Shenzhen SEG Co. Ltd.
Q3 2018 Report
October 2018
Chapter 1 Important Notice
The Board of Directors the Board of Supervisors directors supervisors and senior
executives of the Company undertake that the quarterly report is authentic accurate
and complete without false records misleading statements or major omissions and
bear joint and several legal liabilities.
All directors have attended this meeting of the Board of Directors where the
quarterly report was deliberated.
Chairman of the Board of Directors Chen Huijie the Person in charge of accounting
Liu Zhijun and the responsible person of the accounting institution (accountant in
charge) Ying Huadong hereby declare that the financial statements enclosed in this
quarterly report are authentic accurate and complete.
Definitions
Definition Refers to Description
This Company the Company the listed
company Shen SEG
Refers to Shenzhen SEG Co. Ltd.
SEG Group Refers to Shenzhen SEG Group Co. Ltd.
Longgang SEG Refers to Shenzhen SEG Electronics Market Management Co. Ltd.Suzhou SEG Refers to Suzhou SEG Electronics Market Management Co. Ltd.Suzhou SEG Digital Refers to Suzhou SEG Digital Plaza Management Co. Ltd.Nanjing SEG Refers to
Shenzhen SEG Nanjing Electronics Market Management Co.Ltd.Xi'an SEG Refers to Xi'an SEG Electronics Market Co. Ltd.Xi'an Hairong SEG Refers to Xi'an Hairong SEG Electronics Market Co. Ltd.
Changsha SEG Refers to Changsha SEG Development Co. Ltd.
Wujiang SEG Refers to Wujiang SEG Market Management Co. Ltd.Shunde SEG Refers to Shunde SEG Electronics Market Management Co. Ltd.Nanning SEG Refers to Nanning SEG Digital Plaza Management Co. Ltd.Shanghai SEG Refers to Shanghai SEG Electronics Market Co. Ltd.
SEG Baohua Refers to Shenzhen SEG Baohua Enterprise Development Co. Ltd.
SEG Industrial Refers to Shenzhen SEG Industrial Investment Co. Ltd.
SEG Credit Refers to Shenzhen SEG Credit Co. Ltd.
Nantong SEG Refers to Nantong SEG Times Plaza Management Co. Ltd.Nantong SEG Operation Refers to Nantong SEG Commercial Operation Management Co. Ltd.
SEG Intelligent Refers to Suzhou SEG Intelligent Technology Co. Ltd.
SEG Longyan Refers to Shenzhen SEG Longyan Energy Technology Co. Ltd.
Hangzhou SEG Longyan Refers to Hangzhou SEG Longyan Energy Technology Co. Ltd.
SEG Lianzhong Refers to Shenzhen SEG Lianzhong Internet Technology Co. Ltd.
SEG Zhongtong Refers to Shenzhen SEG Zhongtong Technology Co. Ltd.
SEG Real Estate Refers to Shenzhen SEG Real Estate Investment Co. Ltd.
SEG Property Development Refers to Shenzhen SEG Property Development Co. Ltd.
SEG Recreation Refers to Shenzhen SEG Recreation Enterprise Development Co. Ltd.
SegMaker Refers to Shenzhen SegMaker Co. Ltd.
SEG Property Management Refers to Shenzhen SEG Property Management Co. Ltd.
SEG New Urban Refers to Shenzhen SEG New Urban Construction Development Co. Ltd.
SEG Yicheng Refers to Shenzhen SEG Yicheng Science and Technology Co. Ltd.
Target companies Refers to
SEG Real Estate SEG Property Development SEG Recreation
and SegMaker that major assets are injected into
Huizhou Stars Refers to Huizhou Stars Real Estate Development Co. Ltd.
SEG Wisdom Refers to SEG Wisdom Sports and Culture Development Co. Ltd.
Definition Refers to Description
Mellow Orange Hotel Refers to Shenzhen Mellow Orange Business Hotel Management Co. Ltd
Maker Hotel Refers to SEG Maker Hotel Management Co. Ltd.Huakong SEG Refers to Shenzhen Huakong SEG Co. Ltd.
SEG Navigations Refers to Shenzhen SEG GPS Scientific Navigations Co. Ltd.
Advanced Solar Refers to Advanced Solar Power (Hangzhou) Inc.
Wangyu Technology Refers to Shanghai Wangyu Information Technology Co. Ltd.Shenzhen SASAC Refers to
State-owned Assets Supervision and Administration Commission
of Shenzhen Municipality
CSRC Refers to China Securities Regulatory Commission
Shenzhen Securities Regulatory Bureau Refers to
Shenzhen Securities Regulatory Bureau of China Securities
Regulatory Commission
Articles of Association Refers to Articles of Association of Shenzhen SEG Co. Ltd.
Unless otherwise specified the amount referred
to in the report
Refers to Amount in RMB
Chapter 2 Company Profile
I. Major Accounting Data and Financial Indexes
Are retrospective adjustments required to previous financial statements?
□ Yes √ No
Closing amount Year-end amount Year-on-year increase/decrease
Total assets (Yuan) 6219276361.52 6992590420.75 -11.06%
Net assets attributable to shareholders of the
listed company (Yuan)
1978103216.94 1917228370.15 3.18%
Current reporting
period
Year-on-year
increase/decrease
From the beginning of
the year to the end of
the reporting period
Year-on-year
increase/decrease
Operating revenue (Yuan) 561704545.25 112.14% 1444642633.92 68.55%
Net profit attributable to shareholders of the
listed company (Yuan)
40399673.95 110.59% 138066661.89 99.54%
Net profit attributable to shareholders of the
listed company after deduction of
non-recurring profit or loss (Yuan)
35513724.94 81.48% 88370597.84 66.86%
Net cash flow arising from operating
activities (Yuan)
-- -- 88413669.12 -68.44%
Basic EPS (Yuan/Share) 0.0327 110.97% 0.1117 99.46%
Diluted EPS (Yuan/Share) 0.0327 110.97% 0.1117 99.46%
Weighted average ROE 2.07% 1.00% 7.09% 3.78%
Total share capital of the Company as of the trading day before disclosure:
Total share capital of the Company as of the trading day before
disclosure (share)
1235656249
Fully diluted earnings per share based on the latest share capital
(Yuan/share)
0.1117
Items and amount of non-recurring profit or loss:
√ Applicable □ Not applicable
Unit: Yuan
Item Amount Remarks
Profit or loss on disposal of non-current assets (including the write-off of
assets depreciation reserves)
57715563.13
Gains on reduction of holding-shares of
Huakong SEG and transfer of the
equity of SEG Credit
Tax return reduction or exemption with unauthorized approval or without
any official approval document
0.00
Government subsidies recognized in current profit or loss (except those
closely related to corporate business and enjoyed according to national
standards or certain quota)
3503363.71
Fund appropriation charges for non-financial entities recognized in current
profit or loss
1049720.00
Gains on less acquisition costs of subsidiaries associates and joint ventures
than the accrued fair value of the investee's identifiable net assets
0.00
Profit or loss on non-monetary assets exchange 0.00
Profit or loss on investment or asset management in proxy 18959696.02
Provision for impairment of assets due to force majeure (such as natural
disasters)
0.00
Profit or loss on debt restructuring 0.00
Corporate restructuring costs such as staffing expenses and integration
costs
0.00
Profit or loss on the part exceeding the fair value in unfair transactions 0.00
Current net profit or loss of subsidiaries incurred by business combination
under common control from the beginning of the reporting period to the
0.00
Item Amount Remarks
date of merger
Profit or loss on contingencies unrelated to business operation of the
Company
0.00
Profit or loss on changes in fair value due to holding of trading financial
assets and trading financial liabilities and investment income from disposal
of trading financial assets trading financial liabilities and
available-for-sale financial assets apart from valid hedging operations
related to business operation of the Company
0.00
Transferred-back impairment provision for accounts receivable for which
separate impairment tests are carried out
0.00
Profit or loss on consignment loan 0.00
Profit or loss on changes in fair value of investment property subsequently
measured by the fair value
0.00
Impact of one-time adjustment on the current profit or loss as required by
taxation or accounting laws and regulations
0.00
Trustee fee from entrusted operation 104499.02
Other non-operating income and expenses except the above-mentioned
items
-13453613.88
Estimated liabilities of Nanning SEG
arising from lawsuits and payment of
the liquidated damages and poverty
alleviation funds by SEG Real Estate.Other items conforming to the definition of non-recurring profit and loss 0.00
16969807.00
Less: Amount of affected income tax 1213356.95
Amount of influence of minority shareholders' equity (after tax) 49696064.05
Total 57715563.13 --
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 Their 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 items of non-recurring profit and loss listed in the Explanatory Announcement on Information Disclosure by
Companies Offering Securities to the Public No. 1 — Non-recurring Profit and Loss are defined as items 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 ordinary shareholders and preferred shareholders restored with voting rights and shares held
by top 10 shareholders
Unit: Share
Total number of ordinary shareholders at the
end of the reporting period
67654
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% 700628759 450857239
Liu Guocheng
Domestic natural
person
0.57% 7052702 0
Shanghai Juzhang
Investment
Management Co.Ltd.
Domestic general
corporate
0.40% 4967841 0
Liu Guohong
Domestic natural
person
0.26% 3213598 0
Gong Qianhua
Overseas natural
person
0.24% 2940000 0
China Securities
Finance
Domestic general
corporate
0.18% 2271900 0
Corporation
Limited
Xu Yueying
Domestic natural
person
0.14% 1790007 0
China Hi-tech
Group Corporation
State-owned legal
person
0.12% 1500000 0
Zeng Ying
Domestic natural
person
0.11% 1300000 0
Du Xinye
Domestic natural
person
0.10% 1223000 0
Information on top 10 shareholders of non-restricted shares
Name of shareholder Quantity of unrestricted ordinary shares held
Type of share
Type of share Quantity
Shenzhen SEG Group Co. Ltd. 249771520
RMB ordinary
shares
249771520
Liu Guocheng 7052702
Domestically listed
foreign shares
7052702
Shanghai Juzhang Investment
Management Co. Ltd.
4967841
RMB ordinary
shares
4967841
Liu Guohong 3213598
Domestically listed
foreign shares
3213598
Gong Qianhua 2940000
Domestically listed
foreign shares
2940000
China Securities Finance Corporation
Limited
2271900
RMB ordinary
shares
2271900
Xu Yueying 1790007
Domestically listed
foreign shares
1790007
China Hi-tech Group Corporation 1500000
RMB ordinary
shares
1500000
Zeng Ying 1300000
Domestically listed
foreign shares
1300000
Du Xinye 1223000
RMB ordinary
shares
1223000
Explanations on the association
relationship or concerted action among
the above-mentioned shareholders
Shenzhen SEG Group Co. Ltd. has no association relationship with other shareholders and is not a
person acting in concert with other shareholders as specified in the Management Methods for
Disclosure of Information on Changes in Shareholding Status of Shareholders of Listed Companies.
It is unclear whether other shareholders are persons acting in concert.Information on top 10 ordinary
shareholders participating in securities
margin trading (if any)
In the foregoing top 10 shareholders Du Xinye holds 0 share of the Company in the ordinary
account and 1223000 shares in the margin trading investor credit account which are 1223000
shares of the Company in total.
Did top 10 ordinary shareholders of the Company or top 10 ordinary shareholders of non-restricted shares conduct agreed repurchase
transactions in the reporting period?
□ Yes √ No
Top 10 ordinary shareholders of the Company or top 10 ordinary 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) Balance Sheet Statement
Item Closing balance Opening balance Difference
Increase or decrease
over the previous year
(%)
Notes receivable and accounts
receivable
94960623.30 61934101.56 33026521.74 53.33%
Loans and advances 399387108.14 -399387108.14 -100.00%
Investment property 1045353312.48 676888184.90 368465127.58 54.44%
Other non-current assets 128250017.29 93287630.00 34962387.29 37.48%
Short-term borrowing 727000000.00 534792000.00 192208000.00 35.94%
Notes payable and accounts
payable
262902343.74 470088158.63 -207185814.89 -44.07%
Advance receipts 417172922.34 707031729.23 -289858806.89 -41.00%
Payroll payable 25837106.38 41014602.99 -15177496.61 -37.01%
Tax payable 167199380.13 243477530.43 -76278150.30 -31.33%
Non-current liabilities due within
one year
64276762.54 258414693.92 -194137931.38 -75.13%
Estimated liabilities 8296619.85 1137019.85 7159600.00 629.68%
1. Notes receivable and accounts receivable increased by RMB 33.03 million or 53.33% year on year mainly because SEG Property
Management confirmed property management income worth RMB 36.97 million.
2. Loans and advances decreased by 100% year on year mainly because this item was loans and advances of SEG Credit and was no
longer incorporated as the equity of SEG Credit was sold.
3. Investment property increased by RMB 368.47 million or 54.44% year on year mainly because the commercial podium built by
Nantong SEG worth RMB 410.76 million was transferred to investment property for accounting.
4. Other non-current assets increased by RMB 34.96 million or 37.48% year on year mainly because SEG Longyan paid for
equipment in advance.
5. Short-term borrowings increased by RMB 192.21 million or 35.94% year on year mainly because bank loans increased in the
reporting period.
6. Notes payable and accounts payable decreased by RMB 207.19 million or 44.07% year on year mainly because SEG New Urban
paid the project fund in the reporting period.
7. Advance receipts decreased by RMB 289.86 million or 41% year on year mainly because SEG New Urban transferred the advance
payment for houses to operating income in the reporting period.
8. Payroll payable decreased by RMB 15.18 million or 37.01% year on year mainly because the wages and bonuses accrued in the
previous year were granted in the reporting period.
. Tax payable decreased by RMB 76.28 million or 31.33% year on year mainly because the corporate income tax for 2017 was paid
in the reporting period.
10. Non-current liabilities due within one year decreased by RMB 194.14 million or 75.13% year on year mainly because SEG Real
Estate repaid loans due within one year.
11. Estimated liabilities increased by RMB 7.16 million or 629.68% year on year mainly because Nanning SEG paid compensation
arising from lawsuits in the reporting period.(II) Profit Statement
Item
Amount of the current
period
Amount of the previous
period
Difference
Increase or decrease
over the previous
year (%)
Operating income 1444642633.92 857121747.39 587520886.53 68.55%
Interest income 6480864.92 42344251.52 -35863386.60 -84.69%
Service charges and commissions
income
888016.65 -888016.65 -100.00%
Operating costs 994429779.15 618357775.28 376072003.87 60.82%
Tax and surcharge 42196977.10 14043362.00 28153615.10 200.48%
Financial expenses 52818041.75 16196131.68 36621910.07 226.12%
Investment income 59390854.81 4144939.36 55245915.45 1332.85%
Non-operating income 4942048.24 11513024.15 -6570975.91 -57.07%
Non-operating expenses 14951136.75 1583510.27 13367626.48 844.18%
Income tax expenses 93011306.00 52159868.66 40851437.34 78.32%
Net profit attributable to owners of the
parent company
138066661.89 69193064.76 68873597.13 99.54%
Minority interest 61153347.93 19074811.94 42078535.99 220.60%
Other comprehensive income -56797.37 -158032.32 101234.95 64.06%
1. Operating income increased by RMB 587.52 million or 68.55% year on year mainly because the income of SEG New Urban
increased by RMB 592.80 million.
2. Interest income decreased by RMB 35.86 million or 84.69% mainly because the loan business of SEG Credit declined that because
the equity transfer of SEG Credit was completed in April 2018 and the service consulting business will not incurred.
3. Service charges and commissions income decreased by RMB 8.88 million or 100% year on year mainly because the equity transfer
of SEG Credit was completed in April 2018 and the service consulting business will not incurred.
4. Operating costs increased by RMB 376.0 million or 60.82% year on year mainly because the costs of SEG New Urban increased by
RMB 392.10 million.
5. Tax and surcharge increased by RMB 28.15 million or 200.48% year on year mainly because increase in the income of SEG New
Urban resulted in increase in tax expenses.
6. Financial expenses increased by RMB 36.62 million or 226.12% year on year mainly because in the reporting period (1) the real
estate project of SEG New Urban was completed and capitalization of borrowing interests; (2) increase in loans resulted in increase in
interest expenses.
. Investment income increased by RMB 55.25 million or 1332.85% year on year mainly due to investment income from sales of the
shares of Huakong SEG.
8. Non-operating income decreased by RMB 6.57 million or 57.07% year on year mainly because the compensation for shareholders
of Suzhou SEG RMB 3.50 million and government subsidies for Nantong SEG RMB 2.30 million were incurred in the same period
last year while such income was not incurred in the reporting period.
9. Non-operating expenses increased by RMB 13.37 million or 844.18% year on year mainly because in the reporting period (1) SEG
Real Estate paid for contract termination (2017 Y. 0307 M. C. No. 6835); (2) Nanning SEG paid compensation arising from lawsuits.
10. Income tax expenses increased by RMB 40.85 million or 78.32% year on year mainly because in the reporting period (1) the
Company gained the investment income of RMB 45.70 million from the sales of the shares of Huakong SEG; (2) the income of SEG
New Urban increased.
11. Net profit attributable to owners of the parent company increased by RMB 68.87 million or 99.54% year on year mainly because
in the reporting period (1) the Company gained the investment income of RMB 45.70 million from the sales of the shares of Huakong
SEG; (2) the income of SEG New Urban increased.
12. Minority interest increased by RMB 42.08 million or 220.60% year on year mainly because SEG ECO project of SEG Real Estate
reached the income recognition criteria and the sales proceeds received in advance are transferred to income resulting in increase in
net profit.
13. Other comprehensive income increased by RMB 101.23 thousand or 64.06% year on year mainly because the value of shares of
Youhao Group held by SEG Baohua a holding subsidiary of the Company in the reporting period declined less than in the same
period last year.(III) Cash Flow Statement
Item
Amount of the current
period
Amount of the previous
period
Difference
Increase or
decrease over the
previous year (%)
Cash received from interest fees and
commissions
6311198.08 47251322.15 -40940124.07 -86.64%
Tax refunds 246846.66 749351.94 -502505.28 -67.06%
Net increase in customer loans and
advances
-15664988.00 -29325104.19 13660116.19 46.58%
Cash received from investment income 64918960.93 12926977.20 51991983.73 402.20%
Cash paid for purchase and construction
of fixed assets intangible assets and
other long-term assets
66254262.96 122826868.88 -56572605.92 -46.06%
Cash received by absorbing investments 980000.00 151637998.48 -150657998.48 -99.35%
Cash received from borrowing 979000000.00 650000000.00 329000000.00 50.62%
Cash paid for debt repayment 924664813.71 681901725.48 242763088.23 35.60%
Dividends and profits paid by
subsidiaries to minority shareholders
26262417.89 47286452.85 -21024034.96 -44.46%
1. Cash received from interest fees and commissions decreased by RMB 40.94 million or 86.64% year on year mainly because the
equity transfer of SEG Credit was completed in April 2018 and the cash flow statement of SEG Credit was no longer consolidated
since May 2018.
2. Tax refunds decreased by RMB 502.5 thousand or 67.06% year on year mainly because Suzhou SEG received tax refunds of RMB
599.7 thousand in the same period last year. After adjustment of the operation model in 2017 the cash flow statement of Suzhou SEG
was no longer consolidated in 2018.
3. Net increase in customer loans and advances increased by RMB 13.66 million or 46.58% year on year mainly due to decrease in the
size of loans granted by SEG Credit in the reporting period. The equity transfer of SEG Credit was completed in April 2018 and the
cash flow statement of SEG Credit was no longer consolidated since May 2018.
4. Cash received from investment income increased by RMB 51.99 million or 402.20% year on year mainly because the Company
received cash by sales of the shares of Huakong SEG in the reporting period.
5. Cash paid for purchase and construction of fixed assets intangible assets and other long-term assets decreased by RMB 56.57
million or 46.06% year on year mainly because SEG Longyan incurred RMB 95.32 million for its new industrial park.
6. Cash received by absorbing investments decreased by RMB 150.66 million or 99.35% year on year mainly because SEG Longyan
and SEG Lianzhong received investments from minority shareholders in the same period last year.
7. Cash received from borrowing increased by RMB 329 million or 50.62% year on year mainly due to increase in bank loans
received by the Company in the reporting period.
8. Cash paid for debt repayment increased by RMB 242.76 million or 35.60% year on year mainly due to increase in bank loans due
for repayment of the Company in the reporting period.
9. Dividends and profits paid by subsidiaries to minority shareholders decreased by RMB 21.02 million or 44.46% year on year
mainly because the dividends and profits paid by SEG Credit and Suzhou SEG corresponding period of last year which amount is
14.97 million is not occurred in the reporting period.
II. Progress and impacts of major events and analysis of solutions
√ Applicable □ Not applicable
There are no other major events than major events in the following table.Overview of Major Events Disclosure Date
Inquiry Index for the Websites Disclosing
the Temporary Reports
1. On April 9 2018 the Company its
holding subsidiaries and SEG Group
entered into the Equity Transfer Agreement
concerning the transfer of 62% of the equity
of SEG Credit to SEG Group at the price of
RMB 126699000. On April 18 2018 SEG
Credit completed business registration
alteration for equity transfer where the
shareholder is changed to SEG Group and
SEG Credit is changed from a holding
subsidiary of the Company to a
wholly-owned subsidiary directly held by
SEG Group. As the short-term financing
certificates of SEG Credit subscribed by the
Company were not due yet at the time of
equity transfer the current account balance
August 31 2018
http://www.cninfo.com.cn
2018 Semi-annual Report of Shenzhen SEG
Co. Ltd.
RMB 185000000 arising from such
short-term financing certificates constituted
indirect related-party current account with
the wholly-owned subsidiary of the
controlling shareholder. As of August 20
2018 such balance and income have been
recovered in advance.
2. Nanning Haiqi Real Estate Development
Co. Ltd. vs. Nanning SEG Electronics
Market Co. Ltd. & Shenzhen SEG Co. Ltd.for the dispute over the house lease contract
(case number: 2016 G. 0102 M. C. No.
3653): According to the second-instance
judgment Nanning SEG shall pay to
Nanning Haiqi the liquidated damages of
RMB 8 million and the attorney fee of RMB
263000 and shall pay the case acceptance
fee of RMB 134238. The Company applied
for retrial. On July 11 2018 the Higher
People's Court of Guangxi accepted the
case.September 26 2016
http://www.cninfo.com.cn
Announcement of Shenzhen SEG Co. Ltd.
on the Receipt of Court Summons and civil
Complaints by the Company
August 31 2018
http://www.cninfo.com.cn
2018 Semi-annual Report of Shenzhen SEG
Co. Ltd.
3. SEG Industrial vs. Shenzhen Wonder
Industry Co. Ltd. Liu Guiyun & Liu Yu for
the dispute over the purchase and sales
contract (case number: (2017) Y. 0304 M.
C. No. 5092): The amount involved was
RMB 8394100. The first-instance
judgment of the case has taken effect. The
claims filed by SEG Industrial have
basically been supported. Only the overdue
fine has not been fully supported and SEG
Industrial has applied for enforcement to the
court.September 20 2018
http://www.cninfo.com.cn
Announcement of Shenzhen SEG Co. Ltd.
on the Progress of Litigation of Holding
Subsidiaries
4. SEG Industrial vs. Shenzhen Yixin
Zhongtian Technology Co. Ltd. Zhe
Shaojun & Zhao Xiaoyan for the dispute
over the purchase and sales contract (case
number: (2017) Y. 0304 M. C. No. 5088):
The amount involved was RMB 14805700.The first-instance judgment of the case has
taken effect. The claims filed by SEG
Industrial have basically been supported.Only the overdue fine has not been fully
September 20 2018
http://www.cninfo.com.cn
Announcement of Shenzhen SEG Co. Ltd.
on the Progress of Litigation of Holding
Subsidiaries
supported.
5. SEG Industrial vs. Shenzhen Comnet
Technology Co. Ltd. Xiao Qingshan Zhou
Ronghua Anhua Meishan Small Loan Co.Ltd. & Shenzhen Baiyide Technology Co.Ltd. for the dispute over the purchase and
sales contract (case number: (2017) Y. 0304
M. C. No. 7976): The amount involved was
RMB 5155400. According to the
first-instance judgment SEG Industrial was
the prevailing party. The counterparty
arrested the first-instance judgment and
instituted an appeal. The case is under the
second instance trial.September 20 2018
http://www.cninfo.com.cn
Announcement of Shenzhen SEG Co. Ltd.
on the Progress of Litigation of Holding
Subsidiaries
6. SEG Industrial vs. Shenzhen Runneng
Digital Technology Co. Ltd. Xiao
Qingshan Zhou Ronghua Anhua Meishan
Small Loan Co. Ltd. & Shenzhen Baiyide
Technology Co. Ltd. for the dispute over
the purchase and sales contract (case
number: (2017) Y. 0304 M. C. No. 7977):
The amount involved was RMB 15345000.
According to the first-instance judgment
SEG Industrial was the prevailing party. The
counterparty arrested the first-instance
judgment and instituted an appeal. The case
is under the second instance trial.September 20 2018
http://www.cninfo.com.cn
Announcement of Shenzhen SEG Co. Ltd.
on the Progress of Litigation of Holding
Subsidiaries
7. In the reporting period Shenzhen
Norbida Environmental Protection Co. Ltd.sued against Shenzhen SEG Property
Development Co. Ltd. for the dispute over
the cooperation contract (case number:
(2018) S. Z. S. Zi. No. 987): The amount
involved was RMB 3989700. The case is
under trial.
August 31 2018
http://www.cninfo.com.cn
2018 Semi-annual Report of Shenzhen SEG
Co. Ltd.
8. In the reporting period Shenzhen SEG
New Urban Construction Development Co.Ltd. sued against MINMAXS City
Investment Management Co. Ltd. and
Belugaplan Culture Development (Dalian)
Co. Ltd. respectively for disputes over
lease contracts. The amount involved was
August 31 2018
http://www.cninfo.com.cn
2018 Semi-annual Report of Shenzhen SEG
Co. Ltd.
RMB 8541500. Both cases are under trial.
9. In the reporting period Nantong SEG
Commercial Operation Management Co.
Ltd. was involved in 15 cases (including
four additional cases) because the
merchants delayed the payment of rents and
management expenses to Nantong SEG
Operation resulting in disputes over lease
contracts. The amount involved was RMB
7416700. 14 cases have been settled and
Nantong SEG Operation was the prevailing
party. One case is under the second instance
trial.
August 31 2018
http://www.cninfo.com.cn
2018 Semi-annual Report of Shenzhen SEG
Co. Ltd.
10. In the reporting period Nantong SEG
was involved in 16 cases (including 11
additional cases and Nantong SEG was the
defendant in two cases) for disputes over
decoration contracts. The amount involved
was RMB 34156300.
August 31 2018
http://www.cninfo.com.cn
2018 Semi-annual Report of Shenzhen SEG
Co. Ltd.
11.
comprehensive credit line of RMB 150
million yuan with its own assets mortgage>:
Huizhou Stars a holding subsidiary of SEG
Real Estate (a holding subsidiary of the
Company) intends to mortgage its
self-owned property: 50 commercial
properties in 1-5F of SEG Holiday Plaza to
apply for a loan with the general credit limit
of RMB 150000000 to the bank for
repayment of borrowing from its
shareholders.
August 28 2018
http://www.cninfo.com.cn/
Announcement of Shenzhen SEG Co. Ltd.
on the Resolution of the 38th Extraordinary
Meeting of the 7th Board of Directors
12. Huizhou Stars a holding subsidiary of
SEG Real Estate (a holding subsidiary of
the Company) acquired the state-owned
land use right of the land parcel (No.
GP2018-7) located in Huizhou Guangdong
transferred by Huizhou Land Resources
Bureau by listing and bidding at the price of
RMB 133000000.
August 29 2018
http://www.cninfo.com.cn/
Announcement of Shenzhen SEG Co. Ltd.
on the Acquisition of the Land Use Right by
Huizhou Stars Real Estate Development
Co. Ltd.
.
public offering corporate bonds> &
shareholders to authorize the board of
directors and authorized persons of the
Board of directors to handle the issue of
corporate bonds to qualified investors>:
Through negotiation between the Company
and intermediaries such as brokers and legal
consultants hired for the issuance of
corporate bonds the Company adjusted the
content of the "purchaser" clause in the
corporate bond public offering program as
follows:
1) Before adjustment:
The corporate bonds are issued to no more
than 200 qualified investors that comply
with the Regulations on the Administration
of Issuance and Transaction of Corporate
Bonds (the directors supervisors senior
executives and shareholders of the issuer
that hold more than 5% of the shares of the
Company can subscribe and transfer
corporate bonds issued by the Company
which are not subject to the qualifications of
qualified investors).
2) After adjustment:
The corporate bonds are issued to qualified
investors that comply with the Regulations
on the Administration of Issuance and
Transaction of Corporate Bonds and other
laws and regulations through public
offering.The Board of Directors and authorized
personnel of the Board of Directors are
granted with full power to handle public
offering of corporate bonds to qualified
investors.September 22 2018
http://www.cninfo.com.cn/
Announcement of Shenzhen SEG Co. Ltd.
on the Resolution of the 40th Extraordinary
Meeting of the 7th Board of Directors
October 11 2018
http://www.cninfo.com.cn/
Announcement of Shenzhen SEG Co. Ltd.
on the Resolution of the 4th Extraordinary
General Meeting in 2018 of Shenzhen SEG
Co. Ltd.
14.
counter guarantee for corporate bonds>:
Based on the situation of the bond market
in order to lower the general costs of bond
September 22 2018
Announcement of Shenzhen SEG Co. Ltd.
on Mortgage and Counter Guarantee for
the Issuance of Corporate Bonds
issuance and ensure successful issuance the
Company intends to hire the third-party
credit enhancement institution Guangdong
Utrust Financial Leasing Co. Ltd. (Utrust)
to enhance credit for its bond issuance. On a
fair and rational basis the parties agree that
the guarantee fee is collected at the rate of
0.6% of the total bonds issued through
negotiation. As required by the guarantor
the Company intends to mortgage its
commercial property located in
Huaqiangbei Futian District Shenzhen to
Utrust for counter guarantee. The general
meeting of the Company authorized the
chairman or an authorized proxy of the
chairman of the Company to sign the above
counter guarantee contract as required.October 11 2018
http://www.cninfo.com.cn/
Announcement of Shenzhen SEG Co. Ltd.
on the Resolution of the 4th Extraordinary
General Meeting in 2018 of Shenzhen SEG
Co. Ltd.
15. Resignation of the director Zhang
Guangliu and election of Gao Jianbo as a
director
July 19 2018
Announcement of Shenzhen SEG Co. Ltd.
on the Resignation of Directors
August 29 2018
http://www.cninfo.com.cn/
Announcement of Shenzhen SEG Co. Ltd.
on the Resolution of the 39th Extraordinary
Meeting of the 7th Board of Directors
September 14 2018
http://www.cninfo.com.cn/
Announcement of Shenzhen SEG Co. Ltd.
on the Resolution of the 3rd Extraordinary
General Meeting in 2018 of Shenzhen SEG
Co. Ltd.
16. Application for the general loan limit of
RMB 500 million to three banks
July 21 2018
http://www.cninfo.com.cn/
Announcement of Shenzhen SEG Co. Ltd.
on the Resolution of the 36th Extraordinary
Meeting of the 7th Board of Directors
17. Reduction of holding-shares of
Shenzhen Huakong SEG Co. Ltd. which is
not implemented yet in the reporting period
August 23 2018
http://www.cninfo.com.cn
Announcement of Shenzhen SEG Co. Ltd.
on the Progress of Reduction of
Holding-shares of Shenzhen Huakong SEG
Co. Ltd.
18. Nantong SEG Times Plaza Co. Ltd.'s
guarantee and joint and several liability for
bank mortgage loans of customers who have
purchased the developed project
September 22 2018
Announcement of Shenzhen SEG Co. Ltd.
on Nantong SEG Times Plaza Co. Ltd.'s
Phased Guarantee for Bank Mortgage
Loans of Customers who Have Purchased
the Developed Project
October 11 2018 http://www.cninfo.com.cn/
Announcement of Shenzhen SEG Co. Ltd.
on the Resolution of the 4th Extraordinary
General Meeting in 2018 of Shenzhen SEG
Co. Ltd.
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 Commitment term Performance
Commitment for
share reform
Not applicable
Commitment made in
the acquisition report
or the equity change
report
Not applicable
Commitments made
during major assets
restructuring
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 SegMaker SEG Recreation and SEG Property is 2855.20 m2. SEG Group
undertakes that the use of the temporary buildings belonged to SegMaker 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 expiration of the performance commitment period to
August 3 2016 April 20 2024
Extended
performance
(The Company has
applied for
extension of the
license for the said
property and
submitted
application
materials to the
relevant competent
authority for
approval. SEG
Group is assisting
with such extension
application. The
renewal application
is still under
approval and the
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."
license for renewal
is not obtained yet.)
Commitment made at
the time of initial
public offerings or
refinancing
Not applicable
Commitment on
equity incentives
Not applicable
Other commitments
made to small and
medium-sized
shareholders of the
Company
Not applicable
Commitments
fulfilled as scheduled
or not
No
If commitments are
not fulfilled as
scheduled specify the
reasons and further
work plans
The new property in the reconstruction project of SEG Industrial Building and other two buildings is a temporary building. According to the license the service duration of the temporary
building is from April 21 2016 to April 20 2018. Upon expiration the licensed service duration can be extended for a period of one year. The Company has applied for extension of the
license for the said property and submitted application materials to the relevant competent authority for approval. SEG Group is assisting with such extension application. The renewal
application is still under approval and the license for renewal is not obtained yet.IV. Estimation of operating results of 2018
Warning of negative estimated accumulated net profit from the beginning of the year to the end of the next reporting period or large fluctuation over the same period last year and
causes
□ Applicable √Not applicable
V. Securities investment
√ Applicable □ √Not applicable
Stock type
Stock
code
Short form of
the security
Initial
investment cost
Accounting
measurement
mode
Opening book
value
Profit or loss
from changes
in fair value in
the current
period
Accumulative
changes in
fair value
counted into
equity
Amount of
purchase
in the
current
period
Amount of
sales in the
current period
Profit or loss in
the reporting
period
Closing book
value
Accounting item
Source of
capital
Domestic
and
overseas
shares
600778
Youhao
Group
90405.00
Measurement
by fair value
365918.49 -77674.24 288244.25
Available-for-sale
financial assets
Self-owned
capital
Domestic
and
overseas
shares
000068
Huakong
SEG
183372210.43
Measurement
by fair value
171297598.43 42.83 -9538391.50 -9694393.72 152064856.04 Other assets
Self-owned
capital
Domestic
and
overseas
shares
832770
SEG
Navigations
8275321.43
Measurement
with the cost
method
13515392.83 0.00 0.00 0.00 13515392.83
Available-for-sale
financial assets
Self-owned
capital
Other securities investments held at
the end of the period
-- -- --
Total 191737936.86 -- 185178909.75 -77631.41 0.00 -9538391.50 -9694393.72 165868493.12 -- --
Disclosure date of the
announcement on approval of
securities investments by the Board
of Directors
Disclosure date of the
announcement on approval of
securities investments by the
General Meeting (if any)
VI. Financial management by agent
√ Applicable □ √Not applicable
Unit: RMB 10000
Type Source of capital Amount incurred Outstanding balance
Amount overdue
unrecovered
Financial products of
banks
Self-owned capital 62600 18100 0
Total 62600 18100 0
Details of financial management by agent with single significant amount or low security poor liquidity or no capital preservation
√Applicable □ Not applicable
Unit: ten thousand yuan
Name
of
trustee
Type
of
trust
ee
Prod
uct
type
Amo
unt
Fun
d
sour
ce
Start
date
End
date
Fun
d
usag
e
Rem
uner
ation
conf
irma
tion
meth
od
Refe
renc
e
annu
al
yield
Exp
ecte
d
yield
(if
any)
Actu
al
loss
and
gain
amo
unt
in
the
repo
rting
peri
od
Actu
al
retur
n of
gain
s
and
losse
s in
the
repo
rting
peri
od
Accr
ued
prov
ision
s for
impa
irme
nt (if
any)
Thro
ugh
legal
proc
edur
es or
not
Entr
uste
d
fina
ncin
g
plan
in
the
futur
e or
not
Sum
mar
y
and
relat
ed
quer
y
inde
x (if
any)
Indust
rial
and
Comm
ercial
Bank
of
China
Bank
Non
guar
ante
ed
float
ing
inco
me
type
300
0
Inter
nal
fund
s
Apri
l
26
20
18
Apri
l 20
2019
High
liqui
dity
asset
s &
Debt
asset
s &
Othe
r
asset
s &
portf
olio
repa
y the
capit
al
and
inter
est
after
matu
rity
5.00
%
147.
95
0 Pre
matu
rity
YES YES
Total
300
0
-- -- -- -- -- -- 147.
95
0 -- -- -- -- --
Financial management by agent of which the principal is expected not to be recovered or other circumstances that may result in
impairment
□ Applicable √ Not applicable
VII. Derivative investment
□ Applicable √ Not applicable
No derivative investment is involved in the reporting period.VIII. Registration form for investigations communication and interviews in the reporting
period
√ Applicable □ Not applicable
Time Means Type Investigation Index
September 17 Phone call Individual
Inquire about the number of shareholders as of September 15. The Company has
given a reply according to the register of shareholders released by the Securities
Depository and Clearing Corporation.
September 21 Phone call Individual
Inquire about the recent operation of the Company. The Company has given a basic
reply and suggests referring to the 2018 Semi-Annual Report disclosed for details.September 21 Phone call Individual
Inquire about the recent operation of the Company. The Company has given a basic
reply and suggests referring to the 2018 Semi-Annual Report disclosed for details.IX. Illegal external guarantee
□ Applicable √ Not applicable
No illegal external guarantee is involved in the reporting period.X. Non-operating capital occupation on the listed company by the controlling shareholders and
related parties
□ Applicable √ Not applicable
No non-operating capital occupation on the listed company by the controlling shareholders and related parties is involved in the
reporting period.
Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet Statement
Prepared by: Shenzhen SEG Co. Ltd.September 30 2018
Unit: Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 913728679.25 951482605.92
Deposit reservation for balance
Loans to other banks
Financial assets measured by fair value
with changes included in current gains and
losses
Derivative financial assets
Notes receivable and accounts
receivable
94960623.30 61934101.56
Including: Notes receivable
Accounts receivable 94960623.30 61934101.56
Prepayment 37914021.76 34718079.54
Premiums receivable
Reinsurance accounts receivable
Reinsurance deposit receivable
Other accounts receivable 94841153.68 96057159.50
Redemptory monetary capital for
resale
Inventory 2724461471.48 3551100320.71
Held-for-sale assets
Non-current assets due within one year
Other current assets 634071707.58 565577916.34
Total current assets 4499977657.05 5260870183.57
Non-current assets:
Loans and advances issued 399387108.14
Financial assets available for sale 34085457.57 34161311.32
Held-to-maturity investment
Long-term receivables
Long-term equity investment 184909829.55 211973322.32
Investment property 1045353312.48 676888184.90
Fixed assets 58654732.03 62404988.93
Construction in progress 88083295.64 71745514.32
Productive biological assets
Oil & gas assets
Intangible assets 31768346.63 31831783.09
Development expenses
Goodwill 10328927.82 10328927.82
Long-term expenses to be amortized 109569947.95 109813025.95
Deferred income tax assets 28294837.51 29898440.39
Other non-current assets 128250017.29 93287630.00
Total non-current assets 1719298704.47 1731720237.18
Total assets 6219276361.52 6992590420.75
Current liabilities:
Short-term borrowing 727000000.00 534792000.00
Loans from central bank
Deposits from customers and interbank
Loans from other banks
Financial liabilities measured by fair
value with changes included in current gains
and losses
Derivative financial liabilities
Notes payable and accounts payable 262902343.74 470088158.63
Advance receipts 417172922.34 707031729.23
Financial assets sold for repurchase
Service charges and commissions
payable
Payroll payable 25837106.38 41014602.99
Taxes payable 167199380.13 243477530.43
Other payables 993666478.86 1297372714.67
Reinsurance accounts payable
Insurance deposit
Customer brokerage deposits
Securities underwriting brokerage
deposits
Held-for-sale liabilities
Non-current liabilities due within one
year
64276762.54 258414693.92
Other current liabilities 110798.12
Total current liabilities 2658165792.11 3552191429.87
Non-current liabilities:
Long-term borrowing 848000000.00 754750000.00
Bonds payable
Preferred stock
Perpetual capital securities
Long-term payables
Long-term payroll payable
Estimated liabilities 8296619.85 1137019.85
Deferred income 12169416.33 12336620.96
Deferred income tax liabilities 85261828.43 91251453.07
Other non-current liabilities
Total non-current liabilities 953727864.61 859475093.88
Total liabilities 3611893656.72 4411666523.75
Owners' equity:
Share capital 1235656249.00 1235656249.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve 156892820.25 166019870.19
Less: Treasury shares
Other comprehensive income 99844.49 137629.12
Special reserve
Surplus reserve 138710473.33 138710473.33
General risk provision
Undistributed profits 446743829.87 376704148.51
Total equity attributable to owners of the
parent company
1978103216.94 1917228370.15
Minority shareholders' equity 629279487.86 663695526.85
Total owners' equity 2607382704.80 2580923897.00
Total liabilities and owners' equity 6219276361.52 6992590420.75
Legal representative: Chen Huijie Person in charge of accounting: Liu Zhijun Responsible person of the
accounting institution: Ying Huadong
2. Balance Sheet Statement of the Parent Company
Unit: Yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 237393642.83 104463125.70
Financial assets measured by fair value
with changes included in current gains and
losses
Derivative financial assets
Notes receivable and accounts
receivable
405000.00 1105493.93
Including: Notes receivable
Accounts receivable 405000.00 1105493.93
Prepayment 166588.88 46153.86
Other accounts receivable 1118421411.56 1029163364.11
Inventory 395764.94 395764.94
Held-for-sale assets
Non-current assets due within one year
Other current assets 165563507.05 321967708.13
Total current assets 1522345915.26 1457141610.67
Non-current assets:
Financial assets available for sale 33515392.83 33515392.83
Held-to-maturity investment
Long-term receivables
Long-term equity investment 1337091956.76 1419623352.33
Investment property 255472305.33 263361638.46
Fixed assets 17423276.68 17919657.80
Construction in progress 4852083.01 4175779.03
Productive biological assets
Oil & gas assets
Intangible assets 1553654.44 1367666.09
Development expenses
Goodwill
Long-term expenses to be amortized 6065828.77 7673085.72
Deferred income tax assets 9814219.76 8380569.73
Other non-current assets
Total non-current assets 1665788717.58 1756017141.99
Total assets 3188134632.84 3213158752.66
Current liabilities:
Short-term borrowing 729000000.00 530000000.00
Financial liabilities measured by fair
value with changes included in current gains
and losses
Derivative financial liabilities
Notes payable and accounts payable 206374.11 206374.11
Advance receipts 16208588.56 23072035.80
Payroll payable 4151792.65 5391313.71
Taxes payable 11124781.50 18757359.46
Other payables 442952439.22 749265836.65
Held-for-sale liabilities
Non-current liabilities due within one
year
Other current liabilities
Total current liabilities 1203643976.04 1326692919.73
Non-current liabilities:
Long-term borrowing
Bonds payable
Preferred stock
Perpetual capital securities
Long-term payables
Long-term payroll payable
Estimated liabilities 8296619.85 1137019.85
Deferred income 7077909.37 0.00
Deferred income tax liabilities
Other non-current liabilities 0.00 8883045.38
Total non-current liabilities 15374529.22 10020065.23
Total liabilities 1219018505.26 1336712984.96
Owners' equity:
Share capital 1235656249.00 1235656249.00
Other equity instruments
Preferred stock
Perpetual capital securities
Capital reserve 231415947.36 240542997.30
Less: Treasury shares
Other comprehensive income 144.40 51.46
Special reserve
Surplus reserve 138710473.33 138710473.33
Undistributed profits 363333313.49 261535996.61
Total owners' equity 1969116127.58 1876445767.70
Total liabilities and owners' equity 3188134632.84 3213158752.66
3. Consolidated Profit Statement in the Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Total operating revenue 561704545.25 275268163.32
Including: Operating revenue 561704545.25 264775121.17
Interest income 0.00 10237004.43
Earned premiums 0.00 0.00
Service charges and
commissions income
0.00 256037.72
II. Total operating cost 461817703.47 245313012.12
Including: Operating cost 385280407.90 191696254.24
Interest expenses -457500.00
Commissions
Surrender value
Net compensation pay-outs
Net insurance deposit
accrued
Insurance dividends
Reinsurance expenses
Operating tax and surcharge 18760506.17 3464139.55
Sale expenses 9863748.78 11030202.70
Management expenses 30304372.95 28650475.44
R&D expenses 0.00 0.00
Financial expenses 17608667.67 6198248.25
Including: Interest cost 56338849.11 0.00
Interest income -4428143.40 0.00
Loss from asset impairment 0.00 4731191.94
Add: Other income
Income from investment (enter
"-" for loss)
693535.91 3736010.87
Including: Income from investment in
joint ventures or associates
-4808467.81 404799.96
Income from changes in the fair
value (enter "-" for loss)
Exchange gain (enter "-" for loss)
Gain on asset disposal (enter "-" for loss)
III. Operating profit (enter "-" for loss) 100580377.69 33691162.07
Add: Non-operating revenue 2428758.29 4286065.82
Less: Non-operating expenses 1797197.37 1033612.57
IV. Total profit (enter "-" for total loss) 101211938.61 36943615.32
Less: Income tax 32529740.36 13377441.66
V. Net profit (enter "-" for net loss) 68682198.25 23566173.66
1. Income from continuing operations
(enter "-" for net loss)
205277474.20 0.00
2. Income from discontinued operations
(enter "-" for net loss)
-6057464.41 0.00
Net profit attributable to owners of
the parent company
40399673.95 19184279.34
Minority interest 28282524.30 4381894.32
VI. Net of tax of other comprehensive
income
-1702.10 2688.08
Total net of tax of other
comprehensive income attributable to
owners of the parent company
-20106.43 1775.47
1. Other comprehensive income not
to be reclassified into gains and losses
(1) Changes in net liabilities
or net assets of the re-measured defined
benefit plans
(2) Other comprehensive
income not to be reclassified into gains
and losses under the equity method
2. Other comprehensive income to
be reclassified into gains and losses
-20106.43 1775.47
(1) Shares of the investee of
other comprehensive income to be
reclassified into gains and losses under
the equity method
25.45 -42.65
(2) Gains and losses from
changes in the fair value of the
available-for-sale financial assets
-20131.88 1818.12
(3) Held-to-maturity
investments categorized as gains and
losses from the available-for-sale
financial assets
0.00 0.00
(4) Effective gains or loss
from cash flows
0.00 0.00
(5) Foreign currency
translation differences
0.00 0.00
(6) Others 0.00 0.00
Net of tax of other comprehensive
income attributable to minority
shareholders
18404.33 912.61
VII. Total comprehensive income 68680496.15 23568861.74
Total comprehensive income
attributable to shareholders of the parent
company
40379567.52 19186054.81
Total comprehensive income
attributable to minority shareholders
28300928.63 4382806.93
VIII. Earnings per share
1. Basic earnings per share 0.0327 0.0155
2. Diluted earnings per share 0.0327 0.0155
In terms of business combination under common control the net profit of the combined party recognized before combination is RMB
0 in the reporting period and that recognized in the previous period is RMB 0.
Legal representative: Chen Huijie Person in charge of accounting: Liu Zhijun Responsible person of the
accounting institution: Ying Huadong
. Profit Statement of the Parent Company in the Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Operating revenue 17036869.30 19323775.88
Less: Operating cost 12635598.64 17694583.27
Tax and surcharge 1077632.77 1198616.06
Sale expenses 216482.56 0.00
Management expenses 5658227.51 5445362.30
R&D expenses 0.00 0.00
Financial expenses 6502132.55 5219640.28
Including: Interest cost 23002334.12 0.00
Interest income -8312097.89 0.00
Loss from asset impairment 0.00 0.00
Add: Other income 0.00 0.00
Income from investment (enter
"-" for loss)
95833070.48 34039874.19
Including: Income from investment in
joint ventures or associates
-4808467.81 -1059073.63
Income from changes in the fair
value (enter "-" for loss)
Gain on asset disposal (enter "-" for loss)
II. Operating profit (enter "-" for loss) 86779865.75 23805448.16
Add: Non-operating revenue 1570422.99 3975499.99
Less: Non-operating expenses 1700000.00 0.00
III. Total profit (enter "-" for total loss) 86650288.74 27780948.15
Less: Income tax -1546771.59 920525.97
IV. Net profit (enter "-" for net loss) 88197060.33 26860422.18
1. Income from continuing operations
(enter "-" for net loss)
88197060.33 26860422.18
2. Income from discontinued operations
(enter "-" for net loss)
V. Net of tax of other comprehensive
income
118.39 -42.65
1. Other comprehensive income not
to be reclassified into gains and losses
(1) Changes in net liabilities
or net assets of the re-measured defined
benefit plans
(2) Other comprehensive
income not to be reclassified into gains
and losses under the equity method
2. Other comprehensive income to
be reclassified into gains and losses
118.39 -42.65
(1) Shares of the investee of
other comprehensive income to be
reclassified into gains and losses under
the equity method
118.39 -42.65
(2) Gains and losses from
changes in the fair value of the
available-for-sale financial assets
(3) Held-to-maturity
investments categorized as gains and
losses from the available-for-sale
financial assets
(4) Effective gains or loss
from cash flows
(5) Foreign currency
translation differences
(6) Others 0.00
VI. Total comprehensive income 88197178.72 26860379.53
VII. Earnings per share
1. Basic earnings per share 0 0
2. Diluted earnings per share 0 0
5. Consolidated Profit Statement from the Beginning of the Year to the End of the Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Total operating revenue 1451123498.84 900354015.56
Including: Operating revenue 1444642633.92 857121747.39
Interest income 6480864.92 42344251.52
Earned premiums
Service charges and
commissions income
888016.65
II. Total operating cost 1208273949.32 774000723.44
Including: Operating cost 994429779.15 618357775.28
Interest expenses
Commissions
Surrender value
Net compensation pay-outs
Net insurance deposit
accrued
Insurance dividends
Reinsurance expenses
Operating tax and surcharge 42196977.10 14043362.00
Sale expenses 23051951.82 29960498.74
Management expenses 92415176.65 91253807.59
R&D expenses 0.00 0.00
Financial expenses 52818041.75 16196131.68
Including: Interest cost 56338849.11 19592581.90
Interest income -4428143.40 -4138109.78
Loss from asset impairment 3362022.85 4189148.15
Add: Other income
Income from investment (enter
"-" for loss)
59390854.81 4144939.36
Including: Income from investment in
joint ventures or associates
-16716197.00 -6581127.80
Income from changes in the fair
value (enter "-" for loss)
Exchange gain (enter "-" for loss)
Gain on asset disposal (enter "-" for loss)
III. Operating profit (enter "-" for loss) 302240404.33 130498231.48
Add: Non-operating revenue 4942048.24 11513024.15
Less: Non-operating expenses 14951136.75 1583510.27
IV. Total profit (enter "-" for total loss) 292231315.82 140427745.36
Less: Income tax 93011306.00 52159868.66
V. Net profit (enter "-" for net loss) 199220009.82 88267876.70
1. Income from continuing operations
(enter "-" for net loss)
205277474.23 88267876.70
2. Income from discontinued operations
(enter "-" for net loss)
-6057464.41
Net profit attributable to owners of
the parent company
138066661.89 69193064.76
Minority interest 61153347.93 19074811.94
VI. Net of tax of other comprehensive
income
-56797.37 -158032.32
Total net of tax of other
comprehensive income attributable to
owners of the parent company
-37828.28 -105252.95
1. Other comprehensive income not
to be reclassified into gains and losses
(1) Changes in net liabilities
or net assets of the re-measured defined
benefit plans
(2) Other comprehensive
income not to be reclassified into gains
and losses under the equity method
2. Other comprehensive income to
be reclassified into gains and losses
-37828.28 -105252.95
(1) Shares of the investee of
other comprehensive income to be
reclassified into gains and losses under
the equity method
(2) Gains and losses from
changes in the fair value of the
available-for-sale financial assets
-37828.28 -105252.95
(3) Held-to-maturity
investments categorized as gains and
losses from the available-for-sale
financial assets
(4) Effective gains or loss
from cash flows
(5) Foreign currency
translation differences
(6) Others
Net of tax of other comprehensive
income attributable to minority
shareholders
-18969.09 -52779.37
VII. Total comprehensive income 199163212.45 88109844.38
Total comprehensive income 138028833.61 69087811.81
attributable to shareholders of the parent
company
Total comprehensive income
attributable to minority shareholders
61134378.84 19022032.57
VIII. Earnings per share
1. Basic earnings per share 0.1117 0.0560
2. Diluted earnings per share 0.1117 0.0560
In terms of business combination under common control the net profit of the combined party recognized before combination is RMB
0 in the reporting period and that recognized in the previous period is RMB 0.
6. Profit Statement of the Parent Company from the Beginning of the Year to the End of the Reporting
Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Operating revenue 54002637.18 67867136.83
Less: Operating cost 33720284.08 53370069.61
Tax and surcharge 3512934.28 3762158.11
Sale expenses 216482.56
Management expenses 16232297.04 14467955.34
R&D expenses
Financial expenses 14837050.62 13397232.97
Including: Interest cost 23002334.12 14197532.76
Interest income -8312097.89 -1006982.75
Loss from asset impairment
Add: Other income
Income from investment (enter
"-" for loss)
204345458.34 88959441.49
Including: Income from investment in
joint ventures or associates
-13741197.00 -6482084.00
Income from changes in the fair
value (enter "-" for loss)
Gain on asset disposal (enter "-" for loss)
II. Operating profit (enter "-" for loss) 189829046.94 71829162.29
Add: Non-operating revenue 2772317.01 7059365.47
Less: Non-operating expenses 8874462.04 91300.00
III. Total profit (enter "-" for total loss) 183726901.91 78797227.76
Less: Income tax 13902604.49 3564723.70
IV. Net profit (enter "-" for net loss) 169824297.42 75232504.06
1. Income from continuing operations
(enter "-" for net loss)
169824297.42 75232504.06
2. Income from discontinued operations
(enter "-" for net loss)
V. Net of tax of other comprehensive
income
92.94 -104.81
1. Other comprehensive income not
to be reclassified into gains and losses
(1) Changes in net liabilities
or net assets of the re-measured defined
benefit plans
(2) Other comprehensive
income not to be reclassified into gains
and losses under the equity method
2. Other comprehensive income to
be reclassified into gains and losses
92.94 -104.81
(1) Shares of the investee of
other comprehensive income to be
reclassified into gains and losses under
the equity method
92.94 -104.81
(2) Gains and losses from
changes in the fair value of the
available-for-sale financial assets
(3) Held-to-maturity
investments categorized as gains and
losses from the available-for-sale
financial assets
(4) Effective gains or loss
from cash flows
(5) Foreign currency
translation differences
(6) Others
VI. Total comprehensive income 169824390.36 75232399.25
VII. Earnings per share
1. Basic earnings per share 0 0
2. Diluted earnings per share 0 0
. Consolidated Cash Flow Statement from the Beginning of the Year to the End of the Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Cash flow from operating activities:
Cash received from sales of goods
and rendering of services
1190798262.16 1314055894.12
Net increase in deposits from
customers and interbank
Loans from central bank
Net increase in loans from other
banks
Cash received from premium of the
original insurance contract
Net cash received from reinsurance
business
Net increase in the deposit of the
insured and investments
Net increase in financial assets
measured by fair value with changes
included in current gains and losses
Cash received from interest and
commissions
6311198.08 47251322.15
Net increase in loans from other
banks
Net increase in redemption capital
Tax refunds 246846.66 749351.94
Other cash received from operating
activities
253127937.32 393011976.89
Subtotal of cash inflow from operating
activities
1450484244.22 1755068545.10
Cash paid for goods and service 565344689.47 685380979.09
Net increase in loans to customers
and advances
-15664988.00 -29325104.19
Net increase in deposits with central
bank and interbank
Cash paid for indemnity payment of
the original insurance contract
Cash paid for interest and 76146.53
commissions
Cash paid as insurance dividends
Cash paid to and on behalf of
employees
195861678.08 202653001.58
Taxes paid 264954200.49 249526081.87
(1) Other cash received from
operating activities
351574995.06 366594717.62
Subtotal of cash outflow in operating
activities
1362070575.10 1474905822.50
Net cash flow from operating activities 88413669.12 280162722.60
III. Cash flow from financing activities:
Cash received from withdrawal of
investment
1395212511.69 1331000000.00
Cash received from investment
income
64918960.93 12926977.20
Net cash received from disposal of
fixed assets intangible assets and other
long-term assets
1220.00 2320.00
Net cash received from disposal of
subsidiaries and other business units
126699000.00
Other cash received from financing
activities
Subtotal of cash inflow from financing
activities
1586831692.62 1343929297.20
Cash paid for purchase and
construction of fixed assets intangible
assets and other long-term assets
66254262.96 122826868.88
Cash paid for investment 1633847350.55 1477819502.86
Net increase in mortgage loans
Net cash paid for acquisition of
subsidiaries and other business units
Other cash paid for investment
activities
Subtotal of cash outflow in financing
activities
1700101613.51 1600646371.74
Net cash flow arising from financing
activities
-113269920.89 -256717074.54
III. Cash flow from financing activities:
Cash received by absorbing
investment
980000.00 151637998.48
Including: Cash received by
subsidiaries from investment of minority
shareholders
980000.00 151637998.48
Borrowings received 979000000.00 650000000.00
Cash received from bond issuance
Other cash received from financing
activities
196900800.36 0.00
Subtotal of cash inflow from financing
activities
1176880800.36 801637998.48
Cash paid for debt repayment 924664813.71 681901725.48
Cash paid for dividend and profit
distribution or interest payment
95444956.60 120771753.52
Including: Dividends and profit
paid by subsidiaries to minority
shareholders
26262417.89 47286452.85
Other cash paid for financing
activities
169669157.90 100468327.16
Subtotal of cash outflow in financing
activities
1189778928.21 903141806.16
Net cash flow arising from financing
activities
-12898127.85 -101503807.68
IV. Influence of exchange rate
fluctuation on cash and cash equivalents
452.95 0.00
V. Net increase of cash and cash
equivalents
-37753926.67 -78058159.62
Add: Opening balance of cash and
cash equivalents
951482605.92 1131523641.19
VI. Closing balance of cash and cash
equivalents
913728679.25 1053465481.57
8. Cash Flow Statement of the Parent Company from the Beginning of the Year to the End of the Reporting
Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Cash flow from operating activities:
Cash received from sales of goods
and rendering of services
51123098.98 68525179.03
Tax refunds
Other cash received from operating
activities
311283263.32 25708003.30
Subtotal of cash inflow from operating
activities
362406362.30 94233182.33
Cash paid for goods and service 27256444.94 56734763.54
Cash paid to and on behalf of
employees
19716496.24 27422885.12
Taxes paid 26671624.06 28919662.75
Other cash received from operating
activities
185871943.22 101134157.57
Subtotal of cash outflow in operating
activities
259516508.46 214211468.98
Net cash flow from operating activities 102889853.84 -119978286.65
II. Cash flow from financing activities:
Cash received from withdrawal of
investment
525597700.00 719000000.00
Cash received from investment
income
218497996.91 83162204.40
Net cash received from disposal of
fixed assets intangible assets and other
long-term assets
Net cash received from disposal of
subsidiaries and other business units
77654200.00
Other cash received from financing
activities
Subtotal of cash inflow from financing
activities
821749896.91 802162204.40
Cash paid for purchase and
construction of fixed assets intangible
assets and other long-term assets
114000.00 0.00
Cash paid for investment 693000000.00 818620000.00
Net cash paid for acquisition of
subsidiaries and other business units
Other cash paid for investment
activities
Subtotal of cash outflow in financing
activities
693114000.00 818620000.00
Net cash flow arising from investment
activities
128635896.91 -16457795.60
III. Cash flow from financing activities:
Cash received by absorbing
investment
Borrowings received 729000000.00 500000000.00
Cash received from bond issuance
Other cash received from financing
activities
46394666.68 316666.67
Subtotal of cash inflow from financing
activities
775394666.68 500316666.67
Cash paid for debt repayment 530000000.00 310000000.00
Cash paid for dividend and profit
distribution or interest payment
88928233.30 51609410.91
Other cash paid for financing
activities
255061667.00 0.00
Subtotal of cash outflow in financing
activities
873989900.30 361609410.91
Net cash flow arising from financing
activities
-98595233.62 138707255.76
IV. Influence of exchange rate
fluctuation on cash and cash equivalents
V. Net increase of cash and cash
equivalents
132930517.13 2271173.51
Add: Opening balance of cash and
cash equivalents
104463125.70 90504836.76
VI. Closing balance of cash and cash
equivalents
237393642.83 92776010.27
II. Auditor's Report
Is the Q3 report audited?
□ Yes √ No
The Q3 report of the Company has not been audited.
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