CSG HOLDING CO., LTD.
THE FIRST QUARTER REPORT 2015
Chairman of the Board:
ZENG NAN
April 2015
CSG HOLDING CO., LTD. The First Quarter Report 2015
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 principal of the financial
department Mr. Zhang Guoming hereby confirm the truthfulness and completeness of the Financial Report in the
First Quarter Report of 2015.
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 2015
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 2015 The 1st quarter of 2014 Percentage of change (%)
Operating income (RMB) 1,539,206,800 1,482,894,670 3.80%
Net profit attributable to shareholders of the
82,201,310 123,051,443 -33.20%
listed company(RMB)
Net profit attributable to shareholders of the
listed company after deducting non-recurring 29,979,957 108,589,698 -72.39%
gains and losses(RMB)
Net cash flow arising from operating
37,738,405 90,191,987 -58.16%
activities(RMB)
Basic earnings per share (RMB/Share) 0.0396 0.0593 -33.22%
Diluted earnings per share (RMB/Share) 0.0396 0.0593 -33.22%
The weighted average return on net assets (%) 0.98% 1.52% -0.54%
31 March 2015 31 December 2014 Percentage of change (%)
Total assets (RMB) 15,361,037,178 15,116,808,305 1.62%
Net assets attributable to shareholder of listed
8,490,615,365 8,348,561,765 1.70%
company(RMB)
Items and amounts of extraordinary profit (gains)/loss
√Applicable □ Not applicable
Unit: RMB
Amount from beginning of the year
Item Note
to the end of the report period
Gains/losses from the disposal of non-current asset (including the write-off that
2,847,302
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 are 14,999,805
closely relevant to enterprise’s business)
Gains on disposal of available-for-sale financial assets, gains and losses from
change of fair values of held-for-transaction financial assets and financial
liabilities except for the effective hedge business related to normal business of the 37,582,746
Company, and investment income from disposal of transactional financial assets
and liabilities and financial assets available for sale
CSG HOLDING CO., LTD. The First Quarter Report 2015
Other non-operating income and expenditure except for the aforementioned items 1,111,480
Less: Impact on income tax 3,074,613
Impact on minority shareholders’ equity (post-tax) 1,245,367
Total 52,221,353 --
Explain reasons for 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
□Applicable √Not applicable
It does not exist that 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.
II. Total of shareholders at the end of the report period and particulars about the shares held
by the top ten shareholders
1. 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 173,146
Particulars about shares held by the top ten shareholders
Amount of Number of share
Proportion
Amount of restricted pledged/frozen
Name of shareholder Nature of shareholder of shares
shares held shares Amoun
held (%) Share status
held t
Foresea Life Insurance Co., Ltd- Universal Domestic non state-owned
3.92% 81,405,744
Insurance products legal person
China Northern Industries Corporation State-owned legal person 3.62% 75,167,934
Xin Tong Chan Industrial Development Domestic non state-owned
2.62% 54,459,899
(Shenzhen) Co., Ltd. legal person
Shenzhen International Holdings Domestic non state-owned
2.34% 48,605,713
(Shenzhen) Co., Ltd. legal person
China Merchants Securities (HK) Co., Ltd. State-owned legal person 1.21% 25,209,137
CITIC Securities Company Limited State-owned legal person 1.03% 21,450,727
BBH A/C VANGUARD EMERGING
Foreign legal person 0.74% 15,311,292
MARKETS STOCK INDEX FUND
GUOTAIJUNAN
Foreign legal person 0.69% 14,231,158
SECURITIES(HONGKONG) LIMITED
Hua Xia Bank Co., Ltd. – Huashang Dapan Domestic non state-owned 0.44% 9,176,898
CSG HOLDING CO., LTD. The First Quarter Report 2015
quantize selected Flexibly Configured Mix legal person
Securities Investment Fund
GIC PRIVATE LIMITED Foreign legal person 0.40% 8,329,614
Particular about top ten shareholders with un-restrict shares held
Amount of Type of shares
Shareholders’ name un-restrict shares
Type Amount
held at Period-end
Foresea Life Insurance Co., Ltd- Universal Insurance products 81,405,744 RMB ordinary shares 81,405,744
China Northern Industries Corporation 75,167,934 RMB ordinary shares 75,167,934
Xin Tong Chan Industrial Development (Shenzhen) Co., Ltd. 54,459,899 RMB ordinary shares 54,459,899
Shenzhen International Holdings (Shenzhen) Co., Ltd. 48,605,713 RMB ordinary shares 48,605,713
Domestically listed
China Merchants Securities (HK) Co., Ltd. 25,209,137 25,209,137
foreign shares
CITIC Securities Company Limited 21,450,727 RMB ordinary shares 21,450,727
BBH A/C VANGUARD EMERGING MARKETS STOCK INDEX Domestically listed
15,311,292 15,311,292
FUND foreign shares
Domestically listed
GUOTAIJUNAN SECURITIES(HONGKONG) LIMITED 14,231,158 14,231,158
foreign shares
Hua Xia Bank Co., Ltd. – Huashang Dapan quantize selected
9,176,898 RMB ordinary shares 9,176,898
Flexibly Configured Mix Securities Investment Fund
Domestically listed
GIC PRIVATE LIMITED 8,329,614 8,329,614
foreign shares
Among shareholders as listed above, Shenzhen International Holdings (Shenzhen)
Co., Ltd. and Xin Tong Chan Development (Shenzhen) Co., Ltd. are holding
Statement on associated relationship or
enterprises and belong to controlling enterprise of Shenzhen International Holdings
consistent action among the above
Co., Ltd. Except for this, It is unknown whether other shareholders belong to related
shareholders:
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 about top ten common
N/A
shareholders with un-restrict shares held(if
applicable)
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreement
dealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-back
agreement dealing in reporting period.
CSG HOLDING CO., LTD. The First Quarter Report 2015
Section III Important Events
I. Particulars and explanations about significant changes in main accounting statement and
financial indexes
√Applicable □ Not applicable
Unit: RMB’0,000
Note 31 March 2015 31 December 2014 Amount of change Percentage of change
Account receivable (1) 49,063 31,827 17,236 54%
Inventory (2) 52,607 39,065 13,542 35%
Development expenditure (3) 2,453 1,768 685 39%
Note payable (4) 2,050 350 1,700 486%
Wages payable (5) 8,282 15,904 -7,622 -48%
Note Jan.-Mar.2015 Jan.-Mar.2014 Amount of change Percentage of change
Investment earnings (6) 1,673 638 1,035 162%
Income tax expenses (7) 127 3,549 -3,422 -96%
Net profit (8) 8,981 13,319 -4,338 -33%
Other comprehensive income (9) 5,953 1,035 4,918 475%
Note:
(1) Account receivable increased mainly because business of architectural glass was impacted by centralized delivery of products
after the spring festival while payback period of which was not matured.
(2) Inventory increased mainly because inventory of the flat glass increased for Macro Economy continued depression.
(3)The increase of development expenditure was mainly due to the increase of investment for R&D in the Year.
(4)Note payable increased mainly because notes newly issued increased slightly in the report period and the balance was lower in
previous period.
(5) Wages payable decreased mainly because the year-end bonus for employees which accrued at end of last year was paid in the
report period.
(6) Investment earnings increased mainly because the earnings from sales of the financial assets available for sale increased in the
report period.
(7) Income tax expenses decreased mainly because profit declined in the report period and some subsidiaries of the Company applied
to a preferential income tax rate for receiving the qualification certificate of High and New-Tech Enterprise in the Year.
(8) The decrease of net profit was mainly due to the impact of continued depression in economy and decline of product prices.
(9) Other comprehensive income increased mainly because fair value of the Group’s financial assets available for sale changed in the
report period.
CSG HOLDING CO., LTD. The First Quarter Report 2015
II. The progress of material events and the analysis of the solutions
√Applicable □ Not applicable
1. Plan of domestically listed foreign shares converting listing location to list and trade on the Main Board of Stock Exchange of
Hong Kong by Means of Introduction
The proposal of domestically listed foreign shares converting listing location to list and trade on the Main Board of Stock Exchange
of Hong Kong by Means of Introduction was deliberated and approved by the interim meeting of the 7th session of the Board of the
Company on 22 April 2015.
The Board agreed B-share converting listing location to list and trade on the Main Board of Stock Exchange of Hong Kong by Means
of Introduction.
The implement for the above items shall need deliberation and approval from the 2nd meeting of the Board, approval by shareholders’
meeting, verification, confirmation or approved by regulators,Stock Exchange of Hong Kong and China Securities Regulatory
Commission, and approvals from other government departments and authorities (if necessary).
2. Plan of non-public offering of A-share
Proposals of non-public offering of A-share to specific investors etc. were deliberated and approved by the interim meeting of the 7th
session of the Board on 22 April 2015.
The Company plans to exercise equity financing by means of non-public offering of A-share. The total amount of non-public offering
of A-share was 179,977,502 shares, 67,491,563 shares of which was specifically issued to China Northern Industries Corporation,
and 112,485,939 shares of which was specifically issued to Foresea Life Insurance Co., Ltd.
The A shares subscribed by China Northern Industries Corporation and Foresea Life Insurance Co., Ltd. in this plan are not allowed
to be transferred within 36 months from the listing date.
Pricing benchmark is the announcement day of board resolution for this issue. The offering price is RMB 8.89/share, no less than 90%
of the average trading price of 20 trading days before pricing benchmark. Offering price shall be adjusted if issues such as dividends,
bonus shares, capital reserve and other ex dividend issues occurred before offering.
The total amount of raised funds of non-public offering of A-share is no more than RMB1.6 billion, and the net capital will be used
for the following investment projects after issuance costs deduced:
