increased in the Period.
4. Sale expenses: increased by 101.98% year on year mainly due to the increase in revenue from property sales and commissions
increased correspondingly.
5. Credit impairment losses: increased by 4588.29% year on year mainly due to the recovery of litigation payments in the Period.
6. Income tax expense: increased by 326.91% year on year mainly because total profit increased in the Period.
(iii) Items of the Consolidated Cash Flow Statement
Unit: RMB/Yuan
Item
Amount for the
current period
Amount for the same
period of the previous
year
Difference
Increase/decrease
year on year (%)
Net cash flow arising from operation activities -64410695.22 -30503048.76 -33907646.46 -111.16%
Net cash flow arising from investment
activities
-17972160.08 -6601609.82 -11370550.26 -172.24%
Net cash flow arising from financing activities -38781758.53 -59415031.36 20633272.83 34.73%
1.Net cash flow arising from operation activities: decreased by 111.16% year on year mainly because the property management
business scale expanded and the purchase of goods and other payments of cash increased.
2.Net cash flow arising from investment activities: decreased by 172.24% year on year mainly because bank financial products
purchased in the Period increased.
3. Net cash flow arising from financing activities: increased by 34.73% year on year mainly because payment of bank loans
decreased in the Period.II. Progress And Impacts Of Major Events And Analysis Of Solutions
√ Applicable □ Not applicable
Except for the important matters in the following table there are no other important matters
Overview of major events Disclosure date
Inquiry index for the websites disclosing
the temporary reports
1. Self-inspection Report and Rectification
Plan on Improving the Corporate
Governance Standards to Achieve a High
Quality Development
4 January 2021
Juchao Website:http://www.cninfo.com.cn/-”Resolution of
18th extraordinary meeting of 8th BOD”
2. 36% Equity of Shenzhen XinDongsheng
Property Management Co. Ltd Purchased
by Shenzhen SEG Property Management
29 February 2020
Juchao Website:http://www.cninfo.com.cn/-”Resolution of
5th extraordinary meeting of 8th BOD and
Notice on the Acquisition of Equity by
Co. Ltd. Shenzhen SEG Property Management Co.Ltd.”
6 January 2021
Juchao Website:http://www.cninfo.com.cn/-”Notice on
Completion of the Shareholding Delivery
of Purchasing the Equity of Shenzhen SEG
Property Management Co. Ltd by
Shenzhen SEG Property Management Co.Ltd (controlling sub-subsidiary) ”
3.Reduction of Shares of Shenzhen
Huakong SEG Co. Ltd. Held by the
Company
10 September 2020
Juchao Website:http://www.cninfo.com.cn/-”Resolution of
12th extraordinary meeting of 8th BOD and
Notice on Reducing the Stock of Shenzhen
Huakong SEG Co. Ltd. held by the
Company”
26 September 2020
Juchao website:http://www.cninfo.com.cn/-”Resolution
of the 5th extraordinary shareholdersgeneral meeting of 2020”
27 November 2020
Juchao Website:http://www.cninfo.com.cn/-”Notice on the
Progress of the Implementation of the Stock
Reduction of Shenzhen Huakong SEG Co.Ltd ”
13 January 2021
Juchao Website:http://www.cninfo.com.cn/-”Implementatio
n of the Share Reduction of ShenzhenHuakong SEG Co. Ltd ”
4. Selection of the Disclosure Media for
2021 and Engagement of the Securities
Legal Counsel for 2021
26 January 2021
Juchao Website:http://www.cninfo.com.cn/-”Resolution of
19th extraordinary meeting of 8th BOD”
5. Appointment of the Securities Affairs
Representative
26 January 2021
Juchao Website:http://www.cninfo.com.cn/-”Resolution of
19th extraordinary meeting of 8th BOD”
6. SEG New Urban’s Involvement in
Litigation and Progress
8 October 2019
Juchao Website:http://www.cninfo.com.cn/-”Notice on
Progress of the controlling sub-subsidiary’sInvolvement in Litigation”
17 April 2020
Juchao Website:http://www.cninfo.com.cn/-”Notice on
Progress of the controlling sub-subsidiary’sInvolvement in Litigation”
16 September 2020
Juchao Website:http://www.cninfo.com.cn/-”Notice on
Progress of the controlling sub-subsidiary’sInvolvement in Litigation”
15 December 2020
Juchao Website:http://www.cninfo.com.cn/-”Notice on
Progress of the controlling sub-subsidiary’sInvolvement in Litigation”
8 April 2021
Juchao Website:http://www.cninfo.com.cn/-”Notice on
Progress of the controlling sub-subsidiary’sInvolvement in Litigation ”
Progress of share repurchases
□ Applicable √ Not applicable
Progress of reduction of holding-shares in the form of centralized bidding
□ Applicable √ Not applicable
III. Commitments Not Fulfilled In The Reporting Period By The Actual Controller Of The
Company Shareholders Buyers Or Other Related Parties
√ Applicable □ Not applicable
Commitments Subject Type Content
Commitment
date
Commitmen
t term
Performance
Commitment for
share reform
Not applicable
Commitments in
the Acquisition
Report and the
Report of Changes
on Equity
Not applicable
Commitments
made at the time
of restructuring of
assets
Shenzhen SEG
Group Co. Ltd.Other
commitment
"After updating and
restructuring of SEG Industrial
Building SEG Economy
Building and SEG Recreation
Industry Building the area of
added part that belongs to SEG
Chuangyehui SEG Recreation
and SEG Property is 2855.20
m2. SEG Group undertakes
3 August
2016
Long-term
effective
Extended
performance:
The Company
has applied
for extension
of the license
for the said
property after
expiration and
that the use of the temporary
buildings belonged to SEG
Chuangyehui SEG Recreation
and SEG Property will be
renewed after expiration of the
two-year use duration. In case
when due to failure in renewal
of use of temporary buildings
the listed company has any
loss or the income during the
period from expiration of the
performance commitment
period to expiration of the
evaluated income expected
period is lower than the
expected compensation or the
listed company has any loss
because the temporary
buildings are required to be
dismantled by governmental
organs during the period from
expiration of the performance
commitment period to
expiration of the evaluated
income expected period SEG
Group will compensate the
listed company timely and in
full amount according to the
following compensation
methods:
1. SEG Group has made
commitments for the
performance of the subject
company within three years
after completion of major asset
restructuring. Influence of the
updating and restructuring
project has been taken into
account in the commitments.
2. The amount of
compensation for the income
that is lower than the expected
income during the period from
submitted
application
materials to
the relevant
competent
authority for
approval
expiration of the performance
commitment period to
expiration of the evaluated
income expected period = (the
predicted accumulated income
to the end of the report period -
actual accumulated income to
the end of the report period) -
the compensated amount.
3. The loss caused when the
temporary buildings are
required to be dismantled by
governmental organs during
the period from expiration of
the performance commitment
period to expiration of the
evaluated income expected
period = the dismantling cost
and compensation amount
related - (the accumulated total
income to the time the
buildings are dismantled-
predicted accumulated income
during the predication period).Note: the predicted income
refers to the net value
remained after the predicted
total income from the newly
added temporary buildings in
the evaluation reports of the
subject companies minuses the
allocated investment cost
during the operating period
and the amount influenced by
permanent rent termination
predicted in the evaluation
report. Shenzhen SEG should
employ an audit agency with
security practice qualification
recognized by SEG Group to
provide a formal audit report
on the compensation methods
for the property investment
within the compensation scope
of the report period within four
months at the end of each
accounting year during the
compensation period. SEG
Group should compensate in
cash any property investment
and compensation items within
the compensation scope of the
report period. Shenzhen SEG
should calculate the payable
compensation amount within
15 working days upon final
specific review opinions
provided by the audit agency
and send a written notice to
SEG Group. Within 30
working days upon receipt of
the written notice from
Shenzhen SEG SEG Group
should pay the compensation
in cash in full amount."
Commitment
made at the time
of initial public
offerings or
refinancing
Not applicable
Commitment on
equity incentives
Not applicable
Other
commitments
made to the
medium and small
shareholders of the
Company
Not applicable
Whether
commitments
were fulfilled on
time
No
For commitments
unfulfilled in the
commitment
The newly added properties arising from updating and restructuring of the above mentioned three buildings
including SEG Industrial Building are the temporary buildings. And in accordance with the Measures for the
Implementation of Temporary Building Management in Futian District Shenzhen (Interim) the service time for
period specify the
reasons for
non-fulfillment
and further plans
temporary building is from 21 April 2016 to 20 April 2018 according to the Regulations of Guangdong
Province on Urban and Rural Planning the temporary building can apply for a one-year extension (deadline on
20 April 2019). in addition the Shenzhen City and Futian District do not clearly specify the extension or
extension of the time limit for the temporary buildings. After service time expired (on 20 April 2018) the
Company has applied for extension materials have been submitted for approval to relevant authorities but no
extension was granted. Up to now the listed company did not suffer losses for the above mentioned matters
and there is no need for compensation from SEG Group.IV. Financial Assets Investment
1. Securities Investment
√Applicable □ Not applicable
Unit: RMB/Yuan
Stock
type
Stock
code
Short
form of
the
security
Initial
investm
ent cost
Account
ing
measure
ment
mode
Opening
book
value
Profit or
loss
from
changes
in fair
value in
the
current
period
Accumu
lative
changes
in fair
value
counted
into
equity
Amount
of
purchas
e in the
current
period
Amount
of sales
in the
current
period
Profit or
loss in
the
reportin
g period
Closing
book
value
Account
ing item
Source
of
capital
Domesti
c and
overseas
shares
600778
Youhao
Group
90405.
00
Measure
ment of
fair
value
242125
.17
-16991.
24
0.00 0.00 0.00
225133
.93
Investm
ent in
other
equity
instrum
ents
Self-ow
ned
capital
Domesti
c and
overseas
shares
000068
Huakon
g SEG
165819
274.44
Measure
ment of
equity
method
101162
523.51
28.52 0.00
-37731
67.72
97389
384.32
Long-te
rm
equity
investm
ent
Self-ow
ned
capital
Domesti
c and
overseas
shares
832770
SEG
Smartec
hs
82753
21.43
Measure
ment of
cost
method
13515
392.83
0.00 0.00 0.00
13515
392.83
Investm
ent in
other
equity
instrum
ents
Self-ow
ned
capital
Total
174185
000.87
--
114920
041.51
0.00
-16962.
72
0.00 0.00
-37731
67.72
111129
911.08
-- --
Disclosure date of
securities investment
approval of the Board
Disclosure date of
securities investment
approval of the Shareholder
Meeting (if any)
2. Derivative Investment
□Applicable √ Not applicable
No derivative investment is involved in the reporting period.V. Progress Of The Fund-Raising Investment Projects
□Applicable √ Not applicable
VI. Prediction Of Business Performance From January – June 2021
Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or the
warning of its material change compared with the corresponding period of the last year and explanation on reason
□Applicable √ Not applicable
VII. Major Contracts For Daily Operations
√Applicable □ Not applicable
Unit:RMB/Yuan
Contracting
party
Counter party
of the contract
Contract
subject
Total contract
amount
Progress of
contract
performance
Sales revenue
recognized in
the period and
cumulatively
Collection of
receivables
SEG New
Urban
Shenzhen
Huahui Group
Co. Ltd.
Part of the
property of
SEG New
Urban Plaza
1038 million Yuan
The contract
has not yet
come into
force
/ /
SEG New
Urban
Shenzhen Hua
Ao Grop Co.
Ltd.
(1/F-5/F) No.2
building of the
SEG New
Urban Plaza
(Phase I)
195 million Yuan
The contract
has not yet
come into
force
/ /
SEG New Huang
(6/F-7/F) No.2
building of the
50.4 million Yuan
The contract
has not yet
/ /
Urban Xianzhen SEG New
Urban Plaza
(Phase I)
come into
force
Progress of the major contract is materially different from the contract agreement and affects the contract amount of 30% or more
□Applicable ? Not applicable
VIII. Trust Financing
√Applicable □ Not applicable
Unit: 10 thousand Yuan
Specific type Sources of funds Amount occurred Undue balance Overdue amount
Financing products Self-owned capital 83711 83711 0
Total 83711 83711 0
Details of the single major amount or high-risk trust investment with low security poor fluidity and non-guaranteed
□Applicable √ Not applicable
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□Applicable √ Not applicable
IX. Guarantee Outside Against The Regulation
□Applicable √ Not applicable
The Company had no guarantee outside against the regulation in the period.X. Non-Operational Fund Occupation From Controlling Shareholders And Its Related Party
□Applicable √ Not applicable
There was no non-operational fund occupation from controlling shareholders and its related party
XI. Registration Form For Receiving Research Communication And Interview In The Report
Period
√Applicable □ Not applicable
Date
Reception
location
Method Reception type Reception object
Main content
and information
provided
Index for the interview
and research
5 Jan. 2021 The Company Telephoning Individual Investor
Inquire the
business
information
/
5 Jan. 2021 The Company Telephoning Individual Investor
Inquire the
production and
/
operation
information of
the Company
7 Jan. 2021 The Company Telephoning Individual Investor
Inquire the
production and
operation
information of
the Company
and corporate
governance
/
7 Jan. 2021 The Company Telephoning Individual Investor
Inquire the
business
information
/
18 Jan. 2021 The Company Telephoning Individual Investor
Inquire the
business
condition of
2020
/
19 Jan. 2021 The Company Telephoning Individual Investor
Inquire the
business
information
/
20 Jan. 2021 The Company Telephoning Individual Investor
Inquire the
business
information
/
20 Jan. 2021 The Company Telephoning Individual Investor
Inquire the
business
information
/
20 Jan. 2021 The Company Telephoning Individual Investor
Inquire the
business
information
/
29 Jan. 2021 The Company Telephoning Individual Investor
Inquire the
business
information
/
1 Feb. 2021 The Company Telephoning Individual Investor
Inquire the
business
information
/
2 Feb. 2021 The Company Telephoning Individual Investor
Inquire the
business
information
/
9 Feb. 2021 The Company Telephoning Individual Investor
Inquire the
business
/
information
9 Mar. 2021 The Company Telephoning Individual Investor
Inquire the
production and
operation
information of
the Company
/
11 Mar. 2021 The Company Telephoning Individual Investor
Inquire the
business
information
/
17 Mar. 2021 The Company Telephoning Individual Investor
Inquire the
business
information
/
25 Mar. 2021 The Company Telephoning Individual Investor
Inquire the
business of the
Company
/
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