CSG HOLDING CO., LTD.
THE FIRST QUARTER REPORT 2014
Chairman of the Board:
ZENG NAN
April 2014
CSG HOLDING CO., LTD. The First Quarter Report 2014
I. Important Notice
Board of Directors and the Supervisory Committee of CSG Holding Co., Ltd. (hereinafter referred to as the
Company) and its directors, supervisors and senior executives hereby confirm that there are no any fictitious
statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities
jointly and severally, for the truthfulness, accuracy and completeness of the whole contents.
All directors are present the meeting of the Board for deliberating the First Quarter Report of the Company in
person.
Chairman of the Board of the Company Mr. Zeng Nan, CFO Mr. Luo Youming and principle of the financial
department Mr. Zhang Guoming hereby confirm the truthfulness and completeness of the Financial Report in the
First Quarter Report of 2014.
This report is prepared both in Chinese and English. Should there be any inconsistency between the Chinese and
English versions, the Chinese version shall prevail.
CSG HOLDING CO., LTD. The First Quarter Report 2014
Section II Main accounting data and Changes in Shareholders
I. Main accounting data and indices
Whether retrospective adjustment has been carried out on financial reports of previous periods or not
□Yes √ No
The 1st quarter of 2014 The 1st quarter of 2013 Percentage of change (%)
Operating income (RMB) 1,482,894,670 1,456,792,882 1.79%
Net profit attributable to shareholders of
123,051,443 107,660,977 14.3%
the listed company(RMB)
Net profit attributable to shareholders of
the listed company after deducting 108,589,698 90,472,570 20.02%
non-recurring gains and losses(RMB)
Net cash flow arising from operating
90,191,987 289,618,073 -68.86%
activities(RMB)
Basic earnings per share (RMB/Share) 0.0593 0.0519 14.26%
Diluted earnings per share (RMB/Share) 0.0593 0.0519 14.26%
The weighted average return on net assets
1.5% 1.57% -0.07%
(%)
31 March 2014 31 December 2013 Percentage of change (%)
Total assets (RMB) 15,285,641,383 15,078,866,777 1.37%
Net assets attributable to shareholder of
8,179,819,319 8,047,894,139 1.64%
listed company(RMB)
Items and amounts of extraordinary profit (gains)/loss
√Applicable □ Not applicable
Unit: RMB
Amount from beginning of the year to
Item Note
the end of the report period
Gains/losses from the disposal of non-current asset (including the write-off
-828,851
that accrued for impairment of assets)
Governmental subsidy reckoned into current gains/losses (not including the
subsidy enjoyed in quota or ration according to national standards, which 20,724,698
are closely relevant to enterprise’s business)
Other non-operating income and expenditure except for the aforementioned
3,679,852
items
Other gain/loss items satisfying the definition of nonrecurring gain/loss
-2,351,667
account
CSG HOLDING CO., LTD. The First Quarter Report 2014
Less: Impact on income tax 4,594,833
Amount of minority shareholders’ equity (post-tax) 2,167,454
Total 14,461,745 --
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their
Securities to the Public --- Extraordinary Profit/loss, explain reasons.
□Applicable √Not applicable
II. Total of shareholders at the end of the report period and particulars about the shares held by the top ten
shareholders
Unit: Share
Total of shareholders at the end of the report period 220,901
Particulars about shares held by the top ten shareholders
Proportion Amount of Number of share
Nature of Amount of
Name of shareholder of shares restricted pledged/frozen
shareholder shares held
held (%) shares held Share status Amount
State-owned
China Northern Industries Corporation 3.62% 75,167,934
legal person
Domestic non
Xin Tong Chan Industrial Development (Shenzhen)
state-owned 2.99% 62,052,845
Co., Ltd.
legal person
Domestic non
Shenzhen International Holdings (Shenzhen) Co.,
state-owned 2.88% 59,778,813
Ltd.
legal person
Domestic non
ICBC-Lion Stock Securities Investment Funds state-owned 0.87% 18,000,000
legal person
BBH A/C VANGUARD EMERGING MARKETS Overseas legal
0.71% 14,751,764
STOCK INDEX FUND person
Domestic non
CMBC—Yinhua Shenzhen Stock 100 Index
state-owned 0.63% 13,101,411
Grading Securities Investment Fund
legal person
Domestic non
China Resources SZITIC Trust Co., Ltd. – Runjin
state-owned 0.56% 11,623,300
No.71 Collective Fund Trust Plan
legal person
GUOTAI JUNAN SECURITIES(HONGKONG) Overseas legal
0.48% 10,045,233
LIMITED person
ICBC- Rongtong Shenzhen Stock 100 Index Domestic non 0.48% 10,013,158
CSG HOLDING CO., LTD. The First Quarter Report 2014
Securities Investment Funds state-owned
legal person
Domestic non
BOC- E-fund Shenzhen Stock 100 ETF state-owned 0.45% 9,352,862
legal person
Particulars about shares held by the top ten unrestricted shareholders
Amount of Share type and amount
Name of shareholder unrestricted shares
Share type Amount
held
China Northern Industries Corporation 75,167,934 A-share 75,167,934
Xin Tong Chan Industrial Development (Shenzhen) Co., Ltd. 62,052,845 A-share 62,052,845
Shenzhen International Holdings (Shenzhen) Co., Ltd. 59,778,813 A-share 59,778,813
ICBC-Lion Stock Securities Investment Funds 18,000,000 A-share 18,000,000
BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX
14,751,764 B-share 14,751,764
FUND
CMBC—Yinhua Shenzhen Stock 100 Index Grading Securities
13,101,411 A -share 13,101,411
Investment Fund
China Resources SZITIC Trust Co., Ltd. – Runjin No.71 Collective
11,623,300 A-share 11,623,300
Fund Trust Plan
GUOTAI JUNAN SECURITIES(HONGKONG) LIMITED 10,045,233 B-share 10,045,233
ICBC- Rongtong Shenzhen Stock 100 Index Securities Investment
10,013,158 A-share 10,013,158
Funds
BOC- E-fund Shenzhen Stock 100 ETF 9,352,862 A -share 9,352,862
Among shareholders as listed above, Shenzhen
International Holdings (Shenzhen) Co., Ltd. and Xin Tong
Chan Development (Shenzhen) Co., Ltd. are holding
enterprises and belong to controlling enterprise of
Statement on associated relationship or consistent action among the
Shenzhen International Holdings Co., Ltd. Except for this,
above shareholders:
It is unknown whether other shareholders belong to related
party or have associated relationship regulated by the
Management Regulation of Information Disclosure on
Change of Shareholding for Listed Companies.
Explanation on shareholders involving margin business (if applicable) N/A
Whether has a buy-back agreement dealing in reporting period
□Yes √ No
CSG HOLDING CO., LTD. The First Quarter Report 2014
Section III Important Events
I. Particulars and explanations about significant changes in main accounting statement and
financial indexes
Unit: RMB’0,000
Note 31 March 2014 31 December 2013 Amount of change Percentage of change
Notes receivable (1) 16,693 32,389 (15,696) (48%)
Accounts receivable (2) 27,010 13,643 13,367 98%
Other receivables (3) 2,354 10,937 (8,583) (78%)
Inventory (4) 53,346 37,868 15,478 41%
Remuneration payable (5) 7,867 16,638 (8,771) (53%)
Note Jan.-Mar.2014 Jan.-Mar.2013 Amount of change Percentage of change
Business tax and surcharges (6) 749 1,090 (341) (31%)
Asset impairment loss (7) 274 (75) 349 (465%)
Non-business expenditure (8) 145 711 (566) (80%)
Income tax expenses (9) 3,549 4,480 (931) (21%)
Other comprehensive (10) 1,035 (846) 1,881 (222%)
income
Note:
(1) Notes receivable decreased mainly because bill payment for goods increased in the report period.
(2) Accounts receivable increased mainly because there was more payment collection at the end of last year while the payment
collection in the period was normal.
(3) Other receivables decreased mainly because the insurance indemnity caused by the fire accident of Dongguan CSG PV tech Co.,
Ltd. was received in the report period.
(4) Inventory increased mainly because raw materials and finished goods stocked up for subsequent orders increased in part of
subsidiaries of the Company
(5) Remuneration payable decreased mainly because provision of employee year-end bonus at the end of last year had been paid in
the report period.
(6) Business tax and surcharges decreased mainly because urban maintenance & construction tax and the education surtax declined
due to the decrease of VAT paid in the report period.
(7) Asset impairment loss increased mainly because in the report period the increase amount of accounts receivable was greater than
that of the same time of last year and general provision for bad debt in the report period increased over that of the same period of last
year.
(8) Non-business expenditure decreased mainly because the subsidiary of the Company, Shenzhen Float paid an amount of RMB 7
million related to land at the same period of last year and there was no large non-business expenditure in the report period.
(9) Income tax expenses decreased mainly because the profit of the subsidiary that enjoyed the preferential income tax increased over
the same period of last year, and thus the comprehensive income tax rates decreased over the same period of last year.
CSG HOLDING CO., LTD. The First Quarter Report 2014
(10) Other comprehensive income increased mainly because the fair value of financial assets available for sale of the Company
increased in the report period.
II. The progress of material events and the analysis of the solutions
1. Assets for sale
Being deliberated and approved in interim meeting of 6th session of the Board on 27 September 2013, the Company transferred
100% equity of its wholly-owned subsidiary, Shenzhen CSG Float Glass Co., Ltd., to Golden Times Investment Consultant (SZ) Co.,
Ltd. with consideration of RMB 918 million. Meanwhile, Golden Times promised to pay the debt obligation of RMB 330 million to
Shenzhen Float. Approximately investment earnings of RMB 290 million are expected to generate through the transfer, and the
equity transfer will bring a positive impact on perfecting resource allocation, improving assets quality and enhancing core
competitiveness of the Company.
Details of the transfer can be found in “Sales of Assets Notice” released in the China Securities Journal, Securities Times, Hong
Kong Commercial Daily and Juchao Website (www.cninfo.com.cn) on 28 September 2013.
2. Short-term Financing Bonds
On 6 August 2012, the First Extraordinary Shareholders’ General Meeting 2012 of CSG Holding Co., Ltd deliberated and approved
the proposal of short-term financing bills offering with application of short-term financing bill within RMB 2.2 billion limit. On 11
January 2013, National Association of Financial market Institutional Investors held its 1st registration meeting of 2013, in which
NAFMII decided to accept the Company’s short-term financing bills registration, amounting to RMB 1.1 billion, valid until January
25, 2015. China Merchants Bank Co., Ltd, and Shanghai Pudong Development Bank Co., Ltd were joint lead underwriters of these
short-term financing bills, which could be issued by stages within the validity period of registration. On 7 March 2013, the Company
issued short-term financing bills with a total amount of RMB 1.1 billion and deadline of one year, and cashed completed on 6 March
2014.
On 23 April 2013, annual shareholders’ general meeting 2012 of CSG considered and passed the proposal of publishing short-term
financing bills, agreed the Company’s application for publishing short-term financing bills with amount not over the 40% of the
Company’s net assets in total (the issued short-term financing bonds included). On 20 December 2013, National Association of
Financial market Institutional Investo
