Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

Stock code: 000058 200058 Stock abbreviation: SHEN SEG A SHEN SEG B Notice No.: 2025-030

Shenzhen SEG Co. Ltd.First Quarterly Report for 2025

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 Notice:

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 owner) 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

□ Yes □No

1Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

I. Main Financial Data

(I) Main accounting data and financial indicators

Whether the Company needs to perform retrospective adjustment or restatement of accounting data for previous years

□ Yes □No

Same period of previous Changes over same period of

Current period

year previous year

Operating income (RMB) 357999755.03 414161145.61 -13.56%

Net profit attributable to shareholders

22883073.3624867650.31-7.98%

of the listed company (RMB)

Net profit attributable to shareholders

of the listed company after deducting 25084379.37 24648777.29 1.77%

non-recurring profit and loss (RMB)

Net cash flow from operating activities

-34833461.92-42261121.3517.58%

(RMB)

Basic earnings per share (RMB/share) 0.0186 0.0202 -7.92%

Diluted earnings per share (RMB/share) 0.0186 0.0202 -7.92%

Weighted average ROE 1.13% 1.23% -0.10%

Changes over end of previous

End of current period End of previous year

year

Total assets (RMB) 5001210265.45 5065402435.76 -1.27%

Owner's equity attributable to

shareholders of the listed company 2028185703.92 2007073603.17 1.05%

(RMB)

(II) Non-recurring items and amounts

□Applicable □ Not applicable

Unit: RMB/yuan

Item Amount of current period Description

Profits or losses from the disposal of non-current asset

(including the write-off that accrued for impairment of -4424.44

assets)

Governmental subsidy included in current profit and loss

(excluding the governmental subsidies closely related to the

Company's normal operating business that conform to 256817.61

national policies and are enjoyed continuously in

accordance with certain standard rating or quota)

Profits/losses from assets entrusted to others for investment

166404.31

or management

Trustee fee from entrusted operations 235804.90

Other non-operating income and expense except for the

-3364074.42

above items

Other profit and loss items that qualify the definition of

-25270.38

non-recurring profit and loss

Less: Affected income tax 110586.59

2Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

Affected minority equity (after-tax) -644023.00

Total -2201306.01 --

Details of other profit and loss items that qualify the definition of non-recurring profit and loss

□Applicable □ Not applicable

For investment income calculated through the equity method the Company discloses the non-recurring profit and loss of Huakong

SEG Co. Ltd. enjoyed based on shareholding as its non-recurring profit and loss.Descriptions where the Company defines any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on

Information Disclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and loss

items during the reporting period

□ Applicable □Not applicable

The Company did not define any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on Information

Disclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and loss items during

the reporting period.(III) Changes of main accounting data and financial indicators and reasons for the changes

□Applicable □ Not applicable

1. Consolidated balance sheet items

Unit: RMB/yuan

Changes

Opening

Item Closing balance Difference over the Reason for the difference

balance

period

Mainly owing to the Company’s

Financial assets

68343456.95 43552021.49 24791435.46 56.92% purchase of wealth management

held for trading

products

Mainly owing to the Company's

Prepayments 8515228.21 5960495.88 2554732.33 42.86% advance payment for goods to

suppliers

Mainly owing to the subsidiaries’

Dividends

19532911.55 31116194.15 -11583282.60 -37.23% payment of dividend and profit to

payable

minority shareholders

Other current Mainly owing to the increase in

11320069.067717587.183602481.8846.68%

liabilities output tax pending carryforward

Mainly owing to changes in fair

Other

value of the Company's

comprehensive -6109164.00 -4338191.39 -1770972.61 -40.82%

investments in other equity

income

instruments

2. Consolidated income statement items

Unit: RMB/yuan

Amount of the Changes over

Amount of the same period of the same

Item Difference Reason for the difference

current period the previous period of the

year previous year

Mainly owing to the year-on-

year decrease in government

Other income 504249.08 781736.07 -277486.99 -35.50%

subsidy received in the current

period

Mainly owing to the year-on-

Credit year increase in the write-back

35927.015212.6430714.37589.23%

impairment loss of bad debts in the current

period

3Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

Mainly owing to the year-on-

Non-operating

3761675.38 674019.13 3087656.25 458.10% year increase in non-operating

expense

expenses such as late fees

3. Consolidated cash flow statement items

Unit: RMB/yuan

Changes

over the

Amount of the

Amount of the same period Reason for the

Item same period of Difference

current period of the difference

the previous year

previous

year

Mainly owing to the

Company’s increased

Net cash flows from investment in the

-85718346.14-30233048.04-55485298.10-183.53%

investing activities construction of

distributed power

stations

Mainly owing to the

year-on-year increase

Net cash flows from in net cash received

-9408949.49-13820151.044411201.5531.92%

financing activities from borrowings and

cash paid for debt

repayment

Mainly owing to the

year-on-year decrease

Net increase in cash in net cash flows

-129960757.55-86314320.43-43646437.12-50.57%

and cash equivalents generated from

investing activities in

the current period

II. Shareholder Information

(I) Total number of ordinary shareholders number of preferred shareholders whose voting rights were

resumed and shareholdings of top 10 shareholders

Unit: share

Total number of preferred shareholders whose

Total number of ordinary shareholders at

68284 voting rights were resumed at the end of the 0

the end of the reporting period

reporting period (if any)

Shareholdings of top 10 shareholders (excluding shares lent through margin securities loan)

Sharehol Pledged marked or frozen

Number

ding

Nature of of

Name of shareholder ratio Number of shares

shareholder restricte Share status Number

Percenta

d shares

ge (%)

Shenzhen SEG Group Co. State-owned

56.54% 696163182.00 0.00 Not applicable 0.00

Ltd. legal person

Foreign

LISHERYNZHANMING natural 0.65% 8031115.00 0.00 Not applicable 0.00

person

Domestic

Liu Guocheng natural 0.62% 7612602.00 0.00 Not applicable 0.00

person

4Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

Hong Kong Securities Foreign

0.39% 4768378.00 0.00 Not applicable 0.00

Clearing Co. Ltd. legal person

Domestic

Liu Guohong natural 0.31% 3861446.00 0.00 Not applicable 0.00

person

Foreign

Gong Qianhua natural 0.24% 2940000.00 0.00 Not applicable 0.00

person

Domestic

Weng Yuhao natural 0.18% 2240000.00 0.00 Not applicable 0.00

person

China Merchants Bank —

Southern Asset

Others 0.18% 2218400.00 0.00 Not applicable 0.00

Management CSI

Smallcap 1000 ETF

Domestic

Lu Xiaowang natural 0.18% 2207200.00 0.00 Not applicable 0.00

person

Domestic

Wang Jinjun natural 0.17% 2100000.00 0.00 Not applicable 0.00

person

Shareholdings of top 10 shareholders (excluding shares lent through margin securities loan and lock-up shares of senior

management)

Type

Name of shareholder Number of unrestricted shares

Type Number

RMB-

Shenzhen SEG Group Co. Ltd. 696163182.00 denominated 696163182.00

ordinary shares

Domestic listed

LISHERYNZHANMING 8031115.00 8031115.00

foreign shares

Domestic listed

Liu Guocheng 7612602.00 7612602.00

foreign shares

RMB-

Hong Kong Securities Clearing Co. Ltd. 4768378.00 denominated 4768378.00

ordinary shares

Domestic listed

Liu Guohong 3861446.00 3861446.00

foreign shares

Domestic listed

Gong Qianhua 2940000.00 2940000.00

foreign shares

RMB-

Weng Yuhao 2240000.00 denominated 2240000.00

ordinary shares

RMB-

China Merchants Bank — Southern Asset

2218400.00 denominated 2218400.00

Management CSI Smallcap 1000 ETF

ordinary shares

RMB-

Lu Xiaowang 2207200.00 denominated 2207200.00

ordinary shares

Domestic listed

Wang Jinjun 2100000.00 2100000.00

foreign shares

There is no related party relationship between SEG Group and other

Description on the related relationship or persons shareholders nor are they persons acting in concert as stipulated in the

acting-in-concert arrangements among the above Administrative Measures on Acquisition of Listed Companies. It is

shareholders unknown to the Company whether other shareholders are related parties

or persons acting in concert.Description on the top 10 shareholders’ participation Weng Yuhao a domestic natural person holds 2240000 shares of the

in margin trading and securities lending business (if Company of which 2217800 shares are held through the credit account

5Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

any) of margin trading and securities lending investors.Participation of margin securities loan by shareholders holding more than 5% of total shares top 10 shareholders and top 10

shareholders without selling restrictions

□ Applicable □Not applicable

Changes of top 10 shareholders and top 10 shareholders without selling restrictions over the previous period due to the lending or

return of shares lent through margin securities loan

□ Applicable □Not applicable

(II) Total number of preferred shareholders and shareholdings of top 10 preferred shareholders

□ Applicable □Not applicable

III. Other Significant Events

□Applicable □ Not applicable

6Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

Overview Date of disclosure Query index on the website where the report is disclosed

Notice on the Performance of Guarantee Responsibilities by Holding

September 27 2024

Subsidiary released on CNINFO (http://www.cninfo.com.cn/)

1. Guarantees involving holding Notice on the Progress of the Performance of Guarantee Responsibilities by October 30 2024

subsidiaries Holding Subsidiary released on CNINFO (http://www.cninfo.com.cn/)

Notice on the Progress of the Performance of Guarantee Responsibilities by

January 04 2025

Holding Subsidiary released on CNINFO (http://www.cninfo.com.cn/)

Performance Forecast for 2024 released on CNINFO

2. Performance Forecast for 2024 January 18 2025

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

Notice on the Resolutions of the 55th Interim Meeting of the 8th Board of

Directors and Notice on the Resignation of the Company’s Chairman and

February 11 2025

Election of New Directors released on CNINFO

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

Notice on the Resolutions of the 2025 First Extraordinary General Meeting

3. Changes in directors and supervisors of

of Shareholders and Notice on the Resolutions of the 56th Interim Meeting of

the Company February 28 2025

the 8th Board of Directors released on CNINFO

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

Notice on the Retirement and Departure of the Company's Supervisor

March 04 2025

released on CNINFO (http://www.cninfo.com.cn/)

Notice on the Resolutions of the 22nd Interim Meeting of the 8th Board of

June 10 2021 Directors and Notice on Investing in Shanghai Maqu Lab Technology Co.Ltd. released on CNINFO (http://www.cninfo.com.cn/)

Notice on the Resolutions of the 8th Meeting of the 8th Board of Directors

Notice on Issues That Subsidiary Maqu Lab Fails to Meet Performance

April 27 2023 Commitments in 2022 and Verification Report on the Status of Subsidiary

Maqu Lab's Completion of Performance Commitments released on CNINFO

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

Notice on the Progress of Subsidiary Maqu Lab’s Failure to Meet

June 06 2023 Performance Commitments in 2022 released on CNINFO

4. Issues relating to performance (http://www.cninfo.com.cn)

commitments of Maqu Lab Notice on the Resolutions of the 10th Meeting of the 8th Board of Directors

Notice on Issues That Subsidiary Maqu Lab Fails to Meet Performance

March 29 2024 Commitments in 2023 and Verification Report on the Status of Subsidiary

Maqu Lab's Completion of Performance Commitments released on CNINFO

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

Notice on the Progress of Subsidiary Maqu Lab’s Failure to Meet

June 29 2024 Performance Commitments released on CNINFO

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

Notice on the Progress of Subsidiary Maqu Lab’s Failure to Meet

February 20 2025 Performance Commitments and Arbitration released on CNINFO

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

Notice on the Resolutions of the 46th Interim Meeting of the 7th Board of

Directors and Notice on Issues That Nantong SEG Times Plaza Development

January 16 2019 Co. Ltd. a Wholly-owned Subsidiary of the Company Leases SEG Times

Plaza in Whole and Signs the Lease Contract released on CNINFO

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

5. Subsidiary’s performance of lease

contract Notice on the Progress of the Subsidiary’s Performance of Lease Contract

March 15 2025

and Arbitration released on CNINFO (http://www.cninfo.com.cn)

Notice on the Progress of the Subsidiary’s Performance of Lease Contract

March 22 2025

and Arbitration released on CNINFO (http://www.cninfo.com.cn)

7Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

6. Purchase of wealth management products Notice on Purchasing Wealth Management Products with Own Idle Funds

March 28 2025

with own idle funds released on CNINFO (http://www.cninfo.com.cn/)

Notice on the Company's Provision for Impairment of Various Assets for

7. Asset impairment provision for 2024 March 28 2025

2024 released on CNINFO (http://www.cninfo.com.cn/)

Notice on the Plan of Profit Distribution and Conversion of Capital Reserve

8. Profit distribution for 2024 March 28 2025

to Share Capital for 2024 released on CNINFO (http://www.cninfo.com.cn)

IV. Quarterly Financial Statements

(I) Financial statements

1. Consolidated balance sheet

Prepared by: Shenzhen SEG Co. Ltd.March 31 2025

Unit: RMB/yuan

Item Closing balance Opening balance

Current assets:

Monetary funds 859984621.04 1013767043.88

Settlement reserve

Lending funds

Financial assets held for trading 68343456.95 43552021.49

Derivative financial assets

Notes receivable 10063225.51 14225442.18

Accounts receivable 325861107.18 281974498.93

Accounts receivable financing 8469515.89 8469515.89

Prepayments 8515228.21 5960495.88

Premiums receivable

Reinsurance premiums receivable

Reinsurance contract reserves

receivable

Other receivables 54112278.07 54989728.34

Including: Interests receivable

Dividends receivable

Financial assets purchased under

agreements to resell

Inventory 1533692417.04 1522788361.58

Including: Data resources

Contract assets 7473846.07 7518426.99

Assets held for sale

Non-current assets due within one year

Other current assets 85389372.64 78369896.31

Total current assets 2961905068.60 3031615431.47

Non-current assets:

Loans and advances

Debt investments

Other debt investments

Long-term receivables 3749893.19 3997523.71

Long-term equity investments 270514675.94 272998005.36

Investment in other equity instruments 25633082.32 28256608.47

8Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

Other non-current financial assets

Investment properties 857895101.53 870476018.35

Property plant and equipment 398385934.14 350583125.99

Construction in progress 100858559.80 117599812.50

Productive biological assets

Oil & gas assets

Right-of-use assets 171576695.27 178294421.94

Intangible assets 18775833.09 19193980.87

Including: Data resources

Development expenses

Including: Data resources

Goodwill 60371913.01 60371913.01

Long-term deferred expenses 31996539.76 32991691.32

Deferred tax assets 89444356.80 88918608.77

Other non-current assets 10102612.00 10105294.00

Total non-current assets 2039305196.85 2033787004.29

Total assets 5001210265.45 5065402435.76

Current liabilities:

Short-term loans 19102430.56 19402430.56

Borrowings from central bank

Placements from banks and other

financial institutions

Financial liabilities held for trading

Derivative financial liabilities

Notes payable

Accounts payable 400163953.27 415438809.41

Prepayments 121394958.83 153925232.13

Contract liabilities 25548571.99 22689001.74

Financial assets sold under agreements

to repurchase

Deposits from customers and

interbank

Funds from securities trading agency

Funds from securities underwriting

agency

Employee benefits payable 102230519.02 119178581.26

Taxes payable 165344769.64 173731431.35

Other payables 859131713.49 892615970.03

Including: Interests payable

Dividends payable 19532911.55 31116194.15

Service charges and commissions

payable

Reinsurance premiums payable

Liabilities held for sale

Non-current liabilities due within one

106402600.15107704395.40

year

Other current liabilities 11320069.06 7717587.18

Total current liabilities 1810639586.01 1912403439.06

Non-current liabilities:

Insurance contract reserves

Long-term loans 528281227.05 513608232.78

Bonds payable

Including: Preference shares

Perpetual bonds

Lease liabilities 153834192.70 153804099.01

Long-term payables 2139665.99 2155162.19

9Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

Long-term employee benefits payable

Provision

Deferred income 492904.03 506864.02

Deferred tax liabilities 9486003.73 9700211.22

Other non-current liabilities

Total non-current liabilities 694233993.50 679774569.22

Total liabilities 2504873579.51 2592178008.28

Owner's equity:

Share capital 1231200672.00 1231200672.00

Other equity instruments

Including: Preference shares

Perpetual bonds

Capital reserve 165950347.39 165950347.39

Less: Treasury shares

Other comprehensive income -6109164.00 -4338191.39

Special reserves

Surplus reserves 204739896.23 204739896.23

General risk reserves

Retained earnings 432403952.30 409520878.94

Total equity attributable to owners of the

2028185703.922007073603.17

parent company

Equities of minority shareholders 468150982.02 466150824.31

Total owner's equity 2496336685.94 2473224427.48

Total liabilities and owners’ equity 5001210265.45 5065402435.76

Legal representative: Liu Qing Head of accounting work: Xiao Jun Head of accounting institution: Xu Zhongyang

2. Consolidated income statement

Unit: RMB/yuan

Item Amount incurred in the current period Amount incurred in the prior period

I. Total Operating Income 357999755.03 414161145.61

Including: Operating income 357999755.03 414161145.61

Interest income

Insurance premiums earned

Service charge and

commission income

II. Total Operating Cost 308807185.37 364995473.80

Including: Operating cost 265216415.23 322074470.88

Interest expense

Service charge and

commission expense

Surrender value

Net benefit payments

Net insurance liability reserves

Policy dividends

Reinsurance expenses

Taxes and surcharges 6748341.77 7528193.53

Selling expenses 4584599.29 4669051.44

Administrative expenses 22318228.35 19872471.16

R&D expenses 2879595.86 2504435.76

Finance expenses 7060004.87 8346851.03

10Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

Including: Interest fees 5057133.72 6872340.90

Interest income 1711722.41 3164523.80

Plus: Other income 504249.08 781736.07

Return on investment ("-"

-2964301.01-2612244.01

indicates loss)

Including: Return on

investment in associates and joint -2483329.42 -3181725.12

ventures

Income from the

derecognition of financial assets

measured at amortized cost

Exchange gains ("-" indicates

loss)

Gains from net exposure hedging

("-" indicates loss)

Gains from changes in fair value

("-" indicates loss)

Credit impairment losses ("-"

35927.015212.64

indicates loss)

Asset impairment losses ("-"

indicates loss)

Gains from disposal of assets ("-"

indicates loss)

III. Operating Profit ("-" indicates loss) 46768444.74 47340376.51

Plus: Non-operating income 393176.52 321660.10

Less: Non-operating expenses 3761675.38 674019.13

IV. Total Profit ("-" indicates total loss) 43399945.88 46988017.48

Less: Income tax expense 18470020.88 18832704.83

V. Net Profit ("-" indicates net loss) 24929925.00 28155312.65

i. Classified by operation sustainability

1. Net profit from continued

24929925.0028155312.65

operation ("-" indicates net loss)

2. Net profit from discontinued

operation ("-" indicates net loss)

ii. Classified by attribution of

ownership

1. Net profit attributable to owners

22883073.3624867650.31

of the parent company

2. Minority shareholders' profits and

2046851.643287662.34

losses

VI. Net Amount of Other Comprehensive

-1817666.54-1616686.08

Income after Tax

Total other comprehensive after-tax

net income attributable to owners of the -1770972.61 -1621553.34

parent company

i. Other comprehensive income not

-1770972.61-1621553.34

able to be reclassified into profit or loss

1. Changes of remeasurement of

defined benefit plan

2. Other comprehensive income

that cannot be transferred into profit or

loss under equity method

3. Changes in fair value of other

-1770972.61-1621553.34

debt investments

11Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

4. Changes in fair value of credit

risk of the enterprise

5. Others

ii. Other comprehensive income

reclassified into profit or loss

1. Other comprehensive income

to be transferred into profit or loss under

equity method

2. Changes in fair value of other

debt investments

3. Financial assets reclassified

into other comprehensive income

4. Credit loss provision of

investment in other debt investments

5. Reserve of cash flow hedge

6. Converted difference in foreign

currency financial statements

7. Others

Total other comprehensive after-tax

net income attributable to minority -46693.93 4867.26

shareholders

VII. Total Comprehensive Income 23112258.46 26538626.57

Total comprehensive income

attributable to owners of the parent 21112100.75 23246096.97

company

Total comprehensive income

2000157.713292529.60

attributable to minority shareholders

VIII. Earnings per Share:

i. Basic earnings per share 0.0186 0.0202

ii. Diluted earnings per share 0.0186 0.0202

For business combinations of the current period under common control the net profit realized by the combined party before the

combination was RMB0.00; the net profit realized by the combined party in last period was RMB0.00.Legal representative: Liu Qing Head of accounting work: Xiao Jun Head of accounting institution: Xu Zhongyang

3. Consolidated cash flow statement

Unit: RMB/yuan

Item Amount incurred in the current period Amount incurred in the prior period

I. Cash Flows from Operating Activities:

Cash received from sale of goods or

326315790.89379184967.53

rendering of services

Net increase in deposits from

customers banks and non-bank financial

institutions

Net increase in borrowings from

central bank

Net increase in placements from other

financial institutions

Cash received from premiums of

direct insurance contracts

Net cash from reinsurance business

Net increase in policyholder deposits

and investment funds

Cash received from interests service

charges and commissions

12Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

Net increase in placements from banks

and other financial institutions

Net increase in repo service fund

Net cash from agent securities trading

Tax rebates 2062.99 2052.39

Cash received related to other

52855143.1156162278.82

operating activities

Subtotal of cash inflow from operating

379172996.99435349298.74

activities

Cash paid for goods purchased and

110239530.31143329179.74

services rendered

Net loans and advances to customers

Net increase in deposits with the

central bank banks and non-bank

financial institutions

Cash paid for claims of direct

insurance contracts

Net increase in placements with banks

and non-bank financial institutions

Cash paid for interests fees and

commissions

Cash paid for policy dividends

Cash paid to and on behalf of

170794531.80180551266.58

employees

Tax payments 47627856.97 47743436.34

Cash paid related to other operating

85344539.83105986537.43

activities

Subtotal of cash outflow from operating

414006458.91477610420.09

activities

Net cash flows from operating activities -34833461.92 -42261121.35

II. Cash Flows from Investing Activities:

Cash received from recovery of

26508564.54118095821.93

investment

Cash received from return on

358884.583869481.11

investments

Net cash received from the disposal of

property plant and equipment intangible 713.90 170.00

assets and other long-lived assets

Net cash received from the disposal of

subsidiaries and other business entities

Cash received related to other

investing activities

Subtotal of cash inflow from investing

26868163.02121965473.04

activities

Cash paid for the acquisition and

construction of property plant and

61286509.1611198521.08

equipment intangible assets and other

long-lived assets

Cash paid for investments 51300000.00 141000000.00

Net increase in pledged loans

Net cash paid for acquisition of

subsidiaries and other business entities

Cash paid related to other investing

activities

13Shenzhen SEG Co. Ltd. First Quarterly Report for 2025

Subtotal of cash outflow from investing

112586509.16152198521.08

activities

Net cash flows from investing activities -85718346.14 -30233048.04

III. Cash Flows from Financing

Activities:

Cash received from capital

contribution

Including: Proceeds received by

subsidiaries from minority shareholders'

investment

Cash received from borrowings 27373082.08 18824000.00

Cash received related to other

financing activities

Subtotal of cash inflow from financing

27373082.0818824000.00

activities

Cash paid for repayments of

10474663.0414221872.76

borrowings

Cash paid for interest expenses and

16574184.9412028335.28

distribution of dividends or profits

Including: Dividend and profit paid

11583282.601359064.00

by subsidiaries to minority shareholders

Cash paid related to other financing

9733183.596393943.00

activities

Subtotal of cash outflow from financing

36782031.5732644151.04

activities

Net cash flows from financing activities -9408949.49 -13820151.04

IV. Effect of Exchange Rate Changes on

Cash and Cash Equivalents

V. Net Increase in Cash and Cash

-129960757.55-86314320.43

Equivalents

Plus: Opening balance of cash and

1003980642.551135679354.12

cash equivalents

VI. Closing Balance of Cash and Cash

874019885.001049365033.69

Equivalents

(II) Description on the adjustment of relevant items in the financial statements at the

beginning of the year for the first time adoption of the new accounting standards since

2025

□ Applicable □Not applicable

(III) Report auditing

Whether the First Quarterly Report has been audited

□ Yes □No

The First Quarterly Report of the Company has not been audited.Board of Directors of Shenzhen SEG Co. Ltd.April 26 2025

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