Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.Stock code: 000058 200058 Notice No.:2022-032

Stock abbreviation: SHEN SEG

Shenzhen SEG Co. Ltd.The First Quarterly Report for 2022

The Company and whole members of the BOD guarantee that the information disclosed is true accurate and

complete and there are no any fictitious records misleading statements or important omissions.Important content reminder:

1. Board of Directors Supervisory Committee all directors supervisors and senior executives of Shenzhen SEG

Co. Ltd. (hereinafter referred to as the Company) hereby confirm that there are no any fictitious statements

misleading statements or important omissions carried in this report and shall take all responsibilities individual

and/or joint for the reality accuracy and completion of the whole contents.

2. Principal of the Company Zhang Liang Person in Charge of Accounting Works Yan Dongxia and Person in

Charge of Accounting Organ (Accounting Officer) Wang Lei hereby confirm that the Financial Report of the First

Quarterly Report is authentic accurate and complete.

3. Whether the First Quarterly Report has been audited or not

□Yes √No

I. Main financial data

(i) Main accounting data and financial indexes

Whether it has retroactive adjustment or re-statement on previous accounting data or not

□Yes √No

Year-on-year

Amount of the reporting Amount of the same period

increase/decrease in the

period of the previous year

reporting period

Operating income (Yuan) 472271888.67 463208485.25 1.96%

Net profit attributable to shareholders of

33718455.4433065039.591.98%

the listed company (Yuan)

Net profit attributable to shareholders of

the listed company after deducting 31935930.86 28784190.03 10.95%

non-recurring gains and losses (Yuan)

Net cash flow arising from operating

-60846435.24-64410695.225.53%

activities (Yuan)

Basic earnings per share (Yuan /Share) 0.0273 0.0268 1.87%

Diluted earnings per share (Yuan /Share) 0.0273 0.0268 1.87%

Weighted average ROE 1.68% 1.72% -0.04%

End of current period End of previous year Increase/decrease at the

1Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

period-end compared with

the end of the previous year

Total assets (Yuan) 5639011593.28 5632373265.14 0.12%

Net assets attributable to shareholder of the

2018495886.891984760159.281.70%

listed company (Yuan)

(ii) Items and amounts of non-recurring profit (gains)/losses

√ Applicable □ Not applicable

Unit: RMB/CNY

Item Amount for the period Note

Gains/losses from the disposal of non-current asset (including the

21911.60

write-off that accrued for impairment of assets)

Government subsidy recorded in current gains/losses (except

those closely related to the Company’s normal operation and

119373.45

those continuously enjoyed on a fixed or quantitative basis with

certain standards in accordance with national policy regulations)

Capital occupation fee charged to non-financial enterprise that

214101.84

reckoned into current gains/losses

Profit and loss from commissioned investment or asset

2082817.32

management

Trust fee obtained from trust operation 78459.54

Other non-operating income and expenses other than the above 240098.28

Other gains/losses items that meet the definition of non-recurring

120528.45

gains/losses

Less: impact on income tax 677830.63

Impact on minority shareholders’ equity (post-tax) 416935.27

Total 1782524.58 --

Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:

□ Applicable √ Not applicable

The Company does not have other gain/loss items that qualified the definition of non-recurring profit (gains)/lossesExplanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss

□ Applicable √ Not applicableThe Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 on Information Disclosure forCompanies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined as recurring gain/loss

(iii) Particulars about changes in items of main accounting data and financial index and explanations of

reasons

√ Applicable □Not applicable

2Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

Changes in major accounting data and financial indicators

Unit: RMB/CNY

Increase/decr

ease (+-) at

end of the

period/curren

t period

Closing Beginning compared to

Item balance/current balance/same period Difference the Reasons for differences

amount of last year beginning of

the

period/the

same period

of last

year(%)

Accounts 313587373.84 209248610.21 104338763.63 49.86% Mainly due to the settlement method for

receivable property management business of the

Company

Construction in 813849.31 3042922.98 -2229073.67 -73.25% Mainly due to the transferred to fixed

progress assets from construction in progress

Other current 4334439.13 1199408.55 3135030.58 261.38% Mainly due to the increase in

liabilities stay-recognition output tax

Financial 13551836.72 20383151.62 -6831314.90 -33.51% Mainly due to the scale down in financing

expenses

Credit 1940.00 5603672.81 -5601732.81 -99.97% Mainly due to the recovery of litigation

impairment loss payments in the same period last year

Net cash flows 11662763.27 -17972160.08 29634923.35 164.89% Mainly due to the decrease in bank

from investing wealth management products purchased

activities in the Period

Net increase in -78329719.99 -121164613.83 42834893.84 35.35% Mainly due to the increase in net cash

cash and cash flow arising from investment activities

equivalents and financing activities in the Period

II. Shareholders Information

(i) Total number of common shareholders and preference shareholders with voting rights recovered and

top ten common shareholders

Unit: Share

Total preference shareholders

Total common shareholders at the with voting rights recovered at

662860

end of report period end of reporting period (if

applicable)

Top ten shareholders

Shareholder’s Nature of Proportion of Amount of shares Amount of Information of shares pledged

3Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

name shareholder shares held held restricted shares tagged or frozen

held State of share Amount

Shenzhen SEG State-owned legal

56.70%700618759450857239

Group Co. Ltd. person

Domestic natural

Liu Guocheng 0.59% 7296402

person

LISHERYNZHA Overseas natural

0.46%5693558

NMING person

Domestic natural

Liu Guohong 0.29% 3605661

person

Overseas natural

Gong Qianhua 0.24% 2940000

person

Domestic natural

Xu Yueying 0.16% 1983900

person

Domestic natural

Wang Li 0.13% 1575400

person

Domestic natural

Luo Haijin 0.12% 1502275

person

Domestic natural

Wang Jinjun 0.12% 1433500

person

Domestic natural

Qian Jidong 0.11% 1340345

person

Top ten shareholders with unrestricted shares held

Type of shares

Shareholder’s name Amount of unrestricted shares held

Type Amount

RMB ordinary

Shenzhen SEG Group Co. Ltd. 249761520 249761520

shares

Domestic listed

Liu Guocheng 7296402 7296402

foreign shares

Domestic listed

LISHERYNZHANMING 5693558 5693558

foreign shares

Domestic listed

Liu Guohong 3605661 3605661

foreign shares

Domestic listed

Gong Qianhua 2940000 2940000

foreign shares

Domestic listed

Xu Yueying 1983900 1983900

foreign shares

RMB ordinary

Wang Li 1575400 1575400

shares

Domestic listed

Luo Haijin 1502275 1502275

foreign shares

Domestic listed

Wang Jinjun 1433500 1433500

foreign shares

Qian Jidong 1340345 RMB ordinary 1340345

4Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

shares

Explanations on the association SEG Group has no association relationship with other shareholders and is not a person acting

relationship or concerted action in concert with other shareholders as specified in the Management Methods for Disclosure of

among the above-mentioned Information on Changes of Shareholding Status of Shareholders of Listed Companies. It is

shareholders unclear whether other shareholders are persons acting in concert.Information on top 10 ordinary

shareholders participating in Domestic natural person Wang Li holds 1575400 shares of the Company through the

securities margin trading (if investor credit account for securities margin trading

applicable)

(ii) Total shareholders with preferred stock held and shares held by top ten shareholders with preferred

stock held

□ Applicable √ Not applicable

III. Other significant events

√ Applicable □ Not applicable

Inquiry index for the websites disclosing the temporary

Overview of major events Disclosure date

reports

The Notice on Impact of “5·18” SEG Plaza Building

1. Situation of “5·18” SEG Plaza Building

January 7 2022 Vibration Event on Company’s Operation released on

Vibration Event

Juchao Website (http://www.cninfo.com.cn/)

Notice on Progress of Controlling subsidiary - Changsha

SEG Development Co. Ltd Provided Financial Assistance

January 22 2022

to its Shareholder released on Juchao Website

2. Controlling subsidiary - Changsha SEG

(http://www.cninfo.com.cn/)

Development Co. Ltd provided financial

Notice on Progress of Controlling subsidiary - Changsha

assistance to its shareholder

SEG Development Co. Ltd Provided Financial Assistance

March 2 2022

to its Shareholder released on Juchao Website

(http://www.cninfo.com.cn/)

Notice on Progress of Controlling Subsidiary Intends to

Transfer 55% Equity of Xi’an SEG Kanghong Real Estate

January 29 2022 Co. Ltd Through Publicly Listed and With Related

Transaction Involved released on Juchao Website

3. Controlling subsidiary intends to transfer (http://www.cninfo.com.cn/)

55% equity of Xi’an SEG Kanghong Real The Notice of Creditor Regarding to Repurchase and

Estate Co. Ltd through publicly listed and Written off the Compensated Shares of Controlling

with related transaction involved Shareholder Repurchase and Written off the Compensated

February 12 2022

Shares of Controlling Shareholders and Related

Transactions released on Juchao Website

(http://www.cninfo.com.cn/)

April 15 2022 Notice on Completion of the Repurchase and Written off

5Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

Compensated Shares of Controlling Shareholders released

on Juchao Website (http://www.cninfo.com.cn/)

Progress Notice on Controlling sub-subsidiary Involved in

4. Progress of the controlling sub-subsidiary

February 26 2022 Litigation released on Juchao Website

involved in litigation

(http://www.cninfo.com.cn/)

Notice on Purchasing the Financial Products with Own Idle

5. Purchase of Financial Products with Own

Idle Funds March 18 2022 Funds released on Juchao Website

(http://www.cninfo.com.cn/)

IV. Quarterly financial statements

(i) Financial statement

1. Consolidate Balance Sheet

Prepared by Shenzhen SEG Co. Ltd.Unit: RMB/CNY

Item Ending balance Opening balance

Current assets:

Monetary fund 1027375240.73 1102543548.87

Settlement provisions

Capital lent

Trading financial assets 304700000.00 325057600.51

Derivative financial assets

Note receivable 6201200.80 5441038.00

Account receivable 313587373.84 209248610.21

Receivable financing

Account paid in advance 10315194.44 9318448.66

Insurance receivable

Reinsurance receivables

Contract reserve of reinsurance

receivable

Other account receivable 58995516.54 50022297.47

Including: Interest receivable

Dividend receivable

Buying back the sale of financial

assets

Inventory 1725376031.41 1697997134.90

Contract assets 20980891.11 22328808.46

Assets held for sale

Non-current asset due within one

year

Other current assets 188045464.36 181153434.58

6Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

Total current assets 3655576913.23 3603110921.66

Non-current assets:

Loans and payments on behalf

Debt investment

Other debt investment

Long-term account receivable 39070459.58 38454117.14

Long-term equity investment 180299094.12 181471343.42

Investment in other equity

34100628.3234066039.01

instrument

Other non-current financial assets

Investment real estate 995010617.84 1009378181.86

Fixed assets 261746413.12 265396889.67

Construction in progress 813849.31 3042922.98

Productive biological asset

Oil and gas asset

Right-of-use assets 287065845.29 308471942.19

Intangible assets 24517081.02 25065576.29

Expense on research and

development

Goodwill 71041012.43 71041012.43

Long-term expenses to be

33238628.8835531141.15

apportioned

Deferred income tax asset 50389809.78 50372808.51

Other non-current assets 6141240.36 6970368.83

Total non-current asset 1983434680.05 2029262343.48

Total assets 5639011593.28 5632373265.14

Current liabilities:

Short-term loans 60000000.00 63003480.82

Loan from central bank

Capital borrowed

Trading financial liability

Derivative financial liability

Note payable

Account payable 399772358.59 380319611.50

Accounts received in advance 123032170.31 158668868.45

Contract liabilities 53590789.84 50003262.90

Selling financial asset of

repurchase

Absorbing deposit and interbank

deposit

Security trading of agency

Security sales of agency

Wage payable 121016628.24 115799226.03

7Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

Taxes payable 149015772.88 158561857.46

Other account payable 1158987801.27 1142794979.80

Including: Interest payable

Dividend payable

Commission charge and

commission payable

Reinsurance payable

Liability held for sale

Non-current liabilities due within

132488070.60138220344.18

one year

Other current liabilities 4334439.13 1199408.55

Total current liabilities 2202238030.86 2208571039.69

Non-current liabilities:

Insurance contract reserve

Long-term loans 538286207.00 546248418.00

Bonds payable

Including: Preferred stock

Perpetual capital

securities

Lease liability 212200792.77 232520332.31

Long-term account payable 5986294.20 5905964.21

Long-term wages payable

Accrual liability 54377757.11 54377757.11

Deferred income 893372.66 966382.90

Deferred income tax liabilities 10354669.03 10579877.96

Other non-current liabilities

Total non-current liabilities 822099092.77 850598732.49

Total liabilities 3024337123.63 3059169772.18

Owner’s equity:

Share capital 1235656249.00 1235656249.00

Other equity instrument

Including: Preferred stock

Perpetual capital

securities

Capital public reserve 216689753.71 216689753.71

Less: Treasury shares

Other comprehensive income 98737.51 81465.34

Reasonable reserve

Surplus public reserve 175537597.25 175537597.25

Provision of general risk

Retained profit 390513549.42 356795093.98

Total owner’ s equity attributable to

2018495886.891984760159.28

parent company

8Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

Minority interests 596178582.76 588443333.68

Total owner’ s equity 2614674469.65 2573203492.96

Total liabilities and owner’ s equity 5639011593.28 5632373265.14

Legal Representative: Zhang Liang

Person in charge of accounting works: Yan Dongxia

Person in charge of accounting institute: Wang Lei

2. Consolidated Profit Statement

Unit: RMB/CNY

Item Current period Last period

I. Total operating income 472271888.67 463208485.25

Including: Operating income 472271888.67 463208485.25

Interest income

Insurance gained

Commission charge and

commission income

II. Total operating cost 412551949.79 406895920.79

Including: Operating cost 363737649.96 347538135.16

Interest expense

Commission charge and

commission expense

Cash surrender value

Net amount of expense of

compensation

Net amount of withdrawal of

insurance contract reserve

Bonus expense of guarantee

slip

Reinsurance expense

Tax and extras 6499941.12 7413187.00

Sales expense 5878491.73 5503600.12

Administrative expense 21241288.41 24904887.23

R&D expense 1642741.84 1152959.66

Financial expenses 13551836.72 20383151.62

Including: Interest

15683958.3220662563.93

expenses

Interest income 2293466.16 1896862.14

Add: other income 1020051.43 1804761.25

Investment income (Loss is

891263.75-65686.85

listed with “-”)

Including: Investment income

-1172249.30-4098114.81

on affiliated company and joint venture

The termination of income

recognition for financial assets measured

by amortized cost

Exchange income (Loss is

listed with “-”)

9Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

Net exposure hedging income

(Loss is listed with “-”)

Income from change of fair

value (Loss is listed with “-”)

Loss of credit impairment

1940.005603672.81

(Loss is listed with “-”)

Losses of devaluation of asset

(Loss is listed with “-”)

Income from assets disposal

(Loss is listed with “-”)

III. Operating profit (Loss is listed with

61633194.0663655311.67

“-”)

Add: Non-operating income 337759.21 658069.47

Less: Non-operating expense 53837.73 157834.61

IV. Total profit (Loss is listed with “-”) 61917115.54 64155546.53

Less: Income tax expense 20472080.83 20567879.14

V. Net profit (Net loss is listed with “-”) 41445034.71 43587667.39

(i) Classify by business continuity

1. Net profit from continuing

41445034.7143587667.39

operations (net loss listed with “-”)

2. Net profit from termination of

operations (net loss listed with “-”)

(ii) Classify by ownership

1.Net profit attributable to owner’s

33718455.4433065039.59

of parent company

2.Minority shareholders’ gains and

7726579.2710522627.80

losses

VI. Net after-tax of other comprehensive

25941.98-12714.91

income

Net after-tax of other comprehensive

income attributable to owners of parent 17272.17 -8456.06

company

(i) Other comprehensive income

items which will not be reclassified 17272.17 -8484.58

subsequently to profit of loss

1.Changes of the defined

benefit plans that re-measured

2.Other comprehensive

income under equity method that cannot

be transfer to gain/loss

3.Change of fair value of

17272.17-8484.58

investment in other equity instrument

4.Fair value change of

enterprise's credit risk

5. Other

(ii) Other comprehensive income

items which will be reclassified 28.52

subsequently to profit or loss

1.Other comprehensive

income under equity method that can 28.52

transfer to gain/loss

2.Change of fair value of

other debt investment

3.Amount of financial assets

10Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

re-classify to other comprehensive

income

4.Credit impairment

provision for other debt investment

5.Cash flow hedging reserve

6.Translation differences

arising on translation of foreign currency

financial statements

7.Other

Net after-tax of other comprehensive

income attributable to minority 8669.81 -4258.85

shareholders

VII. Total comprehensive income 41470976.69 43574952.48

Total comprehensive income

33735727.6133056583.53

attributable to owners of parent Company

Total comprehensive income

7735249.0810518368.95

attributable to minority shareholders

VIII. Earnings per share:

(i) Basic earnings per share 0.0273 0.0268

(ii) Diluted earnings per share 0.0273 0.0268

Enterprise combine under the same control in the Period the combined party realized net profit of 0.00 Yuan before combination and

realized 0.00 Yuan at last period for combined party

Legal Representative: Zhang Liang

Person in charge of accounting works: Yan Dongxia

Person in charge of accounting institute: Wang Lei

3. Consolidated Cash Flow Statement

Unit: RMB/CNY

Item Current period Last period

I. Cash flows arising from operating

activities:

Cash received from selling

commodities and providing labor 395959276.93 369280991.34

services

Net increase of customer deposit

and interbank deposit

Net increase of loan from central

bank

Net increase of capital borrowed

from other financial institution

Cash received from original

insurance contract fee

Net cash received from reinsurance

business

Net increase of insured savings

and investment

Cash received from interest

commission charge and commission

Net increase of capital borrowed

11Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

Net increase of returned business

capital

Net cash received by agents in sale

and purchase of securities

Write-back of tax received 1021164.70 12359.71

Other cash received concerning

67761540.5785771974.54

operating activities

Subtotal of cash inflow arising from

464741982.20455065325.59

operating activities

Cash paid for purchasing

commodities and receiving labor 170811283.46 143278784.27

service

Net increase of customer loans and

advances

Net increase of deposits in central

bank and interbank

Cash paid for original insurance

contract compensation

Net increase of capital lent

Cash paid for interest commission

charge and commission

Cash paid for bonus of guarantee

slip

Cash paid to/for staff and workers 178203981.37 139366479.49

Taxes paid 59820455.80 59968939.78

Other cash paid concerning

116752696.81176861817.27

operating activities

Subtotal of cash outflow arising from

525588417.44519476020.81

operating activities

Net cash flows arising from operating

-60846435.24-64410695.22

activities

II. Cash flows arising from investing

activities:

Cash received from recovering

141900000.00143600000.00

investment

Cash received from investment

2096568.004032427.96

income

Net cash received from disposal of

fixed intangible and other long-term 886.52

assets

Net cash received from disposal of

subsidiaries and other units

Other cash received concerning

investing activities

Subtotal of cash inflow from investing

143996568.00147633314.48

activities

Cash paid for purchasing fixed

9333804.735905474.56

intangible and other long-term assets

Cash paid for investment 123000000.00 159700000.00

Net increase of mortgaged loans

Net cash received from

subsidiaries and other units obtained

Other cash paid concerning

investing activities

12Body of Q1 2022 Report of Shenzhen SEG Co. Ltd.

Subtotal of cash outflow from investing

132333804.73165605474.56

activities

Net cash flows arising from investing

11662763.27-17972160.08

activities

III. Cash flows arising from financing

activities

Cash received from absorbing

investment

Including: Cash received from

absorbing minority shareholders’

investment by subsidiaries

Cash received from loans 5047789.00

Other cash received concerning

financing activities

Subtotal of cash inflow from financing

5047789.00

activities

Cash paid for settling debts 21574709.02 22278500.00

Cash paid for dividend and profit

10268294.6616503258.53

distributing or interest paying

Including: Dividend and profit of

minority shareholder paid by

subsidiaries

Other cash paid concerning

2350833.34

financing activities

Subtotal of cash outflow from financing

34193837.0238781758.53

activities

Net cash flows arising from financing

-29146048.02-38781758.53

activities

IV. Influence on cash and cash

equivalents due to fluctuation in

exchange rate

V. Net increase of cash and cash

-78329719.99-121164613.83

equivalents

Add: Balance of cash and cash

1091838138.56817618857.13

equivalents at the period-begin

VI. Balance of cash and cash

1013508418.57696454243.30

equivalents at the period-end

(ii) Audit report

Whether the 1st quarterly report has been audited or not

□Yes √ No

The 1st quarterly report of the Company has not been audited.Board of Directors of

Shenzhen SEG Co. Ltd.April 29 2022

13