Shenzhen SEG Co. Ltd.
2019 3rd Quarter Report
October 2019
Chapter 1 Important Notice
The Board of Directors the Board of Supervisors the directors the
supervisors and the senior executives guarantee that the quarter report is
authentic accurate and complete and that it has no false records misleading
statements or major omissions and they are jointly and severally liable.
Chairman of the Board of Directors Zhang Liang the Chief Financial
Officer Yan Dongxia and the responsible person of the accounting institution
(Accountant in charge) Wang Lei hereby declare that the Financial Statements
enclosed in this quarter report are true accurate and complete.
Definitions
Definition
Refers
to
Description
This Company the Company the listed
company Shen SEG
Refers
to
Shenzhen SEG Co. Ltd.Shenzhen SEG Group Co. Ltd.Refers
to
Shenzhen SEG Group Co. Ltd.Suzhou TST
Refers
to
Suzhou TST Control Technology Co. Ltd.Nanjing SEG
Refers
to
Shenzhen SEG Nanjing Electronics Market Management Co. Ltd.Nanning SEG
Refers
to
Nanning SEG Digital Plaza Management 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.Hangzhou SEG Longyan
Refers
to
Hangzhou SEG Longyan Energy Technology Co. Ltd.Shenzhen-Shantou SEG Longyan Technology
Refers
to
Shenzhen-Shantou Special Cooperation Zone SEG Longyan Energy
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 Shenzhen SEG Yicheng Science and Technology Co. Ltd.
to
Target companies
Refers
to
SEG Real Estate SEG Property Development SEG Recreation and
SegMaker that major assets are injected into
Huakong SEG
Refers
to
Shenzhen Huakong SEG Co. Ltd.
SEG Navigations
Refers
to
Shenzhen SEG GPS Scientific Navigations Co. Ltd.Zhaocheng Group
Refers
to
Shenzhen Zhaocheng Investment Group Co. Ltd.Unless otherwise specified the amount referred
to in the report
Refers
to
Amount in RMB
Chapter 2 Company Profile
I. Main Accounting Data and Financial Indexes
Are retrospective adjustments made to previous financial statements?
□ Yes ? No
Amount at the end of the
reporting period
Amount at the end of last year
Increase/decrease at the end of
the reporting period over the
end of last year
Total assets (Yuan) 6245469176.91 7128009738.20 -12.38%
Net assets attributable to
shareholders of the listed company
(Yuan)
1926003299.17 1867881216.44 3.11%
Amount of the reporting
period
Year-on-year
increase/decrease
Amount from
beginning of the
year to the end of the
reporting period
Year-on-year
increase/decrease of
amount from
beginning of the year
to the end of the
reporting period
Operating income (Yuan) 348105199.21 -38.03% 1113596884.35 -22.92%
Net profit attributable to
shareholders of the listed company
(Yuan)
26970095.87 -33.24% 110257647.89 -20.14%
Net profit attributable to
shareholders of the listed company
after deduction of non-recurring
profit and loss (Yuan)
14803482.35 -58.32% 44030014.96 -50.18%
Net cash flow from operating
activities (Yuan)
-- -- 101017368.07 14.26%
Basic EPS (yuan/share) 0.0218 -33.33% 0.0892 -20.14%
Diluted EPS (yuan/share) 0.0218 -33.33% 0.0892 -20.14%
Weighted average ROE 1.42% -0.65% 5.81% -1.28%
Total capital stock of the Company as of the trading day prior to disclosure:
Total capital stock of the Company as of the
trading day prior to disclosure (share)
1235656249
Fully diluted earnings per share calculated based on the current capital stock:
Fully diluted earnings per share calculated based
on the current capital stock (Yuan/share)
0.0892
Items and Amount of Non-recurring Profit and Loss:
? Applicable □ Not applicable
Unit: yuan
Item
Amount from beginning of
the year to the end of the
reporting period
Remarks
Profit or loss on disposal of non-current assets (including the
write-off of assets depreciation reserves)
77328300.79
Reduce holding-shares of
Huakong SEG and transfer the
equity of Shenzhen-Shantou SEG
Longyan Technology resulting in
income.Tax return reduction or exemption with unauthorized approval or
without any official approval document
Government subsidies recognized in current profit or loss (except
those closely related to corporate business and enjoyed according
to national standards or certain quota)
4369752.53
Fund appropriation charges for non-financial entities recognized
in current profit or loss
1283299.33
Gains on less acquisition costs of subsidiaries associates and
joint ventures than the accrued fair value of the investee's
identifiable net assets
Profit or loss on non-monetary assets exchange
Profit or loss on investment or asset management in proxy 14130364.08
Provision for impairment of assets due to force majeure(such as
natural disasters)
Profit or loss on debt restructuring
Corporate restructuring costs such as staffing expenses and
integration costs
Profit or loss on the part exceeding the fair value in unfair
transactions
Current net profit or loss of subsidiaries incurred by business
combination under common control from the beginning of the
reporting period to the date of merger
Profit or loss on contingencies unrelated to business operation of
the Company
Profit or loss on changes in fair value due to holding of trading
financial assets derivative financial assets trading financial
liabilities and derivative financial liabilities as well as investment
income from disposal of trading financial assets derivative
financial assets trading financial liabilities derivative financial
liabilities and other debt investments apart from valid hedging
operations related to business operation of the Company
Transferred-back impairment provision for accounts receivable
and contract assets for which separate impairment tests are carried
out
Profit or loss on consignment loan
Profit or loss on changes in fair value of investment property
subsequently measured by the fair value
Impact of one-time adjustment on the current profit or loss as
required by taxation or accounting laws and regulations
Trustee fee from entrusted operation 113676.10
Other non-operating income and expenses except the
above-mentioned items
2103245.10
Other items conforming to the definition of non-recurring profit
and loss
Less: Amount of affected income tax 24832159.48
Effects of minority shareholders' equity (after tax) 8268845.51
Total 66227632.94 --
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. Number of Shareholders and Shares Held by Top 10 Shareholders at the End of the
Reporting Period
1. Total Number of Common Shareholders and Preferred Shareholders Restored with the Voting Rights
and Shares Held by Top 10 Shareholders
Unit: Share
Total number of common shareholders
at the end of the reporting period
89083
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
Shareholding
proportion
Number of
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 (01)
56.70% 700628759 450857239 / /
Liu Guocheng
Domestic natural
person (03)
0.58% 7155802 / / /
Liu Guohong
Domestic natural
person (03)
0.27% 3318098 / / /
Gong Qianhua
Overseas natural
person (05)
0.24% 2940000 / / /
China
Securities
Finance
Corporation
Limited
Domestic
non-state-owned
legal person (02)
0.18% 2271900 / / /
LI SHERYN
ZHAN MING
Overseas natural
person (05)
0.16% 1953000 / / /
Zhejiang
Jiuzhang Asset
Management
Co. Ltd. -
Jiuzhang
Huangfang
Haoyue No. 20
Private Equity
Funds and financial
products (06)
0.15% 1849100 / / /
Xu Yueying
Domestic natural
person (03)
0.14% 1780000 / / /
Fang Guowei
Overseas natural
person (05)
0.11% 1389480 / / /
Chongqing
International
Trust Co. Ltd.- Yuxin
Chuangxin
Funds and financial
products (06)
0.10% 1220000 / / /
Youshi No. 12
Assembled
Funds Trust
Unrestricted Tradable Shares Held by Top 10 Shareholders
Name of shareholder Quantity of unrestricted shares held
Type of share
Type of share Quantity
Shenzhen SEG Group Co. Ltd. 249771520
RMB common
stocks
249771520
Liu Guocheng 7155802
Domestically listed
foreign shares
7155802
Liu Guohong 3318098
Domestically listed
foreign shares
3318098
Gong Qianhua 2940000
Domestically listed
foreign shares
2940000
China Securities Finance Corporation
Limited
2271900
RMB common
stocks
2271900
LI SHERYN ZHAN MING 1953000
Domestically listed
foreign shares
1953000
Zhejiang Jiuzhang Asset Management Co.Ltd. - Jiuzhang Huangfang Haoyue No. 20
Private Equity
1849100
RMB common
stocks
1849100
Xu Yueying 1780000
Domestically listed
foreign shares
1780000
Fang Guowei 1389480
RMB common
stocks
1389480
Chongqing International Trust Co. Ltd. -
Yuxin Chuangxin Youshi No. 12
Assembled Funds Trust
1220000
RMB common
stocks
1220000
Explanations on the association or
concerted action among the
above-mentioned shareholders
Shenzhen SEG Group Co. Ltd has no association with other shareholders nor it is
a concerted action unit as set forth in the Management Methods for Disclosure of
Information on Changes in Shares Held by Shareholders of the Listed Company.Whether other shareholders have association with each other or they are concerted
action units is unknown.Information of top 10 shareholders
participating in securities margin trading (if
any)
None
Do top 10 common shareholders of the Company or top 10 common shareholders of non-restricted shares conduct agreed repurchase
transactions in the reporting period?
□ Yes ? No
Top 10 common shareholders of the Company or top 10 common shareholders of non-restricted shares did not conduct agreed
repurchase transactions in the reporting period.
2. Number of Preferred Shareholders and Shares Held by Top 10 Preferred Shareholders
□ Applicable ? Not applicable
Chapter 3 Important Matters
I. Changes in the Main Financial Data and Financial Indexes in the Reporting Period and the
Reasons
√ Applicable □ Not applicable
1. Items of Consolidated Balance Sheet Statement
Unit: yuan Unit: yuan
Item Closing balance Opening balance Difference
Year-on-year
increase/decrease (%)
Monetary funds 744965034.99 1757492816.67 -1012527781.68 -57.61%
Accounts receivable 112757804.08 54426228.11 58331575.97 107.18%
Notes receivable 3872700.00 0.00 3872700.00 100.00%
Prepayment 6272695.31 2701718.53 3570976.78 132.17%
Other current assets 802688238.76 468083201.09 334605037.67 71.48%
Intangible assets 6979704.95 32471556.32 -25491851.37 -78.51%
Goodwill 11231391.49 0.00 11231391.49 100.00%
Short-term borrowing 103500000.00 520000000.00 -416500000.00 -80.10%
Taxes payable 160833019.89 121045597.93 39787421.96 32.87%
Other payables 564743730.63 1021673905.77 -456930175.14 -44.72%
Non-current liabilities due
within one year
143069415.58 272569415.58 -129500000.00 -47.51%
Estimated liabilities 56077659.53 90254503.10 -34176843.57 -37.87%
(1) Monetary Funds: decreased by 57.61% with the amount of RMB 1012527781.68 over the beginning of the period mainly
because the company paid the final balance of cash consideration for major asset restructuring and returning bank loans in the
reporting period.
(2) Accounts receivable: increased by 107.18% with the amount of RMB 58331575.97 over the beginning of the period mainly
because in the reporting period ① SEG Property Management Company a subsidiary of SEG Real Estate increased the property
management area and thus increased the accrual property management fee; ② Suzhou TST is a newly incorporated company which
increased the company's accounts receivable ; ③ SEG Longyan Technology accounts receivable increased as sales increased.
(3) Notes receivable: increased by 100% with the amount of RMB 3872700.00 over the beginning of the period mainly because
Suzhou TST is a newly incorporated company which increased the company's accounts receivable by RMB 3872700.00.
(4) Prepayment: increased by 132.17% with the amount of RMB 3570976.78 over the beginning of the period mainly because
Nanjing SEG paid the property rent and the property development company Yitian Management Office prepaid the elevator renewal
purchase in the reporting period.
(5) Other current assets: increased by 71.48% with the amount of RMB 334605037.67 over the beginning of the period mainly
because the company purchased more bank financial products in the reporting period.
(6) Intangible assets: decreased by 78.51% with the amount of RMB 25491851.37 over the beginning of the period mainly because
the company transferred the equity of Shenzhen-Shantou SEG Longyan Technology which resulted in reduction of land use rights in
the reporting period.
(7) Goodwill: increased by 100% with the amount of RMB 11231391.49 over the beginning of the period mainly because the
company invested and acquired Suzhou TST in the reporting period.
(8) Short-term borrowing: decreased by 80.10% with the amount of RMB 416500000.00 over the beginning of the period mainly
because the company repaid bank current loan in the reporting period.
(9) Tax payable: increased by 32.87% with the amount of RMB 39787421.96 over the beginning of the period mainly because SEG
Real Estate accrued land value-added tax house sales value-added tax and income tax in the reporting period.
(10) Other accounts payable: decreased by 44.97% with the amount of RMB 459426421.64 over the beginning of the period mainly
because the company paid the final balance of cash consideration for major asset restructuring.
(11) Non-current liability due within one year: decreased by 47.51% with the amount of RMB 129500000.00 over the beginning of
the period mainly because SEG Real Estate repaid bank loan due in the reporting period.
(12) Estimated liabilities: decreased by 37.87% with the amount of RMB 34176843.57 over the beginning of the period mainly
because SEG New Urban paid liquidated damages in the reporting period.
2. Items of Consolidated Profit Statement
Unit: yuan
Item
Amount incurred
in the current
period
Amount of the
same period of last
year
Difference
Year-on-year
increase/decrease
(%)
Interest income 0.00 6480864.92 -6480864.92 -100.00%
Financial expenses 85467639.68 52818041.75 32649597.93 61.82%
Loss from asset impairment 7565.00 3362022.85 -3354457.85 -99.77%
Non-operating expenses 1258085.11 14951136.75 -13693051.64 -91.59%
(1) Interest income: decreased by 100.00% with the amount of RMB 6480864.92 over the same period of last year mainly because
the equity transfer of SEG Credit was completed in last April and no loan business of SEG Credit occurred in the reporting period.
(2) Financial expense: increased by 61.82% with the amount of RMB 32649597.93 over the same period of last year mainly
because the company's external financing scale expanded.
(3) Assets impairment loss: decreased with the amount of RMB 3354457.85 over the same period of last year Decreased by
99.77%mainly because in the same period of last year SEG Credit accrued loan loss impairment while there is no such business in
the reporting period.
(4) Non-business expenditure: decreased by 91.59% with the amount of RMB 13693051.64 over the same period of last year
mainly because in the same period of last year ① SEG Real Estate paid the contract termination fee (No. 2017 Yue 0307 M. C. 6835);
② Nanning SEG paid litigation indemnity while no such business expenses occurred in the reporting period.
3. Items of Consolidated Cash Flow Statement
Item
Amount incurred in
the current period
Amount of the same
period of last year
Difference
Year-on-year
increase/decrease
(%)
Cash received from interest and
commissions
0.00 6311198.08 -6311198.08 -100.00%
Other cash received related to
operating activities
141023349.87 253127937.32 -112104587.45 -44.29%
Cash paid for purchasing goods and
receiving services
376476832.61 565344689.47 -188867856.86 -33.41%
Net increase in loans to customers and
prepayment
0.00 -15664988.00 15664988.00 -100.00%
Taxes paid 139323829.77 264954200.49 -125630370.72 -47.42%
Cash received by absorbing
investment
0.00 980000.00 -980000.00 -100.00%
Borrowings received 513500000.00 979000000.00 -465500000.00 -47.55%
Other cash paid related to financing
activities
110000023.31 169669157.90 -59669134.59 -35.17%
(1) Cash charge for interest service charges and commissions: decreased by 100.00% with the amount of RMB 6311198.08 over the
same period of last year mainly because no loan business of SEG Credit occurred in the reporting period.
(2) Other cash received related to operating activities: decreased by 44.29% with the amount of RMB 112104587.45 over the same
period of last year mainly because the company received less current payment in the reporting period.
(3)Cash paid for purchasing goods and receiving services decreased by 33.41% with the amount of RMB 188867856.86 over the
same period of last year mainly because the company's sales situation was not as good as the same period of last year and the
corresponding payment reduced.
(4) Net increase in customer loans and advances: decreased by 100.00% with the amount of RMB 15664988.00 over the same
period of last year mainly because no loan business of SEG Credit occurred in the reporting period.
(5) Tax payments: decreased by 47.42% with the amount of RMB 125630370.72 over the same period of last year mainly because
the corporate income tax and land value-added tax paid by the company and its holding subsidiaries decreased compared with the
same period of last year.
(6) Cash receipts from investments: decreased by 100.00% with the amount of RMB 980000.00 over the same period of last year
mainly because SEG Yicheng received investments from minority shareholders in the same period of last year.
(7) Borrowings received: decreased by 47.55% with the amount of RMB 465500000.00 over the same period of last year mainly
because the company received less bank loans.
(8) Other cash paid related to financing activities: decreased by 35.17% with the amount of RMB 59669134.59 over the same p eriod
of last year mainly because the amount of last year contained investments received by Longyan Technology from minority
shareholders.II. Analysis of Development Impacts and Solutions of Major Events
√ Applicable □ Not applicable
There are no other major events except for those in the table below.Overview of major events Disclosure date
Query index of the provisional
announcement disclosure website
Implementation of interest distribution
(2018)
July 4 2019
http://www.cninfo.com.cn
Announcement of Dividend Distribution
for 2018
The plan of reducing holding-shares of July 24 2019 http://www.cninfo.com.cn
Huakong SEG ended Announcement of the Implementation of
Reduction of Holding-shares of
Shenzhen Huakong SEG Co. Ltd.
SEG New Urban received The Notice on
Sealing up Distraining and Freezing
Property served by the People's Court of
Longgang District Shenzhen City
Guangdong Province. The house
property on the second to fifth floors of
Building A of SEG New Urban Plaza
under the name of SEG New Urban was
sealed up
July 27 2019
http://www.cninfo.com.cn/
Risk Warning on House Property Sealing
up of the Holding Sub-subsidiary
Zhu Longqing Vice General Manager of
the company resigned due to job change
July 31 2019
http://www.cninfo.com.cn
Announcement on the Resignation of
Vice General Manager Zhu Longqing
SEG New Urban received the Civil
Ruling and the Notice on Assistance in
Enforcement served by the Shenzhen
Intermediate People’s Court.
August 8 2019
http://www.cninfo.com.cn
Announcement on Receipt of the Civil
Ruling and the Notice on Assistance in
Enforcement by the Holding
Sub-subsidiary
August 24 2019
http://www.cninfo.com.cn
Announcement on Receipt of the Civil
Ruling and the Notice on Assistance in
Enforcement by the Holding
Sub-subsidiary
SEG New Urban plans to sign the
Agreement with Huang Zhihui and other
assignees of obligatory rights
August 17 2019
http://www.cninfo.com.cn
Announcement on Proposed Agreement
between the Holding Sub-subsidiary
SEG New Urban and Related Assignees
of Obligatory rights
SEG New Urban received the Notice of
Trial from the Shenzhen International
Court of Arbitration. The applicant
CITIC Bank filed an arbitration
application about the financial loan
contract disputes between it and the
respondents such as Zhaocheng Group
and SEG New Urban.
August 27 2019
http://www.cninfo.com.cn
Announcement on Receipt of Notice of
Arbitration Trial by the Holding
Sub-subsidiary
Announcement on Corporate Stock
Swing
August 22 2019
http://www.cninfo.com.cn
Announcement on Stock Swing
August 27 2019 http://www.cninfo.com.cn
Announcement on Stock Swing
August 30 2019
http://www.cninfo.com.cn
Announcement on Stock Swing
Public offering of corporate bonds
August 5 2019
http://www.cninfo.com.cn
Temporary Trusteeship Management
Report (V) for Public Offering of
Corporate Bonds to Qualified Investors
(1st Issue) in 2018
August 20 2019
http://www.cninfo.com.cn
Temporary Trusteeship Management
Report (VI) for Public Offering of
Corporate Bonds to Qualified Investors
(1st Issue) in 2018
August 26 2019
http://www.cninfo.com.cn
Temporary Trusteeship Management
Report (VII) for Public Offering of
Corporate Bonds to Qualified Investors
(1st Issue) in 2018
Matters on corporate bond No. 18 SEG
02
August 27 2019
http://www.cninfo.com.cn/
Announcement on the Coupon Rate
Adjustment and Put-back
Implementation Measures for Corporate
Bond No. 18 SEG 02
from August 28 2019 to June 30 2019
http://www.cninfo.com.cn/
First Suggestive Announcement on the
Coupon Rate Adjustment and Put-back
Implementation Measures for Corporate
Bond No. 18 SEG 02 Second Suggestive
Announcement on the Coupon Rate
Adjustment and Put-back
Implementation Measures for Corporate
Bond No. 18 SEG 02 Third Suggestive
Announcement on the Coupon Rate
Adjustment and Put-back
Implementation Measures for Corporate
Bond No. 18 SEG 02
September 05 2019
http://www.cninfo.com.cn/
Announcement on the Declaration of
Put-backs for Corporate Bond No. 18
SEG 02
September 23 2019 http://www.cninfo.com.cn/
Announcement on 2019 Payment of
Interest for Corporate Bond No. 18 SEG
02
September 24 2019
http://www.cninfo.com.cn/
Announcement on the Implementation of
Put-backs for Corporate Bond No. 18
SEG 02
The transfer of 100% of the equity of
Shenzhen-Shantou SEG Longyan
completed.September 16 2019
http://www.cninfo.com.cn
Announcement on the Progress of
Transfer of 100% of the Equity of
Shenzhen-Shantou Cooperation Zone
SEG Longyan Energy Technology Co.
Ltd. Held by the Holding Subsidiary
Matters on the reduction of corporate
holding-shares by the controlling
shareholder Shenzhen SEG Group Co.Ltd.September 19 2019
http://www.cninfo.com.cn
Pre-disclosure Announcement on the
Reduction of Corporate Holding-shares
by the Controlling Shareholder
The changes of the Board of Directors
and the Board of Supervisors
September 25 2019
http://www.cninfo.com.cn
Announcement on Resolutions of the
58th Extraordinary Meeting of the 7th
Board of Directors
September 27 2019
http://www.cninfo.com.cn/
Announcement on the Election of the
Staff Representative Supervisor of the
8th Board of Supervisors
October 11 2019
http://www.cninfo.com.cn/
Announcement on the Resolution of the
6th Extraordinary General Meeting in
2019
http://www.cninfo.com.cn/
Announcement on the Resolution of the
1st Meeting of the 8th Board of Directors
http://www.cninfo.com.cn/
Announcement on the Resolution of the
1st Meeting of the 8th Board of
Supervisors
By the end of the reporting period
Nantong SEG Operating Company have
been involved in 13 housing lease
contract dispute cases and the case
amount related is RMB 5840000.
August 27 2018
http://www.cninfo.com.cn
Semi-Annual Report 2019 of Shenzhen
SEG Co. Ltd.
Nantong SEG Operating Company have
won all the cases which have been
concluded and are in execution.
By the end of the reporting period
Nantong SEG has been involved in 16
house decoration contract dispute cases
and the case amount related is RMB
34506300. Among these cases 13 have
been concluded and are in execution.
Among the remaining 3 cases one is in
the procedure of retrial another is in the
procedure of first instance and the last
one is in the procedure of second
instance.
August 27 2018
http://www.cninfo.com.cn
Semi-Annual Report 2019 of Shenzhen
SEG Co. Ltd.
For the dispute case over the lease
contract of SEG New Urban vs.
Belugaplan Culture Development
(Dalian) Co. Ltd. the People's Court of
Longgang District Shenzhen made the
first instance judgment that is
Belugaplan Culture Development
(Dalian) Co. Ltd. shall pay the
liquidated damages of RMB 405000 to
SEG New Urban as well as the overdue
fine for management expenses and
utilities of RMB 8147.04 in total while
SEG New Urban does not need to refund
the rental deposit of RMB 255000. By
the end of the reporting period
Belugaplan has paid part of the
liquidated damages RMB 115687.04
and the remaining RMB 305000 has not
been paid. SEG New Urban have applied
to the court for enforcement and it is
currently in execution.
August 27 2018
http://www.cninfo.com.cn
Semi-Annual Report 2019 of Shenzhen
SEG Co. Ltd.
In September 2019 due to engineering
construction contract disputes SEG New
Urban filed a lawsuit in the People's
Court of Longgang District Shenzhen
requesting China Huashi Enterprises
Co. Ltd. to compensate for liquidated
damages and losses of RMB 57069600
in total./ /
Progress of share repurchase
□ Applicable √ Not applicable
Progress of reduction of holding-shares through centralized bidding
□ Applicable √ Not applicable
III. Commitments not fulfilled as of the end of the reporting period by the Company actual controller shareholders affiliates
purchasers or other related parties
√ Applicable □ Not applicable
Commitments Subject Type Content
Commitment
date
Commitment
term
Performance
Commitment for
share reform
Not
applicable
Commitments in the
Acquisition Report
and the Report of
Changes on Equity
Not
applicable
Commitments made
at the time of
restructuring of
assets
Shenzhen
SEG Group
Co. Ltd.
Other
commitment
"After updating and restructuring of SEG Industrial Building SEG
Economy Building and SEG Recreation Industry Building the area of
added part that belongs to 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:
August 03
2016
Long-term
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
license for renewal is
1. SEG Group has made commitments for the performance of the
subject company within three years after completion of major assets
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 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 engage an
audit firm 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 business days upon final specific
review opinions provided by the audit firm and send a written notice to
not obtained yet.)
SEG Group. Within 30 business days upon receipt of the written notice
from Shenzhen SEG SEG Group should pay the compensation in cashin full amount.”
Commitment made at
the time of initial
public offerings or
refinancing
Not
applicable
Commitment on
equity incentives
Not
applicable
Other commitments
made to the medium
and small
shareholders of the
Company
Not
applicable
Whether
commitments were
fulfilled on time
No
For commitments
unfulfilled in the
commitment period
specify the reasons
for non-fulfillment
and further plans
The new property in the reconstruction project of SEG Industrial Building and other two buildings is a temporary building. According to the provisions of the
(Provisional) Measures for the Management of Temporary Buildings of Futian District Shenzhen the service duration of this temporary building is from April 21 2016
to April 20 2018 can be extended for another year according to the provisions of the Urban and Rural Planning Regulations of Guangdong Province (As of April 20
2019). Apart from this no provisions on temporary buildings of Shenzhen and Futian District permit any extension or term of extension. After expiration of the service
duration (April 20 2018) the Company has applied for extension and submitted application materials to the relevant competent authority for approval. The extension
license is not obtained yet. This matter has never subjected the listed company to losses or caused SEG Group to be liable for compensation.
Forecasts of Operating Results for 2019
Warning and reasons for forecasts on loss of the cumulative net profit from the beginning of the year to the end of the next reporting
period or significant changes in net profit over the same period last year
□ Applicable ? Not applicable
IV. Security investment
? Applicable □ Not applicable
Unit: Yuan
Stock
type
Stock
code
Short
form
of the
securit
y
Initial
invest
ment
cost
Acco
unting
measu
remen
t
mode
Openi
ng
book
value
Chan
ge in
fair
value
of the
curren
t
period
Cumu
lative
chang
e in
fair
value
recog
nized
in the
equity
Amou
nt of
purch
ase in
the
curren
t
period
Amou
nt of
sales
in the
curren
t
period
Profit
or
loss
in the
report
ing
period
Closi
ng
book
value
Acco
unting
item
Sourc
e of
funds
Dome
stic
and
foreig
n
stocks
60077
8
Youha
o
Group
9040
5.00
Meas
ured
by
fair
value
2742
87.16
2427
3.20
0.00 0.00 0.00
2985
60.36
Other
equity
instru
ment
invest
ment
Self-o
wned
funds
Dome
stic
and
foreig
n
stocks
00006
8
Huako
ng
SEG
1725
9886
8.24
Meas
ured
by
fair
value
1391
3045
1.09
262.1
1
0.00
-8293
874.3
5
-1232
3767.
99
1351
0081
9.56
Long-
term
equity
invest
ment
Self-o
wned
funds
Dome
stic
and
foreig
n
stocks
83277
0
SEG
Navig
ations
8275
321.4
3
Meas
ureme
nt by
cost
metho
d
1351
5392.
83
0.00 0.00 0.00
1351
5392.
83
Other
equity
instru
ment
invest
ment
Self-o
wned
funds
Other securities
investment held at the
end of period
-- -- --
Total 1809 -- 1529 0.00 2453 0.00 -8293 -1232 1489 -- --
6459
4.67
2013
1.08
5.31 874.3
5
3767.
99
1477
2.75
V. Entrusted Financing
? Applicable □ Not applicable
Unit: RMB 10000
Type
Source of fund under
entrusted financing
Amount of entrusted
financing
Balance not yet due
Overdue amount
unrecovered
Bank financial
products
Self-owned funds 183018.10 73391.10 0
Total 183018.10 73391.10 0
Information on risky entrusted financing with a significant amount or featuring low security poor liquidity and no capital guarantee
? Applicable ? Not applicable
Entrusted financial management is not expected to recover the principal or other circumstances that may result in impairment
□ Applicable ? Not applicable
VI. Investment of Derived Products
□ Applicable ? Not applicable
No investment in derivatives is involved in the reporting period.VII. Registration Form for Investigations Communication and Interviews in the Reporting
Period
? Applicable □ Not applicable
Time Means Type Basic information on investigation
September 03 2019 Phone call Individual
Query the recent business performance
of the company.September 19 2019 Phone call Individual
Query the recent business performance
of the company.VIII. Illegal External Guarantee
□ Applicable ? Not applicable
The Company has no illegal external guarantee in the reporting period.
IX. Non-operating Capital Occupation on the Listed Company by the Controlling
Shareholder and Related Parties
□ Applicable ? Not applicable
No non-operating capital occupation on the listed company by the controlling shareholder 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.Unit: Yuan
Item September 30 2019 December 31 2018
Current assets:
Monetary funds 744965034.99 1757492816.67
Deposit reservation for balance
Loans to other banks
Trading financial assets
Financial assets measured by fair
value with changes included in
current gains and losses
Derivative financial assets
Notes receivable 3872700.00
Accounts receivable 112757804.08 54426228.11
Receivable financing
Prepayment 6272695.31 2701718.53
Premiums receivable
Reinsurance accounts receivable
Reinsurance deposit receivable
Other receivables 100074948.32 115570683.93
Including: Interest receivable 1597323.05 1063684.93
Dividends receivable 2000000.00 2000000.00
Redemptory monetary capital
for resale
Inventory 2504954655.28 2670294017.74
Contract assets
Held-for-sale assets
Non-current assets due within
one year
Other current assets 802688238.76 468083201.09
Total current assets 4275586076.74 5068568666.07
Non-current assets:
Loans and advances issued
Debt investment
Financial assets available for
sale
Other debt investment
Held-to-maturity investment
Long-term receivables 19000000.00 19000000.00
Long-term equity investment 186238263.85 172684147.74
Other equity instrument
investment
34093953.19 34069679.99
Other non-current financial
assets
Investment properties 1355864706.94 1412916851.46
Fixed assets 71329563.69 59351351.90
Construction in progress 116405152.28 151214015.76
Productive biological assets
Oil & gas assets
Right-of-use assets
Intangible assets 6979704.95 32471556.32
Development expenses
Goodwill 11231391.49
Long-term expenses to be
amortized
65280831.69 73769436.90
Deferred income tax assets 56575030.78 56931280.75
Other non-current assets 46884501.32 47032751.31
Total non-current assets 1969883100.17 2059441072.13
Total assets 6245469176.91 7128009738.20
Current liabilities:
Short-term borrowing 103500000.00 520000000.00
Loans from central bank
Loans from other banks
Trading financial liabilities
Financial liabilities measured by
fair value with changes included in
current gains and losses
Derivative financial liabilities
Notes payable
Accounts payable 280099827.39 293130435.56
Advance receipt 599993914.77 692811462.75
Contract liabilities
Financial assets sold for
repurchase
Deposits from customers and
interbank
Acting trading securities
Acting underwriting securities
Payroll payable 31185275.62 44065725.59
Taxes payable 160833019.89 121045597.93
Other payables 564743730.63 1021673905.77
Including: Interest payable 1392172.11 4943712.80
Dividends payable 4614796.97 4196371.01
Service charges and
commissions payable
Reinsurance accounts payable
Held-for-sale liabilities
Non-current liabilities due
within one year
143069415.58 272569415.58
Other current liabilities
Total current liabilities 1883425183.88 2965296543.18
Non-current liabilities:
Insurance deposit
Long-term borrowing 903500000.00 748250000.00
Bonds payable 772147044.47 787752107.90
Including: Preferred stock
Perpetual capital
securities
Lease liabilities
Long-term payables
Long-term payroll payable
Estimated liabilities 56077659.53 90254503.10
Deferred income 5991529.60 6732529.57
Deferred income tax liabilities 79880418.57 79875150.30
Other non-current liabilities 134417.76 0.00
Total non-current liabilities 1817731069.93 1712864290.87
Total liabilities 3701156253.81 4678160834.05
Owners' equity:
Share capital 1235656249.00 1235656249.00
Other equity instruments
Including: Preferred stock
Perpetual capital
securities
Capital reserve 148038034.55 156892820.25
Less: Treasury shares
Other comprehensive income 104148.59 91765.66
Special reserve
Surplus reserve 152762534.98 152762534.98
General risk provision
Undistributed profits 389442332.05 322477846.55
Total owners' equity attributable to
the parent company
1926003299.17 1867881216.44
Minority shareholders' equity 618309623.93 581967687.71
Total owners' equity 2544312923.10 2449848904.15
Total liabilities and owners' equity 6245469176.91 7128009738.20
Chairman of the Board of Directors: Zhang Liang Chief Financial Officer: Yan Dongxia The responsible person of the accounting
institution: Wang Lei
2. Balance Sheet Statement of the Parent Company
Unit: Yuan
Item September 30 2019 December 31 2018
Current assets:
Monetary funds 219424284.80 971108422.35
Trading financial assets
Financial assets measured by fair
value with changes included in
current gains and losses
Derivative financial assets
Notes receivable
Accounts receivable 163360.00 217360.00
Receivable financing
Prepayment 181291.82
Other receivables 914421196.35 1098488672.67
Including: Interest receivable
Dividends receivable 28730000.00 2000000.00
Inventory
Contract assets
Held-for-sale assets
Non-current assets due within
one year
Other current assets 101737225.02 4172729.68
Total current assets 1235927357.99 2073987184.70
Non-current assets:
Debt investment
Financial assets available for
sale
Other debt investment
Held-to-maturity investment
Long-term receivables 9000000.00 9000000.00
Long-term equity investment 1387682637.01 1326039288.79
Other equity instrument
investment
33515392.83 33515392.83
Other non-current financial
assets
Investment properties 244953194.49 252842527.62
Fixed assets 18022003.16 17786925.84
Construction in progress
Productive biological assets
Oil & gas assets
Right-of-use assets
Intangible assets 1368226.88 1671913.78
Development expenses
Goodwill
Long-term expenses to be
amortized
7396045.54 9404881.96
Deferred income tax assets 1317682.44 1673932.41
Other non-current assets 39560.00
Total non-current assets 1703255182.35 1651974423.23
Total assets 2939182540.34 3725961607.93
Current liabilities:
Short-term borrowing 100000000.00 520000000.00
Trading financial liabilities
Financial liabilities measured by
fair value with changes included in
current gains and losses
Derivative financial liabilities
Notes payable
Accounts payable 206374.11 206374.11
Advance receipt 19449689.07 22491215.88
Contract liabilities
Payroll payable 3305015.13 5143700.56
Taxes payable 11910362.92 4471684.00
Other payables 70754326.48 439491749.59
Including: Interest payable 1578179.07
Dividends payable
Held-for-sale liabilities
Non-current liabilities due
within one year
Other current liabilities
Total current liabilities 205625767.71 991804724.14
Non-current liabilities:
Long-term borrowing
Bonds payable 772147044.47 787752107.90
Including: Preferred stock
Perpetual capital
securities
Lease liabilities
Long-term payables
Long-term payroll payable
Estimated liabilities
Deferred income 5167529.60 6592529.57
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities 777314574.07 794344637.47
Total liabilities 982940341.78 1786149361.61
Owners' equity:
Share capital 1235656249.00 1235656249.00
Other equity instruments
Including: Preferred stock
Perpetual capital
securities
Capital reserve 222561161.66 231415947.36
Less: Treasury shares
Other comprehensive income 206.21 -55.90
Special reserve
Surplus reserve 152762534.98 152762534.98
Undistributed profits 345262046.71 319977570.88
Total owners' equity 1956242198.56 1939812246.32
Total liabilities and owners' equity 2939182540.34 3725961607.93
3. Consolidated Profit Statement in Current Reporting Period
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Total operating income 348105199.21 561704545.25
Including: Operating income 348105199.21 561704545.25
Interest income 0.00
Earned premiums 0.00
Service charges and
commissions income
0.00
II. Total operating cost 299828896.42 461817703.47
Including: Operating cost 233255315.85 385280407.90
Interest expenses
Service charges and
commissions expenses
Surrender value
Net compensation
pay-outs
Net insurance deposit
accrued
Insurance dividends
Reinsurance expenses
Operating tax and
surcharges
7957446.65 18760506.17
Sale expenses 6352532.01 9863748.78
Management expenses 25084118.00 30304372.95
R&D expenses 2054425.95 0.00
Financial expenses 25125057.96 17608667.67
Including: Interest
expenses
26678378.39 56338849.11
Interest income -924984.27 -4428143.40
Add: Other income 2209604.72
Income from investment
(enter "-" for loss)
18067431.48 693535.91
Including: Income from
investment in associates and joint
ventures
-1864367.52 -4808467.81
Income from
derecognition of financial assets at
amortized cost
Income from exchange (enter
"-" for loss)
Income from net exposure
hedge (enter "-" for loss)
Income from changes in fair
value (enter "-" for loss)
Credit impairment loss (enter
"-" for loss)
Asset impairment loss (enter
"-" for loss)
-2400.00
Income from asset disposal
(enter "-" for loss)
III. Operating profit (enter "-" for loss) 68550938.99 100580377.69
Add: Non-operating income 1560343.79 2428758.29
Less: Non-operating expenses -109565.49 1797197.37
IV. Total profit (enter "-" for total loss) 70220848.27 101211938.61
Less: Income tax 23143005.22 32529740.36
V. Net profit (enter "-" for net loss) 47077843.05 68682198.25
(I) Classification by going concern
1. Net profit from continuing
operations (enter "-" for net loss)
47077843.05 205277474.20
2. Net profit from discontinuing
operations (enter "-" for net loss)
-6057464.41
(II) Classification by ownership
1. Net profit attributable to owners
of the parent company
26970095.87 40399673.95
2. Profit and loss of minority
shareholders
20107747.18 28282524.30
VI. Net of tax of other comprehensive
income
-18431.74 -1702.10
Total owners' net of tax of other
comprehensive income attributable to
the parent company
-12195.56 -20106.43
1. Other comprehensive income
not to be reclassified into profit and
loss
(1) Changes in net
liabilities or net assets of the
re-measured defined benefit plan
(2) Shares of the investee
of other comprehensive income not to
be reclassified into profit and loss
under the equity method
3. Changes in fair value of
other equity instrument investment
4. Changes in fair value of
corporate credit risks
(5) Others
2. Other comprehensive income to
be reclassified into profit and loss
-12195.56 -20106.43
(1) Other comprehensive
income to be reclassified into profit
and loss under the equity method
-33.83 25.45
(2) Changes in fair value
of other debt investment
(3) Profit and loss from
changes in fair value of the
available-for-sale financial assets
-12161.73 -20131.88
(4) Amount of financial
assets reclassified into other
comprehensive income
(5) Profit or loss from
reclassification of held-to-maturity
investments into available-for-sale
financial assets
(6) Provision for credit
impairment of other debt investment
(7) Cash flow hedge
reserve
(8) Foreign currency
translation differences
(9) Others
Net of tax of other comprehensive
income attributable to minority
-6236.18 18404.33
shareholders
VII. Total comprehensive income 47059411.31 68680496.15
Total comprehensive income
attributable to shareholders of the
parent company
26957900.31 40379567.52
Total comprehensive income
attributable to minority shareholders
20101511.00 28300928.63
VIII. Earnings per share
1. Basic earnings per share 0.0218 0.0327
2. Diluted earnings per share 0.0218 0.0327
In case of a business combination under common control in the current period the net profit of the combined party before
combination is RMB and the net profit of the combined party in the previous period is RMB .
Chairman of the Board of Directors: Zhang Liang Chief Financial Officer: Yan Dongxia The responsible person of the accounting
institution: Wang Lei
4. Profit Statement in Current Reporting Period of the Parent Company
Unit: Yuan
Item Amount incurred in the current period Amount incurred in the previous period
I. Operating income 17149195.34 17036869.30
Less: Operating cost 12291048.45 12635598.64
Operating tax and
surcharges
1045869.42 1077632.77
Sale expenses 371367.28 216482.56
Management expenses 5577940.83 5658227.51
R&D expenses 3571.00 0.00
Financial expenses 9093259.65 6502132.55
Including: Interest
expenses
12651231.92 23002334.12
Interest income -3573688.69 -8312097.89
Add: Other income 474999.99
Income from investment
(enter "-" for loss)
3962805.46 95833070.48
Including: Income from
investment in associates and joint
ventures
-4177765.06 -4808467.81
Income from
derecognition of financial assets at
amortized cost
Income from net exposure
hedge (enter "-" for loss)
Income from changes in
fair value (enter "-" for loss)
Credit impairment loss
(enter "-" for loss)
Asset impairment loss
(enter "-" for loss)
Income from asset disposal
(enter "-" for loss)
II. Operating profit (enter "-" for loss) -6785342.84 86779865.75
Add: Non-operating income 11000.00 1570422.99
Less: Non-operating expenses 1700000.00
III. Total profit (enter "-" for total
loss)
-6774342.84 86650288.74
Less: Income tax 3878570.22 -1546771.59
IV. Net profit (enter "-" for net loss) -10652913.06 88197060.33
(I) Net profit from continuing
operations (enter "-" for net loss)
-10652913.06 88197060.33
(II) Net profit from
discontinuing operations (enter "-" for
net loss)
V. Net of tax of other comprehensive
income
228.28 118.39
1. Other comprehensive income
not to be reclassified into profit and
loss
(1) Changes in net
liabilities or net assets of the
re-measured defined benefit plan
(2) Shares of the investee
of other comprehensive income not to
be reclassified into profit and loss
under the equity method
3. Changes in fair value
of other equity instrument investment
4. Changes in fair value
of corporate credit risks
(5) Others
2. Other comprehensive income
to be reclassified into profit and loss
228.28 118.39
(1) Other comprehensive
income to be reclassified into profit
and loss under the equity method
228.28 118.39
(2) Changes in fair value
of other debt investment
(3) Profit and loss from
changes in fair value of the
available-for-sale financial assets
(4) Amount of financial
assets reclassified into other
comprehensive income
(5) Profit or loss from
reclassification of held-to-maturity
investments into available-for-sale
financial assets
(6) Provision for credit
impairment of other debt investment
(7) Cash flow hedge
reserve
(8) Foreign currency
translation differences
(9) Others
VI. Total comprehensive income -10652684.78 88197178.72
VII. Earnings per share
1. Basic earnings per share
2. Diluted earnings per share
5. Consolidated Profit Statement from 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 income 1113596884.35 1451123498.84
Including: Operating income 1113596884.35 1444642633.92
Interest income 6480864.92
Earned premiums
Service charges and
commissions income
II. Total operating cost 971217497.63 1204911926.47
Including: Operating cost 734338928.62 994429779.15
Interest expenses
Service charges and
commissions expenses
Surrender value
Net compensation
pay-outs
Net insurance deposit
accrued
Insurance dividends
Reinsurance expenses
Operating tax and
surcharges
49262755.54 42196977.10
Sale expenses 16989051.91 23051951.82
Management expenses 83104695.93 92415176.65
R&D expenses 2054425.95 0.00
Financial expenses 85467639.68 52818041.75
Including: Interest
expenses
92694291.94 56338849.11
Interest income -7226652.26 -4428143.40
Add: Other income 5720879.15 0.00
Income from investment
(enter "-" for loss)
76745625.33 59390854.81
Including: Income from
investment in associates and joint
ventures
-12813039.54 -16716197.00
Income from
derecognition of financial assets at
amortized cost
Income from exchange (enter
"-" for loss)
Income from net exposure
hedge (enter "-" for loss)
Income from changes in fair
value (enter "-" for loss)
Credit impairment loss (enter
"-" for loss)
Asset impairment loss (enter
"-" for loss)
-7565.00 -3362022.85
Income from asset disposal
(enter "-" for loss)
III. Operating profit (enter "-" for loss) 224838326.20 302240404.33
Add: Non-operating income 3151415.49 4942048.24
Less: Non-operating expenses 1258085.11 14951136.75
IV. Total profit (enter "-" for total loss) 226731656.58 292231315.82
Less: Income tax 76293559.52 93011306.00
V. Net profit (enter "-" for net loss) 150438097.06 199220009.82
(I) Classification by going concern
1. Net profit from continuing
operations (enter "-" for net loss)
150438097.06 205277474.23
2. Net profit from discontinuing
operations (enter "-" for net loss)
-6057464.41
(II) Classification by ownership
1. Net profit attributable to owners
of the parent company
110257647.89 138066661.89
2. Profit and loss of minority
shareholders
40180449.17 61153347.93
VI. Net of tax of other comprehensive
income
18467.01 -56797.37
Total owners' net of tax of other
comprehensive income attributable to
the parent company
12382.93 -37828.28
1. Other comprehensive income
not to be reclassified into profit and
loss
(1) Changes in net
liabilities or net assets of the
re-measured defined benefit plan
(2) Shares of the investee
of other comprehensive income not to
be reclassified into profit and loss
under the equity method
3. Changes in fair value of
other equity instrument investment
4. Changes in fair value of
corporate credit risks
(5) Others
2. Other comprehensive income to
be reclassified into profit and loss
12382.93 -37828.28
(1) Other comprehensive
income to be reclassified into profit
and loss under the equity method
12382.93
(2) Changes in fair value
of other debt investment
(3) Profit and loss from
changes in fair value of the
available-for-sale financial assets
-37828.28
(4) Amount of financial
assets reclassified into other
comprehensive income
(5) Profit or loss from
reclassification of held-to-maturity
investments into available-for-sale
financial assets
(6) Provision for credit
impairment of other debt investment
(7) Cash flow hedge
reserve
(8) Foreign currency
translation differences
(9) Others
Net of tax of other comprehensive
income attributable to minority
6084.08 -18969.09
shareholders
VII. Total comprehensive income 150456564.07 199163212.45
Total comprehensive income
attributable to shareholders of the
parent company
110270030.82 138028833.61
Total comprehensive income
attributable to minority shareholders
40186533.25 61134378.84
VIII. Earnings per share
1. Basic earnings per share 0.0892 0.1117
2. Diluted earnings per share 0.0892 0.1117
In case of a business combination under common control in the current period the net profit of the combined party before
combination is RMB and the net profit of the combined party in the previous period is RMB .
Chairman of the Board of Directors: Zhang Liang Chief Financial Officer: Yan Dongxia The responsible person of the accounting
institution: Wang Lei
6. Profit Statement of the Parent Company from 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 income 56541409.60 54002637.18
Less: Operating cost 31899284.78 33720284.08
Operating tax and
surcharges
3259315.11 3512934.28
Sale expenses 371367.28 216482.56
Management expenses 18557639.12 16232297.04
R&D expenses 0.00
Financial expenses 35096781.08 14837050.62
Including: Interest
expenses
45997934.71 23002334.12
Interest income -10961502.79 -8312097.89
Add: Other income 3037399.97
Income from investment
(enter "-" for loss)
112184519.20 204345458.34
Including: Income from
investment in associates and joint
ventures
-12883039.54 -13741197.00
Income from
derecognition of financial assets at
amortized cost
Income from net exposure
hedge (enter "-" for loss)
Income from changes in
fair value (enter "-" for loss)
Credit impairment loss
(enter "-" for loss)
Asset impairment loss
(enter "-" for loss)
Income from asset disposal
(enter "-" for loss)
II. Operating profit (enter "-" for loss) 82582512.40 189829046.94
Add: Non-operating income 38167.00 2772317.01
Less: Non-operating expenses 41873.20 8874462.04
III. Total profit (enter "-" for total
loss)
82578806.20 183726901.91
Less: Income tax 14001167.98 13902604.49
IV. Net profit (enter "-" for net loss) 68577638.22 169824297.42
(I) Net profit from continuing
operations (enter "-" for net loss)
68577638.22 169824297.42
(II) Net profit from
discontinuing operations (enter "-" for
net loss)
V. Net of tax of other comprehensive
income
262.11 92.94
1. Other comprehensive income
not to be reclassified into profit and
loss
(1) Changes in net
liabilities or net assets of the
re-measured defined benefit plan
(2) Shares of the investee
of other comprehensive income not to
be reclassified into profit and loss
under the equity method
3. Changes in fair value
of other equity instrument investment
4. Changes in fair value
of corporate credit risks
(5) Others
2. Other comprehensive income
to be reclassified into profit and loss
262.11 92.94
(1) Other comprehensive
income to be reclassified into profit
and loss under the equity method
262.11 92.94
(2) Changes in fair value
of other debt investment
(3) Profit and loss from
changes in fair value of the
available-for-sale financial assets
(4) Amount of financial
assets reclassified into other
comprehensive income
(5) Profit or loss from
reclassification of held-to-maturity
investments into available-for-sale
financial assets
(6) Provision for credit
impairment of other debt investment
(7) Cash flow hedge
reserve
(8) Foreign currency
translation differences
(9) Others
VI. Total comprehensive income 68577900.33 169824390.36
VII. Earnings per share
1. Basic earnings per share
2. Diluted earnings per share
7. Consolidated Cash Flow Statement from 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
1055869379.49 1190798262.16
Net increase in deposits from
customers and interbank
Net increase in loans from
central bank
Net increase in borrowing from
other financial institutions
Cash received from premiums of
primary insurance contracts
Net cash received from
reinsurance business
Net increase in deposits from
policyholders and investment
Cash received from interest and
commissions
6311198.08
Net increase in loans from other
banks
Net increase in redemption
capital
Net cash received from acting
trading securities
Tax refunds 246846.66
Other cash received related to
operating activities
141023349.87 253127937.32
Subtotal of cash inflow from
operating activities
1196892729.36 1450484244.22
Cash paid for goods and service 376476832.61 565344689.47
Net increase in loans to
customers and prepayment
0.00 -15664988.00
Net increase in deposits with
central bank and interbank
Cash paid for compensation
pay-outs of primary insurance
contracts
Net increase in lending funds
Cash paid for interest service
charges and commissions
Cash paid as insurance dividends
Cash paid to and on behalf of
employees
205963444.75 195861678.08
Taxes paid 139323829.77 264954200.49
Other cash paid related to
operating activities
374111254.16 351574995.06
Subtotal of cash outflow in operating
activities
1095875361.29 1362070575.10
Net cash flow from operating
activities
101017368.07 88413669.12
II. Cash flows from investing
activities:
Cash received from withdrawal
of investment
1115450000.00 1395212511.69
Cash received from investment
income
47026015.29 64918960.93
Net cash received from disposal
of fixed assets intangible assets and
other long-term assets
42818.11 1220.00
Net cash received from disposal
of subsidiaries and other business
units
109633298.28 126699000.00
Other cash received related to
investing activities
568202.77 0.00
Subtotal of cash inflow from
investing activities
1272720334.45 1586831692.62
Cash paid for purchase and
construction of fixed assets
intangible assets and other long-term
assets
61067813.82 66254262.96
Cash paid for investment 1738308340.35 1633847350.55
Net increase in mort gage loans
Net cash paid for acquisition of
subsidiaries and other business units
Other cash paid related to
investing activities
128993042.50
Subtotal of cash outflow in investing
activities
1928369196.67 1700101613.51
Net cash flow from investing
activities
-655648862.22 -113269920.89
III. Cash flow from financing
activities:
Cash received by absorbing
investment
0.00 980000.00
Including: Cash received by
subsidiaries from investment of
minority shareholders
0.00 980000.00
Borrowings received 513500000.00 979000000.00
Other cash received related to
financing activities
237899000.00 196900800.36
Subtotal of cash inflow from
financing activities
751399000.00 1176880800.36
Cash repayment 944565815.94 924664813.71
Cash paid for dividend and
profit distribution or interest payment
111029873.30 95444956.60
Including: Dividends and profit
paid by subsidiaries to minority
shareholders
32299129.40 26262417.89
Other cash paid related to
financing activities
110000023.31 169669157.90
Subtotal of cash outflow in financing
activities
1165595712.55 1189778928.21
Net cash flow from financing
activities
-414196712.55 -12898127.85
IV. Influence of exchange rate
fluctuation on cash and cash
equivalents
425.02 452.95
V. Net increase in cash and cash
equivalents
-968827781.68 -37753926.67
Add: Opening balance of cash
and cash equivalents
1713792816.67 951482605.92
VI. Closing balance of cash and cash
equivalents
744965034.99 913728679.25
8. Cash Flow Statement of the Parent Company from 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
58515246.54 51123098.98
Tax refunds
Other cash received related to
operating activities
140828104.57 311283263.32
Subtotal of cash inflow from
operating activities
199343351.11 362406362.30
Cash paid for purchasing goods
and receiving services
29687838.38 27256444.94
Cash paid to and on behalf of
employees
23916391.23 19716496.24
Taxes paid 4117810.79 26671624.06
Other cash paid related to
operating activities
85334181.43 185871943.22
Subtotal of cash outflow in operating
activities
143056221.83 259516508.46
Net cash flow from operating
activities
56287129.28 102889853.84
II. Cash flows from investing
activities:
Cash received from withdrawal
of investment
40980000.00 525597700.00
Cash received from investment
income
97776783.87 218497996.91
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
0.00 77654200.00
Other cash received related to
investing activities
Subtotal of cash inflow from 138756783.87 821749896.91
investing activities
Cash paid for purchase and
construction of fixed assets
intangible assets and other long-term
assets
0.00 114000.00
Cash paid for investment 549426244.34 693000000.00
Net cash paid for acquisition of
subsidiaries and other business units
Other cash paid related to
investing activities
Subtotal of cash outflow in investing
activities
549426244.34 693114000.00
Net cash flow from investing
activities
-410669460.47 128635896.91
III. Cash flow from financing
activities:
Cash received by absorbing
investment
Borrowings received 250000000.00 729000000.00
Other cash received related to
financing activities
221441666.68 46394666.68
Subtotal of cash inflow from
financing activities
471441666.68 775394666.68
Cash repayment 710000000.00 530000000.00
Cash paid for dividend and
profit distribution or interest payment
58743473.04 88928233.30
Other cash paid related to
financing activities
100000000.00 255061667.00
Subtotal of cash outflow in financing
activities
868743473.04 873989900.30
Net cash flow from financing
activities
-397301806.36 -98595233.62
IV. Influence of exchange rate
fluctuation on cash and cash
equivalents
V. Net increase in cash and cash
equivalents
-751684137.55 132930517.13
Add: Opening balance of cash
and cash equivalents
971108422.35 104463125.70
VI. Closing balance of cash and cash
equivalents
219424284.80 237393642.83
II. Financial Statements Adjustments
1. Adjustments of items of financial statements as of the beginning of the current year due to
implementation of new standards for financial instruments new standards for income or new standards
for lease from 2019
√ Applicable □ Not applicable
Consolidated Balance Sheet Statement
Unit: Yuan
Item December 31 2018 January 01 2019 Adjustments
Current assets:
Monetary funds 1757492816.67 1757492816.67
Deposit reservation
for balance
Loans to other banks
Trading financial
assets
Financial assets
measured by fair value
with changes included in
current gains and losses
Derivative financial
assets
Notes receivable
Accounts receivable 54426228.11 54426228.11
Receivable financing
Prepayment 2701718.53 2701718.53
Premiums receivable
Reinsurance accounts
receivable
Reinsurance deposit
receivable
Other receivables 115570683.93 115570683.93
Including: Interest
receivable
1063684.93 1063684.93
Dividends
receivable
2000000.00 2000000.00
Redemptory monetary
capital for resale
Inventory 2670294017.74 2670294017.74
Contract assets
Held-for-sale assets
Non-current assets
due within one year
Other current assets 468083201.09 468083201.09
Total current assets 5068568666.07 5068568666.07
Non-current assets:
Loans and advances
issued
Debt investment
Financial assets
available for sale
34069679.99 / 34069679.99
Other debt investment
Held-to-maturity
investment
Long-term receivables 19000000.00 19000000.00
Long-term equity
investment
172684147.74 172684147.74
Other equity
instrument investment
/ 34069679.99 34069679.99
Other non-current
financial assets
Investment properties 1412916851.46 1412916851.46
Fixed assets 59351351.90 59351351.90
Construction in
progress
151214015.76 151214015.76
Productive biological
assets
Oil & gas assets
Right-of-use assets
Intangible assets 32471556.32 32471556.32
Development
expenses
Goodwill
Long-term expenses
to be amortized
73769436.90 73769436.90
Deferred income tax
assets
56931280.75 56931280.75
Other non-current
assets
47032751.31 47032751.31
Total non-current assets 2059441072.13 2059441072.13
Total assets 7128009738.20 7128009738.20
Current liabilities:
Short-term borrowing 520000000.00 520000000.00
Loans from central
bank
Loans from other
banks
Trading financial
liabilities
Financial liabilities
measured by fair value
with changes included in
current gains and losses
Derivative financial
liabilities
Notes payable
Accounts payable 293130435.56 293130435.56
Advance receipt 692811462.75 692811462.75
Contract liabilities
Financial assets sold
for repurchase
Deposits from
customers and interbank
Acting trading
securities
Acting underwriting
securities
Payroll payable 44065725.59 44065725.59
Taxes payable 121045597.93 121045597.93
Other payables 1021673905.77 1021673905.77
Including: Interest
payable
4943712.80 4943712.80
Dividends
payable
4196371.01 4196371.01
Service charges and
commissions payable
Reinsurance accounts
payable
Held-for-sale
liabilities
Non-current liabilities
due within one year
272569415.58 272569415.58
Other current
liabilities
Total current liabilities 2965296543.18 2965296543.18
Non-current liabilities:
Insurance deposit
Long-term borrowing 748250000.00 748250000.00
Bonds payable 787752107.90 787752107.90
Including:
Preferred stock
Perpetual
capital securities
Lease liabilities
Long-term payables
Long-term payroll
payable
Estimated liabilities 90254503.10 90254503.10
Deferred income 6732529.57 6732529.57
Deferred income tax
liabilities
79875150.30 79875150.30
Other non-current
liabilities
0.00
Total non-current liabilities 1712864290.87 1712864290.87
Total liabilities 4678160834.05 4678160834.05
Owners' equity:
Share capital 1235656249.00 1235656249.00
Other equity
instruments
Including:
Preferred stock
Perpetual
capital securities
Capital reserve 156892820.25 156892820.25
Less: Treasury shares
Other comprehensive
income
91765.66 91765.66
Special reserve
Surplus reserve 152762534.98 152762534.98
General risk provision
Undistributed profits 322477846.55 152762534.98
Total owners' equity
attributable to the parent
company
1867881216.44 152762534.98
Minority shareholders'
equity
581967687.71 152762534.98
Total owners' equity 2449848904.15 2449848904.15
Total liabilities and owners'
equity
7128009738.20 7128009738.20
Balance Sheet Statement of the Parent Company
Unit: Yuan
Item December 31 2018 January 01 2019 Adjusted figures
Current assets:
Monetary funds 971108422.35 971108422.35
Trading financial
assets
Financial assets
measured by fair value
with changes included in
current gains and losses
Derivative financial
assets
Notes receivable
Accounts receivable 217360.00 17360.00
Receivable financing
Prepayment
Other receivables 1098488672.67 1098488672.67
Including: Interest
receivable
Dividends
receivable
2000000.00 2000000.00
Inventory
Contract assets
Held-for-sale assets
Non-current assets
due within one year
Other current assets 4172729.68 4172729.68
Total current assets 2073987184.70 2073987184.70
Non-current assets:
Debt investment
Financial assets
available for sale
33515392.83 / -33515392.83
Other debt investment
Held-to-maturity
investment
Long-term receivables 9000000.00 9000000.00
Long-term equity
investment
1326039288.79 1326039288.79
Other equity
instrument investment
33515392.83 33515392.83
Other non-current
financial assets
Investment properties 252842527.62 252842527.62
Fixed assets 17786925.84 17786925.84
Construction in
progress
Productive biological
assets
Oil & gas assets
Right-of-use assets
Intangible assets 1671913.78 1671913.78
Development
expenses
Goodwill
Long-term expenses
to be amortized
9404881.96 9404881.96
Deferred income tax
assets
1673932.41 1673932.41
Other non-current
assets
39560.00 39560.00
Total non-current assets 1651974423.23 1651974423.23
Total assets 3725961607.93 3725961607.93
Current liabilities:
Short-term borrowing 520000000.00 520000000.00
Trading financial
liabilities
Financial liabilities
measured by fair value
with changes included in
current gains and losses
Derivative financial
liabilities
Notes payable
Accounts payable 206374.11 206374.11
Advance receipt 22491215.88 22491215.88
Contract liabilities
Payroll payable 5143700.56 5143700.56
Taxes payable 4471684.00 4471684.00
Other payables 439491749.59 439491749.59
Including: Interest
payable
1578179.07 1578179.07
Dividends
payable
Held-for-sale
liabilities
Non-current liabilities
due within one year
Other current
liabilities
Total current liabilities 991804724.14 991804724.14
Non-current liabilities:
Long-term borrowing
Bonds payable 787752107.90 787752107.90
Including:
Preferred stock
Perpetual
capital securities
Lease liabilities
Long-term payables
Long-term payroll
payable
Estimated liabilities
Deferred income 6592529.57 6592529.57
Deferred income tax
liabilities
Other non-current
liabilities
Total non-current liabilities 794344637.47 794344637.47
Total liabilities 1786149361.61 1786149361.61
Owners' equity:
Share capital 1235656249.00 1235656249.00
Other equity
instruments
Including:
Preferred stock
Perpetual
capital securities
Capital reserve 231415947.36 231415947.36
Less: Treasury shares
Other comprehensive
income
-55.90 -55.90
Special reserve
Surplus reserve 152762534.98 152762534.98
Undistributed profits 319977570.88 319977570.88
Total owners' equity 1939812246.32 1939812246.32
Total liabilities and owners'
equity
3725961607.93 3725961607.93
2. Notes to retrospective adjustments of comparative data of previous periods due to implementation of new
standards for financial instruments or new standards for lease from 2019
□ Applicable ? Not applicable
III. Audit Report
Is the 3rd quarter report audited?
□ Yes ? No
The 3rd quarter report of the Company has not been audited.
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