The First Quarterly Report for 2023 of Shenzhen SEG Co. Ltd.Stock code: 000058/200058 Stock abbreviation: SHEN SEG A SHEN SEG B Notice No.: 2023-021

Shenzhen SEG Co. Ltd.The First Quarterly Report for 2023

The Company and all members of the Board of Directors guarantee that the information disclosed is true accurate and

complete and there are no false records misleading statements or material omissions.Important Note:

1. The Board of Directors the Board of Supervisors and the Directors Supervisors and senior management guarantee that the

quarterly report is true accurate and complete without any false records misleading statements or material omissions and that they

assume individual and joint legal responsibility.

2. The person in charge of the Company head of accounting work and head of accounting institution (accounting officer in

charge) declare that they guarantee the truthfulness accuracy and completeness of the financial information in the quarterly report.

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

□ Yes □ No

I. Main Financial Data

(1) Main accounting data and financial indexes

Are retrospective adjustments made to previous financial statements?

□ Yes □ No

Increase/decrease in the

current reporting period

Current reporting period Same period last year

compared with the same

period last year (%)

Operating income (yuan) 445269320.85 472271888.67 -5.72%

Net profit attributable to

shareholders of the listed 32905373.52 33718455.44 -2.41%

company (yuan)

Net profit attributable to

shareholders of the listed

company after deduction of 30118279.30 31935930.86 -5.69%

non-recurring profit and loss

(yuan)

Net amount of cash flow from

-18380969.22-60846435.2469.79%

operating activities (yuan)

Basic EPS (yuan/share) 0.0267 0.0273 -2.20%

Diluted EPS (yuan/share) 0.0267 0.0273 -2.20%

Weighted average ROE 1.69% 1.68% 0.01%

Increase/decrease and the end

End of the current reporting of the current reporting period

End of the last year

period compared with the end of last

year (%)

Total assets (yuan) 5272552392.46 5318741351.95 -0.87%

Owner's equity attributable to 1962793968.88 1928217155.45 1.79%

1The First Quarterly Report for 2023 of Shenzhen SEG Co. Ltd.

shareholders of the listed

company (yuan)

(2) Item and amount of non-recurring profit and loss

□ Applicable □ Not applicable

Unit: RMB/yuan

Item Amount in the current reporting period Note

Governmental subsidy included in

current profit and loss (excluding the

governmental subsidies closely related to

the Company's normal operating

2353863.42

business that conform to national policies

and are enjoyed continuously in

accordance with certain standard rating

or quota)

Profit and loss from assets investment or

1873831.28

management entrusted to others

Trustee fee income from entrusted

31431.50

operation

Other non-operating income and expense

127134.43

except for the items above

Other profit and loss items meeting the

definition of non-recurring profit and 157209.34

loss

Less: Affected income tax 1075318.47

Affected minority equity (after-tax) 681057.28

Total 2787094.22

Details of other profit and loss items meeting the definition of non-recurring profit and loss a specific any case

□ Applicable □ Not applicable

Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses refer to other income of the Company

that does not belong to governmental subsidy.Description of defining the non-recurring profit and loss items listed in the No.1 Explanatory Notice on the Information

Disclosure by Companies that Issue Securities Publicly—Non-recurring Profit and Loss as non-recurring profit and loss

□ Applicable □ Not applicable

The Company has no circumstance of defining the non-recurring profit and loss items listed in the No.1 Explanatory Notice on

the Information Disclosure by Companies that Issue Securities Publicly—Non-recurring Profit and Loss as non-recurring profit and

loss.

(3) Change in main accounting data and financial indexes and the reason

□ Applicable □ Not applicable

Change in Main Accounting Data and Financial Indexes

Unit: RMB/yuan

Increase/decre

ase at the end

End balance of

Beginning of the

the

balance of the period/in the

Item period/amount in Difference Reason for difference:

period/same current period

the current

period last year compared

period

with the

beginning of

2The First Quarterly Report for 2023 of Shenzhen SEG Co. Ltd.

the

period/same

period last

year

Financing of accounts Mainly by the decrease in the Company's

1044000.002449408.14-1405408.14-57.38%

receivable notes receivable with high credit rating

Construction in Mainly by the transfer of the Company's

8568692.8732789129.20-24220436.33-73.87%

process construction in process to fixed assets

Mainly by the increase in the tax on the

Other current liabilities 4554412.54 2189029.58 2365382.96 108.06%

Company's to-be-wrote-off items

Mainly by the change in the fair value of

Other comprehensive

-2902470.14 -4573910.05 1671439.91 36.54% Company's investment of other equity

income

instruments

Mainly by the downsizing of the Company's

Financial expense 7179023.22 13551836.72 -6372813.50 -47.03%

current financing

Mainly by the increase in governmental

Other income 2953995.38 1020051.43 1933943.95 189.59% subsidy received by the Company in the

current period

Mainly by the increase in the Company's

Income from

-999436.73 891263.75 -1890700.48 -212.14% joint venture investment loss in the current

investment

period

Net amount of cash Mainly by the year-on-year increase in the

flow from operating -18380969.22 -60846435.24 42465466.02 69.79% Company's cash from selling commodities

activities and offering labor in the current period

Mainly by the year-on-year decrease in the

Net amount of cash

net amount of wealth management

flow from investing 34275229.56 11662763.27 22612466.29 193.89%

purchased by the Company in the current

activities

period

Net amount of cash Mainly by the year-on-year increase in bank

flow from financing -18997237.29 -29146048.02 10148810.73 34.82% loan obtained by the Company in the current

activities period

Mainly by the increase in the Company's net

Net increase in cash cash flow from operating activities

-3102976.95-78329719.9975226743.0496.04%

and cash equivalents investment activities and financing

activities in the current period

II. Shareholders

(1) Total number of common shareholders and number of preferred shareholders restored with the voting

rights and information on top 10 shareholders

Unit: share

Total number of common Total number of preferred shareholders restored with

shareholders at the end of the 68915 the voting rights at the end of the reporting period (if 0

reporting period any)

Shareholding on top 10 shareholders

Shareholdin Number of Shares pledged tagged or

Nature of Quantity of

Shareholder name g proportion restricted shares frozen

shareholder stock holding

(%) held Share status Quantity

Shenzhen SEG Group Co. State-owned

56.54%696163182.00696163182.00

Ltd. legal person

Liu Guocheng Domestic 0.60% 7396302.00 7396302.00

3The First Quarterly Report for 2023 of Shenzhen SEG Co. Ltd.

natural

person

Overseas

LISHERYNZHANMING natural 0.46% 5681600.00 5681600.00

person

Domestic

Liu Guohong natural 0.30% 3656161.00 3656161.00

person

Overseas

Gong Qianhua natural 0.24% 2940000.00 2940000.00

person

Domestic

Xu Yueying natural 0.16% 1996800.00 1996800.00

person

Domestic

Wang Jinjun natural 0.14% 1670000.00 1670000.00

person

Domestic

Luo Haijin natural 0.12% 1512875.00 1512875.00

person

Domestic

Su Yi natural 0.12% 1490213.00 1490213.00

person

Domestic

Zhu Qihua natural 0.11% 1360000.00 1360000.00

person

Shareholding on top 10 non-restricted shareholders

Stock class

Shareholder name Number of non-restricted shares held

Stock class Quantity

Shenzhen SEG Group Co. Ltd. 696163182.00 RMB common share 696163182.00

Domestic listed

Liu Guocheng 7396302.00 7396302.00

foreign shares

Domestic listed

LISHERYNZHANMING 5681600.00 5681600.00

foreign shares

Domestic listed

Liu Guohong 3656161.00 3656161.00

foreign shares

Domestic listed

Gong Qianhua 2940000.00 2940000.00

foreign shares

Domestic listed

Xu Yueying 1996800.00 1996800.00

foreign shares

Domestic listed

Wang Jinjun 1670000.00 1670000.00

foreign shares

Domestic listed

Luo Haijin 1512875.00 1512875.00

foreign shares

Domestic listed

Su Yi 1490213.00 1490213.00

foreign shares

Zhu Qihua 1360000.00 RMB common share 1360000.00

Shenzhen Shenzhen SEG Group Co. Ltd has no association with other

Explanations on the association relationship or shareholders nor it is a concerted action unit as set forth in the

concerted action among the above-mentioned Management Methods for Merger of Listed Companies. It is unknown

shareholders whether other shareholders have an association or are concerted action

units or not.Description of top 10 shareholders participating in the

None

securities margin trading (if any)

4The First Quarterly Report for 2023 of Shenzhen SEG Co. Ltd.

(2) Number of preferred shareholders and shares held by top 10 preferred shareholders

□ Applicable □ Not applicable

III. Other Important Events

□ Applicable □ Not applicable

Overview Disclosure date Website index for interim reports disclosed

"Notice on the Implementation of the Reduction of the Shares

1. Reduction of shares of Huakong SEG

January 4 2023 of Huakong SEG Co. Ltd." released on Juchao Website

Co. Ltds and relevant information

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

"Notice on the Resolution of the 42nd Interim Meeting of the

2. Revision of the Investment Management

January 19 2023 8th Board of Directors" released on Juchao Website

Regulations

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

"Notice on the Progress of the Lawsuit Involved by the

January 30 2023 Holding Sub-subsidiary" released on Juchao Website

3. Progress of the lawsuit involved by the

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

holding sub-subsidiary Shenzhen SEG New

"Notice on the Holding Sub-subsidiary Being Sealed up and

Urban Construction Development Co. Ltd.March 31 2023 the Progress of the Lawsuit Involved" released on Juchao

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

4. Selection of Securities Times Securities

Daily China Securities Journal and Juchao "Notice on the Resolution of the 43rd Interim Meeting of the

Website (http://www.cninfo.com.cn) the February 9 2023 8th Board of Directors" released on Juchao Website

disclosure media of the Company for year (http://www.cninfo.com.cn)

of 2023

5. Appointment of Beijing Zhong Lun

"Notice on the Resolution of the 43rd Interim Meeting of the

(Shenzhen) Law Firm for the Securities

February 9 2023 8th Board of Directors" released on Juchao Website

Legal Consultation Matters of the Company

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

in 2023

IV. Quarterly Financial Statement

(1) Financial statement

1. Consolidated Balance Sheet

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

Item End. balance Beg. balance

Current assets:

Monetary funds 992702702.67 994421369.42

Provision for settlement

Lending funds

Trading financial assets 129584096.66 180868562.15

Derived financial assets

Notes receivable 9022127.00 11884758.88

Accounts receivable 320802675.86 315473245.43

Financing of accounts receivable 1044000.00 2449408.14

Prepayment 8846245.13 12325876.18

Premium receivable

Reinsurance accounts receivable

Provision of cession receivable

Other receivables 71949979.79 65860699.46

Including: Interests receivable

Dividends receivable

5The First Quarterly Report for 2023 of Shenzhen SEG Co. Ltd.

Redemptory monetary capital for sale

Inventory 1690296042.51 1701453879.37

Contract assets 28654072.42 28654072.42

Held-for-sale assets

Non-current assets due within one year

Other current assets 67037561.34 55893058.63

Total current assets 3319939503.38 3369284930.08

Non-current assets:

Loans issued and advance in cash

Investment of creditor's rights

Other investment of creditor's rights

Long-term receivables 23041000.99 22809517.85

Long-term equity investment 140192124.81 143465403.43

Investment of other equity instruments 30115337.05 27897499.04

Other non-current financial assets

Investment real estate 968142189.77 952807956.49

Fixed assets 299647342.28 259816845.31

Construction in process 8568692.87 32789129.20

Productive biological assets

Oil and gas assets

Right-to-use assets 207388991.32 227361597.84

Intangible assets 22822453.72 23324088.29

Development expenditure

Goodwill 70827727.55 70827727.55

Long-term unamortized expenses 27290599.09 28439474.89

Deferred income tax assets 73610820.63 74217722.21

Other non-current assets 80965609.00 85699459.77

Total non-current assets 1952612889.08 1949456421.87

Total assets 5272552392.46 5318741351.95

Current liabilities:

Short-term loans 210181111.13 210181111.13

Borrowings from central bank

Borrowing funds

Trading financial liabilities

Derived financial liabilities

Notes payable

Accounts payable 464256350.16 477876252.19

Advance receipts 156511392.17 179935767.58

Contract liabilities 37277813.44 29676162.94

Financial assets sold for repurchase

Deposits from customers and

interbank

Acting trading securities

Acting underwriting securities

Payroll payable 100535919.01 129186534.91

Taxes payable 140749879.18 137628740.93

Other payables 802065258.07 813507968.24

Including: Interests payable

Dividends payable 23312295.44 22493095.44

Service charge and commission

payable

Reinsurance accounts payable

Held-for-sale liabilities

Non-current liabilities due within one

105756599.81114282465.35

year

Other current liabilities 4554412.54 2189029.58

Total current liabilities 2021888735.51 2094464032.85

6The First Quarterly Report for 2023 of Shenzhen SEG Co. Ltd.

Non-current liabilities

Provision of insurance contracts

Long-term loans 525788609.04 523309490.59

Bonds payable

Include: preferred stock

Perpetual bonds

Lease liabilities 167904670.42 178107661.75

Long-term payables 4820080.07 4739253.10

Long-term payroll payable

Estimated liabilities 55155504.76 55155504.76

Deferred income 601331.70 674341.94

Deferred income tax liabilities 9887349.29 10062775.57

Other non-current liabilities

Total non-current liabilities 764157545.28 772049027.71

Total liabilities 2786046280.79 2866513060.56

Owner's equity:

Capital stock 1231200672.00 1231200672.00

Other equity instruments

Include: preferred stock

Perpetual bonds

Capital reserve 165950347.39 165950347.39

Less: Treasury stocks

Other comprehensive income -2902470.14 -4573910.05

Special reserve

Surplus reserve 183634506.23 183634506.23

General risk reserve

Undistributed profits 384910913.40 352005539.88

Total owners' equity attributable to the

1962793968.881928217155.45

parent company

Minority equity 523712142.79 524011135.94

Total owners' equity 2486506111.67 2452228291.39

Total liabilities and owners' equity 5272552392.46 5318741351.95

Legal representative: Zhang Liang Head of accounting work: Xiao Jun Head of accounting institution: Chen Chuan

2. Consolidated Profit Statement

Unit: RMB/yuan

Item Amount incurred in this period Amount incurred in last period

I. Total operating income 445269320.85 472271888.67

Including: Operating income 445269320.85 472271888.67

Interest revenue

Premium earned

Income of service charge and

commission

II. Total operating costs 384360060.26 412551949.79

Including: Operating costs 338171858.58 363737649.96

Interest expense

Expense of service charge and

commission

Surrender value

Net payments for insurance

claims

Net withdrawal of policy

reserve

7The First Quarterly Report for 2023 of Shenzhen SEG Co. Ltd.

Bond insurance expense

Reinsurance expense

Taxes and surcharges 7040648.41 6499941.12

Selling expense 5154703.97 5878491.73

Administration expense 24608077.82 21241288.41

R&D expense 2205748.26 1642741.84

Financial expense 7179023.22 13551836.72

Include: Interest expense 8937348.65 15683958.32

Interest revenue 4618117.49 2293466.16

More: Other income 2953995.38 1020051.43

Income from investment ("–"

-1399447.34891263.75

means loss)

Include: Income from

investment in joint ventures and -3273278.62 -1172249.30

cooperative enterprises

Income from

financial asset derecognition measured at

amortized cost

Exchange gains ("– "means loss)

Net income from exposed hedge

("– "means loss)

Income from fair value change

("–" means loss)

Credit impairment loss ("–"

1400.001940.00

means loss)

Assets impairment loss ("–"

means loss)

Income from assets disposal ("–"

means loss)

III. Operating profits ("–" means loss) 62465208.63 61633194.06

More: Non-operating income 804286.03 337759.21

Less: Non-operating expense 677151.60 53837.73

IV. Total profits ("–" means loss) 62592343.06 61917115.54

Less: Income tax 19737901.29 20472080.83

V. Net profits ("–" means loss) 42854441.77 41445034.71

(1) By operation continuity

1. Net profits from continuous

42854441.7741445034.71

operation ("–" means loss)

2. Net profits from operation

termination ("–" means loss)

(2) By attribution of ownership

1. Net profit attributable to the

32905373.5233718455.44

owner of parent company

2. Minority profit and loss 9949068.25 7726579.27

VI. After-tax net amount of other

1663378.5125941.98

comprehensive income

After-tax net amount of other

comprehensive income attributable to the 1671439.91 17272.17

owner of parent company

(1) Other comprehensive income

that cannot be reclassified into profit and 1671439.91 17272.17

loss

8The First Quarterly Report for 2023 of Shenzhen SEG Co. Ltd.

1. Remeasured variation of

defined benefit plan

2. Other comprehensive income

that cannot be transferred into profit and

loss under the Equity Law

3. Change in the fair value of

1671439.9117272.17

other investment of equity instruments

4. Change in the fair value of the

enterprise's credit risk

5. Others

(2) Other comprehensive income to

be reclassified into profit and loss

1. Other comprehensive income

that can be transferred into profit and

loss under the Equity Law

2. Change in the fair value of

other investments of creditor's rights

3. Amount of financial asset

reclassified to other comprehensive

income

4. Impairment provision for other

investment of creditor's rights

5. Cash flow hedge reserve

6. Difference of translation of

foreign currency financial statements

7. Others

After-tax net amount of other

comprehensive income attributable to -8061.40 8669.81

minority shareholders

VII. Total comprehensive income 44517820.28 41470976.69

Total comprehensive income

attributable to the owner of parent 34576813.43 33735727.61

company

Total comprehensive income

9941006.857735249.08

attributable to minority shareholders

VIII. Earnings per share:

(1) Basic earnings per share 0.0267 0.0273

(2) Diluted earnings per share 0.0267 0.0273

In the case of a business merger under the same control in the current period the net income realized by the party being merged

before the merger was RMB 0.00 and the net income realized by the party being merged in the previous period was RMB 0.00.Legal representative: Zhang Liang Head of accounting work: Xiao Jun Head of accounting institution: Chen Chuan

3. Consolidated Cash Flow Statement

Unit: RMB/yuan

Item Amount incurred in this period Amount incurred in last period

I. Cash flow from operating activities:

Cash from selling commodities and

443160330.36395959276.93

offering labor

Net increase in deposits from

customers and interbank

Net increase in borrowings from

central bank

Net increase in loans from other banks

Cash from premium of original

9The First Quarterly Report for 2023 of Shenzhen SEG Co. Ltd.

insurance contract

Net cash from reinsurance business

Net increase in insurance policy

holder's savings and investment

Cash from interests service charge

and commission

Net increase in borrowing funds

Net increase in repurchase business

Net cash from acting trading securities

Refund of tax and fee received 1183473.36 1021164.70

Other cash received related to

66937283.9367761540.57

operating activities

Subtotal of cash inflow from operating

511281087.65464741982.20

activities

Cash paid for commodities and labor 181208188.82 170811283.46

Net increase in customer loan and

advance in cash

Net increase in borrowings from

central bank and interbank

Cash paid for the compensation of

original insurance contract

Net increase in lending funds

Cash paid for interests service charge

and commission

Cash paid for policy dividend

Cash paid to and for employees 199103710.22 178203981.37

Taxes and feeds paid 46468466.68 59820455.80

Other cash paid related to operating

102881691.15116752696.81

activities

Subtotal of cash outflow from operating

529662056.87525588417.44

activities

Net amount of cash flow from operating

-18380969.22-60846435.24

activities

II. Cash flow from investing activities:

Cash received from disposal of

93800000.00141900000.00

investments

Cash received from return on

1873831.182096568.00

investments

Net amount of cash received from

disposal of fixed assets intangible assets 1300.00

and other long-term assets

Net amount of cash received from

disposal of subsidiaries and other

business entities

Other cash received related to

investing activities

Subtotal of cash inflow from investing

95675131.18143996568.00

activities

Cash paid to acquire fixed assets

intangible assets and other long-term 18899901.62 9333804.73

assets

Cash paid to acquire investments 42500000.00 123000000.00

Net increase in pledge loan

10The First Quarterly Report for 2023 of Shenzhen SEG Co. Ltd.

Net amount of cash paid to acquire

subsidiaries and other business entities

Other cash paid related to investing

activities

Subtotal of cash outflow from investing

61399901.62132333804.73

activities

Net amount of cash flow from investing

34275229.5611662763.27

activities

III. Cash flow from financing activities:

Cash received from capital

contribution

Including: Cash received by

subsidiaries from absorbing minority

shareholders' investment

Cash received from borrowings 16576185.81 5047789.00

Other cash received related to

financing activities

Subtotal of cash inflow from financing

16576185.815047789.00

activities

Cash paid to repay debts 12876250.00 21574709.02

Cash paid to distribute dividends and

18640686.3210268294.66

profits or pay interests

Including: Dividend and profit paid

10240000.00

by subsidiaries to minority shareholders

Other cash paid related to financing

4056486.782350833.34

activities

Subtotal of cash outflow from financing

35573423.1034193837.02

activities

Net amount of cash flow from financing

-18997237.29-29146048.02

activities

IV. Effect of foreign exchange changes

on cash and cash equivalents

V. Net increase in cash and cash

-3102976.95-78329719.99

equivalents

More: Beginning balance of cash and

987346307.911091838138.56

cash equivalents

VI. Ending balance of cash and cash

984243330.961013508418.57

equivalents

(2) Audit Report

Whether the First Quarterly Report has been audited or not

□ Yes □ No

The First Quarterly Report is not audited.Board of Directors of Shenzhen SEG Co. Ltd.April 27 2023

11