Shenzhen SEG Co. Ltd. First Quarter Report for 2026
Stock code: 000058 200058 Stock abbreviation: SHEN SEG SHEN SEG B Notice No.: 2026-026
Shenzhen SEG Co. Ltd.The First Quarter Report for 2026
The Company and all members of the Board of Directors guarantee that the information disclosed is true accurate
and complete without any false records misleading statements or material omissions.Important Notice:
1. The Board of Directors its directors and senior management members guarantee that the quarterly report is true
accurate and complete without any false records misleading statements or material omissions and that they assume
individual and joint legal liabilities.
2. The Company's person in charge head of accounting work and head of accounting institution (accounting supervisor)
declare that they guarantee the truthfulness accuracy and completeness of the financial information in the quarterly
report.
3. Whether the First Quarter Report has been audited
□Yes □No
1Shenzhen SEG Co. Ltd. First Quarter Report for 2026
I. Main Financial Data
(I) Main accounting data and financial indicators
Whether the Company needs to perform retrospective adjustment or restatement of the accounting data from previous
years
□Yes □No
Reasons for retrospective adjustment or restatement
□Change in accounting policy □Correction of accounting error □Business combinations under common control □Other
reasons
Changes over same
Same period of previous year period of previous
Current period
year (%)
Before adjustment After adjustment After adjustment
Operating income
343592992.50357999755.03371112490.63-7.42%
(yuan)
Net profit attributable
to shareholders of
24708029.5222883073.3624189160.842.15%
the listed company
(yuan)
Net profit attributable
to shareholders of
the listed company
26066881.8725084379.3725084379.373.92%
after deducting non-
recurring profit and
loss (yuan)
Net cash flow from
operating activities -25662673.40 -34833461.92 -33776231.90 24.02%
(yuan)
Basic earnings per
0.02010.01860.01962.55%
share (yuan/share)
Diluted earnings per
0.02010.01860.01962.55%
share (yuan/share)
Weighted average
1.22%1.13%1.16%0.06%
ROE (%)
Changes over the
End of previous year end of previous year
End of current period
(%)
Before adjustment After adjustment After adjustment
Total assets (yuan) 4942318797.57 4975144722.24 4975144722.24 -0.66%
Owner's equity
attributable to
shareholders of the 2037629266.98 2013432638.88 2013432638.88 1.20%
listed company
(yuan)
(II) Non-recurring profits and losses items and amounts
□Applicable □Not applicable
Unit: RMB/yuan
Item Amount of current period Description
Profits or losses from the disposal of non-
-23773.48
current asset (including the write-off that
2Shenzhen SEG Co. Ltd. First Quarter Report for 2026
accrued for impairment of assets)
Governmental subsidies included in current
profit and loss (excluding those closely
related to the Company's normal business
operations compliant with national
443324.51
policies granted according to
predetermined standards and having a
sustained impact on the Company's profit
or loss)
Profits/losses from entrusting investments
51789.01
or asset management to others
Trusteeship fee from entrusted operations 221521.18
Other non-operating income and expenses
-2502543.34
not listed above
Other profit and loss items that qualify the
38658.38
definition of non-recurring profit and loss
Less: Affected income tax 130282.58
Affected minority equity (after-tax) -542453.97
Total -1358852.35 --
Details of other profit and loss items that qualify the definition of non-recurring profit and loss:
□Applicable □Not applicable
For investment income calculated through the equity method the Company discloses the non-recurring profit and loss of
Huakong SEG Co. Ltd. enjoyed based on shareholding as its non-recurring profit and loss.Descriptions where the Company defines any non-recurring profit and loss items listed in the No. 1 Explanatory
Announcement on Information Disclosure of Companies Offering Securities to the Public -- Non-recurring Profit and Loss
as recurring profit and loss items
□Applicable □Not applicable
The Company did not define any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on
Information Disclosure of Companies Offering Securities to the Public -- Non-recurring Profit and Loss as recurring profit
and loss items.(III) Changes of main accounting data and financial indicators and reasons for the changes
□Applicable □Not applicable
1. Consolidated balance sheet items
Unit: RMB/yuan
Changes
Reason for the
Item Closing balance Opening balance Difference over the
difference
period
Mainly due to the
Financial Company's purchase
assets held 86.74% of wealth
68254783.3236549783.3231705000.00
for trading management
products
Mainly due to the
Company's advance
Prepayments 44.99%
10545346.48 7273231.47 3272115.01 payment made to
suppliers
Mainly due to the
transfer of distributed
Construction -
-48.53% power stations to
in progress 15243592.26 29613660.89 14370068.63
fixed assets upon
completion
3Shenzhen SEG Co. Ltd. First Quarter Report for 2026
Mainly due to the
issuance of bank
acceptance notes for
Notes
/ the Company’s
payable 2989683.00 - 2989683.00 purchase of raw
materials during the
current period
Mainly due to the
increase in the
Long-term Company's finance
50.81%
payables 46663263.11 30942030.76 15721232.35 lease payables
during the current
period
2. Consolidated income statement items
Unit: RMB/yuan
Changes
Amount of the over the
Amount of the same period same period Reason for the Item Difference
current period of the of the difference
previous year previous
year
Mainly due to the year-
on-year decrease in the
Company's investment
Return on
-2039730.24 -2964301.01 924570.77 31.19% losses recognized
investment under the equity
method during the
current period
Mainly due to the write-
Credit back of bad debts
resulting from the
impairment 241471.35 -3532.51 245003.86 6935.69%
recovery of certain
losses receivables during the
current period
Mainly due to the year-
Non- on-year decrease in
-
operating 95766.18 393176.52 -75.64% non-operating income
297410.34
income such as penalty income
from customers
Mainly due to the year-
Non- on-year decrease in
-operating 2622083.00 3761675.38 -30.29% non-operating 1139592.38
expenses expenses such as late
fees
3. Consolidated cash flow statement items
Unit: RMB/yuan
Changes
over the
Amount of the
same
Amount of the same period of Reason for the Item Difference period of current period the previous difference
the
year
previous
year
Mainly due to the
year-on-year
Net cash flows from - decrease in cash
-36948189.73 -9408949.49 -292.69% financing activities 27539240.24 received from
borrowings by the
Company
4Shenzhen SEG Co. Ltd. First Quarter Report for 2026
II. Shareholder Information
(I) Total number of ordinary shareholders number of preferred shareholders whose voting
rights were resumed and shareholdings of top 10 shareholders
Unit: share
Total number of ordinary Total number of preferred shareholders whose
shareholders at the end of the 55311 voting rights were resumed at the end of the 0
reporting period reporting period (if any)
Shareholdings of top 10 shareholders (excluding shares lent through margin securities loan)
Shareholding Number of Pledged marked or frozen
Name of Nature of Number of
percentage restricted
shareholder shareholder shares Share status Number
(%) shares
Shenzhen
State-owned
SEG Group 56.54% 696163182 0 Not applicable 0
legal person
Co. Ltd.LISHERYNZH Foreign
0.65% 8045415 0 Not applicable 0
ANMING natural person
Domestic
Liu Guocheng 0.62% 7675702 0 Not applicable 0
natural person
Hong Kong
Securities Foreign legal
0.52% 6420608 0 Not applicable 0
Clearing Co. person
Ltd.Domestic
Liu Guohong 0.32% 3943746 0 Not applicable 0
natural person
Domestic
Xiao Zhiming 0.26% 3160800 0 Not applicable 0
natural person
Gong Foreign
0.24% 2940000 0 Not applicable 0
Qianhua natural person
Domestic
Ye Caipeng 0.21% 2624927 0 Not applicable 0
natural person
Domestic
Sun Fengmei 0.20% 2411300 0 Not applicable 0
natural person
Domestic
Lu Xiaowang 0.18% 2207200 0 Not applicable 0
natural person
Shareholdings of top 10 shareholders (excluding shares lent through securities lending and locked-up shares by
senior management)
Type
Name of shareholder Number of non-tradable-restricted shares
Type Number
RMB-
denominated
Shenzhen SEG Group Co. Ltd. 696163182 696163182
ordinary
shares
Domestic
LISHERYNZHANMING 8045415 listed foreign 8045415
shares
Domestic
Liu Guocheng 7675702 listed foreign 7675702
shares
RMB-
Hong Kong Securities Clearing denominated
64206086420608
Co. Ltd. ordinary
shares
Domestic
Liu Guohong 3943746 3943746
listed foreign
5Shenzhen SEG Co. Ltd. First Quarter Report for 2026
shares
RMB-
denominated
Xiao Zhiming 3160800 3160800
ordinary
shares
Domestic
Gong Qianhua 2940000 listed foreign 2940000
shares
RMB-
denominated
Ye Caipeng 2624927 2624927
ordinary
shares
RMB-
denominated
Sun Fengmei 2411300 2411300
ordinary
shares
RMB-
denominated
Lu Xiaowang 2207200 2207200
ordinary
shares
There is no related party relationships between Shenzhen SEG
Group Co. Ltd. and other shareholders nor are they persons
Description on the related relationship or
acting in concert as stipulated in the Administrative Measures on
persons acting-in-concert arrangements among
Acquisition of Listed Companies. It is unknown to the Company
the above shareholders
whether other shareholders are related parties or persons acting
in concert.Xiao Zhiming a domestic natural person holds 3160800 shares
of the Company of which 3119400 shares are held through the
credit account of margin trading and securities lending investors.Description on the top 10 shareholders' Ye Caipeng a domestic natural person holds 2624927 shares of
participation in margin trading and securities the Company of which 2584327 shares are held through the
lending business (if any) credit account of margin trading and securities lending investors.Sun Fengmei a domestic natural person holds 2411300 shares
of the Company of which 2355800 are held through the credit
account of margin trading and securities lending investors.Participation of margin securities loan by shareholders holding more than 5% of total shares top 10 shareholders and
top 10 shareholders without selling restrictions
□Applicable □Not applicable
Changes of top 10 shareholders and top 10 shareholders without selling restrictions over the previous period due to the
lending or return of shares lent through margin securities loan
□Applicable □Not applicable
(II) Total number of preferred shareholders and shareholdings of top 10 preferred shareholders
□Applicable □Not applicable
III. Other Significant Events
□Applicable □Not applicable
Overview Date of disclosure Query index on interim report disclosure website
The Notice on the Plan to Sell Stock Assets released on CNINFO
1. Sale of stock assets September 11 2025
(http://www.cninfo.com.cn/)
6Shenzhen SEG Co. Ltd. First Quarter Report for 2026
Overview Date of disclosure Query index on interim report disclosure website
The Notice on the Resolutions of the Fourth Interim General
September 30 2025
Meeting in 2025 released on CNINFO (http://www.cninfo.com.cn/)
The Notice on Completion of Sale of Stock Assets released on
January 06 2026
CNINFO (http://www.cninfo.com.cn/)
Notice on Acquisition of 81% Equity in Shenzhen 863 New
Material and Technology Co. Ltd. and Related Party Transaction
Audit Report on the Financial Statements of Shenzhen 863 New
Material and Technology Co. Ltd. Asset Valuation Report on the
December 09 2025
Project of the Valuation of All Shareholders’ Equity of Shenzhen
863 New Material and Technology Co. Ltd. in Connection with the
Proposed Equity Acquisition by Shenzhen SEG Co. Ltd. released
on CNINFO (http://www.cninfo.com.cn/)
Notice on Completion of State-Owned Assets Valuation Filing for
December 20 2025 the Equity Acquisition released on CNINFO
(http://www.cninfo.com.cn/)
2. Equity Acquisition Matters
The Notice on the Resolutions of the Sixth Interim General
December 26 2025
Meeting in 2025 released on CNINFO (http://www.cninfo.com.cn/)
Notice on Progress of Acquisition of 81% Equity in Shenzhen 863
December 31 2025 New Material and Technology Co. Ltd. and Related Party
Transaction released on CNINFO (http://www.cninfo.com.cn/)
Notice on Progress of Completion of Industrial and Commercial
Registration Change for the Acquisition of 81% Equity in
January 21 2026 Shenzhen 863 New Material and Technology Co. Ltd. and
Related Party Transaction released on CNINFO
(http://www.cninfo.com.cn/)
Notice on Provision of Guarantees by Holding Subsidiary
Shenzhen SEG Real Estate Investment Co. Ltd. to Banks for
December 06 2018
Comprehensive Credit Facilities for Its Holding Subsidiary
released on CNINFO (http://www.cninfo.com.cn/)
The Notice on the Performance of Guarantee Responsibilities by
September 27 2024 Holding Subsidiary released on CNINFO
(http://www.cninfo.com.cn/)
The Notice on Progress of the Performance of Guarantee
October 30 2024 Responsibilities by Holding Subsidiary released on CNINFO
(http://www.cninfo.com.cn/)
3. Guarantees involving holding The Notice on Progress of the Performance of Guarantee
subsidiary January 04 2025 Responsibilities by Holding Subsidiary released on CNINFO
(http://www.cninfo.com.cn/)
The Notice on Progress of the Performance of Guarantee
July 25 2025 Responsibilities by Holding Subsidiary released on CNINFO
(http://www.cninfo.com.cn/)
The Notice on Progress of the Performance of Guarantee
September 24 2025 Responsibilities by Holding Subsidiary released on CNINFO
(http://www.cninfo.com.cn/)
The Notice on Progress of the Performance of Guarantee
October 23 2025 Responsibilities by Holding Subsidiary released on CNINFO
(http://www.cninfo.com.cn/)
The Notice on Progress of the Performance of Guarantee
December 24 2025 Responsibilities by Holding Subsidiary released on CNINFO
(http://www.cninfo.com.cn/)
7Shenzhen SEG Co. Ltd. First Quarter Report for 2026
Overview Date of disclosure Query index on interim report disclosure website
The Notice on Progress of the Performance of Guarantee
January 22 2026 Responsibilities by Holding Subsidiary released on CNINFO
(http://www.cninfo.com.cn/)
The Notice on Progress of the Performance of Guarantee
March 24 2026 Responsibilities by Holding Subsidiary released on CNINFO
(http://www.cninfo.com.cn/)
Notice on the Resignation of Directors released on CNINFO
4. Resignation of Directors February 03 2026
(http://www.cninfo.com.cn)
The Notice on Progress of Litigations Involving the Holding
5. Litigations involving
March 03 2026 Second-tier Subsidiary released on CNINFO
subsidiary
(http://www.cninfo.com.cn/)
6. Asset impairment provision Notice on the Company's Provision for Impairment of Various
March 27 2026
for 2025 Assets for 2025 released on CNINFO (http://www.cninfo.com.cn)
Notice on the Plan of Profit Distribution and Conversion of Capital
7. Profit distribution for 2025 March 27 2026 Reserve to Share Capital for 2025 released on CNINFO
(http://www.cninfo.com.cn)
IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: Shenzhen SEG Co. Ltd.Unit: RMB/yuan
Item Closing balance Opening balance
Current assets:
Monetary funds 876878753.49 999406214.20
Settlement reserve
Lending funds
Financial assets held for trading 68254783.32 36549783.32
Derivative financial assets
Notes receivable 8898781.47 10839495.95
Accounts receivable 306727966.25 271907871.57
Accounts receivable financing 280600.00 291339.40
Prepayments 10545346.48 7273231.47
Premiums receivable
Reinsurance premiums receivable
Reinsurance contract reserves
receivable
Other receivables 62040130.52 47869100.42
Including: Interests receivable
Dividends receivable
Financial assets purchased under
agreements to resell
Inventory 1344522526.64 1336342465.80
Including: Data resources
Contract assets 5785832.25 5831585.36
Assets held for sale
8Shenzhen SEG Co. Ltd. First Quarter Report for 2026
Non-current assets due within one
year
Other current assets 102370217.09 99450369.96
Total current assets 2786304937.51 2815761457.45
Non-current assets:
Loans and advances
Debt investments
Other debt investments
Long-term receivables 2472113.11 2591948.84
Long-term equity investments 244119169.76 246210689.01
Investment in other equity
25624439.5026309755.61
instruments
Other non-current financial assets
Investment properties 810480153.50 821557011.48
Fixed assets 673240944.65 654462382.18
Construction in progress 15243592.26 29613660.89
Productive biological assets
Oil & gas assets
Right-of-use assets 180463239.69 174038898.19
Intangible assets 18128332.95 18306798.53
Including: Data resources
Development expenses
Including: Data resources
Goodwill 14198559.43 14198559.43
Long-term deferred expenses 35213364.60 34907962.24
Deferred tax assets 84592469.12 84605130.06
Other non-current assets 52237481.49 52580468.33
Total non-current assets 2156013860.06 2159383264.79
Total assets 4942318797.57 4975144722.24
Current liabilities:
Short-term loans 46051972.60 51458367.41
Borrowings from the Central Bank
Placements from banks and other
financial institutions
Financial liabilities held for trading
Derivative financial liabilities
Notes payable 2989683.00
Accounts payable 392448806.15 400337681.40
Prepayments 139134872.48 158758649.47
Contract liabilities 17335856.31 18948944.68
Financial assets sold under
agreements to repurchase
Deposits from customers and
interbank
Funds from securities trading
agency
Funds from securities underwriting
agency
Employee benefits payable 94941185.04 116190999.08
Taxes payable 161982464.80 167262349.83
Other payables 710086478.69 735230192.24
Including: Interests payable
Dividends payable 16257195.44 23168848.43
Service charges and commissions
payable
Reinsurance premiums payable
9Shenzhen SEG Co. Ltd. First Quarter Report for 2026
Liabilities held for sale
Non-current liabilities due within
93487415.6491742075.51
one year
Other current liabilities 9446814.76 7288485.34
Total current liabilities 1667905549.47 1747217744.96
Non-current liabilities:
Insurance contract reserves
Long-term loans 575280635.71 584677075.09
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities 172150453.99 159727690.20
Long-term payables 46663263.11 30942030.76
Long-term employee benefits
payable
Provision
Deferred income 781179.81 877639.80
Deferred tax liabilities 6263615.17 6266194.20
Other non-current liabilities
Total non-current liabilities 801139147.79 782490630.05
Total liabilities 2469044697.26 2529708375.01
Owner's equity:
Share capital 1231200672.00 1231200672.00
Other equity instruments
Including: Preference shares
Perpetual bonds
Capital reserve 121999072.11 121999072.11
Less: Treasury shares
Other comprehensive income -6272924.87 -5761523.45
Special reserves
Surplus reserves 211987596.40 211987596.40
General risk reserves
Retained earnings 478714851.34 454006821.82
Total equity attributable to owners of
2037629266.982013432638.88
the parent company
Equities of minority shareholders 435644833.33 432003708.35
Total owner's equity 2473274100.31 2445436347.23
Total liabilities and owners' equity 4942318797.57 4975144722.24
Legal representative: Liu Qing Head of accounting work: Feng Yan Head of accounting institution: Xu Zhongyang
2. Consolidated income statement
Unit: RMB/yuan
Item Amount incurred in the current period Amount incurred in the prior period
I. Total Operating Income 343592992.50 371112490.63
Including: Operating income 343592992.50 371112490.63
Interest income
Insurance premiums earned
Service charge and
commission income
II. Total Operating Cost 294024368.95 320505155.41
Including: Operating cost 244345241.80 270750604.98
Interest expense
Service charge and
commission expense
10Shenzhen SEG Co. Ltd. First Quarter Report for 2026
Surrender value
Net benefit payments
Net insurance liability
reserves
Policy dividends
Reinsurance expenses
Taxes and surcharges 7436946.25 6770872.73
Selling expenses 5529612.02 6526162.63
Administrative expenses 23131354.82 23493012.70
R&D expenses 6280235.96 5875972.83
Finance expenses 7300978.10 7088529.54
Including: Interest fees 7721422.25 5099535.56
Interest income 1934386.75 1726797.72
Plus: Other income 871588.62 739786.74
Return on investment ("-"
-2039730.24-2964301.01
indicates loss)
Including: Return on
investment in associates and joint -2091519.25 -2483329.42
ventures
Income from the
derecognition of financial assets
measured at amortized cost
Exchange gains ("-" indicates
loss)
Gains from net exposure
hedging ("-" indicates loss)
Gains from changes in fair
value ("-" indicates loss)
Credit impairment losses ("-"
241471.35-3532.51
indicates loss)
Asset impairment losses ("-"
indicates loss)
Gains from disposal of assets
("-" indicates loss)
III. Operating Profit ("-" indicates loss) 48641953.28 48379288.44
Plus: Non-operating income 95766.18 393176.52
Less: Non-operating expenses 2622083.00 3761675.38
IV. Total Profit ("-" indicates total
46115636.4645010789.58
loss)
Less: Income tax expense 17763896.30 18468410.90
V. Net Profit ("-" indicates net loss) 28351740.16 26542378.68
i. Classified by business continuity
1. Net profit from continued
business operation ("-" indicates net 28351740.16 26542378.68
loss)
2. Net profit from discontinued
business operation ("-" indicates net
loss)
ii. Classified by attribution of
ownership
1. Net profit attributable to 24708029.52 24189160.84
11Shenzhen SEG Co. Ltd. First Quarter Report for 2026
owners of the parent company
2. Minority shareholders’ profits
3643710.642353217.84
and losses
VI. Net Amount of Other
-513987.08-1817666.54
Comprehensive Income after Tax
Total other comprehensive after-
tax net income attributable to owners -511401.42 -1770972.61
of the parent company
i. Other comprehensive income
that will not be reclassified into profit -511401.42 -1770972.61
or loss
1. Changes of remeasurement
of defined benefit plan
2. Other comprehensive
income that cannot be reclassified
into profit or loss under equity
method
3. Changes in fair value of
-511401.42-1770972.61
other equity instrument investments
4. Changes in fair value of
credit risk of the enterprise
5. Others
ii. Other comprehensive income
reclassified into profit or loss
1. Other comprehensive
income that will be reclassified into
profit or loss under equity method
2. Changes in fair value of
other debt investments
3. Financial assets reclassified
into other comprehensive income
4. Credit impairment
allowance for other debt investments
5. Reserve of cash flow hedge
6. Converted difference in
foreign currency financial statements
7. Others
Total other comprehensive after-
tax net income attributable to minority -2585.66 -46693.93
shareholders
VII. Total Comprehensive Income 27837753.08 24724712.14
(I) Total comprehensive income
attributable to owners of the parent 24196628.10 22418188.23
company
(II) Total comprehensive income
3641124.982306523.91
attributable to minority shareholders
VIII. Earnings per Share:
i. Basic earnings per share 0.0201 0.0196
ii. Diluted earnings per share 0.0201 0.0196
For business combinations of the current period under common control the net profit realized by the combined party
before the combination was RMB0.00; the net profit realized by the combined party in last period was RMB0.00.Legal representative: Liu Qing Head of accounting work: Feng Yan Head of accounting institution: Xu Zhongyang
3. Consolidated cash flow statement
Unit: RMB/yuan
12Shenzhen SEG Co. Ltd. First Quarter Report for 2026
Item Amount incurred in the current period Amount incurred in the prior period
I. Cash Flows from Operating
Activities:
Cash received from sale of goods
287286401.54339114084.27
or rendering of services
Net increase in deposits from
customers banks and non-bank
financial institutions
Net increase in borrowings from
the Central Bank
Net increase in placements from
other financial institutions
Cash received from premiums of
direct insurance contracts
Net cash from reinsurance
business
Net increase in policyholder
deposits and investment funds
Cash received from interests
service charges and commissions
Net increase in placements from
banks and other financial institutions
Net increase in repo service fund
Net cash from agent securities
trading
Tax rebates 50560.75 2062.99
Cash received related to other
39508136.5652900022.35
operating activities
Subtotal of cash inflow from
326845098.85392016169.61
operating activities
Cash paid for goods purchased
92327885.60113419978.83
and services rendered
Net increase in loans and
advances to customers
Net increase in deposits with the
Central Bank banks and non-bank
financial institutions
Cash paid for claims of direct
insurance contracts
Net increase in placements with
banks and non-bank financial
institutions
Cash paid for interests fees and
commissions
Cash paid for policy dividends
Cash paid to and on behalf of
155510697.68178395689.08
employees
Tax payments 43705646.71 48129046.89
Cash paid related to other
60963542.2685847686.71
operating activities
Subtotal of cash outflow from
352507772.25425792401.51
operating activities
Net cash flows from operating -25662673.40 -33776231.90
13Shenzhen SEG Co. Ltd. First Quarter Report for 2026
activities
II. Cash Flows from Investing
Activities:
Cash received from recovery of
45723283.2026508564.54
investment
Cash received from return on
246789.01358884.58
investments
Net cash received from the
disposal of fixed assets intangible 713.90
assets and other long-lived assets
Net cash received from the
disposal of subsidiaries and other
business entities
Cash received related to other
27221.92
investing activities
Subtotal of cash inflow from investing
45997294.1326868163.02
activities
Cash paid for the acquisition and
construction of fixed assets
12455120.7162264499.16
intangible assets and other long-
lived assets
Cash paid for investments 99946295.69 51300000.00
Net increase in pledged loans
Net cash paid for acquisition of
subsidiaries and other business
entities
Cash paid related to other
investing activities
Subtotal of cash outflow from
112401416.40113564499.16
investing activities
Net cash flows from investing
-66404122.27-86696336.14
activities
III. Cash Flows from Financing
Activities:
Cash received from capital
contribution
Including: Proceeds received by
subsidiaries from minority
shareholders' investment
Cash received from borrowings 10003878.38 27373082.08
Cash received related to other
financing activities
Subtotal of cash inflow from financing
10003878.3827373082.08
activities
Cash paid for repayments of
21430635.7710474663.04
borrowings
Cash paid for interest expenses
11592298.2816574184.94
and distribution of dividends or profits
Including: Dividend and profit
paid by subsidiaries to minority 6911652.99 11583282.60
shareholders
Cash paid related to other
13929134.069733183.59
financing activities
Subtotal of cash outflow from
46952068.1136782031.57
financing activities
Net cash flows from financing -36948189.73 -9408949.49
14Shenzhen SEG Co. Ltd. First Quarter Report for 2026
activities
IV. Effect of Foreign Exchange Rate
Changes on Cash and Cash
Equivalents
V. Net Increase in Cash and Cash
-129014985.40-129881517.53
Equivalents
Plus: Opening balance of cash and
682313106.081030139267.15
cash equivalents
VI. Closing Balance of Cash and
553298120.68900257749.62
Cash Equivalents
(II) Description on the adjustment of relevant items in the financial statements at
the beginning of the year for the first time adoption of the new accounting
standards since 2026
□Applicable □Not applicable
(III) Report auditing
Whether the First Quarter Report has been audited
□Yes □No
The First Quarter Report of the Company has not been audited.Board of Directors of Shenzhen SEG Co. Ltd.April 28 2026
15
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