CSGHOLDINGCO.,LTD.
SEMI-ANNUALREPORT2023
ChairmanoftheBoard:
CHENLIN
August2023
SectionI.ImportantNotice,ContentandParaphrase
BoardofDirectorsandtheSupervisoryCommitteeofCSGHoldingCo.,Ltd.(hereinafterreferredtoastheCompany)anditsdirectors,supervisorsandseniorexecutivesherebyconfirmthattherearenoanyfictitiousstatements,misleadingstatements,orimportantomissionscarriedinthisreport,andshalltakeallresponsibilities,individualand/orjoint,forthefacticity,accuracyandcompletenessofthewholecontents.Ms.ChenLin,personinchargeoftheCompany,Ms.WangWenxin,responsiblepersoninchargeofaccountingandMs.WangWenxin,principalofthefinancialdepartment(accountingofficer)confirmthattheFinancialReportenclosedinthesemi-annualreportoftheCompanyistrue,accurateandcomplete.AlldirectorswerepresentatthemeetingoftheBoardfordeliberatingthesemi-annualreportoftheCompanyinperson.Thefutureplans,developmentstrategiesandotherforward-lookingstatementsmentionedinthisreportdonotconstituteamaterialcommitmentoftheCompanytoinvestors.Investorsandrelevantpartiesshouldpayattentiontoinvestmentrisks,andunderstandthedifferencesbetweenplans,forecastsandcommitments.TheCompanyhasdescribedtheriskfactorsandcountermeasuresoftheCompany'sfuturedevelopmentindetailinthisreport.PleaserefertoSectionIII.ManagementDiscussionandAnalysis.TheCompanyisrequiredtocomplywiththedisclosurerequirementsof"NonmetallicBuildingMaterialsRelatedBusiness"inthe"SelfregulatoryGuidelinesforListedCompaniesontheShenzhenStockExchangeNo.3-IndustryInformationDisclosure(Revisedin2023)".TheCompanyhasnoplansofcashdividenddistribution,bonussharesbeingsentorconvertingcapitalreserveintosharecapital.ThisreportispreparedbothinChineseandEnglish.ShouldtherebeanyinconsistencybetweentheChineseandEnglishversions,theChineseversionshallprevail.
Content
SectionI.ImportantNotice,ContentandParaphrase.........................................................................1
SectionII.CompanyProfile&FinancialHighlights..........................................................................5
SectionIII.ManagementDiscussionandAnalysis.............................................................................8
SectionIV.CorporateGovernance......................................................................................................28
SectionV.EnvironmentandSocialResponsibility.............................................................................30
SectionVI.ImportantEvents..............................................................................................................37
SectionVII.ChangesinSharesandParticularsaboutShareholders..................................................54
SectionVIII.PreferredShares............................................................................................................59
SectionIX.Bonds...............................................................................................................................59
SectionX.FinancialReport................................................................................................................60
DocumentsavailableforReference
I.TextofthefinancialreportcarryingthesignaturesandsealsofthepersoninchargeoftheCompany,theresponsiblepersoninchargeofaccountingandtheprincipalofthefinancialdepartment(accountingofficer).II.AlltextsoftheCompany’sdocumentsandoriginalpublicnoticesdisclosedinthepapersappointedbyCSRCinthereportperiod.
Paraphrase
| Item | Refersto | Content |
| Company,theCompany,CSGGrouportheGroup | Refersto | CSGHoldingCo.,Ltd. |
| ForeseaLife | Refersto | ForeseaLifeInsuranceCo.,Ltd. |
| Flatglass | Refersto | Includingfloatglass,photovoltaicglass |
| Ultra-thinelectronicglass | Refersto | Theelectronicglasswiththicknessbetween0.1~1.1mm |
| AGglass | Refersto | Anti-glareglass |
| AFglass | Refersto | Anti-fingerprintglass |
| ARglass | Refersto | Anti-reflectionglass |
| IceKirin | Refersto | CSG’sbrandformulti-silverhigh-performanceenergy-savingglass |
| BIPV | Refersto | BuildingIntegratedPhotovoltaic |
SectionII.CompanyProfile&FinancialHighlights
I.CompanyProfile
| Shortformofthestock | SouthernGlassA、SouthernGlassB | Stockcode | 000012、200012 |
| Listingstockexchange | ShenzhenStockExchange | ||
| LegalChinesenameoftheCompany | 中国南玻集团股份有限公司 | ||
| Abbr.oflegalChinesenameoftheCompany | 南玻集团 | ||
| LegalEnglishnameoftheCompany | CSGHoldingCo.,Ltd. | ||
| Abbr.oflegalEnglishnameoftheCompany | CSG | ||
| LegalRepresentative | ChenLin | ||
II.Person/Waytocontact
| SecretaryoftheBoard | Representativeofsecuritiesaffairs | |
| Name | ChenChunyan | XuLei |
| Contactaddress | CSGBuilding,No.1ofthe6thIndustrialRoad,Shekou,Shenzhen,P.R.C. | CSGBuilding,No.1ofthe6thIndustrialRoad,Shekou,Shenzhen,P.R.C. |
| Tel. | (86)755-26860666 | (86)755-26860666 |
| Fax. | (86)755-26860685 | (86)755-26860685 |
| securities@csgholding.com | securities@csgholding.com |
III.Otherinformation
1.WayofcontactWhetherregisteredaddress,officeaddressandtheirpostalcodes,websiteaddressandemailaddressoftheCompanychangedinthereportperiodornot
□Applicable√NotapplicableTheregisteredaddress,officeaddressandtheirpostalcodes,websiteaddressandemailaddressoftheCompanydidnotchangeinthereportperiod.MoredetailscanbefoundinAnnualReport2022.
2.Informationdisclosureandpreparationplace
Whetherinformationdisclosureandpreparationplacechangedinthereportperiodornot
□Applicable√NotapplicableThenewspapersdesignatedbytheCompanyforinformationdisclosure,thewebsitedesignatedbyCSRCfordisclosingsemi-annualreportandpreparationplaceofsemi-annualreportdidnotchangeinthereportperiod.MoredetailscanbefoundinAnnualReport2022.
3.Otherrelevantinformation
Whetherotherrelevantinformationchangedinthereportperiodornot
□Applicable√Notapplicable
IV.MainaccountingdataandfinancialindexesWhetherithasretroactiveadjustmentorre-statementonpreviousaccountingdata
□Yes√No
| Thereportperiod(Jan.toJun.2023) | Thesameperiodoflastyear | Increase/decreaseyear-on-year | |
| Operatingincome(RMB) | 8,389,340,245 | 6,519,216,676 | 28.69% |
| Netprofitattributabletoshareholdersofthelistedcompany(RMB) | 889,478,780 | 1,001,174,398 | -11.16% |
| Netprofitattributabletoshareholdersofthelistedcompanyafterdeductingnon-recurringgainsandlosses(RMB) | 838,238,768 | 887,594,820 | -5.56% |
| Netcashflowarisingfromoperatingactivities(RMB) | 518,427,185 | 902,803,121 | -42.58% |
| Basicearningspershare(RMB/Share) | 0.29 | 0.33 | -12.12% |
| Dilutedearningspershare(RMB/Share) | 0.29 | 0.33 | -12.12% |
| WeightedaverageROE | 6.69% | 8.61% | -1.92% |
| Endofthisperiod | Endoflastyear | Increase/decreaseinthisperiod-endoverthatoflastyear-end | |
| Totalassets(RMB) | 27,266,235,266 | 25,904,013,306 | 5.26% |
| Netassetsattributabletoshareholdersofthelistedcompany(RMB) | 13,753,871,984 | 12,854,883,706 | 6.99% |
V.Differenceofaccountingdataunderdomesticandoverseasaccountingstandards
1.DifferencesofthenetprofitandnetassetsdisclosedinfinancialreportpreparedunderinternationalandChineseaccountingstandards
□Applicable√NotapplicableNosuchdifferencesinthereportperiod.
2.DifferenceofthenetprofitandnetassetsdisclosedinfinancialreportpreparedunderoverseasandChineseaccountingstandards
□Applicable√NotapplicableNosuchdifferencesinthereportperiod.VI.Itemsandamountsofnon-recurringgainsandlosses
√Applicable□Notapplicable
Unit:RMB
| Item | Amount | Note |
| Gains/lossesfromthedisposalofnon-currentasset(includingthewrite-offthataccruedforimpairmentofassets) | 53,451 |
| Governmentalsubsidyreckonedintocurrentgains/losses(notincludingthesubsidyenjoyedinquotaorrationaccordingtonationalstandards,whicharecloselyrelevanttoenterprise’sbusiness) | 48,576,899 |
| Inadditiontotheeffectivehedgingbusinessrelatedtothenormalbusinessofthecompany,theprofitandlossfromchangesinfairvaluearisingfromholdingtradingfinancialassetsandtradingfinancialliabilities,aswellastheinvestmentincomeobtainedfromthedisposaloftradingfinancialassets,tradingfinancialliabilitiesandavailableforsalefinancialassets | 1,534,181 |
| Reversalofprovisionforimpairmentofreceivablesthathavebeenindividuallytestedforimpairment | 2,698,913 |
| Othernon-operatingincomeandexpenditureexceptfortheaforementioneditems | 8,503,373 |
| Less:Impactonincometax | 8,958,077 |
| Impactonminorityshareholders’equity(post-tax) | 1,168,728 |
| Total | 51,240,012 |
Particularsaboutothergainsandlossesthatmeetthedefinitionofnon-recurringgainsandlosses:
□Applicable√NotapplicableItdidnotexistthatotherprofitandlossitemsmetthedefinitionofnon-recurringgainsandlosses.Explanationofthenon-recurringgainsandlosseslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingtheirSecuritiestothePublic-Non-recurringGainsandLossesasrecurringgainsandlosses
□Applicable√NotapplicableItdidnotexistthatnon-recurringprofitandlossitemslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureofCompaniesOfferingSecuritiestothePublic-Non-recurringProfitandLossweredefinedasrecurringprofitandlossitemsinthereportperiod.
SectionIII.ManagementDiscussionandAnalysisI.MainbusinessoftheCompanyduringthereportperiod(I)MainbusinessoftheCompany
CSGisaleadingdomesticbrandofenergy-savingglassandarenownedbrandofsolarPVproductsanddisplaydevices.Itsproductsandtechnologiesarewell-knownathomeandabroad.ItsmainbusinessincludesR&D,manufacturingandsalesofhigh-qualityphotovoltaicglass,architecturalglass,floatglass,newmaterialsandinformationdisplayproductssuchasultra-thinelectronicglassanddisplaydevices,aswellasrenewableenergyproductssuchassiliconmaterials,photovoltaiccellsandmodules,anditprovidesone-stopservicesforphotovoltaicpowerstationprojectdevelopment,construction,operationandmaintenance,etc.PhotovoltaicglassbusinessInthefieldofphotovoltaicglass,CSGhastakentheleadinenteringthefieldofphotovoltaicglassmanufacturinginChinasince2005.Basedonindependentresearchanddevelopment,theCompanyhasformedafullclosed-loopproductioncapacityfromphotovoltaicglassoriginalsheetproductiontodeepprocessing.AsatJune2023,theCompanyhassevenphotovoltaicrolledglasskilnsandcomplementaryphotovoltaicglassdeepprocessingproductionlinesinDongguan,Wujiang,FengyangandXianning,withanannualoutputofabout2.72milliontonsofphotovoltaicrolledglassoriginalsheets,anditsproductscoverdeep-processingproductswithavarietyofthicknessesof1.6-4mm.TheaccumulationofmorethantenyearsofphotovoltaicglassproductionexperiencehasenabledCSGtoaccumulateasolidfoundationinkeyequipmentandtechnologiessuchaskilns,calendering,anddeepprocessing.TheseaccumulatedtechnologiesandexperiencehavebeenreleasedinthisroundoftheCompany’sphotovoltaicglassproductioncapacityenhancement.TheCompanyisfirmlyoptimisticaboutthelong-termdevelopmentofthephotovoltaicnewenergyindustry,seizesthegoldenopportunityofindustrialdevelopment,aimsatthefirstechelonoftheindustry,andmakesupfortheshortcomingsoftheGroup’sphotovoltaicglassbusinessproductioncapacityandlarge-scalelayout.ItsFengyangNo.4kilnhasbeensuccessfullyignitedinMay2023;anditisbuilding,inanorderlymannerasplanned,twophotovoltaicglassproductionkilnsandcomplementaryprocessinglinesinBeihai,eachwithadailymeltingcapacityof1,200tons.AsatJune2023,theproductioncapacityscaleoftheCompanyhadsuccessfullyrankedamongthetopintheindustry.Underthebackgroundofcarbonpeakingandcarbonneutrality,thephotovoltaicglassbusinesswillbecomethenewchampionbusinessofCSG.Drivenbythedecreasingcostofphotovoltaicpowergenerationandtherecoveryofgreeneconomyacrosstheworld,amongothers,theglobalnewinstalledphotovoltaiccapacitywillcontinuetogrowrapidly.However,thefastramp-upofphotovoltaicglassproductionisputtingsuppliersundergreatpressure,withstrongdemand,increasedproduction,highproductioncostsandlowsellingpricesinthenearterm.Withtherapiddevelopmentoftheglobalmarketandtheoptimizationandadjustmentofthedomesticindustrialstructure,theindustrywillreturntothetrackofhealthydevelopment.ArchitecturalglassbusinessAsoneofthelargesthigh-endbuildingenergy-savingglasssuppliersinChina,CSGintegratesR&Danddesign,technicalconsulting,productionandmanufacturing,andmarketingandserviceinthearchitecturalglassbusiness.Italwaysaimsto“build
greenenergy-savingproductsandcreatequalitylife”andformsaCSGbrandimagewithquality,serviceandcontinuousR&Dasitscorecompetitiveness,whichisstronglycompetitiveinforeignmarketsaswell.Currently,theCompanyhassixdeepprocessingbasesofenergy-savingglassinTianjin,Dongguan,Xianning,Wujiang,ChengduandZhaoqing.Uptonow,theCompanyhasformedanannualproductioncapacityofover20millionsquaremetersforcoatedinsulatingglassandover60millionsquaremetersforcoatedglass.Additionally,anewenergy-savingglassproductionbaseisbeingbuiltinXi’an.Asthenewbasesarecompletedandputintoproductionstepbystepandtheexpansioncapacityofexistingbasesisgraduallyreleasedinthefuture,theproductdiversificationandcapacityscaleofcoatedinsulatingglassandcoatedglasswillseecontinuousandsteadygrowth,whichwillserveasanadequateguaranteeforthecomprehensiveandsteadyimprovementofproductcompetitiveness,marketshareandservice.CSG’sarchitecturalglassbusinessadherestothecustomizedbusinessstrategyoftrinityoftechnicalservice,marketing,R&Dandmanufacturing,relyingonitsownmanufacturingandR&Dstrength,aswellasthemarketingandservicenetworkformedbydomesticandoverseasoffices,tomeetthepersonalizedneedsofdomesticandforeigncustomersandconstructionprojects.In2017,CSG’slow-EcoatedglasswasawardedthetitleofSingleChampionProductbytheMinistryofIndustryandInformationTechnology,anditpassedthereviewagainin2020,whichfullyprovestheleadingpositionofCSG’sarchitecturalglassintheindustry.TheCompanyhastheworld’sleadingglassdeepprocessingequipmentandtestingequipment,anditsproductscoverallkindsofarchitecturalandconstructionglass.TheR&DandapplicationleveloftheCompany’scoatingtechnologykeepspacewiththeworld,anditshigh-endproducttechnologyisinternationallyleading.Followingthedoublesilvercoatedglassproducts,theCompanyhassuccessivelydeveloped“IceKirin”high-performanceenergy-savingglassandmulti-functionenergy-savingglassproductsfeaturingfurtherimprovedsunshadeandheatinsulationperformanceandenergy-savingcontribution.AlldeepprocessingbasesoftheCompanyareabletoproduceandprocess“IceKirin”high-performanceenergy-savingglass.Underthebackgroundofthe“dualcarbon”goalsandthenationalgreenandenergy-savingbuildingrequirements,themarketdemandfor“IceKirin”glasshasfurtherexpanded.AfteryearsofmarkettestingandrelyingontheCompany’sadvancedcoatingtechnology,itshighperformanceandstabilityhavebeenwellreceivedbythemarket,CSG’s“IceKirin”productshavebecomeabenchmarkinthedomesticmarket,andhigh-quality,energy-saving,environmentallyfriendlyLOW-Einsulatingglasscontinuestoleadthedomestichigh-endmarketshare.TheCompanyhasalwaysadheredtotheintelligenttransformationanddigitaltransformationasthekeyincrementofthedevelopmentofarchitecturalglassbusiness.Ithascontinuouslyinvestedandaccumulatedrichexperienceintheresearchofproductionautomation,intellectualization,informationtechnologyandequipment,andtheefficiencyimprovementofintelligentupgradingandtransformationoftraditionalequipment.Withtechnologicalprogressandprocessoptimization,theCompanyhasreducedproductionmanpowerconsumption,materialconsumptionandenergyconsumption,activelypromotingtheCompany’stransformationandupgradingtoachieveintensivemanufacturingandhigh-qualitydevelopment.TheCompany’squalitymanagementsystemforengineeringandarchitecturalglasshasbeenrespectivelyapprovedbyorganizationsofUKAOQCandAustraliaQAS.TheproductqualitywhichmeetsthenationalstandardsoftheUS,theUKandAustraliaenablesCSGhasanadvantageintheinternationaltenderingandbidding.Since1988,CSG’sengineersandtechnicianshavebeencontinuouslyparticipatingintheformulationandcompilationofvariousnationalstandardsandindustrystandards.Allkindsofhigh-qualityengineeringarchitecturalglassprovidedbytheCompanyarewidelyusedinlandmarkbuildingssuchasmajorcityCBDsandtransportationhubsathomeandabroad,whicharetoonumeroustomention.Withsafe,energy-savingandhigh-endquality,CSGglassisshortlistedforseverallandmarkprojects,includingsomerepresentativeprojectssuchastheNationalInformationandFinanceBuilding,CZBankHeadOfficeBuilding,ZhangjiangGateOfScience,JD.COMHeadquarters
PhaseIII,DianguFinanceCentre,Shenzhen·ChinaMerchantsBankHeadquartersPlaza(NorthTower),andGuangzhouKnowledgeTownIndustrialAggregationCentre,aswellassomeearlyprojectsusingCSGproducts(BeijingCapitalInternationalAirport,BeijingDaxingInternationalAirport,ChinaNationalConventionCentreandthecapitalCBDarea).Asthe“14thFive-YearPlan”hasproposedhigherrequirementsforbuildingenergyconservation,CSGactivelyrespondedtotherequirementsofthepolicyonbuildingenergyconservationandbuildingemissionreductionbytakingtheleadintheR&Dofenergy-savingproducts.Aseriesofenergy-savingproductsthatcouldmeethigherstandardsforenergyconservationweredeveloped,suchasthe“IceKirin”glassseriesandthethermalinsulationproducts.TheCompanyalsoactivelyparticipatedintheformulationandrevisionofaseriesofindustryorgroupstandardstopromotetheadvancementoftheconstructionindustrytowardthe“dualcarbon”goals.ThedevelopmentandproductionoftheCompany’s“IceKirin”glassseriesisaninnovativeandworld-leadingundertaking,whichisofgreatsignificancetothefacilitationofbuildingenergyconservationandtheachievementofthe“dualcarbon”goals.AsthenationalstandardGeneralCodeforEnergyConservationandRenewableEnergyApplicationinBuildings(GB55015-2021)releasedbytheMinistryofHousingandUrban-RuralDevelopmentstipulatesthattheaveragedesignlevelofenergyconsumptioninnewlyconstructedresidentialbuildingsandpublicbuildingsshallbefurtherreducedby30%and20%respectively,andtherequirementsfortheheattransfercoefficientofenergy-savingglassshallbefurtherenhanced,theapplicationsoflow-EcoatedglassareexpectedtodrawmoreattentionandbroadermarketdemandforCSG’s“IceKirin”glassisexpectedtobeseen.Inordertoreducecarbonemissionsofbuildings,CSGhasdevelopedaseriesofenergy-savingproducts,buildingheatinsulationproductsandBIPVproductswithhigherenergyefficiency.Morethan20%ofthearchitecturalglassbusinesscomesfromitsnewproductsperyear.Inordertomeetthemarketdemandforproductinnovation,CSGwillcontinuetoconductinnovation,soastoprovideproductswithhigherenergyefficiencyforthemarket.FloatglassbusinessInthefieldoffloatglass,CSGhas10advancedfloatglassproductionlinesinDongguan,Chengdu,Langfang,WujiangandXianning.AsonefloatglassproductionlineinXianningwashaltedforupgradingandtransformationinthefirsthalfof2023,therearenineproductionlinesinoperationasatJune2023.Itsproductsthatcoverhigh-qualityfloatglassandultra-whitefloatglasswithvariousthicknessesandspecificationsof1.6-25mmaretrustedbycustomersbecauseoftheirquality.CSGfloatglassproductsareallhigh-endproductsthatcanbedirectlyusedfordownstreamdeepprocessing,andtheproportionofdifferentiatedglassproductswithspecialspecificationsandspecialapplicationscenariossuchasultra-white,ultra-thin,andultra-thickislarge,whicharewidelyusedinhigh-endbuildingcurtainwalls,decorationandfurniture,mirrors,carwindshields,scannersandcopiers,homeappliancepanels,displayprotectionandotherapplicationfieldswithhighrequirementsonglassquality.CSGhasestablishedlong-termandstablebusinesscooperationwithmanywell-knownprocessingenterprises.Theprofitlevelofthefloatglassbusinessisgenerallypositivelycorrelatedwiththelevelofrealestatenewconstructionandcompletiondata,andisalsoaffectedbymultiplefactorssuchascurrentenergyandrawmaterialprices,productstructure,andenterprisemanagementlevel.Differentiatedglassproductshavehigheraddedvalueduetospecificapplicationscenarios,higherproductionprocessdifficulties,stabledemand,andrelativelyproactivepricingbymanufacturers.Tocopewiththedownwardpressureofthemarket,theCompanyfocusesonimprovingmanagementefficiency,improvingthelevelofleanproductionofconventionalproducts,firmlyimplementingthedifferentiatedcompetitionstrategy,carefullycultivatinganddevelopingdifferentiatedproductmarkets,andcontinuouslyincreasingtheproportionofhigh-value-addedproductsales,suchasultra-whiteproducts,soastocontinuouslyconsolidateandenhancetheindustrycompetitivenessoftheCompany’sfloatglassbusiness.
Inthefirsthalfof2023,propertyconstructionstartsdroppedsignificantlycomparedwiththesameperiodinlastyear,thedomesticarchitecturalglassmarketdemandcontinuedtoslowdown,originalsheetproducerssawadecliningcurrentperiodinventoryratio,andthepricesoffloatglassremainedatlowlevels.Meanwhile,affectedbytheRussia-Ukraineconflict,inflationandotherfactors,thepricesofrawmaterialsandfuelswereathighlevels,andtheprofitleveloffloatglassregisteredadropcomparedwiththesameperiodinthepreviousyear.However,underthemacrobackgroundof“SteadyGrowth”ofthenationaleconomyandtherealizationof“dualcarbon”goals,customersinthedownstreammarketarepursuinghigher-qualityproducts,andthedemandfordifferentiatedproductsandenergy-savingproductsremainsstable.ElectronicglassanddisplaybusinessAftermorethanadecadeofhardwork,CSG’selectronicglassbusinesshasalwaysfocusedonincreasinginvestmentinR&D,breakingthroughhigh-endmarketbarrierswithindependentintellectualpropertyrightsandindependentinnovation,andfirmlyfollowingthedevelopmentrouteofproductupgradesanditerationstoaccelerateimportsubstitution.In2023,theCompany’selectronicglassbusinesscontinuedtodevelopinasteadymanner.Itsfoursubsidiaries,HebeiPanel,YichangPhotoelectric,QingyuanNewEnergy-SavingMaterialsandXianningPhotoelectric,continuedtoactivelyimplementfurthermarketexpansionandproductupgradingintheapplicationfieldsofintelligentelectronicterminals,touchcomponents,vehiclewindowglass,vehicle-mounteddisplay,industrialcontrolandcommercialdisplay,andsmarthome.Therefore,themarketshareandbrandinfluenceoftheCompany’smedium-aluminaandhigh-aluminaelectronicglassproductswereimprovedsteadily.Richproductstructure,reliabledeliveryguaranteeandstrongtechnicalinnovationhelptheCompany’selectronicglassbusinessmaintainitsdominantpositioninthefiercemarketcompetition.Inthefirsthalfof2023,theCompany’shighaluminiumsecondgeneration(KK6-P)lithiumaluminosilicateelectronicglassproductswereputinmassproductionanddeliveredtonewcustomers,markingthatCSG’selectronicglassbusinesshasfirmlyestablishedthesupplychainsystemofdomestichigh-endcustomers.Atthesametime,theCompanycontinuedtopromoteproducttechnologyupgrading.Continualeffortsweremadetostrengthenthedevelopmentofnewtechnologiesandproducts,suchasnewhigh-aluminiumglassproducts,soastoenhancecustomers’recognitionoftheCSGbrand.Inaddition,theQingyuanCSGPhaseII“OneKilnandTwoLines”projectisoperatingwellwithmoreandmorenewapplicationmarkets,whichhasenhancedtheoverallprofitabilityofelectronicglassandfurtherconsolidatedandstrengthenedCSG’scompetitivestrengthinthedomesticelectronicglassfield.Theultra-thinelectronicglassproductionlinewithadailymeltingcapacityof110tonsinvestedbyHebeiPanelGlasshasenteredthepre-commercialisationstage,andthecomplementaryR&Dcentrehasbeenputintouse.Atpresent,CSGelectronicglasshasfullycoveredelectronicglassproductsinhigh,mediumandlow-endapplicationscenariosandformedamoresolidmarketcompetitionfoundation.CSGhaslongbeencommittedtobecomingtheindustry’sleadingelectronicglassmaterialsolutionprovider,anditwillcontinuetodevelopglass-basedprotectivematerialswithhigherstrengthandcompetitivenessinthefieldoftouchdisplay,develophuman-computerinteractioninterfacematerialsmeetingtherequirementsofmaterialinterconnectioninthefieldsofsmarthome,vehicledisplayandadvancedmedical,anddeveloprevolutionaryalternativematerialsinthefieldsofnew-energyvehiclesandsecurity.Inthetouchdisplayfield,CSGhasformedacompletetouchindustrychainfromvacuummagnetronsputteringcoating,3A(AG,AR,andAF)coverplateprocessingandfinepatternlithographyprocessing,totouchdisplaymodules.Themainbusinessincludesopticalcoatingmaterials,vehicle-mounted3Acoverplatesandvehicle-mountedtouchpanels.Amongthem,theopticalcoatingmaterialsegmentincludesthetwobusinesstypesofITOconductiveglassandITOconductivefilm,andtheproductsarepositionedatmiddleandhigh-endcustomersathomeandabroadandareconcentratedindifferentiatedhigh-value-addedones.
TheCompanycontinuedwiththedevelopmentofnewproductsinnewapplicationfieldsinthefirsthalfof2023.Currently,severalproductsareinthestageofsmall-batchproduction.SolarenergyandotherbusinessesCSGisoneoftheenterprisesthatfirstlyenterthefieldofphotovoltaicproductmanufacturinginChina.Aftermorethantenyearsofconstruction,operation,technologicaltransformationandupgrading,CSGhascreatedacompleteindustrialchaincoveringtheinvestmentandoperationofhigh-puritycrystallinesiliconmaterials,siliconwafers,cells,modulesandphotovoltaicpowerstations.ThebusinessstructureoftheentireindustrychainenablestheCompanytohaveacertainabilitytoresistrisks,besensitivetotheindustry,andbeabletorespondquicklytomarketchangesintheindustry.Afteryearsoftechnologicalaccumulationinthephotovoltaicsector,CSGhasbuiltthreenational-levelscientificresearchandtechnologyplatforms(the“NationalandLocalJointEngineeringLaboratoryforSemiconductorSiliconMaterialPreparationTechnology”recognizedbytheNationalDevelopmentandReformCommission,“NationalEnterpriseTechnologyCentre”and“CNASAccreditedLaboratory”,sevenprovincial-levelscientificresearchandtechnologyplatforms(“HubeiSemiconductorSiliconPreparationTechnologyProjectLaboratory”and“HubeiEnterpriseTechnologyCentre”recognizedbytheProvincialDevelopmentandReformCommission;“HubeiSiliconMaterialEngineeringTechnologyResearchCentre”recognizedbytheProvincialDepartmentofScienceandTechnology,“HubeiSemiconductorSiliconMaterialTechnologyInternationalCooperationBase”,“HubeiSiliconMaterialEnterprise-SchoolJointInnovationCentre”,“GuangdongSolarPhotovoltaicCellandComponentEngineeringTechnologyResearchCentre”and“GuangdongEnterpriseTechnologyCentre”).Inthefirsthalfof2023,therapidreleaseoftheproductioncapacityoftheupstreamhigh-puritycrystallinesiliconledtoadeclineinprices.YichangCSGPolysiliconCo.,Ltd.,asubsidiaryoftheSolarEnergyBusinessDepartmentofCSG,fullyimplementedthestrategicdecisionsandarrangementsoftheGroup’smanagement,unswervinglycarriedout“technicaltransformation,qualityimprovement,costreductionandefficiencyenhancementforhigh-puritycrystallinesiliconproductionlines;andthesiliconwaferbusinesswasswiftlyupgradedto182mono-crystallinewaferstocatertothemainstreammarkets,whichhasresultedingoodeconomicbenefits.Asapubliclistedcompanywithextensivesocialinfluenceandsenseofsocialresponsibility,CSGhasalwaysadheredtotheconceptsofenergyconservation,environmentalprotectionandpeople-oriented,andcontributedtotheconstructionofanenvironment-friendly,resource-savingandsustainablehumanfuture.
(II)Overviewofoperationduringthereportperiod
Inrecentyears,CSGhasmadeaforward-lookinglayout,firmlypromotedtheadjustmentofitsbusinessstructureduringdevelopment,strengtheneditscompetitiveadvantageintraditionalenergy-savingconstructionmaterials,furtheradjusteditsproductstructure,increasedthepercentageofdifferentiatedproducts,andacceleratedthedevelopmentofitsnewenergyandnewmaterialindustrialsectors.Inthefirsthalfof2023,theCompany’soperatingrevenuetotalledRMB8.389billion,increasingby29%year-on-year;itsnetprofitreachedRMB0.882billion,decreasingby13%year-on-year;andthenetprofitattributabletoshareholdersofthelistedcompanywasRMB0.889billion,decreasingby11%year-on-year.Tobespecific,inthefirsthalfof2023,theCompany’soperatingrevenueandnetprofitintheglassbusiness(photovoltaicglass,architecturalglassandfloatglass)totalledRMB6.335billionandRMB0.48billion,respectively;itsoperatingrevenueandnetprofitintheelectronicglassanddisplaybusinessstoodatRMB0.72billionandRMB15million,respectively;anditssolarenergyandotherbusinessesrecordedoperatingrevenueandanetprofitofRMB1.585billionandRMB0.356billion,respectively.
GlassbusinesssegmentPhotovoltaicglass:Giventherapidlyincreasingphotovoltaicdemand,theCompanymakesplansforphotovoltaicglassproductionlinesbasedonlocalneedstoprovidehigh-quality,high-performancephotovoltaicglassproducts.Forinstance,theCompanyremainsanindustryleaderintermsofproductioncapacity,qualityandcomprehensivemanufacturingyieldofultra-thinphotovoltaicglassproductsbelow2mm;andprovidinghigh-qualityencapsulationmaterialsforthepromotionoflightweightdouble-glassphotovoltaicmodules,ithasbecomeanimportantandevenstrategicsuppliertoleadingglobalmodulecompanies.Inthefaceoftheindustry’srapidtechnologicalupgrading,theCompanyquicklyadaptstomarketneedsandstrengthenstechnologicalinnovation.Anditseffortsinthedevelopmentofdifferentiatedproductsandmarketinghavebeenfruitful.Forexample,theCompanyhasindependentlydevelopedhigh-transmittancedouble-coatedphotovoltaicglass,colourlessdouble-coatedphotovoltaicglass,anti-glarephotovoltaicglass,dust-proofphotovoltaicglassandsoon.Theseproductsmeetthecustomers’regularperformancerequirementswhilegreatlysatisfyingtheirspecificneedsintermsofhightransmittance,aesthetics,anti-glare,cleaning,etc.,representingaperfectcombinationofindustrialisationandhumanisation.Currently,theseproductsarewellreceivedbymajormodulemanufacturers.Movingforward,theCompanywillcontinuetoexplorethephotovoltaicglassindustry,keepabreastofcutting-edgetrends,increaseinvestmentininnovation,andcontributetotherealisationofhigh-qualitydevelopmentoftheindustry.WiththenewproductionlinesinAnhuiandXianningsuccessivelyputintoproduction,theCompany’sphotovoltaicglassproductioncapacityhasbeensignificantlyincreased,resultinginaconsiderablegrowthinthephotovoltaicglassbusiness.Architecturalglass:AsthegoldenbrandofCSG,theCompany’sarchitecturalglassbusinesshasbeenequippedwithquality,serviceandcontinuousR&Dcapabilitiesthatmatchthebrand.Focusingonthecontinuousimprovementofthebuildingenergy-savingstandardsandhigh-risebuildingsafetystandards,theCompanystrengthensbrandbuildingandadherestothecustomizedbusinessstrategyintegratingtechnicalservice,marketing,andR&Dandmanufacturing,tomeetthepersonalizedneedsofdomesticandforeigncustomersandconstructionprojects.AstheCompany’sshareinthedomestichigh-endconstructionmarketcontinuestorise,italsomaintainsaleadingpositioninmarketscaleandprofitabilityinthefieldofdeepprocessingwithinthesameindustry.TheCompanyfacedgreaterpressureinmarketinginthefirsthalfof2023comparedwiththesameperiodinlastyearduetotheweakmarketrecoveryandthecontinueddeclineinthegrowthrateofpropertydevelopmentinvestment.This,togetherwiththecontinualrisksofdomesticrealestatecompanies,theCompany’sliquiditypressureremainedhigh.Moreover,astheCompanystrengthenedriskcontrol,operatingrevenueofthearchitecturalglassbusinesswasaffectedtosomedegree,withaslightyear-on-yearincrease.However,byrefiningthemarketlayout,theCompanycontinuedtoincreasethesigningofhigh-qualityprojects,whichresultedinthedrasticyear-on-yearincreaseoftheordercompoundingdegree.Meanwhile,itlaunchedthebandof“IceKirin”andgraduallyincreasedtheproportionof“IceKirin”andotherhigh-endproducts.Italsoenhancedcooperationinsupportprojectsforpeople’slivelihood,continuedto“ReduceCostsandIncreaseEfficiency”,adoptedleanoperation,andleveragedtheGroup’sindustrialchainadvantage.Theseeffortseffectivelyoffsettheimpactsofshrinkingmarketdemandandlowerproductprices.Meanwhile,focusingonthefuture,theCompanyseizesthehistoricopportunityoftheaccelerationofgreenbuildingconstruction,acceleratesthecompletionofthelayoutofproductioncapacityoptimizationandproductionexpansionforallbasesofarchitecturalglass,aswellastheconstructionofnewbases,andimprovestheautomationandinformatizationlevelofitsproductionlines,continuouslyimprovingtheefficiencyofequipmentproduction.AstheDongguanBasehascompletedtheoptimizationandrestructuringofitsproductionlines,theCompanynowhasamorediverseproductportfolio.Meanwhile,relyingonthe
geographicaladvantageoftheGreaterBayAreaandtherepositionedmarketgoalofhigh-qualityenergy-savingglassproducts,itfocuseditsbusinessontheGuangdong-HongKong-Macaoregionandoverseasmarkets.AsCSG’sfirstfactoryofintelligentproductionofarchitecturalglass,ZhaoqingBasehasachievedasteadygrowthinproductioncapacityaftertwoyearsofinfrastructureconstructionandhuman-machinerunning-in.AfterthesynergisticeffectbetweenthebaseandtheDongguanBasewasformed,thegoalofproductioncapacityexpansionandproductcomplementationwasachieved.TakingtheadvantageofthemarketdemandintheBeijing-Tianjin-HebeiregionandNortheastChina,theCompany’sTianjinBasehassuccessfullyreleasedtheproductioncapacityofitsproductionexpansionprojects,soastomakeupforitsinsufficientproductioncapacity.RelyingonChina’s“BeltandRoad”strategy,especiallytheNewAsia-EuropeContinentalBridge,theChina-KazakhstanRailwayandothercriticalprojectsthatpassthroughNorthwestChina,CSGtakesthisopportunitytoacceleratetheconstructionofitsXi’anEnergy-savingGlassBase.Asthenewproductionlineprojectsaregraduallycompletedandputintooperation,CSG’sproductioncapacityforarchitecturalglasswillbefurtherreleased.This,incombinationwiththeCompany’sproductdiversificationtoconformwiththemarketdemand,canleadtothecontinuousimprovementofthemarketcompetitivenessandservicecapabilityofCSGregardingarchitecturalglass,soastoincreasethemarketshareofitsarchitecturalglassbusiness.Floatglass:Inthefirsthalfof2023,thedomesticdownstreamdemandforarchitecturalglasscontinuedtoslowdown,andfloatglasspriceswereatlowlevels.Meanwhile,profitabilityoffloatglassdeclinedasaresultofhigherproductioncostscausedbytherisingpricesofrawmaterialsandfuelsandotherfactors.Inthefaceoftheseverebusinessenvironment,theCompanyfirmlyimplementedthedifferentiatedproductstrategy.Firstly,itproducedandmarketedmorehighvalue-addedproducts,suchasultra-thickandlarge-sizeones.Additionally,itcontinuedtorampuptheproductionofultra-whitefloatglasswithstrongersalesaswell.Also,bycreating“BlueDiamond”,ahigh-endbrandofultra-whiteglassseries,theCompanyhasbecomealeaderinthismarketsegment.TheproportionoftheCompany’shigh-value-addeddifferentiatedproductscontinuestoincrease,andtheCompanystaysamongthetopinthesegmentofhigh-gradefloatglass.Throughorganizingcentralisedprocurementofbulkrawmaterialsandstrategicreserveprocurementduringperiodsoflowprices,pressureofrisingprocurementcostshasbeeneffectivelyoffset.Besides,theCompanystrengthenstheleancontrolofthewholeproductionprocesstoimproveproductionefficiencyandcontinuestoreducecostsandincreaseefficiency.ElectronicglassanddisplaybusinesssegmentCSGalwaysrecognizesR&Dasthecoreofitselectronicglassbusinessandunremittinglyadoptsthedevelopmentrouteofproductupgradingwiththeaimofreplacingimportedproductswithhomemadeproducts.FoursubsidiariesoftheCompany,namely,HebeiPanel,YichangPhotoelectric,QingyuanNewEnergy-SavingMaterialsandXianningPhotoelectric,continuedtoactivelyimplementproductandmarketupgradinginvariousapplicationfields,suchasintelligentelectronicterminals,touchcontrolmodules,vehiclewindowglass,vehicle-mounteddisplays,industrialautomaticcontroldisplays&commercialdisplays,andsmarthome.Inthefirsthalfof2023,productcompetitionintheelectronicglassindustrybecamemoreandmoreintense,domesticfellowmanufacturersexpandedtheirproductioncapacitysignificantly,resultinginanoversupply,andtheoperatingresultsoftheCompany’selectronicglassbusinessdeclinedcomparedwiththesameperiodlastyear.Intermsofdisplay,theCompany’sproductionandsalesvolumesdeclinedinthefirsthalfof2023comparedwiththesameperiodlastyearduetotheshrinkingglobaldemandforconsumerelectronicsandthepopularityofin-celltouchtechnology.Solarenergyandotherbusinessessegment
Themacroscopicbackgroundoftheglobalconsensusfor“GreenDevelopment”andthedomestictimetableofthedualcarbongoalsjointlypromoteanewhigh-speeddevelopmentperiodofthephotovoltaicindustryaftertheaffordableInternetaccessiscomprehensivelyachieved.Onthebasisofobjectiveanalysisofitsownindustrialadvantagesanddisadvantages,overallconsiderationofthemarketenvironment,industrialdevelopmenttrendandtheGroup’soverallindustrialdevelopmentplan,theCompanyplanstolaunchtheprojectof50,000tonhigh-puritycrystallinesiliconinHaixiPrefecture,QinghaiProvince,constructionofwhichisaccelerating.Thisproject,uponcompletion,isexpectedtohelpfurtherexpandtheGroup’ssolarenergybusinessandenhanceitsoverallcompetitiveness.Withrespecttothemarketingofhigh-puritycrystallinesilicon,theCompanyadoptstwopaths,namely,strategiclong-termordersandflexiblesales,toreduceoperatingrisksandensurestableandsustainablebusinessdevelopment.Intermsoftheproductionofhigh-puritycrystallinesilicon,theCompanycontinuouslyoptimisestheproductionprocess,aswellasreducecostsandincreaseefficiency,resultinginsignificantimprovementinproductquality.Sincethehigh-puritycrystallinesiliconproductionlinewasputintooperationinFebruary2022,alldeviceshavebeenrunningstably,andaccordingtotheoperationandmaintenanceplan,theproductionlinehasnowenteredthestageoftechnicalreformandupgrading.Asforthesiliconwaferbusiness,onthebasisofconsolidatingthecustomerbaseofpolycrystallinesiliconwaferproducts,theCompanyhasadoptedthestrategyofdiversifiedoperationstoactivelyswitchtothemainstreammono-crystallinemarket.Itgivesfullplaytoitsownadvantages,alignswiththemainstreammarket,andenhancestheabilityofasset-basedbenefitcreation.ThisisinlinewiththeCompany’slong-termdevelopmentstrategy.Withregardtothemodulebusiness,theproductioncapacityofhigh-power,large-sizemoduleshasbeenputintouse,withconsiderableimprovementinorderacquisitioncapability.Themono-crystalline182cellupgradingprojecthasachievedmassproductionandsuccessfullyenteredthemainstreamcellmarket.Bythefirsthalfof2023,theCompany’scumulativephotovoltaicpowerstationcapacityreached139MW.
II.CoreCompetitivenessAnalysis
CSG,oneofthemostcompetitiveandinfluentiallarge-scaleenterprisesinChina'sglassindustryandnewenergyindustry,iscommittedtothedevelopmentofenergyconservationrenewable,andnewmaterialindustry.Afternearly40yearsofdevelopmentandaccumulation,theCompanyhasgraduallyformedacomprehensivecompetitiveadvantageintermsofproductsandbrands,technologyresearchanddevelopment,industrialchainandlayout,talentteam,andgreendevelopment.
1.Productandbrandadvantages"CSG"isafamousbrandofdomesticenergy-savingglass,ultra-thinelectronicglass,displayandsolarphotovoltaicproducts.Itsproductsandtechnologyarewell-knownathomeandabroad.Thetrademarks"南玻"and"SG"heldbytheCompanyareboth"FamousTrademarkofChina".TheCompanyhasbeenlistedinthe"Top50BuildingMaterialsEnterprisesinChina","Top100IndustryLeadersinShenzhen"and"PreferredBrandofArchitecturalGlass"inDoorandWindowCurtainWallIndustryformanyyears.In2018,"CSG"brandwasrecognizedbytheUnitedNationsIndustrialDevelopmentOrganizationasthefourthbatchof"InternationalReputationBrand".CSG’slow-Ecoatedglassandultra-thinelectronicglasswereawardedthetitleofSingleChampionProductbytheMinistryofIndustryandInformationTechnology,anditistheonlymanufacturerinthedomesticglassindustrythathastwosinglechampionproductsatthesametime.In2022,theCompanywasawardedthetitlesof“Top10NationalLeadingEnterpriseintheConstructionMaterialIndustrywithTechnologicalBreakthroughs”and“ShenzhenTop500Enterprisesfor2022”(rankingNo.96).InJune2023,the"IceKirin"glassproductof"CSG"successfullylandedonCCTVheadquarters.
2.TechnologyresearchanddevelopmentadvantagesTheCompanyhasalwaysvaluedtechnologicalR&DandadoptedindependentR&Dasitsfoundationsinceitsestablishment.AsofJune30,2023,theCompanyhashadatotalof19nationalhigh-techenterprises,2national-levelsinglechampionproductsin
themanufacturingindustry,1national-levelengineeringlaboratory,1national-levelenterprisetechnologycentre,4nationalenterpriseswithintellectualpropertyadvantages,7national-levelspecialized,sophisticated,distinctive,andinnovativeenterprises(“LittleGiants”),1provincial-levelacademicianworkstation,1provincial-leveldoctoralworkstation,13provincial-levelenterprisetechnologycentres,6provincial-levelengineeringtechnologyresearchcentres,4provincial-leveldemonstrationenterprisesforintellectualpropertyconstruction,7provincial-level“LittleGiants”,1provincial-levelgovernmentqualityaward,8provincial-levelscientificandtechnologicalprogressawards,3provincial-levelpatentawards,1Shenzhenpostdoctoralinnovationpracticebaseand1Shenzhenspecialized,refined,andnewsmallandmedium-sizedenterprise.AsofJune30,2023,theCompanyhasappliedforatotalof2,904patents,including1,204inventionpatents,1,687utilitymodelpatents,and13designpatents.Moreover,theCompanyhashadatotalof2,116authorizedpatents,including424inventionpatents,1,679utilitymodelpatents,and13designpatents.
3.IndustrialchainandlayoutadvantagesTheCompanyhasthreecompleteindustrialchainsofenergy-savingglass,electronicglassanddisplay,andsolarphotovoltaicglass.Withthecontinuousimprovementofthetechnologicallevelofeachprocessoftheindustrialchains,theCompany’sindustrialadvantagebecomesobvious;meanwhile,theCompanypossessesacompleteindustrylayout,withproductionbaseslocatedinthePearlRiverDeltainSouthChina,Beijing-Tianjin-HebeiregioninNorthChina,theYangtzeRiverDeltainEastChina,theChengdu-ChongqingregioninSouthwestChina,theHubeiregioninCentralChina,andtheShaanxi-QinghairegioninNorthwestChina.
4.TalentteamadvantagesTheCompany’sadvantageintalentteamsismainlyreflectedintwoaspects:Ontheonehand,theCompanyhasestablishedastrongR&DteamandapowerfulR&Dsystem.Throughtheconstructionofthecoretechnicalteam,continuousR&Dinvestment,andabundanttechnicalreserves,ithasconstitutedanimportanttechnologyandinnovationsupportfortheCompany’sstrategies.Meanwhile,ithasestablishedIndustry-University-Researchcooperation,activelycooperatingwithdomesticcollegesanduniversitieswhichareinadvantageinsilicatematerialsindustry,toacceleratethetransformationofscientificresearchresults,andtostrengthenbasicresearch;ontheotherhand,anexcellentandstablemanagementteamisoneofthemostfundamentalguaranteesfortheCompany’srapidandstabledevelopment.TheCompanyhasformedagoodechelontrainingmechanismforprofessionalmanagers.Atpresent,theCompany’sseniormanagementteamhascomparativeadvantagesinmultipleaspects,suchasacademicbackground,professionalquality,knowledgebase,managementphilosophyandexperience.
5.GreendevelopmentadvantagesWiththecontinuousimpetusofthe“dualcarbon”goals,theCompanyhastakenactiveactionsinvariouscarbon-relatedfields.Forexample,theCompanyhaswidelyconductedprofessionaltrainingoncarbonemissionmanagementtoimprovetheabilityofrelevantpersonneltobettercopewithcarbon-relatedaffairs.Meanwhile,theCompanyhaspromotedproductcarbonfootprintcertificationasapreparationfordownstreammarketexpansionofgreenandlow-carbonproducts.Furthermore,HebeiCSGGlassCo.,Ltd.,asubsidiaryoftheCompanyandanoutstandingandbenchmarkenterpriseintheflatglassindustry,recognizedasapilotenterpriseforcarbonpeakingintheconstructionmaterialindustry,hasmadeeffortstoexploreandimplementtheactionplansandeffectiveroutesofcarbonpeakingintheindustry.RelevantsubsidiariesoftheCompanyhaveactivelygotteninvolvedintheregionalpilotmarketofcarbontransactionstostriveforacalculationmethodofcarbonquotamatchingtherealsituationoftheCompany’sproduction.Andpreparefortheexpansionofparticipantsinthenationalcarbontradingmarketinthefuture.Asapioneerofgreendevelopmentintheindustry,theCompanyhaswonitselfabundantroomfordevelopment.
III.MainbusinessanalysisOverviewPleaserefertotherelevantcontentof“I.MainbusinessoftheCompanyinthereportperiod”.Year-on-yearchangesofmainfinancialdata
Unit:RMB
| Thereportperiod | Thecorrespondingperiodoflastyear | Increase/decreaseyear-on-year（%） | Reasonsofchange | |
| Operatingincome | 8,389,340,245 | 6,519,216,676 | 28.69% | |
| Operatingcosts | 6,495,395,931 | 4,637,645,927 | 40.06% | Mainlyduetotheincreaseinrevenuefromtheproductionofphotovoltaicglassproductionlines,resultinginincreasedcosts |
| Salesexpenses | 146,856,141 | 133,906,652 | 9.67% | |
| Administrationexpenses | 340,252,772 | 318,635,812 | 6.78% | |
| Financialexpenses | 72,764,645 | 62,797,352 | 15.87% | |
| Incometaxexpenses | 74,094,170 | 168,925,524 | -56.14% | Mainlyduetoreasonssuchasadecreaseintotalprofit |
| R&Dinvestment | 346,264,501 | 265,877,930 | 30.23% | Mainlyduetoincreasedresearchanddevelopmentinvestment |
| Netcashflowarisingfromoperatingactivities | 518,427,185 | 902,803,121 | -42.58% | Mainlyduetoanincreaseincashpaymentsforpurchasinggoodsandreceivingservices |
| Netcashflowarisingfrominvestmentactivities | -1,682,063,852 | -1,832,143,634 | -8.19% | |
| Netcashflowarisingfromfinancingactivities | -793,930,485 | 1,033,633,029 | -176.81% | Mainlyduetoanincreaseincashpaidfordebtrepayment |
| Netincreaseincashandcashequivalents | -1,954,758,111 | 107,488,197 | -1,918.58% | Mainlyduetoadecreaseinnetcashflowfromfinancingactivities |
Majorchangesonprofitcompositionorprofitresourcesinthereportperiod
□Applicable√NotapplicableTherewasnomajorchangeintheCompany'sprofitcompositionorprofitresourcesduringthereportperiod.Compositionofoperatingincome
Unit:RMB
| Thereportperiod | Thecorrespondingperiodoflastyear | Increase/decreasey-o-y | |||
| Amount | Ratioinoperatingincome | Amount | Ratioinoperatingincome | ||
| Totalofoperatingincome | 8,389,340,245 | 100% | 6,519,216,676 | 100% | 28.69% |
| Accordingtoindustry | |||||
| Glassindustry | 6,335,187,971 | 75.51% | 4,428,770,426 | 67.93% | 43.05% |
| Electronicglass&Displayindustry | 720,405,893 | 8.59% | 809,915,769 | 12.42% | -11.05% |
| Solarenergyandotherindustries | 1,585,418,445 | 18.90% | 1,433,641,147 | 21.99% | 10.59% |
| Undistributed | 220,156,296 | 2.62% | 230,507,530 | 3.54% | -4.49% |
| Inter-segmentoffsets | -471,828,360 | -5.62% | -383,618,196 | -5.88% | 22.99% |
| Accordingtoproduct | |||||
| Glassproducts | 6,335,187,971 | 75.51% | 4,428,770,426 | 67.93% | 43.05% |
| Electronicglass&Displayproducts | 720,405,893 | 8.59% | 809,915,769 | 12.42% | -11.05% |
| Solarenergyandotherproducts | 1,585,418,445 | 18.90% | 1,433,641,147 | 21.99% | 10.59% |
| Undistributed | 220,156,296 | 2.62% | 230,507,530 | 3.54% | -4.49% |
| Inter-segmentoffsets | -471,828,360 | -5.62% | -383,618,196 | -5.88% | 22.99% |
| Accordingtoregion | |||||
| MainlandChina | 7,695,234,258 | 91.73% | 6,019,026,588 | 92.33% | 27.85% |
| Overseas | 694,105,987 | 8.27% | 500,190,088 | 7.67% | 38.77% |
Listoftheindustries,productsorregionsexceed10%oftheoperatingincomeoroperatingprofitsoftheCompany
√Applicable□Notapplicable
Unit:RMB
| Operatingincome | Operatingcost | Grossprofitratio | Increase/decreaseofoperatingincomey-o-y | Increase/decreaseofoperatingcosty-o-y | Increase/decreaseofgrossprofitratioy-o-y | |
| Accordingtoindustry | ||||||
| Glassindustry | 6,335,187,971 | 5,065,507,031 | 20.04% | 43.05% | 65.51% | -10.85% |
| Solarenergyandotherindustries | 1,585,418,445 | 1,073,712,225 | 32.28% | 10.59% | 12.97% | -1.42% |
| Accordingtoproduct | ||||||
| Glassproducts | 6,335,187,971 | 5,065,507,031 | 20.04% | 43.05% | 65.51% | -10.85% |
| Solarenergyandotherproducts | 1,585,418,445 | 1,073,712,225 | 32.28% | 10.59% | 12.97% | -1.42% |
| Accordingtoregion | ||||||
| MainlandChina | 7,695,234,258 | 5,932,244,234 | 22.91% | 27.85% | 40.07% | -6.73% |
UnderthecircumstancesthatthestatisticalstandardsfortheCompany’smainbusinessdataadjustedinthereportperiod,theCompany'smainbusinessdataintherecentyeariscalculatedbasedonadjustedstatisticalstandardsattheendofthereportperiod
□Applicable√NotapplicableIV.Non-corebusinessanalysis
□Applicable√Notapplicable
V.Assetsandliabilities
1.Significantchangesinassetscomposition
Unit:RMB
| Endofthereportperiod | Endoflastyear | Increaseordecreaseinproportion | Explanationofsignificantchanges | |||
| Amount | Percentagetototalassets | Amount | Percentagetototalassets | |||
| Cashatbankandonhand | 2,659,317,147 | 9.75% | 4,604,607,779 | 17.78% | -8.03% | Cashatbankandonhanddecreasedmainlyduetotherepaymentofmaturecorporatebonds |
| Accountsreceivable | 1,618,049,955 | 5.93% | 1,179,992,784 | 4.56% | 1.37% | Accountsreceivableincreasedmainlyduetotheincreaseinsalesrevenuefromphotovoltaicglass |
| Inventories | 2,118,417,593 | 7.77% | 1,783,941,982 | 6.89% | 0.88% | |
| Investmentproperties | 290,368,105 | 1.06% | 290,368,105 | 1.12% | -0.06% | |
| Fixedassets | 11,986,389,945 | 43.96% | 11,243,236,175 | 43.40% | 0.56% | |
| Constructioninprogress | 2,622,639,485 | 9.62% | 2,520,362,291 | 9.73% | -0.11% | |
| Right-of-useassets | 9,589,272 | 0.04% | 9,908,413 | 0.04% | 0% | |
| Short-termborrowings | 384,776,205 | 1.41% | 345,000,000 | 1.33% | 0.08% | |
| Contractliabilities | 342,662,579 | 1.26% | 418,051,975 | 1.61% | -0.35% | |
| Long-termborrowings | 5,228,900,581 | 19.18% | 4,353,589,980 | 16.81% | 2.37% | |
| Leaseliabilities | 3,648,983 | 0.01% | 3,564,330 | 0.01% | 0% | |
| Non-currentassetsduewithinoneyear | 80,000,000 | 0.29% | 20,000,000 | 0.08% | 0.21% | Non-currentassetsduewithinoneyearincreasedmainlyduetothematuritywithinoneyearofpreviouslypurchasedlarge-amountcertificateofdeposit |
| Notesreceivable | 731,429,485 | 2.68% | 156,943,437 | 0.61% | 2.07% | Notesreceivableincreasedmainlyduetothepledgeofnotesreceivable |
| Intangibleassets | 2,395,648,014 | 8.79% | 1,438,102,666 | 5.55% | 3.24% | Intangibleassetsincreasedmainlyduetothetransferoftheprepaymentforminingconcessionfromothernon-currentassetstointangibleassetsastheminingconcessioncertificatewasobtained |
| Long-termprepaidexpenses | 6,568,159 | 0.02% | 2,647,939 | 0.01% | 0.01% | Long-termprepaidexpensesincreasedmainlyduetotheincreaseinitemstobeamortized |
| Othernon-currentassets | 1,125,121,631 | 4.13% | 856,620,485 | 3.31% | 0.82% | Othernon-currentassetsincreasedmainlyduetotheincreaseinprepaymentforengineeringandequipment |
| Notespayable | 1,359,373,689 | 4.99% | 994,557,496 | 3.84% | 1.15% | Notespayableincreasedmainlyduetotheincreaseinnotesissued |
| Accountspayable | 3,024,632,655 | 11.09% | 2,033,542,627 | 7.85% | 3.24% | Accountspayableincreasedmainlyduetotheincreaseinengineeringandequipmentpayables |
| Employeebenefitspayable | 300,681,897 | 1.10% | 473,616,428 | 1.83% | -0.73% | Employeebenefitspayabledecreasedmainlyduetotheyear-endbonusesforemployeesaccruedinthepreviousyearthatwerepaidduringthereportperiod |
| Non-currentliabilitiesduewithinoneyear | 1,008,414,500 | 3.70% | 2,481,433,006 | 9.58% | -5.88% | Non-currentliabilitiesduewithinoneyearCurrentportionofnon-currentliabilitiesdecreasedmainlyduetotherepaymentofmaturecorporatebonds |
| Othercurrentliabilities | 89,468,648 | 0.33% | 50,407,240 | 0.19% | 0.14% | Othercurrentliabilitiesincreasedmainlyduetotheissuanceof |
| electronicdebtobligation,etc. | ||||||
| EstimatedLiabilities | 7,569,501 | 0.03% | 0 | 0% | 0.03% | EstimatedLiabilitiesincreasedmainlyduetotheincreaseinminerehabilitationcosts |
| Specialreserve | 210,519 | 0% | 731,580 | 0% | 0% | Specialreservedecreasedmainlyduetotheuseofspecialreserve |
2.Mainoverseasassets
□Applicable√Notapplicable
3.Assetsandliabilitiesatfairvalue
√Applicable□Notapplicable
Unit:RMB
| Item | Openingbalance | Profitandlossfromchangesinfairvalueinthecurrentperiod | Cumulativechangesinfairvalueincludedinequity | Impairmentaccruedinthecurrentperiod | Purchaseamountforthisperiod | Amountsoldinthisperiod | Otherchanges | Closingbalance |
| Financialassets | ||||||||
| Investmentrealestate | 290,368,105 | 290,368,105 | ||||||
| Receivablesfinancing | 1,095,412,643 | -264,422,940 | 830,989,703 | |||||
| Totaloftheabove | 1,385,780,748 | -264,422,940 | 1,121,357,808 | |||||
| Financialliabilities | 0 | 0 |
Otherchanges:nilDuringthereportperiod,whetherthecompany’smainassetmeasurementattributeschangedsignificantlyornot
□Yes√No
4.Limitedassetrightsasoftheendofthereportperiod
Unit:RMB
| Item | Closingbookvalue | Limitedreason |
| Monetaryfunds | 20,057,007 | Restrictedcirculationofdeposits,freezes,etc |
| Notesreceivable | 701,846,825 | Limitationofpledge |
| Fixedassets | 95,994,423 | Limitedfinancialleasing |
| ConstructionInProgress | 25,571,588 | Limitedfinancialleasing |
| Total | 843,469,843 |
VI.Investmentanalysis
1.Overallsituation
√Applicable□Notapplicable
| Investmentinthereportperiod(RMB) | Investmentinthesameperiodoflastyear(RMB) | Changerange |
| 1,735,645,765 | 3,850,076,802 | -54.92% |
2.Themajorequityinvestmentobtainedinthereportperiod
□Applicable√Notapplicable
3.Themajorongoingnon-equityinvestmentinthereportperiod
√Applicable□Notapplicable
Unit:RMB
| Projectname | Wayofinvestment | Fixedassetinvestmentornot | Industryinvolved | Amountinvestedduringthereportperiod | Accumulativeamountactuallyinvestedbytheendofthereportperiod | Sourceoffunds | Progressofproject | Expectedrevenue | Accumulativerevenueachievedbytheendofthereportperiod | Reasonsfornotachievingtheplannedprogressandtheexpectedrevenue | Dateofdisclosure(ifapplicable) | Indexofdisclosure(ifapplicable) |
| ZhaoqingCSGHigh-gradeAutomotiveGlassProductionLineProject | Self-built | Yes | Manufacturingindustry | 41,115,387 | 133,691,077 | Ownfundsandloansfromfinancialinstitutions | Theprojectisunderconstruction. | 58,000,000 | Norevenueastheprojectisstillintheconstructionperiod. | 13December2019 | Announcementnumber:2019-077 | |
| AnhuiFengyangLightweight&High-permeabilityPanelforSolarEnergyEquipmentManufacturingBaseProject | Self-built | Yes | Manufacturingindustry | 431,748,265 | 3,016,549,340 | Ownfundsandloansfromfinancialinstitutions | Partoftheprojecthasbeenputintooperation. | 435,660,000 | Partoftheprojectisunderconstruction,threeproductionlineshavebeenputintocommercialoperation,andtherevenuethereofhasbeenreflectedinprofits. | 6March2020 | Announcementnumber:2020-010 | |
| WujiangCSGArchitecturalNewArchitecturalGlassIntelligentManufacturingPlantConstructionProject | Self-built | Yes | Manufacturingindustry | 2,111,163 | 81,281,850 | Ownfundsandloansfromfinancialinstitutions | Theprojectisunderconstruction. | 50,490,000 | Norevenueastheprojectisstillintheconstructionperiod. | 24June2020 | Announcementnumber:2020-051 | |
| Xi’anCSGEnergy-savingGlassProductionLineProject | Self-built | Yes | Manufacturingindustry | 96,583,390 | 138,277,411 | Ownfundsandloansfromfinancialinstitutions | Theprojectisunderconstruction. | 42,220,000 | Norevenueastheprojectisstillintheconstructionperiod. | 7November2020 | Announcementnumber:2020-070 | |
| HebeiPanelGlassUltra-thinElectronicGlassLineConstructionProject | Self-built | Yes | Manufacturingindustry | 31,090,053 | 288,407,666 | Ownfundsandloansfromfinancialinstitutions | Theprojectisunderdebugging. | 46,710,000 | Norevenueastheprojectisstillinthedebuggingperiod. | 27March2021 | Announcementnumber:2021-008 |
| XianningCSG1200T/DPhotovoltaicPackagingMaterialProductionLineProject | Self-built | Yes | Manufacturingindustry | 139,002,442 | 865,998,807 | Ownfundsandloansfromfinancialinstitutions | Theprojecthasbeenputintooperation. | 128,350,000 | Theprojecthasbeencompleted,andtherevenuethereofhasbeenreflectedinprofits. | 27March2021 | Announcementnumber:2021-008 | |
| CSGEastChinaHeadquartersBuilding | Self-built | Yes | Manufacturingindustry | 3,051,188 | 5,787,369 | Ownfundsandloansfromfinancialinstitutions | Theprojectisunderconstruction. | 0 | Theprojectisintheconstructionperiod. | 27August2021 | Announcementnumber:2021-039 | |
| GuangxiBeihaiPhotovoltaicGreenEnergyIndustrialParkProject(PhaseI) | Self-built | Yes | Manufacturingindustry | 165,909,420 | 199,123,173 | Ownfundsandloansfromfinancialinstitutions | Theprojectisunderconstruction. | 557,640,000 | Norevenueastheprojectisstillintheconstructionperiod. | 10September2021 | Announcementnumber:2021-041 | |
| HefeiCSGEnergy-savingGlassIntelligentManufacturingIndustryBaseProject | Self-built | Yes | Manufacturingindustry | 1,196,423 | 3,204,661 | Ownfundsandloansfromfinancialinstitutions | Theprojectisinthepreparatorystage. | 46,660,000 | Norevenueastheprojectisstillinthepreparatoryperiod. | 15October2021 | Announcementnumber:2021-043 | |
| XianningCSGEnergy-savingGlassCo.,Ltd.ProductionLineReconstructionandExpansionConstructionProject | Self-built | Yes | Manufacturingindustry | 20,142,138 | 25,828,636 | Ownfundsandloansfromfinancialinstitutions | Theprojectisunderconstruction. | 27,130,000 | Norevenueastheprojectisstillintheconstructionperiod. | 3December2021 | Announcementnumber:2021-051 | |
| QingyuanCSGPhaseIUpgradingandTechnicalTransformationProject | Self-built | Yes | Manufacturingindustry | 955,796 | 25,250,764 | Ownfundsandloansfromfinancialinstitutions | Theprojectisunderconstruction. | 60,210,000 | Norevenueastheprojectisstillintheconstructionperiod. | 25December2021 | Announcementnumber:2021-053 | |
| DongguanSolarG6/G7LineProcessandEquipmentUpgradingProject | Self-built | Yes | Manufacturingindustry | 46,161,003 | 64,926,603 | Ownfundsandloansfromfinancialinstitutions | Theprojecthasbeencompleted. | 41,560,000 | Theprojecthasbeencompleted,andtherevenuethereofhasbeenreflectedinprofits. | 29March2022 | Announcementnumber:2022-006 | |
| High-puritycrystallinesiliconprojectwithanannualoutputof50,000tonsinHaixiPrefecture,QinghaiProvince | Self-built | Yes | Manufacturingindustry | 200,044,097 | 210,363,106 | Ownfundsandloansfromfinancialinstitutions | Theprojectisunderconstruction | 863,280,000 | Norevenueastheprojectisstillintheconstructionperiod. | 23June2022 | Announcementnumber:2022-024 | |
| XianningFloatNo.2ProductionLine(700tons/day)Technology | Self-built | Yes | Manufacturing | 33,637,313 | 33,637,313 | Ownfundsandloansfrom | Theprojectisunderconstruction | 38,350,000 | Norevenueastheprojectisstillinthe | 9November2022 | Announcementnumber: |
| UpgradeandTransformationProject | industry | financialinstitutions | constructionperiod. | 2022-061 | ||||||||
| AnhuiFengyang37.6MWDistributedPhotovoltaicPowerGenerationProject | Self-built | Yes | Manufacturingindustry | 23,365 | 23,365 | Ownfundsandloansfromfinancialinstitutions | Theprojectisunderconstruction. | 11,000,000 | Norevenueastheprojectisstillintheconstructionperiod. | 9November2022 | Announcementnumber:2022-061 | |
| ChengduFloatThreeSetsofStandbyEnvironmentalProtectionFacilitiesforFlueGasTreatmentConstructionProject | Self-built | Yes | Manufacturingindustry | 13,196,353 | 13,805,346 | Ownfundsandloansfromfinancialinstitutions | Theprojectisunderconstruction. | Norevenueastheprojectisstillintheconstructionperiod. | 9November2022 | Announcementnumber:2022-061 | ||
| Total | -- | -- | -- | 1,225,967,796 | 5,106,156,487 | -- | -- | 2,407,260,000 | -- | -- | -- | -- |
4.Financialassetsinvestment
(1)Securitiesinvestment
□Applicable√NotapplicableTherewasnosecuritiesinvestmentduringthereportperiod.
(2)Derivativeinvestment
□Applicable√NotapplicableTherewasnoderivativeinvestmentduringthereportperiod.
5.Useofraisedfund
□Applicable√NotapplicableTherewasnouseofraisedfundduringthereportperiod.VII.Saleofmajorassetsandequity
1.Saleofmajorassets
□Applicable√NotapplicableTheCompanydidnotsellmajorassetsduringthereportingperiod.
2.Saleofmajorequity
□Applicable√NotapplicableVIII.Analysisofmainsubsidiariesandjoint-stockcompanies
√Applicable□NotapplicableParticularaboutmainsubsidiariesandjoint-stockcompanieswhichhaveinfluenceontheCompany'snetprofitbyover10%
Unit:RMB
| Nameofcompany | Type | Mainbusiness | Registeredcapital | Totalassets | Netassets | Operatingincome | Operatingprofit | Netprofit |
| YichangCSGPolysiliconCo.,Ltd. | Subsidiary | Productionandsalesofhigh-puritysiliconmaterialproducts | 1,467.98million | 2,163,960,606 | 1,393,388,763 | 1,106,518,200 | 343,197,467 | 332,743,734 |
| AnhuiCSGNewEnergyMaterialTechnologyCo.,Ltd. | Subsidiary | Productionandsalesofvariousspecialglass | 1,450million | 4,717,556,767 | 1,487,068,609 | 1,328,780,623 | 70,649,003 | 56,617,322 |
| ChengduCSGGlassCo.,Ltd. | Subsidiary | Development,manufactureandsalesofvariousspecialglass | 260million | 883,495,542 | 468,092,373 | 622,681,284 | 71,335,463 | 60,570,944 |
| WujiangCSGGlassCo.,Ltd. | Subsidiary | Manufactureandsalesofvariousspecialglass | 565.04million | 1,701,492,950 | 836,402,267 | 937,803,854 | 65,636,263 | 55,890,194 |
| DongguanCSGArchitecturalGlassCo.,Ltd. | Subsidiary | Deepprocessingofglass | 240million | 1,017,190,441 | 546,990,813 | 529,368,852 | 73,114,325 | 63,100,414 |
Particularsaboutsubsidiariesobtainedordisposedinreportperiod
□Applicable√NotapplicableDescriptionofmainholdingandshareholdingcompaniesYichangCSGPolysiliconCo.,Ltd.sawanincreaseinproductsalesandayear-on-yearincreaseinperformance;AnhuiCSGNewEnergyMaterialTechnologyCo.,Ltd.'snewproductionlineshadbeenputintooperation,anditsperformanceincreasedyear-on-year;ChengduCSGGlassCo.,Ltd.'sperformancedecreasedyear-on-yearduetotheimpactofdecreasedproductpricesandrisingpriceofrawmaterialsandfuels;WujiangCSGGlassCo.,Ltd.sawanincreaseinproductsalesandrevenueyear-on-yearbutitsprofitsdecreasedyear-on-yearaffectedbythedecreaseinproductpricesandtheincreaseinpriceofrawmaterialsandfuels;DongguanCSGArchitecturalGlassCo.,Ltd.sawayear-on-yearincreaseinperformanceduetotheoptimizationofproductstructureandtheimprovementofoperationallevel.
IX.StructuredmainbodiescontrolledbytheCompany
□Applicable√Notapplicable
X.RiskstheCompanyfacesandcountermeasuresIn2023,inthefaceofsevereinternationalanddomesticpoliticalandeconomicdevelopmentandthetaskofbuildinga“CenturyCSG”,theCompanywillfacethefollowingrisksandchallenges:
①Theinternationalpoliticalenvironmentstillfacesmanyuncertainties.Affectedbythecomplicatedinternationalpoliticalenvironment,domesticeconomystillfacesmanychallengesanduncertainties.In2023,theCompanywillcontinuetostrengthenitsattentiontothemarket,timelyadjustoperationstrategyaccordingtomarketchanges,andstrivetoachievetheannualcoreworkobjectivesthroughsteadyoperation.
②Theglassbusinessfacesfiercecompetitionamongsimilarproducts,andpressurefromrisingpriceofrawmaterialsandfuelssuchasheavyalkaliandnaturalgasandincreasinglyhighlabourcost;thephotovoltaicglassbusinessfacestheriskthatthepricegamebetweentheupstreamsiliconmaterials,siliconwafersandcellsofphotovoltaicmodulesmayaffectthemarketdemandforphotovoltaicglass,andtheexcessivelyrapidcapacityexpansionmayleadtophasedovercapacity;thefloatglassbusinessfacesthepressureofademandslowdowninthedownstreamarchitecturalglassmarket;theelectronicglassbusinessfacesfiercecompetitionamongdomesticsimilarproducts,oversupplyinthedomesticmarketasaresultoffellowmanufacturers’vastproductionramp-up,fallingproductprices,andincreasinginventory,andalso,theelectronicglassanddisplaybusinessfacestheriskofacceleratedmaterialtechnologyupgradeduetothecontinuousrapiditerativeupgradeoftechnologyrequirementsindownstreamapplicationscenarios;thesolarenergybusinessfacesthechallengeofovercapacityandarapidpricedeclineintheindustrialchain;withthecontinuousreleaseoftheproductioncapacityofhigh-puritycrystallinesilicon,thepricesofhigh-puritycrystallinesiliconregisteradeclinewithincreasinguncertaintiesonthemarket;andasharpdeclineiswitnessedinthepricesofupstreamsiliconmaterialsandthedownstreambusinessisgenerallyunderpressure.Tocopewithaforesaidrisks,theCompanywilltakethefollowingmeasures:
A.Inthephotovoltaicglasssegment,externally,ontopofquicklyrespondingtomarketchangesincombinationwithindustrycharacteristics,theCompanywillpaycloserattentiontothedemand-supplydynamicsofrawmaterials,andtimelyandstrategicallypreparematerialstoreducetheimpactofthepricefluctuationsofrawmaterialsontheCompany’sbusinessperformance.Also,itwilloptimizeitsproductstructureinalignmentofmarketdemand,andcontinuouslypromoteleanmanagementanddifferentiated
operationtofurtherimproveprofitability.Internally,with“stableproduction,qualityimprovementandcostreduction”asthecore,theCompanyisfullycommittedtothestabilityoftheproductionprocessandtheeffectiveimprovementofproductquality,andwillunswervinglyandcontinuouslypromotecostreductionandefficiencyenhancement,soastostrengthenthecorecompetitiveness.B.Inthearchitecturalglasssegment,theCompanywillacceleratethepaceofdigital,networkedandintelligenttransformationofthemanufacturingindustrytoreducetheconsumptionofmanpower,materialsandenergy.TheCompanywillstrengthenthedevelopmentofhigh-endmarketandoverseasmarket,activelyrespondtomarketchanges,continuouslydeepenmarketexploitation,refinemarketlayout,increasetheapplicationofnewproductsandnewtechnologies,improveservicecapability,givefullplaytoquality,technologyandbrandadvantages,andatthesametime,maintaintheadvantageouspositionoftheCompanythroughmarket-orientedextensionofindustrialchain.C.Inthefloatglasssegment,theCompanywillstrengthenitsprofitabilityandcompetitivenessthroughcontinuouslypromotingleanmanagementanddifferentiatedoperation,aswellasoptimizingtheproductmix,etc.D.Intheelectronicglassanddisplaysegment,theCompanywillcontinuetostrengthenCSG’sbrandpresenceforelectronicglass,buildasolidfoundationformedium-andhigh-endproducts,enhancecustomerrecognitionandstabilisethehigh-endmarketshare.Inaddition,itwillfurtherstrengthentheR&Dofnewtechnologies,newproductsandnewapplications,constantlynarrowthegapfrominternationalpeers,maintaintechnicalleadingadvantageinChina,andatthesametime,furtherintensifyeffortstoexplorenewmarketapplications,broadendevelopmentdirectionsintheindustryandexploremoreapplicationsonthemarket.E.Inthesolarenergysegment,theCompanywillstrengthentheintegrationofresourcesacrosstheindustrychain,payattentiontothepricetrend,supply-demandrelationshipandterminaldemandsinupstreamanddownstreamprocurementandsales,increaseR&Dinvestment,strengthenoperationmanagement,andmaintaincorporatecompetitivenessinmarketsegments;keepaneyeonmarketchanges,vigorouslycarryoutcostreductionandefficiencyincreaseactivities,implementenergysavingandconsumptionreductionmeasures,andtimelyupgradeandreplacetheequipmenttoimproveproductionefficiencyandensuretheCompany’sbenefits;expandindustryscaleandincreasemarketsharebyinvestinginnewproductionlines.③Riskoffluctuationofforeignexchangerate:Atpresent,nearly8.27%oftheoperatingrevenueoftheCompanyisfromoverseas,andinthefuture,theCompanywillfurtherdevelopoverseasbusiness.Therefore,thefluctuationofexchangeratewillbringcertainrisktotheoperationoftheCompany.Tocopewithsuchrisk,theCompanywillsettleexchangeinatimelymanner,andusesafeandeffectiveriskevadinginstrumentandproducttorelativelylockexchangerate,thusreducingtheriskcausedbyfluctuationofexchangerate.
SectionIV.CorporateGovernanceI.ParticularsaboutAnnualGeneralShareholders’MeetingandExtraordinaryGeneralShareholders’Meetingheldinthereportperiod
1.ParticularsaboutShareholders'GeneralMeetinginthereportperiod
| Meetingsession | Typeofmeeting | Investorparticipationratio | Dateofthemeeting | Disclosuredate | Disclosureindex |
| TheFirstExtraordinaryGeneralShareholders’Meetingof2023 | ExtraordinaryGeneralShareholders’Meeting | 24.34% | March16,2023 | March17,2023 | AnnouncementonResolutionsoftheFirstExtraordinaryGeneralShareholders’Meetingof2023（AnnouncementNo.:2023-005） |
| AnnualGeneralShareholders’Meetingof2022 | AnnualGeneralShareholders’Meeting | 24.92% | June28,2023 | June29,2023 | AnnouncementonResolutionsofAnnualGeneralShareholders’Meetingof2022（AnnouncementNo.:2023-023） |
2.ExtraordinaryGeneralShareholders’Meetingwhichisrequestedtoconvenebythepreferredshareholderswhohaveresumedthevotingright
□Applicable√Notapplicable
II.Changesindirectors,supervisorsandseniormanagementofthecompany
√Applicable□Notapplicable
| Name | Position | Type | Date | Reason |
| ShenYunqiao | IndependentDirector | Beelected | March16,2023 | Byelectionofindependentdirector |
| ZhuGuilong | IndependentDirector | Leavingoffice | March16,2023 | Resignationvoluntarily |
III.Profitdistributionandconversionofcapitalreservesintoequitycapitalinthereportperiod
□Applicable√NotapplicableTheCompanyhadnoplansofcashdividenddistribution,bonussharesbeingsentorconvertingcapitalreserveintosharecapitalforthefirsthalfoftheyear.
IV.ImplementationoftheCompany’sstockincentiveplan,employeestockownershipplanorotheremployeeincentives
□Applicable√NotapplicableDuringthereportperiod,theCompanyhadnoequityincentiveplan,employeestockownershipplanorotheremployeeincentivemeasuresandtheirimplementation.
SectionV.EnvironmentandSocialResponsibilityI.MajorenvironmentalissuesWhetherthelistedcompanyanditssubsidiariesbelongtothekeypollutantdischargeunitsannouncedbytheenvironmentalprotectiondepartment
√Yes□NoTheCompanyneedstocomplywiththedisclosurerequirementsofnon-metalbuildingmaterialsrelatedindustriesin"ShenzhenStockExchangeListedCompaniesSelf-disciplineSupervisionGuideNo.3-IndustryInformationDisclosure".EnvironmentalprotectionrelatedpoliciesandindustrystandardsTheCompanyimplementedtheEnvironmentalProtectionLawofthePeople’sRepublicofChina,theLawofthePeople’sRepublicofChinaonthePreventionandControlofAirPollution,theLawofthePeople’sRepublicofChinaonthePreventionandControlofWaterPollution,theLawofthePeople’sRepublicofChinaonthePreventionandControlofNoisePollution,theEnvironmentalProtectionTaxLawofthePeople’sRepublicofChinaandotherrelevantenvironmentalprotectionlawsandregulations,andimplementedtheEmissionStandardofAirPollutantsforFlatGlassIndustry,EmissionStandardofAirPollutantsforElectronicGlassIndustry,EmissionStandardofAirPollutantsforGlassIndustry,theIntegratedEmissionStandardofAirPollutants,theSewageIntegratedEmissionStandards,theEnvironmentalNoiseEmissionStandardsattheBoundaryofIndustrialEnterprisesandothernational,industryandlocalpollutantdischargestandards.AdministrativelicenseforenvironmentalprotectionTheconstructionprojectsofeachsubsidiarycarriedoutenvironmentalimpactassessmentworkandobtainEIAapprovalinstrictaccordancewiththerequirementsoftheEnvironmentImpactAssessmentLawofthePeople’sRepublicofChinaandtheCatalogueofClassifiedManagementofEnvironmentalImpactAssessmentofConstructionProjects.Duringtheconstructionoftheproject,theconstructionofpollutionpreventionandcontrolfacilitiesshallbecarriedoutinstrictaccordancewiththerequirementsoftheproject“ThreeSimultaneous”andputintoproductionanduseatthesametimeasthemainproject.Duringthetrialproductionperiod,theinspectionandacceptanceshallbeorganizedinaccordancewiththerelevantregulationsonenvironmentalprotectionacceptanceofthecompletionoftheconstructionprojectinordertoensurethattheconstructionprojectcompletestheinspectionandacceptanceworkbeforeitisofficiallyputintooperation.Allsubsidiarieshaveobtainedthepollutantdischargepermitwithinthevalidityperiod,andregularlysubmittedtheimplementationreportofpollutantdischargepermit.Industryemissionstandardsandspecificconditionsofpollutantemissioninvolvedinproductionandoperationactivities
| Nameofcompanyorsubsidiary | Typeofmainpollutantsandcharacteristicpollutants | Nameofmainpollutantsandcharacteristicpollutants | Wayofemission | Numberofexhaustvent | Exhaustventdistribution | Emissionconcentration/intensity | Emissionstandardofpollutants | Totalemission | Approvedtotalemission | Excessiveemission |
| XianningCSGGlassCo.,Ltd. | Airpollutants | Dust | Continuous/intermittent | 44 | Productionplantarea | ≤30mg/m? | EmissionStandardofAirPollutantsforFlatGlass | Particulates：8.84t | Particulates：130.413t/a | N/A |
| Soot | ≤25mg/m? | |||||||||
| SO2 | ≤200mg/m? | 99.77t | 923.399t/a |
| NOx | ≤350mg/m? | Industry(GB26453-2011) | 152.53t | 1508.643t/a | ||||||
| ChengduCSGGlassCo.,Ltd. | Airpollutants | Dust | Continuous/intermittent | 18 | Productionplantarea | ≤20mg/m? | EmissionStandardofAirPollutantsforFlatGlassIndustry(GB26453-2011) | Particulates:7.53t | Particulates:142.114t/a | N/A |
| Soot | ≤20mg/m? | |||||||||
| SO2 | ≤200mg/m? | 34.1t | 1136.917t/a | |||||||
| NOx | ≤350mg/m? | 153.63t | 1989.609t/a | |||||||
| HebeiCSGGlassCo.,Ltd. | Airpollutants | Dust | Continuous/intermittent | 16 | Productionplantarea | ≤10mg/m? | UltraLowEmissionStandardofAirPollutantsforFlatGlassIndustry(DB13/2168-2020) | Particulates:2.17459t | Particulates:19.92t/a | N/A |
| Soot | ≤10mg/m? | |||||||||
| SO2 | ≤50mg/m? | 13.8857t | 99.63t/a | |||||||
| NOx | ≤200mg/m? | 61.3618t | 398.55t/a | |||||||
| WujiangCSGGlassCo.,Ltd. | Airpollutants | Dust | Continuous/intermittent | 39 | Productionplantarea | ≤15mg/m? | EmissionStandardofAirPollutantsforFlatGlassIndustry(GB26453-2011) | Particulates:5.39t | Particulates:76.91t/a | N/A |
| Soot | ≤15mg/m? | |||||||||
| SO2 | ≤50mg/m? | 35.81t | 238.28t/a | |||||||
| NOx | ≤150mg/m? | 206.28t | 818.04t/a | |||||||
| DongguanCSGSolarGlassCo.,Ltd. | Airpollutants | Dust | Continuous/intermittent | 22 | Productionplantarea | ≤20mg/m? | EmissionStandardofAirPollutantsforFlatGlassIndustry（DB44-2159-2019） | Particulates:3.35t | Particulates:34.85t/a | N/A |
| Soot | ≤30mg/m? | |||||||||
| SO2 | ≤400mg/m? | 65.64t | 300.99t/a | |||||||
| NOx | ≤550mg/m? | 162.97t | 535.67t/a | |||||||
| HebeiPanelGlassCo.,Ltd. | Airpollutants | Dust | Continuous/intermittent | 9 | Productionplantarea | ≤30mg/m? | EmissionStandardofAirPollutantsforElectronicGlassIndustry(GB29495-2013) | Particulates:0.219t | Particulates:8.2125t/a | N/A |
| Soot | ≤10mg/m? | |||||||||
| SO2 | ≤50mg/m? | 0.578t | 22t/a | |||||||
| NOx | ≤200mg/m? | 8.038t | 39.4t/a | |||||||
| XianningCSGPhotovoltaicGlassCo.,Ltd. | Airpollutants | Dust | Continuous/intermittent | 6 | Productionplantarea | ≤20mg/m? | EmissionStandardofAirPollutantsforElectronicGlassIndustry（GB29495-2013） | Particulates:1.05t | Particulates:17.656t/a | N/A |
| Soot | ≤15mg/m? | |||||||||
| SO2 | ≤10mg/m? | 0.0868t | 65.6t/a | |||||||
| NOx | ≤330mg/m? | 30.211t | 163.81t/a | |||||||
| DongguanCSGArchitecturalGlassCo.,Ltd. | Waterpollutants | pH | Intermittent | 1 | Sewagevent | 6~9 | GuangdongProvinceWaterPollutantEmissionLimit（DB44/26-2001） | / | / | N/A |
| COD | 5mg/L | 0.648t | 5.4t/a | |||||||
| Ammonianitrogen | 0.424mg/L | 0.008136t | 0.196t/a | |||||||
| TianjinCSGEnergy-SavingGlassCo.,Ltd. | Waterpollutants | pH | Intermittent | 2 | Sewagevent | 6~9 | SewageIntegratedEmissionStandards(Level3StandardDB12/356-2018) | / | / | N/A |
| COD | 16mg/L | 4.87115t | 500t/a | |||||||
| Ammonianitrogen | 0.178mg/L | 0.696998t | 45t/a | |||||||
| WujiangCSGEastChina | Waterpollutants | pH | Intermittent | 1 | Sewagevent | 6~9 | SewageIntegratedEmission | / | / | N/A |
| COD | ≤500mg/L | 3.9t | 40.59t/a |
| ArchitecturalGlassCo.,Ltd. | Ammonianitrogen | ≤45mg/L | Standards(GB8978-1996) | 0.385t | 1.0044t/a | |||||
| DongguanCSGPV-techCo.,Ltd. | Waterpollutants | COD | Intermittent | 20 | Sewagevent:Productionplantarea | ≤70mg/L | GuangdongProvinceWaterPollutantEmissionLimit(DB44/26-2001) | 0.72t | 2.44t/a | N/A |
| NOx | ≤30mg/m3 | PollutantEmissionStandardforBatteryIndustry(GB30484-2013) | 0.58t | 33.15t/a | ||||||
| Airpollutants | VOCs | VOCs≤30mg/m? | VOCEmissionStandardforFurnitureManufacturingIndustry(DB44/814-2010) | 0.67t | 1.93t/a | |||||
| YichangCSGPolysiliconCo.,Ltd. | Waterpollutants | COD | Intermittent | 18 | Sewagevent:Productionplantarea | ≤70mg/L | SewageIntegratedEmissionStandards(GB8978-1996),IntegratedEmissionStandardofAirPollutants(GB16297-1996) | 15.467t | 375.17t/a | N/A |
| pH | 6~9 | / | / | |||||||
| Airpollutants | NOx | ≤240mg/m3 | 0.655t | 38.28t/a | ||||||
| Particulates | ≤240mg/m3 | 2.697t | 32.724t/a |
TreatmentofpollutantsAllsubsidiarieshavebuiltpollutionpreventionandcontrolfacilitiesinaccordancewiththeenvironmentalimpactassessmentdocumentsofconstructionprojectsandrelevantspecifications,andadoptedairpollutioncontrolprocesssuchaselectrostaticprecipitator+SCRdenitrification+semi-drydesulfurization+bagdustremoval,ceramicfiltercartridgedesulfurization,denitrificationanddustremovalintegration,bagdustremovalandwatertreatmentprocesssuchasneutralization+precipitation,fluidizedbed,andbiologicaloxidation,forwhichthetechnologiesusedwereallinlinewiththerequirementsofthe“GuidelinesforFeasibleTechnologiesforPollutionPreventionandControlinGlassManufacturingIndustry”andotherdocuments.Inthefirsthalfof2023,thepollutioncontrolfacilitieswereingoodoperationandthepollutantsweredischargedstablyuptothestandard.Theairpollutantemissionconcentrationsofmostofthesubsidiarieswerelowerthan50%oftheemissionstandardandenjoyedthepreferentialpolicyofhalvingenvironmentaltax.Thepollutantemissionsofmanysubsidiariesreachedandimplementedlocalultra-lowemissionstandards.EmergencyresponseplansystemofenvironmentincidentInaccordancewiththenationalrequirements,allsubsidiariespreparedenvironmentalemergencyresponseplans,organizedexpertevaluationandfiledwiththelocalenvironmentalprotectiondepartmentasrequired,andconductedtheemergencydrillagainstenvironmentalemergencyasplanned.Nomajorenvironmentalemergenciesoccurredinthefirsthalfof2023.Investmentinenvironmentalgovernanceandprotectionandpaymentofenvironmentalprotectiontax
Allsubsidiarieshavebuiltpollutioncontrolfacilitiesinaccordancewiththerequirementsofenvironmentalimpactassessment,andmaintainedthestableoperationofthesefacilitiestoensuretheirsimultaneousoperationwithproductionequipment.Considerableenergyandfundsareinvestedinpollutioncontroleveryyeartoensurethestabledischargeofpollutantsuptothestandard,andreducepollutionemissionasmuchaspossible.Manysubsidiarieshavereachedultra-lowemissionstandards.AllsubsidiarieshavemaderegularemissiondeclarationsandpaidenvironmentaltaxestothelocaltaxauthoritiesinfullandontimeinaccordancewiththerequirementsoftheEnvironmentalProtectionTaxLaw.Environmentalself-monitoringschemeThesubsidiarieshavebuiltandoperatedon-linemonitoringdevicesforwastewaterandexhaustgasinaccordancewithnationallawsandregulations,environmentalimpactassessmentdocumentsofconstructionprojectsandtherequirementsoftheirreplies,regularlycarriedoutcomparisonandreviewoftheeffectivenessofon-linemonitoringfacilities,andentrustedathird-partyunittocarryoutmanualenvironmentalmonitoringtocomprehensivelymonitorthepollutantdischarge.Themonitoringfrequencyisimplementedinaccordancewithrelevantmonitoringtechnicalguidelinesorpollutantdischargepermits.AdministrativepenaltiescausedbyenvironmentalprotectionissuesduringthereportperiodNilOtherenvironmentalinformationthatshouldbedisclosedNilMeasurestakentoreducecarbonemissionsduringthereportperiodandtheireffects?Applicable□NotapplicableTheCompanyhascontinuouslystrengthenedthecomprehensiveutilizationandmanagementofresourcesandenergy,activelyfulfilledthecorporatesocialresponsibility,takenvariousmeasurestosaveenergyandreducecarbonemissions,makingourowncontributionstothenationalgoalof“CarbonPeaking”and“CarbonNeutrality”.TheGroup’sOperationDepartmenthasspeciallyestablishedanenergymanagementteam,whichwasresponsibleforsupervisingtheenergyconsumptionmanagementofvarioussubsidiaries,andpromotedtheenergyconsumptionperunitproductandcarbonemissionperunitproductoftheGroup’svariousproductstoreachtheadvancedlevelintheindustry.Atpresent,theenergyconsumptionlevelofmostglassmeltingfurnacesintheflatglassbusinessofCSGhasreachedtheadvancedlevelstipulatedbythenationalstandard.Atthesametime,CSGhasalwayspaidattentiontotheutilizationofwasteheatinflatglassfactories,andeachproductionbasehasbuiltwasteheatboilersandwasteheatpowerstations;CSGhasalsobeenactivelydevelopingphotovoltaicpowerplants,mostofwhichhavephotovoltaicpowerstationsontheroofsoffactories.Inthefirsthalfof2023,CSGGroup’swasteheatpowergenerationandphotovoltaicpowergenerationtotalledabout240millionkWh,equivalenttoreducingcarbondioxideemissionsbymorethan140,000tons.OtherrelevantenvironmentalprotectioninformationNilEnvironmentalincidentsinthelistedcompanyInthefirsthalfof2023,noenvironmentalincidentsoccurred.
II.SocialresponsibilityInthefirsthalfof2023,theCompanyfocusedonthefollowingtasksinfulfillingitssocialresponsibilities:
1.Preventandeliminateoccupationalhazardsandprotectemployees'healthCSGalwaysadherestotheconceptof"SafetyFirst,EnvironmentalProtectionFirstandGreenDevelopment",TheGroup'sSafetyandEnvironmentalProtectionDepartmentcoordinatessafetyandenvironmentalprotectionmanagementwork,establishestheGroup'sthree-levelcontrolsystemofsafety,environment.Inthefirsthalfof2022,theCompanyhasacompletesafetymanagementstructureandsafetymanagementsystem,strictlyimplementsthesafetyproductionresponsibilitysystemofallemployees,andallemployeeshavesignedthesafetyproductionresponsibilitystatement.TheCompanyattachesgreatimportancetothesafetytrainingofemployees,strictlystrengthensthethree-levelsafetyeducationandtrainingofnewemployeesandthecontinuingeducationofoldemployees,andorganizesvariousspecialtrainingaccordingtothecharacteristicsofemployees'poststoimprovetheirsafetyliteracyandsafetyskills.Themanagementofspecialequipmentandspecialoperationsshallbestrictlycarriedout,andspecialoperatorsshallworkwithcertificates.Specialoperationscanonlybecarriedoutafterapprovalandconfirmationofsafetymeasures.Regularlycarryoutemergencydrills,strengthentheconstructionofemergencyresponsecapabilities,improveemergencyresponsecapabilities,eliminatehiddendangersinthebud,andresolutelydefendthelastlineofdefense.Eachsubsidiaryhasestablishedasystemfortheextractionanduseofproductionsafetyexpenses,whichisstrictlyinaccordancewiththerequirementsofrelevantlawsandregulationstoextractandstandardizetheuseofproductionsafetyexpenses.TheCompanyhasalsocarriedoutvarioushiddendangersinvestigationoftheheadquartersandsubsidiaries,acceptedthesupervisionandinspectionoflocalemergencymanagementdepartments,andorganizedtherectificationandimprovementofvarioushiddendangers.Inaddition,theCompanyattachesgreatimportancetothestandardizationconstructionandoperationofsafetymanagement.AsoftheendofJune2023,CSGhasobtainedsafetystandardizationcertificatesfor18subsidiaries,ofwhich6subsidiarieshavereachedthesecondlevelofsafetyproductionstandardization,12subsidiarieshavereachedthethirdlevelofsafetyproductionstandardization,andafewothersubsidiariesarealsoactivelycreatingandapplying.
2.ProtecttheenvironmentandpromotesustainabledevelopmentAsofthefirsthalfof2023,6subsidiariesofCSGhavebeenratedasnational-level"GreenFactories".TheCompanycontinuestostrengthenthecomprehensiveutilizationandmanagementofresourcesandenergy,takesvariousmeasurestosaveenergy,reduceemissionsandreducecarbon,andmakescontributionstotheCountry'sgoalof"Carbonpeaking"and"Carbonneutrality".TheGroup'sOperationDepartmentTheGroupOperationDepartmenthasspeciallyestablishedanenergymanagementteam,whichisresponsibleforsupervisingtheenergyconsumptionmanagementofvarioussubsidiaries,andpromotestheenergyconsumptionperunitproductandcarbonemissionperunitproductoftheGroup'svariousproductstoreachtheadvancedlevelintheindustry.Atpresent,theenergyconsumptionlevelofmostglassmeltingfurnacesintheflatglassbusinessofCSGhasreachedtheadvancedlevelstipulatedbythenationalstandard.ThesubsidiariesWujiangCSGandXianningCSGhavebeensuccessivelyratedbytheMinistryofIndustryandInformationTechnologyas"leaders"inenergyefficiencyintheflatglassindustry.HebeiCSGisdesignatedbytheMinistryofIndustryandInformationTechnologyastheadvancedbenchmark"TestField"ofCarbonPeak.Atthesametime,CSGhasalwayspaidattentiontotheutilizationofwasteheatinflatglassfactories,andeachproductionbasehasbuiltwasteheatboilersandwasteheatpowerplants;CSGisalsoactivelydevelopingphotovoltaicpowerplants,mostofwhichhavephotovoltaicpowerplantsontheroofsoffactories.Inthefirsthalfof2023,theGroup'swasteheatpowergenerationandphotovoltaicpowergenerationtotaledabout240millionkWh,equivalenttoreducingcarbondioxideemissionsbymorethan140,000tons.ThesubsidiarycompaniesoftheGroupallconstructpollutionpreventionandcontrolfacilitiesinaccordancewiththeenvironmentalimpactassessmentdocumentsandrelevantspecificationsofconstructionprojects,ensuringsynchronousoperationwithproductionfacilities,andinvestingalargeamountofenergyandfundsinpollutionpreventionandcontroleveryyear.Inthefirsthalfof2023,theoperationofpollutioncontrolfacilitieswasgood,andthedischargeofpollutantswasstableanduptostandard.Theairpollutant
emissionconcentrationsofmostofthesubsidiarieswerelowerthan50%oftheemissionstandardandenjoyedthepreferentialpolicyofhalvingenvironmentaltax.Thepollutantemissionsofmanysubsidiariesreachedandimplementedlocalultra-lowemissionstandards.Meanwhile,thesubsidiariesbuiltandoperatedon-linemonitoringdevicesforwastewaterandexhaustgasinaccordancewithnationallawsandregulations,environmentalimpactassessmentdocumentsofconstructionprojectsandtherequirementsoftheirreplies,regularlycarriedoutcomparisonandreviewoftheeffectivenessofon-linemonitoringfacilities,andentrustedathird-partyunittocarryoutmanualenvironmentalmonitoringtocomprehensivelymonitorthepollutantdischarge.Themonitoringfrequencywasimplementedinaccordancewithrelevantmonitoringtechnicalguidelinesorpollutantdischargepermits.Inaddition,inaccordancewiththenationalrequirements,allsubsidiariespreparedemergencyenvironmentalresponseplanforenvironmentincident,organizedandcarriedoutexpertevaluationandfiledwiththelocalenvironmentalprotectiondepartmentasrequired,andconductedtheemergencydrillagainstenvironmentalincidentsasplanned.Andtherewerenomajorenvironmentalincidentsoccurredinthefirsthalfof2023.
3.ParticipateinpublicwelfareundertakingsandfulfillsocialresponsibilitiesTheCompanyactivelyparticipatesinsocialwelfareactivities,organizesemployeestovoluntarilyparticipateinvoluntaryblooddonation,supportscommunityepidemicpreventionandanti-epidemicwork,etc.,andfulfillscorporatesocialresponsibility.Inthefirsthalfof2023,theCompanydonatedoverRMB200,000infundsandmaterialstovarioussectorsofsocietyforcharitableandpublicwelfareactivitiessuchastheRedCrossandtheSocialWelfareInstitute.
4.Adheretoindependentresearchanddevelopmenttoprovidebetterenergy-savingproductsTheCompanyhasalwaysadheredtothebusinessstrategyofindependentresearchanddevelopmentandinnovationleading.Inthefirsthalfof2023,theCompanypubliclyannounced238patentsforthefirsttime,including139authorizedpatentsand99publicinventionapplications.AsofJune30,2023,theCompanyhadappliedforatotalof2,904patents,including1,204inventions,1,687utilitymodelpatents,and13designs;atotalof2,116authorizedpatents,including424inventions,1,679utilitymodels,and13designs,gatheringthewisdomofCSG’speopletoimprovetheindustrialscienceandtechnology.
5.ProtecttherightsandinterestsofshareholdersandcreditorsTheCompanymaintainsstableoperation.Inthefirsthalfof2023,theCompanyachievedarevenueof8.389billionyuan,ayear-on-yearincreaseof29%,andrealizedanetprofitof0.882billionyuan,ayear-on-yeardecreaseof13%.Thenetprofitattributabletoshareholdersofthelistedcompanywas0.889billionyuan,ayear-on-yeardecreaseof11%.TheCompany'sequitydistributionof2022hadbeencompleted,andtheactualcashdividendamount(includingtax)wasRMB460,603,816,accountingfor22.61%ofthenetprofitattributabletoshareholdersoflistedcompanyin2022,withcontinuingreturntoshareholders.Intermsofcreditorprotection,theCompanyimplementedaprudentfinancialpolicy,andalldueloanswererepaidontime,whichprotectedthelegitimaterightsandinterestsofcreditors.
6.StrengthenwelfaresecurityandprotectthelegitimaterightsandinterestsofemployeesTheCompanyinsistsonstandardizingtheemploymentbehavior,strictlyimplementsthenationalandlocalsocialsecuritymechanism,andpurchasesfiveinsurancesandonefundandothercomprehensivewelfareinsuranceforemployees.Ithasafairandunimpededpostpromotionsystemandbroadenthedevelopmentchannelsofemployees.Itestablishesandimplementsastatutoryleavesystemforemployees,andemployeesenjoyvariousstatutoryholidaysandotherpaidholidaysstipulatedbythestate.Itactivelyorganizesvariousemployeeculturalandsportsactivities,andemployeesalsoenjoybenefitssuchasemployeecanteens,employeephysicalexaminations,subsidiesandotherbenefits.Itstrengthensoccupationalhealthmonitoringandmanagementtoensurethephysicalandmentalhealthofemployees.Itcaresforemployeesinneed.Inthefirsthalfof2023,theCompanyprovidednearlyRMB100,000inassistancetoemployeesandtheirfamilies,providingcollectivewarmthwhenemployeesencounteredpersonaldifficulties.
7.SocialhonorrecognitionWhileadheringtoouroriginalintentionandgivingbacktosociety,theCompanyanditsproductshavereceivedrecognitionfromallsectorsofsociety.Innearly40yearssinceitsestablishment,theCompany'sproductshavebeenwidelyusedinmanymajorandimportantplace.TheCompany'sTriplesilvercoatedglass(IceKirinseries)hasbeenawardedthe"GreenBuildingEnergy-saving
RecommendedProductCertificate"and"EngineeringConstructionRecommendedProductCertificate"duetoitsexcellentproductquality.ItisrecommendedforuseinthefieldofengineeringconstructionandhasbeenloggedintotheprimetimeofCCTVchannel.Meanwhile,thesubsidiaryDongguanSolarhasobtainedthefirstUL2809certificateandCEsafetycertificationinthedomesticfloatglassindustry.TheCompanyhasalsobeenselectedasoneofthe"Top10PreferredBrandsfor2022RealEstateStrategicProcurement"and"Top10PreferredBrandsfor2022China'sLowCarbonBuildingEnergyEfficientGlassProcurement",andhasbeenawardedhonorarytitlessuchas"Top50BuildingMaterialsinChina"and"PreferredBrandforBuildingGlass"formanyconsecutiveyears.Ithaswonpraisefromallwalksoflifeforitshigh-qualityproductsandservices.
SectionVI.ImportantEventsI.Commitmentscompletedbytheactualcontrollers,theshareholders,therelatedparties,thepurchasersandtheCompanyduringthereportperiodandthosethathadn’tbeencompletedexecutionbytheendofthereportperiod
□Applicable√NotapplicableDuringthereportperiod,therewerenocommitmentsmadebytheCompany'sactualcontroller,shareholders,relatedparties,acquirers,theCompanyandotherrelevantpartiesthathadbeenfulfilledwithinthereportperiodandhadnotbeenfulfilledwithinthetimelimitbytheendofthereportperiod.II.Particularsaboutnon-operatingfundoflistedcompanyoccupiedbycontrollingshareholderandotherrelatedparties
□Applicable√NotapplicableDuringthereportperiod,therewasnoanynon-operatingfundoflistedcompanyoccupiedbycontrollingshareholderandotherrelatedparties.III.Illegalexternalguarantee
□Applicable√NotapplicableDuringthereportperiod,therewasnoillegalexternalguarantee.IV.Engaginganddismissingofaccountingfirm
Whetherthesemi-annualreporthasbeenauditedornot
□Yes√NoThesemi-annualreportoftheCompanyhasnotbeenaudited.V.ExplanationfromBoardofDirectorsandSupervisoryCommitteefor“Non-standardauditreport”oftheperiodthatissuedbyaccountingfirm
□Applicable√Notapplicable
VI.ExplanationfromBoardofDirectorsfor“Non-standardauditreport”ofthepreviousyear
□Applicable√Notapplicable
VII.Issuesrelatedtobankruptcyandreorganization
□Applicable√Notapplicable
VIII.LawsuitsSignificantlawsuitsandarbitrations
√Applicable□Notapplicable
| Basicinformation | Amountinvolved(RMB0,000) | Recognisedasestimatedliabilitiesornot | Progress | Resultandimpact | Judgementexecution | Dateofdisclosure | Indexofdisclosure |
| Plaintiff:ZhongshanRuntianInvestmentCo.,Ltd.Defendant:CSGHoldingCo.,Ltd.Caseoverview:TheplaintifffiledalawsuitwiththecourttoconfirmtheresolutionsoftheGeneralMeetingofShareholdersasinvalid. | 0 | No | Thefirstinstancejudgmenthadbeenpassed.TheplaintiffappealedNote. | ThefirstinstancejudgmentrejectedthelawsuitrequestoftheplaintiffZhongshanRuntianInvestmentCo.,Ltd. | Notapplicable | 1October2022 | AnnouncementsonCompanyInvolvedLawsuitsonhttp://www.cninfo.com.cn(AnnouncementNo.:2022-056) |
| 12August2023 | AnnouncementontheProgressofCompaniesInvolvingLitigationonhttp://www.cninfo.com.cn(AnnouncementNo.:2023-026) | ||||||
| 25August2023 | AnnouncementontheProgressofCompaniesInvolvingLitigationonhttp://www.cninfo.com.cn(AnnouncementNo.:2023-027) |
Note:Asofthedateofdisclosureofthisreport,theCompanyhasnotreceivedthecourt'sacceptance,response,evidenceandrelatedlitigationnotices.Otherlawsuits
□Applicable√NotapplicableIX.Penaltyandrectification
□Applicable√NotapplicableX.IntegrityoftheCompanyanditscontrollingshareholdersandactualcontrollers
√Applicable□NotapplicableTheCompanyhasnocontrollingshareholderandactualcontroller.Accordingtothedisclosurerequirements,theCompany’slargestshareholderForeseaLifeInsuranceCo.,Ltd.,shareholderZhongshanRuntianInvestmentCo.,Ltd.,shareholderChengtaiGroupCo.,Ltd.andShareholderShenzhenGuanlongLogisticsCo.,Ltd.shalldisclosethecorrespondinginformation.Thedetailsareasfollows:
i.IntegrityoftheCompanyDuringthereportperiod,itdidnotexistthattheCompanyfailedtoperformtheeffectivejudgmentofthecourtorowedcomparativelylargeamountofdebtwhichwasoverdue.TheCompany’sintegritywasgood.ii.TheintegrityoftheCompany’sshareholders
1.AccordingtothereplyoftheCompany’slargestshareholder,ForeseaLifeInsuranceCo.,Ltd.:AsofJune30,2023,itdidnotexistthatForeseaLifeInsuranceCo.,Ltd.failedtoperformtheeffectivejudgmentofthecourtorowedcomparativelylargeamountofdebtwhichwasoverdue.
2.AccordingtothereplyoftheshareholderZhongshanRuntianInvestmentCo.,Ltd.,theoriginalcontentisasfollows:
AsofJune30,2023,thecasesexecutedbyZhongshanRuntianInvestmentCo.,Ltd.(hereinafterreferredtoas“ZhongshanRuntian”)areasfollows:
(1)Duetothecaseofexecutionofnotarisingcreditor’srightsdocumentsbetweenGreatWallGuoxingFinancialLeasingCo.,Ltd.and16companiesincludingShenzhenShumYipLogisticsGroupCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,BaonengRealEstateCo.,Ltd.andZhongshanRuntianInvestmentCo.,Ltd.,GreatWallGuoxingFinancialLeasingCo.,Ltd.appliedtothecourtforcompulsoryexecution.AstheguarantorofthedebtofRMB164million,ZhongshanRuntianwasjointlyandseverallyliableforthedebt,andits5.57millionsharesofJonjeeHigh-techwereusedascollateral.Atpresent,GreatWallGuoxingFinancialLeasingCo.,Ltd.hasappliedforcompulsoryexecutionandhasfrozen5.57millionsharesofJonjeeHigh-tech.
(2)Duetothecaseofnotarisingcreditor’srightsdocumentsbetweenChongqingXinyuFinancialLeasingCo.,Ltd.andthedefendantsShenzhenBaonengInvestmentGroupCo.,Ltd.,ShenzhenBaonengAutomobileCo.,Ltd.,andZhongshanRuntian,ChongqingXinyuFinancialLeasingCo.,Ltd.appliedtothecourtforcompulsoryexecution.AstheguarantorofthedebtofRMB260million,ZhongshanRuntianusedits67.65millionAsharesofCSGascollateral.Asof29June2022,ithasdisposedof55,628,900AsharesofCSG,withatotalamountofRMB319,999,300.
(3)Duetothecaseofnotarisingcreditor’srightsdocumentsbetweenGuangdongFinanceTrustCo.,Ltd.andZhongshanRuntian,ShenzhenJushenghuaCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,BaonengHoldings(China)Co.,Ltd.,andMr.YaoZhenhua,FinanceTrustappliedtothecourtforcompulsoryexecution.The26,550,000sharesofJonjeeHigh-techheldbyZhongshanRuntianInvestmentCo.,Ltd.havebeensoldon13September2022,andtheamountcreditedintotheaccountwasRMB793,755,369.22,whichwasapproximatelyRMB90milliondifferentfromthedebtamountofRMB882,199,570.79submittedtothecourtbytheexecutionapplicant.Asaresult,thecaseremainedunsettled.
(4)DuetothedisputeoverthefinancialloancontractbetweenAVICTrustCo.,Ltd.andZhongshanRuntian,ZhongshanRuntian,astheborrowerofthedebtprincipalofRMB1.05billion,andHefeiBaohuiRealEstateCo.,Ltd.,HefeiBaonengRealEstateDevelopmentCo.,Ltd.,ShenzhenJushenghuaCo.,Ltd.,ShenzhenShumYipLogisticsGroupCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,ChiaTai(Shenzhen)DevelopmentCo.,Ltd.andMr.YaoZhenhuawerejointlyandseverallyliableforthedebt.AsofJune30,2023,ithasdisposedatotalof10.182015millionsharesofJonjeeHigh-tech;amongthem,thefirstroundoffreezingof2.125605millionsharesbyAVICTrustCo.,Ltd.andthejudicialmarkof8.05641millionshares.
(5)Duetothecaseofexecutionofnotarisingcreditor’srightsdocumentsbetweenChongqingInternationalTrustCo.,Ltd.andShenzhenJushenghuaCo.,Ltd.,ZhongshanRuntian,ShenzhenBaonengInvestmentGroupCo.,Ltd.andMr.YaoZhenhua,thecourtruledtosealupandfreezethepropertyofRMB541millionofJushenghua,BaonengGroupandYaoZhenhua,andtofreezethe22millionsharesofJonjeeHigh-techpledgedbyZhongshanRuntiantoChongqingTrust.Atpresent,ChongqingTrusthasappliedforcompulsoryexecution.Asof2February2023,ithasdisposedof21,025,100sharesofJonjeeHigh-tech,withatotalamountofRMB617,383,579.06.
(6)DuetothecaseoftheloancontractdisputebetweenZhongshanRuntianandShanghaiPudongDevelopmentBankCo.,Ltd.,thePeople’sCourtofFutianDistrict,ShenzhenhasissuedanExecutionRuling,rulingthat12millionsharesheldbyZhongshanRuntianin“JonjeeHigh-tech”,theentitysubjecttoenforcement,shallbeauctionedoffandrealisedforthepurposeofsettlingthedebt.Asthebidderfailedtopaythefinalpaymentwithintheprescribedtime,accordingtotheNotificationofSalefromthePeople’sCourtof
FutianDistrict,Shenzhenissuedon16February2023,theaforesaid12millionshareswouldbere-auctioned.On22March2023,ShanghaiPudongDevelopmentBankCo.,Ltd.disposedofthe12millionsharesheldbyZhongshanRuntianin“JonjeeHigh-tech”bywayofajudicialauction.
(7)DuetothecaseoftheloancontractdisputebetweenZhongshanRuntianandChongqingTrustInc.,ShenzhenIntermediatePeople’sCourthasissuedanexecutionnotificationdemandingthedisposalof22millionsharesheldbyZhongshanRuntianin“JonjeeHigh-tech”atarealisedprice.On17January2023,ChongqingTrustdisposedofatotalof5.7millionsharesheldbyZhongshanRuntianbywayofblocktrading.
(8)DuetothecaseoftheloancontractdisputebetweenZhongshanRuntianandBankofCommunicationsFinancialLeasingCo.,Ltd.,theIntermediatePeople’sCourtofZhongshanCity,GuangdongProvincehasissuedanexecutionrulingtoauctionoff8,329,457sharesheldbyZhongshanRuntianin“JonjeeHigh-tech”.On11May2023,BankofCommunicationsFinancialLeasingCo.,Ltd.disposedofthe8,329,457sharesheldbyZhongshanRuntianin“JonjeeHigh-tech”bywayofajudicialauction.
(9)DuetothecaseoftheloancontractdisputebetweenZhongshanRuntianandBohaiTrust,theIntermediatePeople’sCourtofZhongshanCity,GuangdongProvincehasissuedanExecutionRuling,rulingthemandatoryrealisationof13.7millionsharesheldbytheentitysubjecttoenforcement,ZhongshanRuntian,in“JonjeeHigh-tech”.From25to26May2023,BohaiTrustdisposedofatotalof12,444,353sharesheldbyZhongshanRuntianin“JonjeeHigh-tech”bywayofblocktrading.AsofJune30,2023,thedetailsofZhongshanRuntian’scomparativelylargeamountofdebtwhichwasoverdueareasfollows:
| Serialnumber | Borrower | Financialinstitution | Loanamount(RMB0,000) | Creditenhancementplan | Startdateofloan | Maturitydateofloan |
| 1 | ZhongshanRuntianInvestmentCo.,Ltd. | EssenceSecurities | 4,239.28 | Guarantee+Pledge | 2018/12/27 | 2021/12/26 |
| 2 | ZhongshanRuntianInvestmentCo.,Ltd. | AVICTrust | 105,000.00 | Guarantee+Pledge | 2019/9/25 | 2021/10/31 |
| 3 | ZhongshanRuntianInvestmentCo.,Ltd. | BaotaiHonghuaInvestment | 90,500.00 | Guarantee | 2021/3/15 | 2021/12/31 |
| Total | 199,739.28 |
AsofJune30,2023,Mr.YaoZhenhua’spersonalexecutioncasesareasfollows:
(1)Duetothecaseofdisputeovernotarisingcreditor’srightsdocumentsbetweenPingAnTrustCo.,Ltd.andShaoxingBaoruiRealEstateCo.,Ltd.,BaonengCityCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,BaonengRealEstateCo.,Ltd.,ShanghaiKaiyueInvestmentCo.,Ltd.andMr.YaoZhenhua,whichwasappliedforcompulsoryexecutionbyPingAnTrust,Mr.YaoZhenhuawasjointlyandseverallyliablefortheprincipalandinterestofthedebtofRMB420million.
(2)DuetothetrustloandisputebetweentheNationalTrustandShenzhenXinaoTradingCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,Mr.YaoZhenhuaandotherssignedrelevantguaranteecontracts,orderingShenzhenXinaoTradingCo.,Ltd.torepaytheloanprincipalofRMB290millionandrelatedinterestandlawsuitcosts.ShenzhenBaonengInvestmentGroupCo.,Ltd.,Mr.YaoZhenhuaandotherswerejointlyandseverallyliableforthedebt.
(3)DuetothefinancialborrowingbetweenZhongrongInternationalTrustCo.,Ltd.andBaonengAutomobileCo.,Ltd.,itappliedtotheBeijingThirdIntermediatePeople’sCourtforcompulsoryexecutionfornotarisationonthematter.SinceMr.YaoZhenhuaprovidedaguaranteeforthisloanbusinessandsignedtherelevantnotariseddocuments,hewasjointlyandseverallyliableforthedebtofRMB1048million.
(4)AsKunlunTrustCo.,Ltd.appliedtothecourtforcompulsoryexecutionofthenotarisingcreditor’srightsdocumentswithShumYipLogisticsGroupCo.,Ltd.,BaonengCenturyCo.,Ltd.,ChiaTai(Shenzhen)DevelopmentCo.,Ltd.,ShenzhenBaoneng
InvestmentGroupCo.,Ltd.,BaonengHoldings(China)Co.,Ltd.,andMr.YaoZhenhua,Mr.YaoZhenhuaassumedjointandseveralguaranteeliabilitiesforthedebtofRMB1.31billion.
(5)Duetothecaseofnotarisingcreditor’srightsdocumentsbetweenGuangzhouXinhuaCityDevelopmentIndustryInvestmentEnterprise(LimitedPartnership)andthedefendantsShenzhenBaonengInvestmentGroupCo.,Ltd.,ShenzhenJushenghuaCo.,Ltd.andMr.YaoZhenhua,Mr.YaoZhenhua,astheguarantor,signedtherelevantnotarialdocumentsandassumedjointandseveralliabilitiesfortheprincipalandinterestofthecreditor’srightsofRMB600million.
(6)DuetothedisputeovertheloancontractbetweenFuzhouBranchofXiamenInternationalBankCo.,Ltd.andShenzhenJushenghuaCo.,Ltd.,FuzhouBranchofXiamenInternationalBankCo.,Ltd.appliedtoShenzhenIntermediatePeople’sCourtforcompulsoryexecution.Mr.YaoZhenhua,astheguarantoroftheloanprincipalofRMB2.16billion,signedthecorrespondingGuaranteeContractandassumedjointandseveralliabilitiesforthedebt.
(7)DuetothefinancialloandisputebetweenGuangdongFinanceTrustCo.,Ltd.andZhongshanRuntian,GuangdongFinanceTrustCo.,Ltd.appliedtoShenzhenIntermediatePeople’sCourtforcompulsoryexecution.Mr.YaoZhenhua,astheguarantoroftheloan,signedthecorrespondingGuaranteeContractandwasjointlyandseverallyliableforthedebtofRMB720million.
(8)DuetothefinancialdebtdisputebetweenChinaRailwayTrustCo.,Ltd.andBaonengAutomobileGroupCo.,Ltd.andKunmingBaojunRealEstateCo.,Ltd.,itappliedtoChengduIntermediatePeople’sCourtofSichuanProvinceforcompulsoryexecution.Astheguarantorofthedebt,Mr.YaoZhenhuasignedthecorrespondingGuaranteeContractandwasjointlyandseverallyliableforthedebtofRMB2,063million.
(9)DuetothefinancialdebtdisputebetweenChinaRailwayTrustCo.,Ltd.andBaonengAutomobileGroupCo.,Ltd.andKunmingJianpengRealEstateDevelopmentCo.,Ltd.,itappliedtoChengduIntermediatePeople’sCourtofSichuanProvinceforcompulsoryexecution.Mr.YaoZhenhua,astheguarantorofthedebt,signedthecorrespondingGuaranteeContractandwasjointlyandseverallyliableforthedebtofRMB836million.
(10)Duetothecaseofnotarisingcreditor’srightsdocumentsbetweenChanganInternationalTrustCo.,Ltd.andShenzhenBaonengInvestmentGroupCo.,Ltd.,WuxiBaonengRealEstateCo.,Ltd.,BaonengHoldings(China)Co.,Ltd.,ShenzhenJushenghuaCo.,Ltd.,andMr.YaoZhenhua,ChanganTrustappliedforcompulsoryexecution.Mr.YaoZhenhua,astheguarantorofthedebt,wasjointlyandseverallyliableforthedebtofRMB925million.
(11)Duetothecaseofnotarisingcreditor’srightsdocumentsbetweenChanganInternationalTrustCo.,Ltd.andShenzhenBaonengInvestmentGroupCo.,Ltd.,WuxiBaonengRealEstateCo.,Ltd.,BaonengHoldings(China)Co.,Ltd.,ShenzhenJushenghuaCo.,Ltd.,andMr.YaoZhenhua,ChanganTrustappliedforcompulsoryexecution.Mr.YaoZhenhua,astheguarantorofthedebt,wasjointlyandseverallyliableforthedebtofRMB1,117million.
(12)Duetothecaseofnotarisingcreditor’srightsdocumentsbetweenChinaMinshengTrustCo.,Ltd.andthedefendantsShenzhenBaonengInvestmentGroupCo.,Ltd.,HefeiBaohuiRealEstateCo.,Ltd.,ShenzhenBaonengEnterpriseManagementCo.,Ltd.,AnhuiBaonengLandCo.,Ltd.,andMr.YaoZhenhua,MinshengTrustappliedforcompulsoryexecution.Astheguarantorofthedebt,Mr.YaoZhenhuawasjointlyandseverallyliableforthedebtofRMB4,207million.
(13)Duetothecaseofnotarisingcreditor’srightsdocumentsbetweenShanghaiAijianTrustCo.,Ltd.andShenzhenShumYipLogisticsGroupCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,ChiaTai(Shenzhen)DevelopmentCo.,Ltd.,HefeiBaohuiRealEstateCo.,Ltd.,HefeiBaonengRealEstateDevelopmentCo.,Ltd.,ShenzhenJushenghuaCo.,Ltd.,andMr.YaoZhenhua,AijianTrustappliedtothecourtforcompulsoryexecution.Astheguarantorofthedebt,Mr.YaoZhenhuawasjointlyandseverallyliableforthedebtofRMB417million.
(14)DuetothedisputeovertheloancontractwithBaonengAutomobileGroupCo.,Ltd.,ChongqingInternationalTrustappliedtothecourtforcompulsoryexecution,andMr.YaoZhenhua,astheguarantorofthedebt,wasjointlyandseverallyliableforthedebtofRMB2,186million.
(15)Duetothecaseofnotarisingcreditor’srightsdocumentsbetweenChinaMinshengTrustCo.,Ltd.andShenzhenShumYipLogisticsGroupCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,ShenzhenJushenghuaCo.,Ltd.,andMr.YaoZhenhua,MinshengTrustappliedtothecourtforcompulsoryexecution,andMr.YaoZhenhua,astheguarantorofthedebt,wasjointlyandseverallyliableforthedebtofRMB496million.
(16)DuetothecaseofChinaMinshengTrustCo.,Ltd.,ShenzhenShumYipLogisticsGroupCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,ShenzhenJushenghuaCo.,Ltd.andMr.YaoZhenhua,MinshengTrustappliedtothecourtforcompulsoryexecution,andMr.YaoZhenhua,astheguarantorofthedebt,wasjointlyandseverallyliableforthedebtofRMB2,238million.
(17)DuetothefinancialloancontractdisputebetweenAVICTrustCo.,Ltd.andShenzhenLingdaoAutoLifeServiceCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,ShenzhenJushenghuaCo.,Ltd.,ShenzhenShumYipLogisticsGroupCo.,Ltd.,TengchongBaonengRealEstateCo.,Ltd.,ZhejiangJintianRealEstateDevelopmentCo.,Ltd.,TengchongBeihaiWetlandEcotourismInvestmentCo.,Ltd.,andMr.YaoZhenhua,AVICTrustappliedtothecourtforcompulsoryexecution,andMr.YaoZhenhua,astheguarantorofthedebt,wasjointlyandseverallyliableforthedebtofRMB984million.
(18)DuetothefinancialloancontractdisputebetweenAVICTrustCo.,Ltd.andShenzhenShumYipLogisticsGroupCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,ShenzhenJushenghuaCo.,Ltd.,BaonengRealEstateCo.,Ltd.,andWuhuBaonengRealEstateCo.,Ltd.,BaonengCityCo.,Ltd.,TengchongBeihaiWetlandEco-TourismInvestmentCo.,Ltd.,andMr.YaoZhenhua,AVICTrustappliedtothecourtforexecution.Mr.YaoZhenhua,astheguarantorofthedebt,wasjointlyandseverallyliableforthedebtofRMB563million.
(19)DuetotheloancontractdisputebetweenShenzhenBranchofPingAnBankCo.,Ltd.andShenzhenShumYipLogisticsGroupCo.,Ltd.,ShenzhenJushenghuaCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,BaonengRealEstateCo.,Ltd.,ShenzhenFirstSpaceOperationManagementCo.,Ltd.,Mr.YaoZhenhuaandBaonengCityCo.,Ltd.,ShenzhenBranchappliedtothecourtforexecution.Mr.YaoZhenhua,astheguarantorofthedebt,wasjointlyandseverallyliableforthedebtofRMB3,433million.
(20)DuetotheexecutionoflawsuitcostsoftheloancontractdisputebetweenShenzhenBranchofPingAnBankCo.,Ltd.andBaonengCityCo.,Ltd.,BaonengRealEstateCo.,Ltd.,BaonengHoldings(China)Co.,Ltd.,Mr.YaoZhenhuaandShenzhenLiujinInvestmentCo.,Ltd.,theHigherPeople’sCourtofGuangdongProvinceappointedShenzhenIntermediatePeople’sCourtofGuangdongProvincetoexecutethecase.Mr.YaoZhenhua,astheguarantoroftheloancontractdispute,wasjointlyandseverallyliableforthelawsuitcostsofRMB13,920,800arisingfromtheloancontractdispute.
(21)DuetotheloancontractdisputebetweenShenzhenBranchofPingAnBankCo.,Ltd.andBaonengCityCo.,Ltd.,BaonengRealEstateCo.,Ltd.,BaonengHoldings(China)Co.,Ltd.,Mr.YaoZhenhuaandShenzhenLiujinInvestmentCo.,Ltd.,ShenzhenBranchofPingAnBankCo.,Ltd.appliedtothecourtforexecution.Mr.YaoZhenhua,astheguarantorofthedebt,wasjointlyandseverallyliableforthedebtofRMB5,562million.
(22)Duetothecaseofexecutionofnotarisingcreditor’srightsdocumentsbetweenChongqingInternationalTrustCo.,Ltd.andShenzhenJushenghuaCo.,Ltd.,ZhongshanRuntian,ShenzhenBaonengInvestmentGroupCo.,Ltd.,andMr.YaoZhenhua,ChongqingInternationalTrustCo.,Ltd.ChongqingInternationalTrustCo.,Ltd.appliedtothecourtforexecution,andMr.YaoZhenhua,astheguarantorofthedebt,wasjointlyandseverallyliableforthedebtofRMB541million.
(23)DuetothecasethatTibetBankCo.,Ltd.suedLhasaBaochuangAutomobileSalesCo.,Ltd.,Mr.YaoZhenhua,ShenzhenBaonengInvestmentGroupCo.,Ltd.,ShenzhenJushenghuaCo.,Ltd.,andShenzhenShumYipLogisticsGroupCo.,Ltd.werejointlyandseverallyliableforthelawsuitcostsoftheloancontractdispute,whichwasexecutedbytheLhasaIntermediatePeople’sCourtoftheTibetAutonomousRegion,Mr.YaoZhenhua,astheguarantoroftheloancontractdispute,wasjointlyandseverallyliableforthelawsuitcostsofRMB4,186,700arisingfromtheloancontractdispute.
(24)DuetothecasethatTibetBankCo.,Ltd.suedLhasaBaochuangAutomobileSalesCo.,Ltd.,Mr.YaoZhenhua,ShenzhenBaonengInvestmentGroupCo.,Ltd.,ShenzhenJushenghuaCo.,Ltd.andShenzhenShumYipLogisticsGroupCo.,Ltd.werejointlyandseverallyliableforthedebtsarisingfromtheloancontractdisputeandwereexecutedbyLhasaIntermediatePeople’sCourtoftheTibetAutonomousRegion.Mr.YaoZhenhua,astheguarantoroftheloancontractdispute,wasjointlyandseverallyliableforthedebtofRMB829millionarisingfromtheloancontractdispute,whichhasbeenpaidoff.
(25)DuetothecasethatChongqingInternationalTrustCo.,Ltd.suedBaonengAutomobileGroupCo.,Ltd.,NanjingBaonengUrbanDevelopmentCo.,Ltd.,ShenzhenBaonengInvestmentGroupCo.,Ltd.,BaonengHoldings(China)Co.,Ltd.andYaoZhenhua,astheguarantorofthedebt,Mr.YaoZhenhuawasexecutedbytheChongqingNo.5IntermediatePeople’sCourt,andhewasjointlyandseverallyliableforthedebtofRMB2,121million.Mr.YaoZhenhuahadnodebtwithcomparativelylargeamountthathadnotbeenpaidwhendue.
3.AccordingtothereplyoftheshareholderChengtaiGroupCo.,Ltd.:AsofJune30,2023,ChengtaiGroupCo.,Ltd.hasnotreceivedrelevantinformationonsharefreezingandlawsuit,andithadnodebtwithcomparativelylargeamountthathadnotbeenpaidwhendue.
4.AccordingtothereplyoftheshareholderShenzhenGuanlongLogisticsCo.,Ltd.:AsofJune30,2023,ShenzhenGuanlongLogisticsCo.,Ltd.hasnotreceivedrelevantinformationonsharefreezingandlawsuit,andithadnodebtwithcomparativelylargeamountthathadnotbeenpaidwhendue.
XI.Majorrelatedtransaction
1.Relatedtransactionwithroutineoperationconcerned
□Applicable√Notapplicable
2.Relatedtransactionwithacquisitionofassetsorequity,salesofassetsorequityconcerned
□Applicable√Notapplicable
3.Relatedtransactionwithjointlyexternalinvestmentconcerned
□Applicable√Notapplicable
4.Creditsandliabilitieswithrelatedparties
□Applicable√Notapplicable
5.Transactionswithrelatedfinancialcompanies
□Applicable√Notapplicable
6.Transactionswithfinancialcompaniescontrolledbythecompany
□Applicable√Notapplicable
7.Othermajorrelatedtransaction
□Applicable√NotapplicableXII.Significantcontractsandtheirimplementation
1.Trusteeship,contractandleasing
(1)Trusteeship
□Applicable√Notapplicable
(2)Contract
□Applicable√Notapplicable
(3)Leasing
□Applicable√Notapplicable
2.Majorguarantees
√Applicable□Notapplicable
Unit:RMB0,000
| ExternalguaranteesoftheCompanyanditssubsidiaries(excludingtheguaranteesforsubsidiaries) | ||||||||||
| Nameofguaranteeobject | Dateofdisclosureofrelatedannouncementonguaranteeamount | Guaranteeamount | Actualdateofguarantee | Actualamountofguarantee | Guaranteetype | Collateral(ifany) | Counterguaranteecircumstance(ifany) | Guarantyperiod | Completeimplementationornot | Guaranteeforrelatedpartyornot |
| Totalamountofapprovedexternalguaranteesduringthereportperiod(A1) | 0 | Totalactualamountofexternalguaranteesduringthereportperiod(A2) | 0 | |||||||
| Totalamountofapprovedexternalguaranteesattheendofthereportperiod(A3) | 0 | Totalbalanceofactualexternalguaranteesattheendofthereportperiod(A4) | 0 | |||||||
| GuaranteesoftheCompanyforitssubsidiaries | ||||||||||
| Nameofguaranteeobject | Dateofdisclosureofrelatedannouncementonguaranteeamount | Guaranteeamount | Actualdateofguarantee | Actualamountofguarantee | Guaranteetype | Collateral(ifany) | Counterguaranteecircumstance(ifany) | Guarantyperiod | Completeimplementationornot | Guaranteeforrelatedpartyornot |
| XianningCSGPhotovoltaicGlassCo.,Ltd. | 25April2022 | 6,000 | 26May2022 | 2,374 | Jointliabilityguarantee | None | None | 1year | No | No |
| XianningCSGPhotovoltaicGlassCo.,Ltd. | 25April2022 | 5,000 | 25November2022 | 221 | Jointliabilityguarantee | None | None | 1year | No | No |
| XianningCSGPhotovoltaicGlassCo.,Ltd. | 25April2022 | 3,500 | 9March2023 | 3,500 | Jointliabilityguarantee | None | None | 1year | No | No |
| XianningCSGEnergy-SavingGlassCo.,Ltd. | 26April2023 | 5,000 | 10July2023 | 1,990 | Jointliabilityguarantee | None | None | 1year | No | No |
| XianningCSGEnergy-SavingGlassCo.,Ltd. | 25April2022 | 8,600 | 17March2023 | 736 | Jointliabilityguarantee | None | None | 5years | No | No |
| XianningCSGEnergy-SavingGlassCo.,Ltd. | 26April2023 | 5,000 | 9May2023 | 2,500 | Jointliabilityguarantee | None | None | 1year | No | No |
| YichangCSGPhotovoltaicGlassCo.,Ltd. | 25April2022 | 1,800 | 15March2023 | 800 | Jointliabilityguarantee | None | None | 1year | No | No |
| YichangCSGPhotovoltaicGlassCo.,Ltd. | 25April2022 | 608 | 4July2022 | 600 | Jointliabilityguarantee | None | None | 1year | No | No |
| YichangCSGPhotovoltaicGlassCo.,Ltd. | 25April2022 | 600 | 16August2022 | 600 | Jointliabilityguarantee | None | None | 2years | No | No |
| YichangCSGPhotovoltaicGlassCo.,Ltd. | 10August2021 | 1,824 | 17December2021 | 1,000 | Jointliabilityguarantee | None | None | 1year | Yes | No |
| DongguanCSGPV-techCo.,Ltd. | 10August2021 | 3,000 | 29November2021 | 2,957 | Jointliabilityguarantee | None | None | 1year | Yes | No |
| HebeiPanelGlassCo.,Ltd. | 25April2022 | 5,000 | 8June2022 | 500 | Jointliabilityguarantee | None | None | 1year | No | No |
| HebeiPanelGlassCo.,Ltd. | 25April2022 | 2,500 | 16May2022 | 0 | Jointliabilityguarantee | None | None | 3years | No | No |
| HebeiPanelGlassCo.,Ltd. | 30October2021 | 16,500 | 17December2021 | 11,358 | Jointliabilityguarantee | None | None | 5years | No | No |
| HebeiCSGGlassCo.,Ltd. | 26April2023 | 3,000 | 8May2023 | 67 | Jointliabilityguarantee | None | None | 1year | No | No |
| HebeiCSGGlassCo.,Ltd. | 26April2023 | 16,000 | 5June2023 | 3,088 | Jointliabilityguarantee | None | None | 1year | No | No |
| HebeiCSGGlassCo.,Ltd. | 25April2022 | 2,500 | 16May2022 | 0 | Jointliabilityguarantee | None | None | 3years | No | No |
| DongguanCSGArchitecturalGlassCo.,Ltd. | 29June2021 | 5,000 | 13September2021 | 0 | Jointliabilityguarantee | None | None | 2years | No | No |
| DongguanCSGArchitecturalGlassCo.,Ltd. | 25April2022 | 10,000 | 6January2023 | 4,000 | Jointliabilityguarantee | None | None | 1year | No | No |
| XianningCSGGlassCo.,Ltd. | 26April2023 | 7,000 | 14July2023 | 6,410 | Jointliabilityguarantee | None | None | 1year | No | No |
| XianningCSGGlassCo.,Ltd. | 25December2021 | 15,000 | 25March2022 | 10,530 | Jointliabilityguarantee | None | None | 7years | No | No |
| XianningCSGGlassCo.,Ltd. | 26April2023 | 50,000 | 2June2023 | 26,130 | Jointliabilityguarantee | None | None | 7years | No | No |
| XianningCSGGlassCo.,Ltd. | 26April2023 | 20,000 | 2June2023 | 4,721 | Jointliabilityguarantee | None | None | 1year | No | No |
| XianningCSGGlassCo.,Ltd. | 26April2023 | 12,000 | 9June2023 | 745 | Jointliabilityguarantee | None | None | 5years | No | No |
| XianningCSGGlassCo.,Ltd. | 29June2021 | 20,000 | 7July2021 | 14,890 | Jointliabilityguarantee | None | None | 5years | No | No |
| ChengduCSGGlassCo.,Ltd. | 25December2021 | 5,000 | 17February2022 | 3,000 | Jointliabilityguarantee | None | None | 1year | Yes | No |
| ChengduCSGGlassCo.,Ltd. | 25April2022 | 10,000 | 16November2022 | 1,000 | Jointliabilityguarantee | None | None | 1year | No | No |
| ChengduCSGGlassCo.,Ltd. | 25April2022 | 5,000 | 25November2022 | 100 | Jointliabilityguarantee | None | None | 1year | No | No |
| ChengduCSGGlassCo.,Ltd. | 25April2022 | 5,000 | 25November2022 | 0 | Jointliabilityguarantee | None | None | 3years | No | No |
| SichuanCSGEnergyConservationGlassCo.,Ltd. | 25December2021 | 8,000 | 15April2022 | 4,200 | Jointliabilityguarantee | None | None | 1year | Yes | No |
| SichuanCSGEnergyConservationGlassCo.,Ltd. | 26April2023 | 12,000 | 19June2023 | 8,000 | Jointliabilityguarantee | None | None | 1year | No | No |
| WujiangCSGGlassCo.,Ltd. | 19February2021 | 10,000 | 12March2021 | 7,770 | Jointliabilityguarantee | None | None | 4years | No | No |
| WujiangCSGGlassCo.,Ltd. | 25April2022 | 10,000 | 7February2023 | 5,780 | Jointliabilityguarantee | None | None | 1year | No | No |
| WujiangCSGGlassCo.,Ltd. | 25April2022 | 5,000 | 28February2023 | 2,143 | Jointliabilityguarantee | None | None | 1year | No | No |
| WujiangCSGGlassCo.,Ltd. | 25April2022 | 6,000 | 20April2023 | 0 | Jointliabilityguarantee | None | None | 1year | No | No |
| WujiangCSGEastChinaArchitecturalGlassCo.,Ltd. | 25April2022 | 3,000 | 7March2023 | 0 | Jointliabilityguarantee | None | None | 1year | No | No |
| WujiangCSGEastChinaArchitecturalGlassCo.,Ltd. | 25April2022 | 10,000 | 7February2023 | 3,000 | Jointliabilityguarantee | None | None | 1year | No | No |
| WujiangCSGEastChinaArchitecturalGlassCo.,Ltd. | 25April2022 | 12,400 | 26May2022 | 3,566 | Jointliabilityguarantee | None | None | 5years | No | No |
| WujiangCSGEastChinaArchitecturalGlassCo.,Ltd. | 25April2022 | 6,000 | 20April2023 | 0 | Jointliabilityguarantee | None | None | 1year | No | No |
| WujiangCSGEastChinaArchitecturalGlassCo.,Ltd. | 25April2022 | 5,000 | 23April2023 | 1,908 | Jointliabilityguarantee | None | None | 1year | No | No |
| DongguanCSGSolarGlassCo.,Ltd. | 25April2022 | 5,000 | 21July2022 | 4,999 | Jointliabilityguarantee | None | None | 1year | No | No |
| DongguanCSGSolarGlassCo.,Ltd. | 25April2022 | 4,000 | 21July2022 | 1,379 | Jointliabilityguarantee | None | None | 5years | No | No |
| DongguanCSGSolarGlassCo.,Ltd. | 26April2023 | 33,000 | 30June2023 | 2,715 | Jointliabilityguarantee | None | None | 1year | No | No |
| DongguanCSGSolarGlassCo.,Ltd. | 25April2022 | 8,000 | 7June2022 | 0 | Jointliabilityguarantee | None | None | 1year | Yes | No |
| DongguanCSGSolarGlassCo.,Ltd. | 25April2022 | 9,000 | 31May2022 | 5,090 | Jointliabilityguarantee | None | None | 4years | No | No |
| DongguanCSGSolarGlassCo.,Ltd. | 25April2022 | 6,000 | 11August2022 | 0 | Jointliabilityguarantee | None | None | 1year | No | No |
| QingyuanCSGEnergy-SavingNewMaterialsCo.,Ltd. | 25April2022 | 6,330 | 18October2022 | 230 | Jointliabilityguarantee | None | None | 1year | No | No |
| QingyuanCSGEnergy-SavingNewMaterialsCo.,Ltd. | 25April2022 | 10,000 | 6January2023 | 1,000 | Jointliabilityguarantee | None | None | 1year | No | No |
| QingyuanCSGEnergy-SavingNewMaterialsCo.,Ltd. | 25December2021 | 5,000 | 2December2022 | 100 | Jointliabilityguarantee | None | None | 1year | No | No |
| QingyuanCSGEnergy-SavingNewMaterialsCo.,Ltd. | 25April2022 | 37,400 | 4August2022 | 0 | Jointliabilityguarantee | None | None | 5years | No | No |
| QingyuanCSGEnergy-SavingNewMaterialsCo.,Ltd. | 25April2022 | 10,000 | 24April2023 | 4,230 | Jointliabilityguarantee | None | None | 1year | No | No |
| YichangCSGDisplayCo.,Ltd. | 25April2022 | 1,800 | 15March2023 | 640 | Jointliabilityguarantee | None | None | 1year | No | No |
| YichangCSGDisplayCo.,Ltd. | 25April2022 | 600 | 24February2023 | 600 | Jointliabilityguarantee | None | None | 1year | No | No |
| YichangCSGDisplayCo.,Ltd. | 25April2022 | 3,000 | 24June2022 | 2,700 | Jointliabilityguarantee | None | None | 1year | No | No |
| TianjinCSGEnergy-SavingGlassCo.,Ltd. | 25April2022 | 3,000 | 9March2023 | 2,732 | Jointliabilityguarantee | None | None | 1year | No | No |
| TianjinCSGEnergy-SavingGlassCo.,Ltd. | 25April2022 | 5,000 | 21June2022 | 3,680 | Jointliabilityguarantee | None | None | 1year | No | No |
| TianjinCSGEnergy-SavingGlassCo.,Ltd. | 19February2021 | 7,000 | 23March2021 | 5,171 | Jointliabilityguarantee | None | None | 4years | No | No |
| TianjinCSGEnergy-SavingGlassCo.,Ltd. | 29June2021 | 2,000 | 26November2021 | 1,124 | Jointliabilityguarantee | None | None | 1year | Yes | No |
| AnhuiCSGNewEnergyMaterialTechnologyCo.,Ltd. | 10August2021 | 70,000 | 19October2021 | 45,102 | Jointliabilityguarantee | None | None | 6years | No | No |
| AnhuiCSGNewEnergyMaterialTechnologyCo.,Ltd. | 10August2021 | 180,000 | 28August2021 | 117,717 | Jointliabilityguarantee | None | None | 7years | No | No |
| AnhuiCSGNewEnergyMaterialTechnologyCo.,Ltd. | 25April2022 | 35,000 | 5July2022 | 26,150 | Jointliabilityguarantee | None | None | 3years | No | No |
| AnhuiCSGNewEnergyMaterialTechnologyCo.,Ltd. | 25April2022 | 20,000 | 6February2023 | 7,400 | Jointliabilityguarantee | None | None | 3years | No | No |
| AnhuiCSGNewEnergyMaterialTechnologyCo.,Ltd. | 26April2023 | 30,000 | 10May2023 | 4,011 | Jointliabilityguarantee | None | None | 1year | No | No |
| AnhuiCSGNewEnergyMaterialTechnologyCo.,Ltd. | 25December2021 | 50,000 | 30March2022 | 25,795 | Jointliabilityguarantee | None | None | 9years | No | No |
| AnhuiCSGSiliconValleyMingduMiningDevelopmentCo.,Ltd. | 25April2022 | 24,000 | 21July2022 | 24,000 | Jointliabilityguarantee | None | None | 10years | No | No |
| AnhuiCSGQuartzMaterialsCo.,Ltd. | 29June2021 | 9,000 | 13September2021 | 6,696 | Jointliabilityguarantee | None | None | 5years | No | No |
| GuangxiCSGNewEnergyMaterialsTechCo.,Ltd. | 25April2022 | 30,000 | 11June2022 | 11,000 | Jointliabilityguarantee | None | None | 3years | No | No |
| GuangxiCSGNewEnergyMaterialsTechCo.,Ltd. | 25April2022 | 50,000 | 26July2022 | 2,000 | Jointliabilityguarantee | None | None | 8years | No | No |
| GuangxiCSGNew | 25April2022 | 80,000 | 26July2022 | 15,021 | Joint | None | None | 8years | No | No |
| EnergyMaterialsTechCo.,Ltd. | liabilityguarantee | |||||||||
| Xi'anCSGEnergySavingGlassTechnologyCo.,Ltd. | 25April2022 | 34,400 | 27March2023 | 7,770 | Jointliabilityguarantee | None | None | 7years | No | No |
| ZhaoqingCSGNewEnergyTechnologyCo.,Ltd. | 25April2022 | 1,530 | 6April2023 | 1,300 | Jointliabilityguarantee | None | None | 7years | No | No |
| AnhuiCSGPhotovoltaicEnergyCo.,Ltd. | 26April2023 | 10,040 | 27April2023 | 0 | Jointliabilityguarantee | None | None | 7years | No | No |
| ZhanjiangCSGNewEnergyCo.,Ltd. | 25April2022 | 1,000 | 28March2023 | 1,000 | Jointliabilityguarantee | None | None | 5years | No | No |
| ZhaoqingCSGEnergy-SavingGlassCo.,Ltd. | 25April2022 | 5,000 | 30May2022 | 0 | Jointliabilityguarantee | None | None | 3years | No | No |
| ZhaoqingCSGEnergy-SavingGlassCo.,Ltd. | 22September2020 | 34,000 | 25September2020 | 23,475 | Jointliabilityguarantee | None | None | 5years | No | No |
| DongguanCSGArchitecturalGlassCo.,Ltd. | 25April2022 | 48,000 | 22June2022 | 2,276 | Jointliabilityguarantee | None | None | 1year | No | No |
| DongguanCSGSolarGlassCo.,Ltd. | 25April2022 | 22June2022 | 908 | Jointliabilityguarantee | None | None | 1year | No | No | |
| DongguanCSGPV-techCo.,Ltd. | 25April2022 | 22June2022 | 5,093 | Jointliabilityguarantee | None | None | 1year | No | No | |
| AnhuiCSGNewEnergyMaterialTechnologyCo.,Ltd. | 25April2022 | 22June2022 | 1,518 | Jointliabilityguarantee | None | None | 1year | No | No | |
| WujiangCSGGlassCo.,Ltd. | 25April2022 | 22June2022 | 0 | Jointliabilityguarantee | None | None | 1year | No | No | |
| ChengduCSGGlassCo.,Ltd. | 25April2022 | 22June2022 | 0 | Jointliabilityguarantee | None | None | 1year | No | No | |
| SichuanCSGEnergyConservationGlassCo.,Ltd. | 25April2022 | 22June2022 | 315 | Jointliabilityguarantee | None | None | 1year | No | No | |
| YichangCSGPolysiliconCo.,Ltd. | 25April2022 | 1March2023 | 5,580 | Jointliabilityguarantee | None | None | 1year | No | No | |
| XianningCSGGlassCo.,Ltd. | 25April2022 | 22June2022 | 143 | Jointliabilityguarantee | None | None | 1year | No | No | |
| XianningCSGEnergy-SavingGlassCo.,Ltd. | 25April2022 | 22June2022 | 303 | Jointliabilityguarantee | None | None | 1year | No | No | |
| WujiangCSGEastChinaArchitecturalGlassCo.,Ltd. | 25April2022 | 22June2022 | 2,316 | Jointliabilityguarantee | None | None | 1year | No | No | |
| TianjinCSGEnergy-SavingGlassCo., | 25April2022 | 22June2022 | 390 | Jointliability | None | None | 1year | No | No |
| Ltd. | guarantee | |||||||||
| ZhaoqingCSGEnergy-SavingGlassCo.,Ltd. | 25April2022 | 22August2022 | 2,603 | Jointliabilityguarantee | None | None | 1year | No | No | |
| Totalamountofapprovedguaranteesforsubsidiariesduringthereportperiod(B1) | 203,040 | Totalactualamountofguaranteesforsubsidiariesduringthereportperiod(B2) | 114,496 | |||||||
| Totalamountofapprovedguaranteesforsubsidiariesattheendofthereportperiod(B3) | 1,178,108 | Totalbalanceofactualguaranteesforsubsidiariesattheendofthereportperiod(B4) | 504,175 | |||||||
| Guaranteesofsubsidiariesfortheirsubsidiaries | ||||||||||
| Nameofguaranteeobject | Dateofdisclosureofrelatedannouncementonguaranteeamount | Guaranteeamount | Actualdateofguarantee | Actualamountofguarantee | Guaranteetype | Collateral(ifany) | Counterguaranteecircumstance(ifany) | Guarantyperiod | Completeimplementationornot | Guaranteeforrelatedpartyornot |
| Totalamountofapprovedguaranteesforsubsidiariesduringthereportperiod(C1) | 0 | Totalactualamountofguaranteesforsubsidiariesduringthereportperiod(C2) | 0 | |||||||
| Totalamountofapprovedguaranteesforsubsidiariesattheendofthereportperiod(C3) | 0 | Totalbalanceofactualguaranteesforsubsidiariesattheendofthereportperiod(C4) | 0 | |||||||
| TotalamountoftheCompany’sguarantees(i.e.,thesumofthefirstthreeitems) | ||||||||||
| Totalamountofapprovedguaranteesduringthereportperiod(A1+B1+C1) | 203,040 | Totalactualamountofguaranteesduringthereportperiod(A2+B2+C2) | 114,496 | |||||||
| Totalamountofapprovedguaranteesattheendofthereportperiod(A3+B3+C3) | 1,178,108 | Totalactualbalanceofguaranteesattheendofthereportperiod(A4+B4+C4) | 504,175 | |||||||
| Theproportionoftotalactualamountofguarantees((i.e.,A4+B4+C4)inthenetassetsoftheCompany | 36.66% | |||||||||
| Including: | ||||||||||
| Balanceofguaranteesprovidedforshareholders,actualcontrollersanditsrelatedparties(D) | 0 | |||||||||
| Balanceofdebtguaranteesprovideddirectlyorindirectlyforguaranteedobjectswithanasset-liabilityratioexceeding70%(E) | 55,171 | |||||||||
| Theamountofguaranteesexceeding50%ofthenetassets(F) | 0 | |||||||||
| Totalguaranteeamountoftheabovethreeitems(D+E+F) | 55,171 | |||||||||
| Explanationonguaranteeresponsibilityincurredinthereportperiodorevidenceshowingthedescriptionofthe | Nil | |||||||||
| possiblejointandseveralliabilitiesforrepaymentfortheguaranteecontractsnotyetdue(ifany) | |
| Explanationonprovidingexternalguaranteesinviolationofprescribedprocedures(ifany) | Nil |
Note:1.The2022AnnualGeneralMeetingoftheCompanyreviewedandpassedtheProposalforthe2023GuaranteePlan,andapprovedtheCompanyanditssubsidiariestoprovideguaranteesinatotalamountofnotexceedingRMB21,832million(includingtheeffectiveandunexpiredamount)forthe2023creditlinesfromfinancialinstitutionstoguaranteedentitieswithinthescopeofconsolidatedstatements.Amongthem,thetotalamountofguaranteesforallguaranteedentitieswithassetliabilityratioof70%oraboveshallnotexceedtheequivalentamountofRMB920million(includingtheeffectiveandunexpiredamount).TheCompany’sexternalguaranteesareallprovidedforsubsidiarieswithinthescopeofconsolidatedstatement.Asof30June2023,theactualguaranteebalancewasRMB5,041.75million(ofwhichtheactualguaranteebalancewithassetliabilityratioof70%orabovewasRMB551.71million),accountingfor39.22%oftheparentcompany’snetassetsofRMB12,854.88millionattheendof2022,and19.46%ofthenetassetsofRMB25,904.01million.TheCompanyhasnooverdueguarantee.
2.TheCompany’s2021AnnualGeneralMeetingreviewedandpassedtheProposalontheDevelopmentofAssetPoolBusinessin2022.InordertoachievetheoverallmanagementoftheCompany’sassetssuchasbillsandlettersofcredit,theGeneralMeetingofShareholdersapprovedtheCompanyanditssubsidiariestoconductassetpoolbusinessofnomorethanRMB800million.Underthepremiseofcontrollablerisks,variousguaranteemethodssuchasmaximumpledge,generalpledge,depositcertificatepledge,billpledge,andmarginpledgecanbeadoptedforbusinessdevelopment.Asof30June2023,theactualpledgeamountoftheassetpoolbusinesswasRMB723.13million,andthefinancingbalancewasRMB722.72million.Explanationoncompoundguarantees:Nil
3.EntrustedFinancing
□Applicable√Notapplicable
4.Othermaterialcontracts
√Applicable□Notapplicable
| NameofsigningentityontheCompany’sside | Nameofcounterparty | Subjectmatter | Contractsigningdate | Pricingprinciple | Transactionamount(RMB0,000) | Related-partytransactionornot | Association | Executionasoftheendofthereportperiod | Dateofdisclosure | Disclosureindex |
| WujiangCSGGlassCo.,Ltd.,andDongguanCSGSolarGlassCo.,Ltd. | LONGiSolarTechnologyLtd.,ZhejiangLONGiSolarTechnologyLtd.,TaizhouLONGiSolarTechnologyLtd.,YinchuanLONGiSolarTechnologyLtd.,ChuzhouLONGiSolarTechnologyLtd.,DatongLONGiSolarTechnologyLtd.,LONGi(H.K.)TradingLimited,LONGi(KUCHING)SDN.BHD.,XianyangLONGiSolarTechnologyLtd.,JiangsuLONGiSolarTechnologyLtd., | Photovoltaicglass | 31July2020 | Pricenegotiatedonamonthlybasisaccordingtomarketconditions | _ | No | Nil | Inprogress | 3August2020 | AnnouncementNo.:2020-060 |
| JiaxingLONGiSolarTechnologyLtd.,andXi’anLONGiGreenBuildingTechnologyLtd. | ||||||||||
| CSGHoldingCo.,Ltd. | TrinaSolarCo.,Ltd. | High-puritysilicon | 13September2022 | Priceofhigh-puritysiliconnegotiatedonamonthlybasisaccordingtocontractuallyagreedpricingprinciples | _ | No | Nil | Inprogress | 14September2022 | AnnouncementNo.:2022-054 |
| CSGHoldingCo.,Ltd. | Twocertaincustomers | Solargradeprimarypolysilicon | 27October2022 | Pricenegotiatedonamonthlybasisaccordingtocontractuallyagreedpricingprinciples | _ | No | Nil | Inprogress | 29October2022 | AnnouncementNo.:2022-060 |
| CSGHoldingCo.,Ltd. | Onecertaincustomer | Solargradeprimarypolysilicon | 17April2023 | Pricenegotiatedonamonthlybasisaccordingtocontractuallyagreedpricingprinciples | _ | No | Nil | Yettobeexecuted | 19April2023 | AnnouncementNo.:2023-011 |
Note:Theabovematerialcontractsarelong-termsalescontractssignedbetweentheCompanyandcustomers.Atotalsupplyvolumeisgiveninsuchacontract,thespecificpriceisnegotiatedonamonthlybasis,andthetotalcontractamountissubjecttothefinaltransactionamount.XIII.Statementonotherimportantmatters
√Applicable□Notapplicable
1.Ultra-short-termfinancingbillsOnMay16,2022,theCompany's2021annualgeneralmeetingreviewedandapprovedthe"ProposalonApplicationforRegistrationandIssuanceofMedium-TermNotesandUltra-short-termFinancingBills",whichagreedthattheCompanywouldregisterandissueultra-short-termfinancingbillswitharegisteredamountofnotmorethan1billionyuan,TheCompanycanissueoneormoretimeswithinthevalidityperiodoftheregistrationaccordingtotheactualcapitalneedsandthecapitalsituationoftheinter-bankmarket.
2.Medium-termnotesOnMay16,2022,theCompany's2021annualgeneralmeetingreviewedandapprovedthe"ProposalonApplicationforRegistrationandIssuanceofMedium-termNotesandUltra-short-termFinancingBills",whichagreedthattheCompanywouldregisterandissuemedium-termnoteswitharegisteredamountofnotmorethan2billionyuan.Actualcapitalneedsandinter-bankmarketcapitalstatus,canbeissuedoneormoretimeswithinthevalidityperiodofregistration.
3.PublicissuanceofcorporatebondsOnMarch2,2017,the2ndExtraordinaryGeneralMeetingofShareholdersin2017reviewedandapproved“theProposalonthePublicIssuanceofCorporateBondsforQualifiedInvestors".OnFebruary27,2019,theFirstExtraordinaryGeneralMeetingofShareholdersin2019The“ProposalonExtendingtheValidityPeriodoftheShareholders'MeetingforthePublicOfferingofCorporateBondstoQualifiedInvestors”agreedtoissuecorporatebondswithatotalissueofnomorethanRMB2billionandatermofnomorethan10years.OnJune26,2019,theCompanyreceivedthe“ApprovalofApprovingCSGHoldingCo.,Ltd.toIssueCorporateBondstoQualifiedInvestors”issuedbyChinaSecuritiesRegulatoryCommission(ZJXK[2019]No.1140).OnMarch24,
2020andMarch25,2020,theCompanyissuedthefirstbatchofcorporatebondswithtotalamountofRMB2billionandvalidtermof3yearsattheissuancerateof6%,andcompletedtheredemptionanddelistingonMarch27,2023(theoriginalredemptiondateforthisbondwasMarch25,2023,butduetoastatutoryrestday,itwaspostponedtothefirsttradingdaythereafter).
4.PublicofferingofA-shareconvertiblecorporatebondsOn11July2022,theCompany’s2ndExtraordinaryGeneralMeetingofShareholdersin2022reviewedandapprovedrelevantproposalsontheCompany'spublicofferingofA-shareconvertiblecorporatebonds,andagreedtoissueA-shareconvertiblecorporatebondstoraiseatotalamountnotexceedRMB2,800million(inclusive),withatermofsixyearsfromthedateofissuance.Duetofactorssuchaschangesinthecapitalmarketandthetimingoffinancing,whichresultedinimmatureapplicationandissuanceconditions,theCompanydidnotmakeanysubstantialprogressonthepublicofferingofA-shareconvertiblecorporatebondsduringthevalidperiodasresolved.Asof11July2023,theCompany’splanforthepublicofferingofA-shareconvertiblecorporatebondsexpiredandautomaticallylapsed.Forfurtherinformation,seetheAnnouncementontheExpiryofthePlanforthePublicOfferingofA-shareConvertibleCorporateBonds(Announcementnumber:2023-025)disclosedbytheCompanyonhttp://www.cninfo.com.cndated12July2023.
5.ShareholdingincreasebyShenzhenGuanlongLogisticsCo.,Ltd.On17March2023,ShenzhenGuanlongLogisticsCo.,Ltd.(hereinafterreferredtoas“GuanlongLogistics”)increaseditsshareholdingintheCompanyby160,000shares(or0.0052%oftheCompany’stotalsharecapital)bywayofcentralizedbiddinginthesecuritiestradingsystemoftheShenzhenStockExchange.On23March2023,theCompanydisclosedtheAnnouncementonShareholder’sShareholdingIncrease&SubsequentShareholdingIncreasePlan(Announcementnumber:2023-006).AccordingtotheAnnouncement,GuanlongLogisticsintendedtoincreaseitsholdingofunrestrictedpublicA-sharesbyapercentageofnolessthan5%andnomorethan6.26%oftheCompany’stotalsharecapitalbywayofcentralizedbiddingorblocktradinginthetradingsystemoftheShenzhenStockExchangewithinsixmonthsafterthreetradingdaysfromthedisclosuredateoftheannouncementontheshareholdingincreaseplan.Asof30June2023,GuanlongLogisticsheld160,000sharesintheCompany,withnoprogressontheshareholdingincreaseplanforthetimebeing.
6.ThematterofthespecialfundofRMB171millionfortalentintroductionRegardingthespecialfundofRMB171millionfortalentintroduction,theCompanyfiledaninfringementcompensationlawsuitagainstZengNanandothersandYichangHongtaiRealEstateCo.,Ltd.onDecember15,2021,andShenzhenIntermediatePeople'sCourtofficiallyaccepteditonJanuary28,2022.ThefirsttrialofthecasewascompletedinShenzhenIntermediatePeople'sCourtonJune21,2022,andiscurrentlyawaitingjudgment.
7.Postponedre-electionoftheBoardofDirectorsandtheSupervisoryCommitteeThetermofofficeoftheninthBoardofDirectorsandSupervisoryCommitteeoftheCompanyexpiredon21May2023,andre-electionisprogressingsteadilyasofnow.AccordingtoArticles96and138oftheArticlesofAssociationofCSGHoldingCo.,Ltd.,ifanewdirector/supervisorisnotre-electedintimeupontheexpiryofthetermofofficeofadirector/supervisor,beforethere-electeddirector/supervisorassumeshis/heroffice,theformerdirector/supervisorshallstillperformthedutiesofadirector/supervisorinaccordancewiththeprovisionsoflaws,administrativeregulations,departmentalrulesandtheArticlesofAssociation.Therefore,themembersoftheninthBoardofDirectorsandSupervisoryCommitteearestillperformingtheirdutiesinanormalmanner,andthere-electionoftheBoardofDirectorsandtheSupervisoryCommitteewouldnothaveanyadverseimpactontheCompany’soperationandgovernance.
XIV.SignificanteventsofsubsidiariesoftheCompany
□Applicable√Notapplicable
SectionVII.ChangesinSharesandParticularsaboutShareholdersI.ChangesinShareCapital
1.ChangesinShareCapital
Unit:Share
| BeforetheChange | Increase/DecreaseintheChange(+,-) | AftertheChange | |||||||
| Amount | Proportion | Newsharesissued | Bonusshares | Capitalizationofpublicreserve | Others | Subtotal | Amount | Proportion | |
| I.Restrictedshares | 4,838,249 | 0.16% | -481,600 | -481,600 | 4,356,649 | 0.14% | |||
| 1.State-ownedshares | |||||||||
| 2.State-ownedlegalperson’sshares | |||||||||
| 3.Otherdomesticshares | 4,838,249 | 0.16% | -481,600 | -481,600 | 4,356,649 | 0.14% | |||
| Including:Domesticlegalperson’sshares | |||||||||
| Domesticnaturalperson’sshares | 4,838,249 | 0.16% | -481,600 | -481,600 | 4,356,649 | 0.14% | |||
| 4.Foreignshares | |||||||||
| Including:Foreignlegalperson’sshares | |||||||||
| Foreignnaturalperson’sshares | |||||||||
| II.Unrestrictedshares | 3,065,853,858 | 99.84% | 481,600 | 481,600 | 3,066,335,458 | 99.86% | |||
| 1.RMBOrdinaryshares | 1,956,484,798 | 63.71% | 481,600 | 481,600 | 1,956,966,398 | 63.73% | |||
| 2.Domesticallylistedforeignshares | 1,109,369,060 | 36.13% | 1,109,369,060 | 36.13% | |||||
| 3.Overseaslistedforeignshares | |||||||||
| 4.Others | |||||||||
| III.Totalshares | 3,070,692,107 | 100.00% | 0 | 0 | 3,070,692,107 | 100.00% | |||
Reasonforequitychanges
√Applicable□NotapplicableDuringthereportperiod,ChinasecuritiesregistrationandclearingCo.,Ltd.Adjustedthelocked-upsharesofseniormanagementinaccordancewithregulations,andtheCompany’srestrictedsharesandunrestrictedshareschangedaccordingly.Approvalonequitychanges
□Applicable√NotapplicableTransferofownershipforequitychanges
□Applicable√Notapplicable
Implementationprogressofsharebuyback
□Applicable√NotapplicableImplementationprogressofsharebuybackreductionthroughcentralizedbidding
□Applicable√NotapplicableInfluenceonthebasicEPSanddilutedEPSaswellasotherfinancialindexesofnetassetspershareattributabletocommonshareholdersofCompanyinthelatestyearandperiod
□Applicable√NotapplicableOtherinformationnecessarytobedisclosedorneedtobedisclosedunderrequirementfromsecurityregulators
□Applicable√Notapplicable
2.Changesofrestrictedshares
√Applicable□Notapplicable
Unit:Share
| Shareholders’name | Numberofsharesrestrictedatthebeginningoftheperiod | NumberofsharesreleasedinthePeriod | NumberofsharesrestrictedincreasedinthePeriod | NumberofsharesrestrictedattheendofthePeriod | Reasonforrestriction | Releaseddate |
| ChenLin | 1,217,299 | 1,217,299 | Executivelockupstocksshares | Releasingofexecutivelockupstockswillbeimplementedaccordingtorelevantpolicies. | ||
| HeJin | 673,200 | 673,200 | Executivelockupstocksshares | Releasingofexecutivelockupstockswillbeimplementedaccordingtorelevantpolicies. | ||
| WangWenxin | 115,950 | 115,950 | Executivelockupstocksshares | Releasingofexecutivelockupstockswillbeimplementedaccordingtorelevantpolicies. | ||
| ChenChunyan | 36,953 | 36,953 | Executivelockupstocksshares | Releasingofexecutivelockupstockswillbeimplementedaccordingtorelevantpolicies. | ||
| WangJian | 1,012,000 | 253,000 | 759,000 | Lockedinsharesafterthedepartureofdirectorsandexecutives | Releasingofdirectorandexecutivelockupstockswillbeimplementedaccordingtorelevantpolicies. | |
| GaoChangkun | 375 | 375 | 0 | Lockedinsharesafterthedepartureofsupervisors | Releasingofsupervisorlockupstockswillbeimplementedaccordingtorelevantpolicies. |
| LuWenhui | 912,973 | 228,225 | 684,748 | Lockedinsharesafterthedepartureofexecutives | Releasingofexecutivelockupstockswillbeimplementedaccordingtorelevantpolicies. | |
| YangXinyu | 869,499 | 869,499 | Lockedinsharesafterthedepartureofexecutives | Releasingofexecutivelockupstockswillbeimplementedaccordingtorelevantpolicies. | ||
| total | 4,838,249 | 481,600 | 4,356,649 | -- | -- |
II.IssuanceandlistingofSecurities
□Applicable√NotapplicableIII.AmountofshareholdersoftheCompanyandparticularsaboutsharesholding
Unit:share
| Totalamountofshareholdersattheendofthereportperiod | 163,666 | Totalamountofthepreferredshareholderswhohaveresumedthevotingrightatendofreportperiod(ifapplicable) | 0 | ||||||
| Shareholderwithabove5%sharesheldortoptenshareholders | |||||||||
| FullnameofShareholders | Natureofshareholder | Proportionofsharesheld | Totalsharesheldattheendofreportperiod | Changesinreportperiod | Amountofrestrictedsharesheld | Amountofun-restrictedsharesheld | Numberofsharepledged/frozen | ||
| Sharestatus | Amount | ||||||||
| ForeseaLifeInsuranceCo.,Ltd.–HailiNiannian | Domesticnonstate-ownedlegalperson | 15.19% | 466,386,874 | 466,386,874 | |||||
| ForeseaLifeInsuranceCo.,Ltd.–UniversalInsuranceProducts | Domesticnonstate-ownedlegalperson | 3.86% | 118,425,007 | 118,425,007 | |||||
| ForeseaLifeInsuranceCo.,Ltd.–OwnFund | Domesticnonstate-ownedlegalperson | 2.11% | 64,765,161 | 64,765,161 | |||||
| ChinaGalaxyInternationalSecurities(HongKong)Co.,Limited | Foreignlegalperson | 1.34% | 41,034,578 | -175,400 | 41,034,578 | ||||
| ChinaMerchantsSecurities(HongKong)Limited | Foreignlegalperson | 1.12% | 34,384,197 | -2,919,794 | 34,384,197 | ||||
| HongKongSecuritiesClearingCo.,Ltd. | Foreignlegalperson | 1.08% | 33,043,205 | 11,409,160 | 33,043,205 | ||||
| ChinaLifeInsuranceCo.,Ltd.-Traditional-GeneralInsuranceProducts-005l-ct001Hu | Other | 0.99% | 30,418,859 | -665,700 | 30,418,859 | ||||
| VANGUARDEMERGINGMARKETSSTOCKINDEXFUND | Foreignlegalperson | 0.64% | 19,595,573 | 230,000 | 19,595,573 | ||||
| ZhongshanRuntianInvestmentCo.,Ltd. | Domesticnonstate-ownedlegalperson | 0.62% | 18,983,447 | 18,983,447 | Pledged | 18,980,000 | |||
| Marked | 18,980,000 | ||||||||
| Frozen | 3,447 | ||||||||
| VANGUARDTOTALINTERNATIONALSTOCKINDEXFUND | Foreignlegalperson | 0.57% | 17,537,213 | 17,537,213 | |||||
| Strategicinvestorsorgenerallegalpersonbecomestop10shareholdersduetosharesissued(ifapplicable) | N/A | ||||||||
| Explanationonassociatedrelationshipamongtheaforesaidshareholders | Asoftheendofthereportperiod,amongshareholdersaslistedabove,ForeseaLifeInsuranceCo.,Ltd.-HailiNiannian,ForeseaLifeInsuranceCo.,Ltd.-UniversalInsuranceProducts,ForeseaLifeInsuranceCo.,Ltd.-OwnFundareallheldbyForeseaLifeInsuranceCo.,Ltd.ShenzhenJushenghuaCo.,Ltd.,whichholds51%equityofForeseaLifeInsuranceCo.,Ltd.,holds100%equityofZhongshanRuntianInvestmentCo.,LtdandChengtaiGroupCo.Ltd.,throughShenzhenHualitongInvestmentCo.,Ltd.ChengtaiGroupCo.,Ltd.holds40,187,904sharesthroughChinaGalaxyInternationalSecurities(HongKong)Co.,Limited. | ||||||||
| Explanationoftheabove-mentionedshareholdersinvolvingentrusted/entrustedvotingrightsandabstentionfromvotingright | N/A | ||||||||
| Specialinstructionsontheexistenceofspecialrepurchaseaccountamongthetop10shareholders(ifany) | N/A | ||||||||
| Particularabouttoptenshareholderswithunrestrictedsharesheld | |||||||||
| Shareholders’name | Amountofunrestrictedsharesheldatyear-end | Typeofshares | |||||||
| Type | Amount | ||||||||
| ForeseaLifeInsuranceCo.,Ltd.–HailiNiannian | 466,386,874 | RMBordinaryshares | 466,386,874 | ||||||
| ForeseaLifeInsuranceCo.,Ltd.–UniversalInsuranceProducts | 118,425,007 | RMBordinaryshares | 118,425,007 | ||||||
| ForeseaLifeInsuranceCo.,Ltd.–OwnFund | 64,765,161 | RMBordinaryshares | 64,765,161 | ||||||
| ChinaGalaxyInternationalSecurities(HongKong)Co.,Limited | 41,034,578 | Domesticallylistedforeignshares | 41,034,578 | ||||||
| ChinaMerchantsSecurities(HongKong)Limited | 34,384,197 | Domesticallylistedforeignshares | 34,384,197 | ||||||
| HongKongSecuritiesClearingCo.,Ltd. | 33,043,205 | RMBordinaryshares | 33,043,205 | ||||||
| ChinaLifeInsuranceCo.,Ltd.-Traditional-GeneralInsuranceProducts-005l-ct001Hu | 30,418,859 | RMBordinaryshares | 30,418,859 | ||||||
| VANGUARDEMERGINGMARKETSSTOCKINDEXFUND | 19,595,573 | Domesticallylistedforeignshares | 19,595,573 | ||||||
| ZhongshanRuntianInvestmentCo.,Ltd. | 18,983,447 | RMBordinaryshares | 18,983,447 | ||||||
| VANGUARDTOTALINTERNATIONALSTOCKINDEXFUND | 17,537,213 | Domesticallylistedforeignshares | 17,537,213 | ||||||
| Statementonassociatedrelationshiporconsistentactionamongtheaboveshareholders: | Asoftheendofthereportperiod,amongshareholdersaslistedabove,ForeseaLifeInsuranceCo.,Ltd.-HailiNiannian,ForeseaLifeInsuranceCo.,Ltd.-UniversalInsuranceProducts,ForeseaLifeInsuranceCo.,Ltd.-OwnFundareallheldbyForeseaLifeInsuranceCo.,Ltd.ShenzhenJushenghuaCo.,Ltd.,whichholds51%equityofForesea | ||||||||
| LifeInsuranceCo.,Ltd.,holds100%equityofZhongshanRuntianInvestmentCo.,LtdandChengtaiGroupCo.Ltd.,throughShenzhenHualitongInvestmentCo.,Ltd.ChengtaiGroupCo.,Ltd.holds40,187,904sharesthroughChinaGalaxyInternationalSecurities(HongKong)Co.,Limited. | |
| Descriptionofthetop10ordinaryshareholdersparticipatinginmargintradingandsecuritieslendingbusinessshareholders(ifapplicable) | N/A |
Specialnote:OnJuly11,2022,attheCompany'sSecondExtraordinaryGeneralMeetingin2022,ForeseaLifeInsuranceCo.,Ltd.votedinfavorofallproposals,andZhongshanRuntianInvestmentCo.,Ltd.votedagainstallproposals,ChengtaiGroupCo.,Ltd.votedagainstalltheproposalswiththesharesheldbyChinaGalaxyInternationalSecurities(HongKong)Co.,Limited;onAugust3,2022,attheCompany'sThirdExtraordinaryGeneralMeetingin2022,ForeseaLifeInsuranceCo.,Ltd.votedinfavorofallproposals,andZhongshanRuntianInvestmentCo.,Ltd.votedagainstallproposals.Whetherthetoptenshareholdersortoptenshareholderswithun-restrictedsharescarriedoutbuybackdealsinthereportperiod
□Yes√NoThetoptenshareholdersortoptenshareholderswithun-restrictedsharesdidnotcarryoutbuybackdealsinthereportperiod.
IV.Changesintheshareholdingofdirectors,supervisorsandseniorexecutives
√Applicable□Notapplicable
| Name | Title | Workingstatus | Sharesheldatperiod-begin(Share) | Amountofsharesincreasedinthisperiod(Share) | Amountofsharesdecreasedinthisperiod(Share) | Sharesheldatperiod-end(Share) | Numberofrestrictedsharesgrantedatperiod-begin(Share) | Numberofrestrictedsharesgrantedinthisperiod(shares) | Numberofrestrictedsharesgrantedatperiod-end(Share) |
| ShenYunqiao | IndependentDirector | Incumbent | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | -- | -- | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
V.Changesofcontrollingshareholderoractualcontroller
Changesofcontrollingshareholdersinthereportperiod
□Applicable√NotapplicableChangesofactualcontrollerinthereportperiod
□Applicable√Notapplicable
SectionVIII.PreferredShares
□Applicable√Notapplicable
SectionIX.Bonds
□Applicable√Notapplicable
SectionX.FinancialReport
I.Reportoftheauditors
WhethertheSemi-annualReporthasbeenauditedornot
□Yes√NoTheCompany'sSemi-annualReporthasnotbeenaudited.II.FinancialstatementsAllamountsinthetablesintheNotestotheFinancialStatementsareexpressedinRMB.
1.ConsolidatedbalancesheetPreparedby:CSGHoldingCo.,Ltd.
30June2023
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Currentassets： | ||
| Cashatbankandonhand | 2,659,317,147 | 4,604,607,779 |
| Notesreceivable | 731,429,485 | 156,943,437 |
| Accountsreceivable | 1,618,049,955 | 1,179,992,784 |
| ReceivablesFinancing | 830,989,703 | 1,095,412,643 |
| Advancestosuppliers | 230,228,115 | 183,629,823 |
| Otherreceivables | 193,416,864 | 193,847,322 |
| Inventories | 2,118,417,593 | 1,783,941,982 |
| Non-currentassetsduewithinoneyear | 80,000,000 | 20,000,000 |
| Othercurrentassets | 138,475,480 | 108,248,545 |
| Totalcurrentassets | 8,600,324,342 | 9,326,624,315 |
| Non-currentassets： | ||
| Investmentproperties | 290,368,105 | 290,368,105 |
| Fixedassets | 11,986,389,945 | 11,243,236,175 |
| Constructioninprogress | 2,622,639,485 | 2,520,362,291 |
| Right-of-useassets | 9,589,272 | 9,908,413 |
| Intangibleassets | 2,395,648,014 | 1,438,102,666 |
| Developmentexpenditure | 54,503,705 | 46,755,816 |
| Goodwill | 8,593,352 | 7,897,352 |
| Long-termprepaidexpenses | 6,568,159 | 2,647,939 |
| Deferredtaxassets | 166,489,256 | 161,489,749 |
| Othernon-currentassets | 1,125,121,631 | 856,620,485 |
| Totalnon-currentassets | 18,665,910,924 | 16,577,388,991 |
| Totalassets | 27,266,235,266 | 25,904,013,306 |
| Currentliabilities： |
| Short-termborrowings | 384,776,205 | 345,000,000 |
| Notespayable | 1,359,373,689 | 994,557,496 |
| Accountspayable | 3,024,632,655 | 2,033,542,627 |
| Contractliabilities | 342,662,579 | 418,051,975 |
| Employeebenefitspayable | 300,681,897 | 473,616,428 |
| Taxespayable | 150,987,570 | 161,134,638 |
| Otherpayables | 463,757,844 | 537,065,184 |
| Including:interestpayable | 7,275,176 | 99,945,325 |
| Currentportionofnon-currentliabilities | 1,008,414,500 | 2,481,433,006 |
| Othercurrentliabilities | 89,468,648 | 50,407,240 |
| Totalcurrentliabilities | 7,124,755,587 | 7,494,808,594 |
| Non-currentliabilities： | ||
| Long-termborrowings | 5,228,900,581 | 4,353,589,980 |
| Leaseliabilities | 3,648,983 | 3,564,330 |
| Long-termpayables | 109,425,563 | 129,236,878 |
| Provisions | 7,569,501 | |
| Deferredincome | 428,796,377 | 449,875,380 |
| Deferredtaxliabilities | 92,060,465 | 97,266,841 |
| Totalnon-currentliabilities | 5,870,401,470 | 5,033,533,409 |
| Totalliabilities | 12,995,157,057 | 12,528,342,003 |
| Shareholders’equity： | ||
| Sharecapital | 3,070,692,107 | 3,070,692,107 |
| Capitalsurplus | 596,997,085 | 596,997,085 |
| Othercomprehensiveincome | 180,891,037 | 170,860,478 |
| Specialreserve | 210,519 | 731,580 |
| Surplusreserve | 1,228,634,001 | 1,228,634,001 |
| Undistributedprofits | 8,676,447,235 | 7,786,968,455 |
| Totalequityattributabletoshareholdersofparentcompany | 13,753,871,984 | 12,854,883,706 |
| Minorityinterests | 517,206,225 | 520,787,597 |
| Totalshareholders'equity | 14,271,078,209 | 13,375,671,303 |
| Totalliabilitiesandshareholders'equity | 27,266,235,266 | 25,904,013,306 |
Legalrepresentative:ChenLinPrincipalinchargeofaccounting:WangWenxinHeadofaccountingdepartment:WangWenxin
2.BalancesheetoftheparentcompanyPreparedby:CSGHoldingCo.,Ltd.
30June2023
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Currentassets： | ||
| Cashatbankandonhand | 1,523,830,141 | 2,598,503,883 |
| Notesreceivable | 10,000,000 | 49,194,385 |
| Accountsreceivable | 35,178,427 | 23,994,936 |
| ReceivablesFinancing | 10,000,000 | 123,469,960 |
| Advancestosuppliers | 1,295,479 | 1,571,283 |
| Otherreceivables | 2,749,872,404 | 2,369,431,782 |
| Including:Dividendsreceivable | 129,077,200 | 375,057,800 |
| Non-currentassetsduewithinoneyear | 80,000,000 | 20,000,000 |
| Totalcurrentassets | 4,410,176,451 | 5,186,166,229 |
| Non-currentassets： | ||
| Long-termequityinvestments | 8,837,769,867 | 7,838,487,027 |
| Fixedassets | 9,000,302 | 7,876,626 |
| Intangibleassets | 7,429,274 | 5,946,174 |
| Long-termprepaidexpenses | 570,915 | 189,806 |
| Othernon-currentassets | 4,291,162 | 83,297,124 |
| Totalnon-currentassets | 8,859,061,520 | 7,935,796,757 |
| TOTALASSETS | 13,269,237,971 | 13,121,962,986 |
| Currentliabilities： | ||
| Short-termborrowings | 100,000,000 | 200,000,000 |
| Notespayable | 217,090,273 | 19,496,400 |
| Accountspayable | 816,708 | 661,058 |
| Contractliabilities | 669 | 3,097 |
| Employeebenefitspayable | 20,410,807 | 63,906,834 |
| Taxespayable | 4,674,019 | 15,374,554 |
| Otherpayables | 1,996,303,479 | 2,126,409,980 |
| Including:interestpayable | 1,712,638 | 95,445,534 |
| Currentportionofnon-currentliabilities | 645,586,000 | 2,332,402,522 |
| Othercurrentliabilities | 87 | 403 |
| Totalcurrentliabilities | 2,984,882,042 | 4,758,254,848 |
| Non-currentliabilities： | ||
| Long-termborrowings | 1,412,091,000 | 1,231,134,000 |
| Deferredincome | 171,937,500 | 172,125,000 |
| Totalnon-currentliabilities | 1,584,028,500 | 1,403,259,000 |
| Totalliabilities | 4,568,910,542 | 6,161,513,848 |
| Shareholders’equity： |
| Sharecapital | 3,070,692,107 | 3,070,692,107 |
| Capitalsurplus | 741,824,399 | 741,824,399 |
| Surplusreserve | 1,243,179,361 | 1,243,179,361 |
| Undistributedprofits | 3,644,631,562 | 1,904,753,271 |
| Totalshareholders'equity | 8,700,327,429 | 6,960,449,138 |
| Totalliabilitiesandshareholders'equity | 13,269,237,971 | 13,121,962,986 |
Legalrepresentative:ChenLinPrincipalinchargeofaccounting:WangWenxinHeadofaccountingdepartment:WangWenxin
3.Consolidatedincomestatement
Preparedby:CSGHoldingCo.,Ltd.
Unit:RMB
| Item | H12023 | H12022 |
| I.Totalbusinessincome | 8,389,340,245 | 6,519,216,676 |
| Including:operatingincome | 8,389,340,245 | 6,519,216,676 |
| II.Totaloperatingcosts | 7,477,912,994 | 5,480,144,295 |
| Including:operatingcosts | 6,495,395,931 | 4,637,645,927 |
| Taxesandsurcharges | 76,379,004 | 61,280,622 |
| Sellinganddistributionexpenses | 146,856,141 | 133,906,652 |
| Generalandadministrativeexpenses | 340,252,772 | 318,635,812 |
| Researchanddevelopmentexpenses | 346,264,501 | 265,877,930 |
| Financialexpenses | 72,764,645 | 62,797,352 |
| Including:interestexpenses | 113,306,203 | 91,984,604 |
| Interestincome | 45,500,449 | 30,756,704 |
| Add：OtherIncome | 47,203,839 | 99,302,552 |
| Investmentincome（Lossislistedwith“-”） | -4,083,180 | 16,413,695 |
| Creditimpairmentloss（Lossislistedwith“-”） | -7,601,224 | -1,492,222 |
| Assetimpairmentloss（Lossislistedwith“-”） | 24,908 | 1,456 |
| Incomeondisposalassets（Lossislistedwith“-”） | 53,451 | 12,745,461 |
| III.Operatingprofit（Lossislistedwith“-”） | 947,025,045 | 1,166,043,323 |
| Add:Non-operatingrevenue | 9,453,333 | 15,132,978 |
| Less:Non-operatingexpenses | 486,800 | 3,660,070 |
| IV.Totalprofit（Lossislistedwith“-”） | 955,991,578 | 1,177,516,231 |
| Less:Incometaxexpenses | 74,094,170 | 168,925,524 |
| V.Netprofit(Netlossislistedwith“-”) | 881,897,408 | 1,008,590,707 |
| （1）Classifiedbycontinuousoperation: | ||
| 1.Netincomefromcontinuingoperations(Netlossislistedwith“-”) | 881,897,408 | 1,008,590,707 |
| 2.Netincomefromdiscontinuedoperations(Netlossislistedwith“-”) | ||
| （2）Classifiedbyequityownership: | ||
| 1.Attributabletoshareholdersofparentcompany | 889,478,780 | 1,001,174,398 |
| 2.Minorityinterests | -7,581,372 | 7,416,309 |
| VI.Othercomprehensiveincomenetaftertax | 10,030,559 | 6,167,540 |
| Othercomprehensiveincomenetaftertaxattributabletoshareholdersofparentcompany | 10,030,559 | 6,167,540 |
| （1）Othercomprehensiveincomenottobereclassifiedintoprofitandloss | ||
| （2）Othercomprehensiveincometobereclassifiedintoprofitandloss | 10,030,559 | 6,167,540 |
| 1.Translationdifferencesarisingontranslationofforeigncurrencyfinancialstatement | 10,030,559 | 6,167,540 |
| Othercomprehensiveincomenetaftertaxattributabletominorityinterests | ||
| VII.Totalcomprehensiveincome | 891,927,967 | 1,014,758,247 |
| Totalcomprehensiveincomeattributabletoshareholdersoftheparentcompanyshareholdersofparentcompany | 899,509,339 | 1,007,341,938 |
| Totalcomprehensiveincomeattributabletominorityshareholdersminorityinterests | -7,581,372 | 7,416,309 |
| VIII.Earningspershare | ||
| （1）Basicearningspershare | 0.29 | 0.33 |
| （2）Dilutedearningspershare | 0.29 | 0.33 |
Legalrepresentative:ChenLinPrincipalinchargeofaccounting:WangWenxinHeadofaccountingdepartment:WangWenxin
4.Incomestatementoftheparentcompany
Preparedby:CSGHoldingCo.,Ltd.
Unit:RMB
| Item | H12023 | H12022 |
| I.Operatingincome | 219,825,718 | 230,198,412 |
| Less:operatingcosts | 15,015,892 | |
| Taxesandsurcharges | 1,405,865 | 1,508,969 |
| Sellinganddistributionexpenses | 10,326,349 | 1,500,585 |
| Generalandadministrativeexpenses | 137,413,753 | 158,605,939 |
| Researchanddevelopmentexpenses | 290,120 | |
| Financialexpenses | 15,872,574 | 54,002,083 |
| Including:interestexpenses | 61,444,973 | 84,259,999 |
| Interestincome | 41,530,076 | 28,380,771 |
| Add：OtherIncome | 3,002,974 | 5,677,313 |
| Investmentincome（Lossislistedwith“-”） | 1,682,067,333 | 665,374,823 |
| Creditimpairmentloss（Lossislistedwith“-”） | 459,771 | -85,084 |
| Assetimpairmentloss（Lossislistedwith“-”） | ||
| Incomeondisposalassets（Lossislistedwith“-”） | 2,477,876 | |
| II.Operatingprofit（Lossislistedwith“-”） | 1,740,047,135 | 673,009,872 |
| Add:Non-operatingrevenue | 1,770 | |
| Less:Non-operatingexpenses | 170,614 | 1,459,583 |
| III.Totalprofit（Lossislistedwith“-”） | 1,739,878,291 | 671,550,289 |
| Less:Incometaxexpenses | ||
| IV.Netprofit(Netlossislistedwith“-”) | 1,739,878,291 | 671,550,289 |
| （1）Netincomefromcontinuingoperations(Netlossislistedwith“-”) | 1,739,878,291 | 671,550,289 |
| （2）Netincomefromdiscontinuedoperations(Netlossislistedwith“-”) | ||
| V.Othercomprehensiveincomenetaftertax | ||
| VI.Totalcomprehensiveincome | 1,739,878,291 | 671,550,289 |
| VII.Earningspershare |
Legalrepresentative:ChenLinPrincipalinchargeofaccounting:WangWenxinHeadofaccountingdepartment:WangWenxin
5.Consolidatedstatementofcashflows
Preparedby:CSGHoldingCo.,Ltd.
Unit:RMB
| Item | H12023 | H12022 |
| I.Cashflowsfromoperatingactivities： | ||
| Cashreceivedfromsalesofgoodsorrenderingofservices | 8,167,102,471 | 6,933,269,669 |
| Refundoftaxesandsurcharges | 129,649,279 | 209,272,049 |
| Cashreceivedrelatingtootheroperatingactivities | 235,147,053 | 87,236,568 |
| Sub-totalofcashinflowsfromoperatingactivities | 8,531,898,803 | 7,229,778,286 |
| Cashpaidforgoodsandservices | 6,164,275,159 | 4,720,858,626 |
| Cashpaidtoandonbehalfofemployees | 1,161,324,786 | 967,549,535 |
| Paymentsoftaxesandsurcharges | 481,706,537 | 434,697,790 |
| Cashpaidrelatingtootheroperatingactivities | 206,165,136 | 203,869,214 |
| Sub-totalofcashoutflowsfromoperatingactivities | 8,013,471,618 | 6,326,975,165 |
| Netcashflowsfrom/(usedin)operatingactivities | 518,427,185 | 902,803,121 |
| II.Cashflowsfrominvestingactivities： | ||
| Cashreceivedfromreturnsoninvestments | 20,000,000 | 1,988,760,000 |
| Cashreceivedfromreturnsoninvestincome | 775,676 | 15,609,996 |
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 176,747 | 13,563,172 |
| Cashreceivedrelatingtootherinvestingactivities | 32,629,490 | |
| Sub-totalofcashinflowsfromoperatingactivities | 53,581,913 | 2,017,933,168 |
| Cashpaidtoacquirefixedassets,intangibleassetsandotherlong-termasset | 1,714,949,765 | 1,632,778,700 |
| Cashpaidtoacquireinvestments | 20,000,000 | 2,198,160,000 |
| Netcashpaidtoacquiresubsidiariesandotherbusinessunits | 696,000 | |
| Cashpaidrelatingtootherinvestingactivities | 19,138,102 | |
| Sub-totalofcashoutflowsfromoperatingactivities | 1,735,645,765 | 3,850,076,802 |
| Netcashflows(usedin)/frominvestingactivities | -1,682,063,852 | -1,832,143,634 |
| III.Cashflowsfromfinancingactivities： | ||
| Cashreceivedfrominvestors | 4,000,000 | |
| Including:Cashreceivedfromabsorbingminorityshareholders’investmentbysubsidiaries | 4,000,000 |
| Cashreceivedfromborrowings | 1,792,403,638 | 2,277,155,766 |
| Cashreceivedrelatingtootherfinancingactivities | 12,000,000 | 206,753 |
| Sub-totalofcashinflowsfromoperatingactivities | 1,808,403,638 | 2,277,362,519 |
| Cashrepaymentsofborrowings | 2,351,598,051 | 428,340,521 |
| Cashpaymentsforinterestexpensesanddistributionofdividendsorprofits | 227,681,798 | 791,223,957 |
| Cashpaymentsrelatingtootherfinancingactivities | 23,054,274 | 24,165,012 |
| Sub-totalofcashoutflowsfromoperatingactivities | 2,602,334,123 | 1,243,729,490 |
| Netcashflows(usedin)/fromfinancingactivities | -793,930,485 | 1,033,633,029 |
| IV.Effectofforeignexchangeratechangesoncash | 2,809,041 | 3,195,681 |
| V.Netincrease/(decrease)incashandcashequivalents | -1,954,758,111 | 107,488,197 |
| Add:Cashandcashequivalentsatbeginningofperiod | 4,594,018,251 | 2,756,477,572 |
| VI.Cashandcashequivalentsatendofperiod | 2,639,260,140 | 2,863,965,769 |
Legalrepresentative:ChenLinPrincipalinchargeofaccounting:WangWenxinHeadofaccountingdepartment:WangWenxin
6.Statementofcashflowsoftheparentcompany
Preparedby:CSGHoldingCo.,Ltd.
Unit:RMB
| Item | H12023 | H12022 |
| I.Cashflowsfromoperatingactivities： | ||
| Cashreceivedfromsalesofgoodsorrenderingofservices | 346,331,261 | 191,082,575 |
| Cashreceivedrelatingtootheroperatingactivities | 207,913,289 | 39,349,241 |
| Sub-totalofcashinflowsfromoperatingactivities | 554,244,550 | 230,431,816 |
| Cashpaidforgoodsandservices | 59,456,484 | |
| Cashpaidtoandonbehalfofemployees | 182,805,295 | 179,110,652 |
| Paymentsoftaxesandsurcharges | 22,354,669 | 7,463,566 |
| Cashpaidrelatingtootheroperatingactivities | 17,475,295 | 16,953,909 |
| Sub-totalofcashoutflows | 282,091,743 | 203,528,127 |
| Netcashflowsfrom/(usedin)operatingactivities | 272,152,807 | 26,903,689 |
| II.Cashflowsfrominvestingactivities： | ||
| Cashreceivedfromreturnsoninvestments | 20,000,000 | 1,988,760,000 |
| Cashreceivedfromreturnsoninvestincome | 1,931,308,828 | 664,571,124 |
| Netcashreceivedfromdisposaloffixedassets,intangibleassetsandotherlong-termassets | 2,000 | 2,477,876 |
| Sub-totalofcashinflows | 1,951,310,828 | 2,655,809,000 |
| Cashpaidtoacquirefixedassets,intangibleassetsandotherlong-termassets | 5,775,984 | 3,611,833 |
| Cashpaidtoacquireinvestments | 999,282,840 | 2,835,444,015 |
| Sub-totalofcashoutflows | 1,005,058,824 | 2,839,055,848 |
| Netcashflows(usedin)/frominvestingactivities | 946,252,004 | -183,246,848 |
| III.Cashflowsfromfinancingactivities： | ||
| Cashreceivedfromborrowings | 610,000,000 | 900,000,000 |
| Cashreceivedrelatingtootherfinancingactivities | 379,666,653 | |
| Sub-totalofcashinflows | 610,000,000 | 1,279,666,653 |
| Cashrepaymentsofborrowings | 2,216,543,000 | 310,000,000 |
| Cashpaymentsforinterestexpensesanddistributionofdividendsorprofits | 154,494,391 | 756,638,060 |
| Cashpaidrelatingtootherfinancingactivities | 532,071,876 | 1,017,256 |
| Sub-totalofcashoutflows | 2,903,109,267 | 1,067,655,316 |
| Netcashflows(usedin)/fromfinancingactivities | -2,293,109,267 | 212,011,337 |
| IV.Effectofforeignexchangeratechangesoncash | 18,222 | 1,808,472 |
| V.Netincrease/(decrease)incashandcashequivalents | -1,074,686,234 | 57,476,650 |
| Add:Cashandcashequivalentsatbeginningofperiod | 2,595,003,883 | 1,960,395,527 |
| VI.Cashandcashequivalentsatendofperiod | 1,520,317,649 | 2,017,872,177 |
Legalrepresentative:ChenLinPrincipalinchargeofaccounting:WangWenxinHeadofaccountingdepartment:WangWenxin
7.Consolidatedstatementofchangesinowner'sequity
Preparedby:CSGHoldingCo.,Ltd.H12023
Unit:RMB
| Item | H12023 | ||||||||
| Equityattributabletoshareholdersofparentcompany | Minorityinterests | Totalshareholders'equity | |||||||
| Sharecapital | Capitalsurplus | Othercomprehensiveincome | Specialreserve | Surplusreserve | Undistributedprofits | Sub-total | |||
| I.Balanceattheendofthelastyear | 3,070,692,107 | 596,997,085 | 170,860,478 | 731,580 | 1,228,634,001 | 7,786,968,455 | 12,854,883,706 | 520,787,597 | 13,375,671,303 |
| II.Balanceatthebeginningoftheperiod | 3,070,692,107 | 596,997,085 | 170,860,478 | 731,580 | 1,228,634,001 | 7,786,968,455 | 12,854,883,706 | 520,787,597 | 13,375,671,303 |
| III.Movementsfortheperiod(Decreaseislistedwith“-”) | 10,030,559 | -521,061 | 889,478,780 | 898,988,278 | -3,581,372 | 895,406,906 | |||
| （1）Totalcomprehensiveincome | 10,030,559 | 889,478,780 | 899,509,339 | -7,581,372 | 891,927,967 | ||||
| （2）Capitalincreaseordecreasefromshareholder | 4,000,000 | 4,000,000 | |||||||
| 1．Ordinarysharescontributedbytheowner | 4,000,000 | 4,000,000 | |||||||
| （3）Profitdistribution | |||||||||
| （4）Internalcarry-forwardofowners'equity | |||||||||
| （5）Specialreserve | -521,061 | -521,061 | -521,061 | ||||||
| 1．Specialreserveappropriate | 5,038,984 | 5,038,984 | 5,038,984 | ||||||
| 2．Specialreserveused | 5,560,045 | 5,560,045 | 5,560,045 | ||||||
| （6）Others | |||||||||
| IV.Balanceattheendoftheperiod | 3,070,692,107 | 596,997,085 | 180,891,037 | 210,519 | 1,228,634,001 | 8,676,447,235 | 13,753,871,984 | 517,206,225 | 14,271,078,209 |
7.Consolidatedstatementofchangesinowner'sequity（Continued）Preparedby:CSGHoldingCo.,Ltd.H12022
Unit:RMB
| Item | H12022 | ||||||||
| Equityattributabletoshareholdersofparentcompany | Minorityinterests | Totalshareholders'equity | |||||||
| Sharecapital | Capitalsurplus | Othercomprehensiveincome | Specialreserve | Surplusreserve | Undistributedprofits | Sub-total | |||
| I.Balanceattheendofthelastyear | 3,070,692,107 | 596,997,085 | 159,200,530 | 7,296,397 | 1,144,887,510 | 6,450,587,417 | 11,429,661,046 | 436,813,189 | 11,866,474,235 |
| II.Balanceatthebeginningoftheperiod | 3,070,692,107 | 596,997,085 | 159,200,530 | 7,296,397 | 1,144,887,510 | 6,450,587,417 | 11,429,661,046 | 436,813,189 | 11,866,474,235 |
| III.Movementsfortheperiod(Decreaseislistedwith“-”) | 6,167,540 | -5,443,694 | 387,035,977 | 387,759,823 | 7,416,309 | 395,176,132 | |||
| （1）Totalcomprehensiveincome | 6,167,540 | 1,001,174,398 | 1,007,341,938 | 7,416,309 | 1,014,758,247 | ||||
| （2）Capitalincreaseordecreasefromshareholder | |||||||||
| （3）Profitdistribution | -614,138,421 | -614,138,421 | -614,138,421 | ||||||
| 1．Distributedtoowners(orshareholders) | -614,138,421 | -614,138,421 | -614,138,421 | ||||||
| （4）Internalcarry-forwardofowners'equity | |||||||||
| （5）Specialreserve | -5,443,694 | -5,443,694 | -5,443,694 | ||||||
| 1．Specialreserveappropriate | 4,853,948 | 4,853,948 | 4,853,948 | ||||||
| 2．Specialreserveused | 10,297,642 | 10,297,642 | 10,297,642 | ||||||
| （5）Others | |||||||||
| IV.Balanceattheendoftheperiod | 3,070,692,107 | 596,997,085 | 165,368,070 | 1,852,703 | 1,144,887,510 | 6,837,623,394 | 11,817,420,869 | 444,229,498 | 12,261,650,367 |
Legalrepresentative:ChenLinPrincipalinchargeofaccounting:WangWenxinHeadofaccountingdepartment:WangWenxin
8.Statementofchangesinowners'equityoftheparentcompanyPreparedby:CSGHoldingCo.,Ltd.H12023
Unit:RMB
| Item | H12023 | ||||
| Sharecapital | Capitalsurplus | Surplusreserve | Undistributedprofits | Totalshareholders'equity | |
| I.Balanceattheendofthelastyear | 3,070,692,107 | 741,824,399 | 1,243,179,361 | 1,904,753,271 | 6,960,449,138 |
| II.Balanceatthebeginningoftheperiod | 3,070,692,107 | 741,824,399 | 1,243,179,361 | 1,904,753,271 | 6,960,449,138 |
| III.Movementsfortheperiod(Decreaseislistedwith“-”) | 1,739,878,291 | 1,739,878,291 | |||
| （1）Totalcomprehensiveincome | 1,739,878,291 | 1,739,878,291 | |||
| （2）Capitalincreaseordecreasefromshareholder | |||||
| （3）Profitdistribution | |||||
| （4）Internalcarry-forwardofowners'equity | |||||
| （5）Specialreserve | |||||
| （6）Others | |||||
| IV.Balanceattheendoftheperiod | 3,070,692,107 | 741,824,399 | 1,243,179,361 | 3,644,631,562 | 8,700,327,429 |
8.Statementofchangesinowners'equityoftheparentcompany（Continued）
Preparedby:CSGHoldingCo.,Ltd.H12022
Unit:RMB
| Item | H12022 | ||||
| Sharecapital | Capitalsurplus | Surplusreserve | Undistributedprofits | Totalshareholders'equity | |
| I.Balanceattheendofthelastyear | 3,070,692,107 | 741,824,399 | 1,159,432,870 | 1,765,173,270 | 6,737,122,646 |
| II.Balanceatthebeginningoftheperiod | 3,070,692,107 | 741,824,399 | 1,159,432,870 | 1,765,173,270 | 6,737,122,646 |
| III.Movementsfortheperiod(Decreaseislistedwith“-”) | 57,411,868 | 57,411,868 | |||
| （1）Totalcomprehensiveincome | 671,550,289 | 671,550,289 | |||
| （2）Capitalincreaseordecreasefromshareholder | |||||
| （3）Profitdistribution | -614,138,421 | -614,138,421 | |||
| 1．Distributedtoowners(orshareholders) | -614,138,421 | -614,138,421 | |||
| （4）Internalcarry-forwardofowners'equity | |||||
| （5）Specialreserve | |||||
| （6）Others | |||||
| IV.Balanceattheendoftheperiod | 3,070,692,107 | 741,824,399 | 1,159,432,870 | 1,822,585,138 | 6,794,534,514 |
Legalrepresentative:ChenLinPrincipalinchargeofaccounting:WangWenxinHeadofaccountingdepartment:WangWenxin
III、GENERALINFORMATIONCSGHoldingCo.,Ltd.(the“Company”)wasincorporatedinSeptember1984,knownasChinaSouthGlassCompany,asajointventureenterprisebyHongKongChinaMerchantsShippingCo.,LTD(香港招商局轮船股份有限公司),ShenzhenBuildingMaterialsIndustryCorporation(深圳建筑材料工业集团公司),ChinaNorthIndustriesCorporation(中国北方工业深圳公司)andGuangdongInternationalTrustandInvestmentCorporation(广东国际信托投资公司).TheCompanywasregisteredinShenzhen,GuangdongProvinceofthePeople'sRepublicofChinaanditsheadquartersislocatedinShenzhen,GuangdongProvinceofthePeople'sRepublicofChina.TheCompanyissuedRMB-denominatedordinaryshares(“A-share”)andforeignshares(“B-share”)publiclyinOctober1991andJanuary1992respectively,andwaslistedonShenzhenStockExchangeonFebruary1992.Asat30June2023,theregisteredcapitalwasRMB3,070,692,107,withnominalvalueofRMB1pershare.TheCompanyanditssubsidiaries(collectivelyreferredtoasthe“Group”)aremainlyengagedinthemanufactureandsalesofflatglass,specialisedglass,engineeringglass,energysavingglass,siliconrelatedmaterials,polycrystallinesiliconandsolarcomponentsandelectronic-gradedisplaydeviceglassandtheconstructionandoperationofphotovoltaicplantetc.ThefinancialstatementswereauthorisedforissuebytheBoardofDirectorson25August2023.DetailsonthemajorssubsidiariesincludedintheconsolidatedscopeincurrentyearwerestatedinNote.IV、BASISOFPREPARATIONOFFINANCIALSTATEMENTS
1、Basisofpreparationoffinancialstatements
ThefinancialstatementsarepreparedinaccordancewiththeAccountingStandardsforBusinessEnterprises-BasicStandard,andthespecificaccountingstandardsandotherrelevantregulationsissuedbytheMinistryofFinanceon15February2006andinsubsequentperiods(hereaftercollectivelyreferredtoas“theAccountingStandardforBusinessEnterprises”or“CAS”),andInformationDisclosureRuleNo.15forCompanieswithPublicTradedSecurities-FinancialReportingGeneralProvisionissuedbyChinaSecurityRegulatoryCommission.
2、Goingconcern
Thepresentfinancialreporthasbeenpreparedonthebasisofgoingconcernassumptions.
V、SIGNIFICANTACCOUNTINGPOLICIESANDACCOUNTINGESTIMATESTheGroupdeterminesitsspecificaccountingpoliciesandaccountingestimatestomanufacturingandoperationfeature.Itmainlyreflectedinexpectedcreditimpairmentlossesofreceivableswasmeasured,inventorycostingmethod,Depreciationoffixedassetsandamortizationofintangibleassets,criteriafordeterminingcapitaliseddevelopmentexpenditure,andtimingforrevenuerecognition.PleaseseethekeyjudgementsadoptedbytheGroupinapplyingimportantaccountingpolicies.
1、StatementofcompliancewiththeAccountingStandardsforBusinessEnterprises
ThefinancialstatementsoftheCompanyforthesixmonthsended30June2023areincompliancewiththeAccountingStandardsforBusinessEnterprises,andtrulyandcompletelypresentthefinancialpositionoftheconsolidatedandtheCompanyasat30June2023andtheirfinancialperformance,cashflowsforthesixmonthsthenended.
2、Accountingyear
TheCompany’saccountingyearstartson1Januaryandendson31December.
3、OperatingcycleTheCompany’soperatingcyclestartson1Januaryandendson31December.
4、RecordingcurrencyTherecordingcurrencyisRenminbi(RMB).
5、Accountingtreatmentofbusinesscombinationsunderthecommoncontrolandundernon-commoncontrol(a)BusinesscombinationsinvolvingenterprisesundercommoncontrolTheconsiderationpaidandnetassetsobtainedbytheabsorbingpartyinabusinesscombinationaremeasuredatbookvalue.Ifthemergedpartywasacquiredbytheultimatecontrollingpartyfromathirdpartyinthepreviousyear,theassetsandliabilitiesofthemergedparty(includingthegoodwillformedbytheultimatecontrollingparty’sacquisitionofthemergedparty).Thedifferencebetweenbookvalueofthenetassetsobtainedfromthecombinationandbookvalueoftheconsiderationpaidforthecombinationistreatedasanadjustmenttocapitalsurplus(sharepremium).Ifthecapitalsurplus(sharepremium)isnotsufficienttoabsorbthedifference,theremainingbalanceisadjustedagainstretainedearnings.Costsdirectlyattributabletothecombinationareincludedinprofitorlossintheperiodinwhichtheyareincurred.Transactioncostsassociatedwiththeissueofequityordebtsecuritiesforthebusinesscombinationareincludedintheinitiallyrecognisedamountsoftheequityordebtsecurities.(b)Businesscombinationsinvolvingenterprisesundernon-commoncontrolThecostofcombinationandidentifiablenetassetsobtainedbytheacquirerinabusinesscombinationaremeasuredatfairvalueattheacquisitiondate.Wherethecostofthecombinationexceedstheacquirer’sinterestinthefairvalueoftheacquiree’sidentifiablenetassets,thedifferenceisrecognisedasgoodwill;wherethecostofcombinationislowerthantheacquirer’sinterestinthefairvalueoftheacquiree’sidentifiablenetassets,thedifferenceisrecognisedinprofitorlossforthecurrentperiod.Costsdirectlyattributabletothecombinationareincludedinprofitorlossintheperiodinwhichtheyareincurred.Transactioncostsassociatedwiththeissueofequityordebtsecuritiesforthebusinesscombinationareincludedintheinitiallyrecognisedamountsoftheequityordebtsecurities.
6、Methodologyforthepreparationofconsolidatedfinancialstatement
TheconsolidatedfinancialstatementscomprisethefinancialstatementsoftheCompanyandallofitssubsidiaries.
SubsidiariesareconsolidatedfromthedateonwhichtheGroupobtainscontrolandarede-consolidatedfromthedatethatsuchcontrolceases.Forasubsidiarythatisacquiredinabusinesscombinationinvolvingenterprisesundercommoncontrol,itisincludedintheconsolidatedfinancialstatementsfromthedatewhenit,togetherwiththeCompany,comesundercommoncontroloftheultimatecontrollingparty.Theportionofthenetprofitsrealisedbeforethecombinationdateispresentedseparatelyintheconsolidatedincomestatement.Inpreparingtheconsolidatedfinancialstatements,wheretheaccountingpoliciesandtheaccountingperiodsoftheCompanyandsubsidiariesareinconsistent,thefinancialstatementsofthesubsidiariesareadjustedinaccordancewiththeaccountingpoliciesandtheaccountingperiodoftheCompany.Forsubsidiariesacquiredfrombusinesscombinationsinvolvingenterprisesnotundercommoncontrol,theindividualfinancialstatementsofthesubsidiariesareadjustedbasedonthefairvalueoftheidentifiablenetassetsattheacquisitiondate.Allsignificantintra-groupbalances,transactionsandunrealisedprofitsareeliminatedintheconsolidatedfinancialstatements.Theportionofsubsidiaries’equityandtheportionofasubsidiaries’netprofitsandlossesandcomprehensiveincomesfortheperiodnotattributabletoCompanyarerecognisedasminorityinterestsandpresentedseparatelyintheconsolidatedfinancialstatementsunderequity,netprofitsandtotalcomprehensiveincomerespectively.UnrealisedprofitsandlossesresultingfromthesalesofassetsbytheCompanytoitssubsidiariesarefullyeliminatedagainstnetprofitattributabletoshareholdersoftheparentcompany.UnrealisedprofitsandlossesresultingfromthesalesofassetsbyasubsidiarytotheCompanyareeliminatedandallocatedbetweennetprofitattributabletoshareholdersoftheparentcompanyandnon-controllinginterestsinaccordancewiththeallocationproportionoftheparentcompanyinthesubsidiary.Unrealisedprofitsandlossesresultingfromthesalesofassetsbyonesubsidiarytoanotherareeliminatedandallocatedbetweennetprofitattributabletoshareholdersoftheparentcompanyandnon-controllinginterestsinaccordancewiththeallocationproportionoftheparentinthesubsidiary.Afterthecontroloverthesubsidiaryhasbeengained,wholeorpartialminorityequitiesofthesubsidiaryownedbyminorityshareholdersareacquiredfromthesubsidiary’sminorityshareholders.Intheconsolidatedfinancialstatements,thesubsidiary'sassetsandliabilitiesarereflectedwithamountbasedoncontinuouscalculationstartingfromtheacquisitiondateorconsolidationdate.Capitalsurplusisadjustedaccordingtothedifferencebetweennewlyincreasedlong-termequityinvestmentarisingfromacquisitionofminorityequityandtheshareofnetassetscalculatedbasedoncurrentshareholdingratiothattheparentcompanyisentitledto.Theshareissubjecttocontinuouscalculationstartingfromtheacquisitiondateorconsolidationdate.Ifthecapitalsurplus(capitalpremiumorsharecapitalpremium)isnotsufficienttoabsorbthedifference,theremainingbalanceisadjustedagainstretainedearnings.IftheaccountingtreatmentofatransactionwhichconsiderstheGroupasanaccountingentityisdifferentfromthatconsiderstheCompanyoritssubsidiariesasanaccountingentity,itisadjustedfromtheperspectiveoftheGroup.
7、StandardsfordeterminingcashandcashequivalentsCashandcashequivalentsrefertocashinhand,depositsthatcanbeusedforpaymentatanytime,andinvestmentswithshortholdingperiods,strongliquidity,easyconversionintoknownamountsofcash,andlowriskofvaluechanges.
8、Foreigncurrencytransactionsandtranslationofforeigncurrencystatement(a)ForeigncurrencytransactionForeigncurrencytransactionsaretranslatedintoRMBusingtheexchangeratesprevailingatthedatesofthetransactions.
Onthebalancesheetdate,monetaryitemsdenominatedinforeigncurrenciesaretranslatedintoRMBusingthespotexchangeratesonthebalancesheetdate.Exchangedifferencesarisingfromthesetranslationsarerecognisedinprofitorlossorothercomprehensiveincomeforthecurrentperiod,exceptforthoseattributabletoforeigncurrencyborrowingsthathavebeentakenoutspecificallyfortheacquisitionorconstructionofqualifyingassets,whicharecapitalisedaspartofthecostofthoseassets.Non-monetaryitemsdenominatedinforeigncurrenciesthataremeasuredathistoricalcostsaretranslatedatthebalancesheetdateusingthespotexchangeratesatthedateofthetransactions.Theeffectofexchangeratechangesoncashispresentedseparatelyinthecashflowstatement.(b)TranslationofforeigncurrencyfinancialstatementsTheassetandliabilityitemsinthebalancesheetsforoverseasoperationsaretranslatedatthespotexchangeratesonthebalancesheetdate.Amongtheshareholders’equityitems,theitemsotherthan“undistributedprofits”aretranslatedatthespotexchangeratesofthetransactiondates.Theincomeandexpenseitemsintheincomestatementsofoverseasoperationsaretranslatedatthespotexchangeratesofthetransactiondates.Thedifferencesarisingfromtheabovetranslationarepresentedseparatelyinothercomprehensiveincomeitemsintheshareholders’equity.Thecashflowsofoverseasoperationsaretranslatedatthespotexchangeratesonthedatesofthecashflows.Theeffectofexchangeratechangesoncashispresentedseparatelyinthecashflowstatement.
9、Financialinstrument
Afinancialinstrumentisanycontractthatgivesrisetoafinancialassetofoneentityandafinancialliabilityorequityinstrumentofanotherentity.AfinancialassetorafinancialliabilityisrecognisedwhentheGroupbecomesapartytothecontractualprovisionsoftheinstrument.(a)Financialassets(i)ClassificationandmeasurementBasedonthebusinessmodelformanagingthefinancialassetsandthecontractualcashflowcharacteristicsofthefinancialassets,financialassetsareclassifiedas:(1)financialassetsatamortisedcost;(2)financialassetsatfairvaluethroughothercomprehensiveincome;(3)financialassetsatfairvaluethroughprofitorloss.Thefinancialassetsaremeasuredatfairvalueatinitialrecognition.Relatedtransactioncoststhatareattributabletotheacquisitionofthefinancialassetsareincludedintheinitiallyrecognisedamounts,exceptforthefinancialassetsatfairvaluethroughprofitorloss,therelatedtransactioncostsofwhicharerecogniseddirectlyinprofitorlossforthecurrentperiod.Accountsreceivableornotesreceivablearisingfromsalesofproductsorrenderingofservices(excludingorwithoutregardtosignificantfinancingcomponents)areinitiallyrecognisedattheconsiderationthatisentitledtobechargedbytheGroupasexpected.DebtinstrumentsThedebtinstrumentsheldbytheGrouprefertotheinstrumentsthatmeetthedefinitionoffinancialliabilitiesfromtheperspectiveoftheissuer,andaremeasuredinthefollowingways.Measuredatamortisedcost
TheobjectiveoftheGroup'sbusinessmodelistoholdthefinancialassetstocollectthecontractualcashflows,andthecontractualcashflowcharacteristicsareconsistentwithabasiclendingarrangement,whichgivesriseonspecifieddatestothecontractualcashflowsthataresolelypaymentsofprincipalandinterestontheprincipalamountoutstanding.Theinterestincomeofsuchfinancialassetsisrecognisedusingtheeffectiveinterestmethod.Suchfinancialassetsmainlyincludecashatbankandonhand,accountsreceivable,otherreceivables,debtinvestmentsandlong-termreceivables.TheGrouppresentsdebtinvestmentsandlong-termreceivablesmaturingwithinoneyear(inclusive)fromthebalancesheetdateasnon-currentassetsmaturingwithinoneyear;Debtinvestmentswithamaturityofoneyear(inclusive)atthetimeofacquisitionarelistedasothercurrentassets.Financialassetsatfairvaluethroughothercomprehensiveincome:
TheobjectiveoftheGroup'sbusinessmodelistoholdthefinancialassetstocollectthecontractualcashflowsandsellingastarget,andthecontractualcashflowcharacteristicsareconsistentwithabasiclendingarrangement.Suchfinancialassetsaremeasuredatfairvalueandtheirchangesareincludedinothercomprehensiveincome,butimpairmentlossesorgains,exchangegainsandlosses,andinterestincomecalculatedbytheeffectiveinterestratemethodareallincludedinthecurrentprofitandloss.Suchfinancialassetsmainlycomprisereceivablefinancingandotherfinancialdebtinvestment.Otherfinancialdebtinvestmentthatareduewithinoneyear(inclusive)asfromthebalancesheetdateareincludedinthecurrentportionasothercurrentassets.Measuredatfairvaluethroughprofitorloss:
DebtinstrumentsheldbytheGroupthatarenotdividedintothoseatamortisedcost,orthosemeasuredatfairvaluethroughothercomprehensiveincome,aremeasuredatfairvaluethroughprofitorlossandincludedinfinancialassetsheldfortrading.Atinitialrecognition,theGroupdesignatesaportionoffinancialassetsasatfairvaluethroughprofitorlosstoeliminateorsignificantlyreduceanaccountingmismatch.Financialassetsthatareduewithinoneyear(inclusive)asfromthebalancesheetdateandareexpectedtobeheldoveroneyearareincludedinothernon-currentfinancialassets.EquityinstrumentsInvestmentsinequityinstruments,overwhichtheGrouphasnocontrol,jointcontrolorsignificantinfluence,aremeasuredatfairvaluethroughprofitorlossunderfinancialassetsheldfortrading;investmentsinequityinstrumentsexpectedtobeheldoveroneyearasfromthebalancesheetdateareincludedinothernon-currentfinancialassets.Inaddition,aportionofcertaininvestmentsinequityinstrumentsnotheldfortradingaredesignatedasfinancialassetsatfairvaluethroughothercomprehensiveincomeunderotherinvestmentsinequityinstruments.Therelevantdividendincomeofsuchfinancialassetsisrecognisedinprofitorlossforthecurrentperiod.(ii)ImpairmentTheGroupconfirmsthelossprovisionbasedonexpectedcreditlossesforfinancialassetsmeasuredatamortisedcost,debtinstrumentinvestmentsatfairvaluethroughothercomprehensiveincome,andfinancialguaranteecontracts,basedonexpectedcreditlosses(ECL)andrecognizesallowancesforlosses.Givingconsiderationtoreasonableandsupportableinformationonpastevents,currentconditionsandforecastsoffutureeconomicconditions,aswellasthedefaultriskweight,theexpectedcreditlosswasconfirmed.
Oneachbalancesheetdate,theexpectedcreditlossesoffinancialinstrumentsatdifferentstagesaremeasuredrespectively.12-monthECLprovisionisrecognisedforfinancialinstrumentsinStage1thathavenothadasignificantincreaseincreditrisksinceinitialrecognition;lifetimeECLprovisionisrecognisedforfinancialinstrumentsinStage2thathavehadasignificantincreaseincreditriskyetwithoutcreditimpairmentsinceinitialrecognition;andlifetimeECLprovisionisrecognisedforfinancialinstrumentsinStage3thathavehadcreditimpairmentsinceinitialrecognition.Forthefinancialinstrumentswithlowercreditriskonthebalancesheetdate,theGroupassumesthereisnosignificantincreaseincreditrisksinceinitialrecognitionandrecognisesthe12-monthECLprovision.ForthefinancialinstrumentsinStage1,Stage2andwithlowercreditrisk,theGroupcalculatestheinterestincomebyapplyingtheeffectiveinterestratetothegrosscarryingamount(beforedeductionoftheimpairmentprovision).ForthefinancialinstrumentinStage3,theinterestincomeiscalculatedbyapplyingtheeffectiveinterestratetotheamortisedcost(afterdeductionoftheimpairmentprovisionfromthegrosscarryingamount).Fornotesandaccountsreceivablesandfactoringreceivablesarisingfromdailybusinessactivitiessuchassellingcommoditiesandprovidinglaborservices,theGrouprecognisesthelifetimeexpectedcreditlossprovisionregardlessofwhetherthereexistsasignificantfinancingcomponent.Incasetheexpectedcreditlossesofanindividuallyassessedfinancialassetcannotbeevaluatedwithreasonablecost,theGroupdividesthereceivablesintocertaingroupingsbasedoncreditriskcharacteristics,andcalculatestheexpectedcreditlossesforthegroupings.Basisfordeterminedgroupingsandmethodforprovisionareasfollows:
| Class | Item | Method |
| NotesreceivablesPortfolio1 | BankacceptanceNotes | Expectedcreditlossmethod |
| NotesreceivablesPortfolio2 | TradeacceptanceNotes | Expectedcreditlossmethod |
| AccountsreceivablesPortfolio1 | Receivablesnon-relatedthirdparty | Expectedcreditlossmethod |
| AccountsreceivablesPortfolio2 | Receivablesrelatedparty | Expectedcreditlossmethod |
| ReceivablesFinancingPortfolio1 | BankacceptanceNotes | Expectedcreditlossmethod |
| OtherreceivablesPortfolio1 | Receivablesnon-relatedthirdparty | Expectedcreditlossmethod |
| OtherreceivablesPortfolio2 | Receivablesrelatedparty | Expectedcreditlossmethod |
Fornotesandaccountsreceivablesandreceivablefinancingarisingfromdailybusinessactivitiessuchassellingcommoditiesandprovidinglaborservices,theGroupreferstohistoricalcreditlossexperience,combinedwithcurrentconditionsandpredictionsoffutureeconomicconditions.Inadditiontonotesreceivable,factoringreceivablesandotherreceivablesclassifiedasacombination,theGroupreferstohistoricalcreditlossexperience,combinescurrentconditionsandpredictionsoffutureeconomicconditions,andpassesdefaultriskexposureandfuture12Theexpectedcreditlossratewithinamonthortheentiredurationiscalculatedastheexpectedcreditloss.TheGrouprecognisesthelossprovisionmadeorreversedintoprofitorlossforthecurrentperiod.Fordebtinstrumentsthatareheldatfairvalueandwhosechangesareincludedinothercomprehensiveincome,theGroupadjustsothercomprehensiveincomewhileaccountingforimpairmentlossesorgainsinthecurrentprofitorloss.(iii)Derecognition
Afinancialassetisderecognisedwhenanyofthebelowcriteriaismet:(1)thecontractualrightstoreceivethecashflowsfromthefinancialassetexpire;(2)thefinancialassethasbeentransferredandtheGrouptransferssubstantiallyalltherisksandrewardsofownershipofthefinancialassettothetransferee;or(3)thefinancialassethasbeentransferredandtheGrouphasnotretainedcontrolofthefinancialasset,althoughtheGroupneithertransfersnorretainssubstantiallyalltherisksandrewardsofownershipofthefinancialasset.(b)FinancialliabilitiesFinancialliabilitiesareclassifiedasfinancialliabilitiesatamortisedcostandfinancialliabilitiesatfairvaluethroughprofitorlossatinitialrecognition.TheGroup'sfinancialliabilitiesaremainlycomprisefinancialliabilitiesatamortisedcost,includingbillspayable,accountspayable,andotherpayables.Thistypeoffinancialliabilityisinitiallymeasuredatitsfairvalueafterdeductingtransactioncosts,andissubsequentlymeasuredusingtheactualinterestratemethod.Ifthematurityislessthanoneyear(includingoneyear),itislistedascurrentliabilities;Thosewithamaturityoflessthanoneyear(includingoneyear)arelistedascurrentliabilities;thosewithamaturityofmorethanoneyearbutduewithinoneyear(includingoneyear)fromthebalancesheetdatearelistedasnon-currentliabilitiesduewithinoneyear.Therestarelistedasnon-currentliabilities.Afinancialliabilityisderecognisedorpartlyderecognisedwhentheunderlyingpresentobligationisdischargedorpartlydischarged.Thedifferencebetweenthecarryingamountofthederecognisedpartofthefinancialliabilityandtheconsiderationpaidisrecognisedinprofitorlossforthecurrentperiod.(c)DeterminationoffairvalueoffinancialinstrumentsThefairvalueofafinancialinstrumentthatistradedinanactivemarketisdeterminedatthequotedpriceintheactivemarket.Thefairvalueofafinancialinstrumentthatisnottradedinanactivemarketisdeterminedbyusingavaluationtechnique.Invaluation,theGroupadoptsvaluationtechniquesapplicableinthecurrentsituationandsupportedbyadequateavailabledataandotherinformation,selectsinputswiththesamecharacteristicsasthoseofassetsorliabilitiesconsideredinrelevanttransactionsofassetsorliabilitiesbymarketparticipants,andgivesprioritytotheuseofrelevantobservableinputs.Whenrelevantobservableinputsarenotavailableorfeasible,unobservableinputsareadopted.
10、Inventories
(a)ClassificationInventoriesrefertomanufacturingsector,includingrawmaterials,workinprogress,finishedgoodsandturnovermaterials,andaremeasuredatthelowerofcostandnetrealisablevalue.(b)IssuedInventorycostingmethodCostisdeterminedusingtheweightedaveragemethod.Thecostoffinishedgoodsandworkinprogresscompriserawmaterials,directlabourandsystematicallyallocatedproductionoverheadbasedonthenormalproductioncapacity.(c)AmortisationmethodsoflowvalueconsumablesandpackagingmaterialsTurnovermaterialsincludelowvalueconsumablesandpackagingmaterials,whichareexpensedwhenissued.(d)Thedeterminationofnetrealisablevalueandthemethodofprovisionfordeclineinthevalueofinventories
Provisionfordeclineinthevalueofinventoriesisdeterminedattheexcessamountofbookvaluesoftheinventoriesovertheirnetrealisablevalue.Netrealisablevalueisdeterminedbasedontheestimatedsellingpriceintheordinarycourseofbusiness,lesstheestimatedcoststocompletionandestimatedcostsnecessarytomakethesaleandrelatedtaxes.(e)TheGroupadoptstheperpetualinventorysystem.
11、AssetsclassifiedasheldforsaleAnon-currentassetoradisposalgroupisclassifiedasheldforsalewhenallofthefollowingconditionsaresatisfied:(1)thenon-currentassetorthedisposalgroupisavailableforimmediatesaleinitspresentconditionsubjecttotermsthataretraditionallyandcustomaryforsales;(2)theGrouphasmadearesolutionandobtainedappropriateapprovalfordisposalofthenon-currentassetorthedisposalgroup,andthetransferistobecompletedwithinoneyear.Non-currentassets(exceptforfinancialassets,investmentpropertiesatfairvalueanddeferredtaxassets)thatmeettherecognitioncriteriaforheldforsalearerecognisedattheamountequaltothelowerofthefairvaluelesscoststosellandbookvalue.Thedifferencebetweenfairvaluelesscoststosellandcarryingamount,shouldbepresentedasimpairmentloss.Suchnon-currentassetsandassetsincludedindisposalgroupsasclassifiedasheldforsaleareaccountedforascurrentassets;whileliabilitiesincludedindisposalgroupsclassifiedasheldforsaleareaccountedforascurrentliabilities,andarepresentedseparatelyinthebalancesheet.AdiscontinuedoperationisacomponentoftheGroupthateitherhasbeendisposedoforisclassifiedasheldforsale,andisseparatelyidentifiableoperationallyandforfinancialreportingpurposes,andsatisfiesoneofthefollowingconditions:(1)representsaseparatemajorlineofbusinessorgeographicalareaofoperations;(2)ispartofasinglecoordinatedplantodisposeofaseparatemajorlineofbusinessorgeographicalareaofoperations;and(3)isasubsidiaryacquiredexclusivelywithaviewtoresale.Thediscontinuedoperationprofitsonincomestatementpresentationhaveincludedtheprofitsandlossofoperationanddisposal.
12、Long-termequityinvestmentsLong-termequityinvestmentscomprisetheCompany’slong-termequityinvestmentsinitssubsidiaries,andtheGroup’slong-termequityinvestmentsinitsassociates.SubsidiariesaretheinvesteesoverwhichtheCompanyisabletoexercisecontrol.AssociatesaretheinvesteesthattheGrouphassignificantinfluenceontheirfinancialandoperatingpolicies.InvestmentsinsubsidiariesaremeasuredusingthecostmethodintheCompany’sfinancialstatements,andadjustedbyusingtheequitymethodwhenpreparingtheconsolidatedfinancialstatements.Investmentsinassociatesareaccountedforusingtheequitymethod.(a)InitialrecognitionofinvestmentcostForlong-termequityinvestmentsformedinbusinesscombination:whenobtainedfrombusinesscombinationsinvolvingentitiesundercommoncontrol,thelong-termequityinvestmentisstatedatcarryingamountofequityforthecombinedpartiesatthetime
ofmerger;whenthelong-termequityinvestmentobtainedfrombusinesscombinationsinvolvingentitiesnotundercommoncontrol,theinvestmentismeasuredatcombinationcost.Forlong-termequityinvestmentsnotformedinbusinesscombination:theonepaidbycashisinitiallymeasuredatactualpurchaseprice;thelong-terminvestmentobtainedbyissuingequitysecuritiesisstatedatfairvalueofequitysecuritiesasinitialinvestmentcost.(b)SubsequentmeasurementandrecognitionofrelatedprofitorlossForlong-termequityinvestmentsaccountedforusingthecostmethod,theyaremeasuredattheinitialinvestmentcosts,andcashdividendsorprofitdistributiondeclaredbytheinvesteesarerecognisedasinvestmentincomeinprofitorloss.Forlong-termequityinvestmentsaccountedforusingtheequitymethod,wheretheinitialinvestmentcostofalong-termequityinvestmentexceedstheGroup’sshareofthefairvalueoftheinvestee’sidentifiablenetassetsattheacquisitiondate,thelong-termequityinvestmentismeasuredattheinitialinvestmentcost;wheretheinitialinvestmentcostislessthantheGroup’sshareofthefairvalueoftheinvestee’sidentifiablenetassetsattheacquisitiondate,thedifferenceisincludedinprofitorlossandthecostofthelong-termequityinvestmentisadjustedupwardsaccordingly.Undertheequitymethod,theGrouprecognisestheinvestmentincomeaccordingtoitsshareofnetprofitorlossoftheinvestee.TheGroupdiscontinuesrecognisingitsshareofthenetlossesofaninvesteeafterbookvaluesofthelong-termequityinvestmenttogetherwithanylong-termintereststhatinsubstanceformpartoftheinvestor’snetinvestmentintheinvesteearereducedtozero.However,iftheGrouphasobligationsforadditionallossesandthecriteriawithrespecttorecognitionofprovisionsundertheaccountingstandardsoncontingenciesaresatisfied,theGroupcontinuesrecognisingtheinvestmentlossesandtheprovisions.Forchangesinowners’equityoftheinvesteeotherthanthosearisingfromitsnetprofitorloss,itsproportionateshareisdirectlyrecordedintocapitalsurplus,providedthattheproportionoftheshareholdingoftheGroupintheinvesteeremainsunchanged.BookvalueoftheinvestmentisreducedbytheGroup’sshareoftheprofitdistributionorcashdividendsdeclaredbyaninvestee.Theunrealisedprofitsorlossesarisingfromtheintra-grouptransactionsamongsttheGroupanditsinvesteesareeliminatedinproportiontotheGroup’sequityinterestintheinvestees,andthenbasedonwhichtheinvestmentgainsorlossesarerecognised.AnylossesresultingfromtransactionsbetweentheGroupanditsinvesteesattributabletoassetimpairmentlossesarenoteliminated.(c)Basisfordeterminingexistenceofcontrol,jointlycontrolorsignificantinfluenceoverinvesteesTheterm"control"referstothepowerintheinvestees,toobtainvariablereturnsbyparticipatingintherelatedbusinessactivitiesoftheinvestees,andtheabilitytoaffectthereturnsbyexercisingitspowerovertheinvestees.Theterm"significantinfluence"referstothepowertoparticipateintheformulationoffinancialandoperatingpoliciesofanenterprise,butnotthepowertocontrol,orjointlycontrol,theformulationofsuchpolicieswithotherparties.(d)Impairmentoflong-termequityinvestmentsBookvalueoflong-termequityinvestmentsinsubsidiariesandassociatesisreducedtotherecoverableamountwhentherecoverableamountislessthanbookvalue.
13、Investmentproperty
Investmentpropertyincludesleasedlanduserights,landuserightsheldandprovidedfortotransferafterappreciationandleasedbuildingandconstruction.
Investmentpropertiesareinitiallymeasuredatacquisitioncost.ThecostofoutsourcingInvestmentpropertyincludesthepurchaseprice,relevanttaxesandotherexpendituresthatcanbedirectlyattributabletotheasset;thecostofself-builtInvestmentpropertyisdeterminedbytheconstructionoftheasset.Thecompositionofthenecessaryexpendituresincurredbeforetheusablestate.Investmentpropertyadoptsthefairvaluemodelforsubsequentmeasurementwithoutdepreciationoramortization.Onthebalancesheetdate,thebookvalueoftheinvestmentpropertiesareinitiallymeasuredatacquisitioncostisadjustedbasedonthefairvalueoftheinvestmentpropertiesareinitiallymeasuredatacquisitioncost.Thedifferencebetweenthefairvalueandtheoriginalbookvaluewillbecalculatedintothecurrentprofitandloss.WhentheuseofanInvestmentpropertyischangedtoself-use,theinvestmentpropertyisconvertedintofixedassetsorintangibleassetsfromthedateofchange,andthebookvalueandfairvalueofthefixedassetsandintangibleassetsaredeterminedbasedonthefairvalueoftheinvestmentpropertyontheconversiondate.Thedifferencewiththeoriginalbookvalueoftheinvestmentpropertyisincludedinthecurrentprofitandloss.Whenthepurposeofself-userealestateischangedtoearningrentorcapitalappreciation,fromthedateofchange,thefixedassetsorintangibleassetsareconvertedintoinvestmentpropertiesareinitiallymeasuredatacquisitioncost,andthefairvalueonthedayofconversionisusedasthebookvalueoftheinvestmentpropertiesareinitiallymeasuredatacquisitioncost,andthefairvalueonthedayofconversionIfthevalueislessthantheoriginalbookvalueoffixedassetsandintangibleassets,thedifferenceisincludedinthecurrentprofitandloss.Ifthefairvalueonthedayofconversionisgreaterthantheoriginalbookvalueoffixedassetsandintangibleassets,thedifferenceisincludedinothercomprehensiveincome.Whenaninvestmentpropertyisdisposedoforpermanentlywithdrawnfromuseanditisexpectedthatnoeconomicbenefitscanbeobtainedfromitsdisposal,theconfirmationoftheinvestmentrealestateshallbeterminated.Thedisposalincomefromthesale,transfer,scrappingordestructionofinvestmentrealestateshalldeductitsbookvalueandrelevanttaxesandshallbeincludedinthecurrentprofitsandlosses.Ifthereisanamountincludedinothercomprehensiveincomeontheoriginalconversiondate,itwillalsobecarriedforwardandincludedinthecurrentprofitandloss.
14、Fixedassets
（1）Recognitionandinitialmeasurement
Fixedassetscomprisebuildings,machineryandequipment,motorvehiclesandothers.FixedassetsarerecognisedwhenitisprobablethattherelatedeconomicbenefitswillprobablyflowtotheGroupandthecostscanbereliablymeasured.FixedassetspurchasedorconstructedbytheGroupareinitiallymeasuredatcostattheacquisitiondate.SubsequentexpendituresincurredforafixedassetareincludedinthecostofthefixedassetwhenitisprobablethattheassociatedeconomicbenefitswillflowtotheGroupandtherelatedcostcanbereliablymeasured.Bookvalueofthereplacedpartisderecognised.Alltheothersubsequentexpendituresarerecognisedinprofitorlossintheperiodinwhichtheyareincurred.
（2）Depreciationmethods
Fixedassetsaredepreciatedusingthelifeaveragemethodtoallocatethecostoftheassetstotheirestimatedresidualvaluesovertheirestimatedusefullives.Forthefixedassetsthathavebeenprovidedforimpairmentloss,therelateddepreciationchargeisprospectivelydeterminedbasedupontheadjustedcarryingamountsovertheirremainingusefullives.
Theestimatedusefullives,theestimatednetresidualvaluesexpressedasapercentageofcostandtheannualdepreciationratesoffixedassetsareasfollows:
| Type | Depreciationmethods | Estimatedusefullives | Estimatednetresidualvalue | Annualdepreciationrate |
| Buildings | Thelifeaveragemethod | 20to35years | 5% | 2.71%to4.75% |
| Machineryandequipment | Thelifeaveragemethod | 8to20years | 5% | 4.75%to11.88% |
| Transportationandothers | Thelifeaveragemethod | 5to8years | 0% | 12.50%to20% |
Theestimatedusefullife,theestimatednetresidualvalueofafixedassetandthedepreciationmethodappliedtotheassetarereviewed,andadjustedasappropriateateachyear-end.
（3）Bookvalueofafixedassetisreducedtotherecoverableamountwhentherecoverableamountisbelowbookvalue.
（4）Disposal
Afixedassetisderecognisedondisposalorwhennofutureeconomicbenefitsareexpectedfromitsuseordisposal.Theamountofproceedsfromdisposalsonsale,transfer,retirementordamageofafixedassetnetofitscarryingamountandrelatedtaxesandexpensesisrecognisedinprofitorlossforthecurrentperiod.
15、Constructioninprogress
Constructioninprogressisrecordedatactualcost.Actualcostcomprisesconstructioncost,installationcost,borrowingcostseligibleforcapitalisedconditionandnecessaryexpendituresincurredforitsintendeduse.Constructioninprogressistransferredtofixedassetswhentheassetsarereadyfortheirintendeduse,anddepreciationbeginsfromthefollowingmonth.Bookvalueofconstructioninprogressisreducedtotherecoverableamountwhentherecoverableamountisbelowbookvalue.
16、BorrowingcostsTheborrowingcoststhataredirectlyattributabletotheacquisitionandconstructionofanassetthatneedsasubstantiallylongperiodoftimeforitsintendedusecommencetobecapitalisedandrecordedaspartofthecostoftheassetwhenexpendituresfortheassetandborrowingcostshavebeenincurred,andtheactivitiesrelatingtotheacquisitionandconstructionthatarenecessarytopreparetheassetforitsintendedusehavecommenced.Thecapitalisationofborrowingcostsceaseswhentheassetunderacquisitionorconstructionbecomesreadyforitsintendeduseandtheborrowingcostsincurredthereafterarerecognisedinprofitorlossforthecurrentperiod.Capitalisationofborrowingcostsissuspendedduringperiodsinwhichtheacquisitionorconstructionofafixedassetisinterruptedabnormallyandtheinterruptionlastsformorethan3months,untiltheacquisitionorconstructionisresumed.Forthespecificborrowingsobtainedfortheacquisitionorconstructionofanassetqualifyingforcapitalisation,theamountofborrowingcostseligibleforcapitalisationisdeterminedbydeductinganyinterestincomeearnedfromdepositingtheunused
specificborrowingsinthebanksoranyinvestmentincomearisingonthetemporaryinvestmentofthoseborrowingsduringthecapitalisationperiod.Forthegeneralborrowingsobtainedfortheacquisitionorconstructionofanassetqualifyingforcapitalisation,theamountofborrowingcostseligibleforcapitalisationisdeterminedbyapplyingtheweightedaverageeffectiveinterestrateofgeneralborrowings,totheweightedaverageoftheexcessamountofcumulativeexpendituresontheassetovertheamountofspecificborrowings.Theeffectiveinterestrateistherateatwhichtheestimatedfuturecashflowsduringtheperiodofexpecteddurationoftheborrowingsorapplicableshorterperiodarediscountedtotheinitialamountoftheborrowings.
17、Intangibleassets
（1）Valuationmethod,servicelife,impairmenttestIntangibleassets,mainlyincludinglanduserights,patentsandproprietarytechnologies,exploitationrightsandothers,aremeasuredatcost.(a)LanduserightsLanduserightsareamortisedonthestraight-linebasisovertheirapproveduseperiodof30to70years.Iftheacquisitioncostsofthelanduserightsandthebuildingslocatedthereoncannotbereasonablyallocatedbetweenthelanduserightsandthebuildings,alloftheacquisitioncostsarerecognisedasfixedassets.(b)PatentsandproprietarytechnologiesPatentsareamortisedonastraight-linebasisovertheestimateduselife.(c)ExploitationrightsExploitationrightsareamortisedonastraight-linebasisoverpermittedexploitationperiodsorthebeneficiallifeontheexploitationcertificate.(d)PeriodicalreviewofusefullifeandamortisationmethodForanintangibleassetwithafiniteusefullife,reviewofitsusefullifeandamortisationmethodisperformedateachyear-end,withadjustmentmadeasappropriate.(e)ImpairmentofintangibleassetsBookvalueofintangibleassetsisreducedtotherecoverableamountwhentherecoverableamountisbelowbookvalue.
（2）InternalResearchanddevelopmentexpenditureaccountingpolicyTheexpenditureonaninternalresearchanddevelopmentprojectisclassifiedintoexpenditureontheresearchphaseandexpenditureonthedevelopmentphasebasedonitsnatureandwhetherthereismaterialuncertaintythattheresearchanddevelopmentactivitiescanformanintangibleassetatendoftheproject.Expenditureontheresearchphaserelatedtoplannedsurvey,evaluationandselectionforresearchonmanufacturingtechniqueisrecognisedinprofitorlossintheperiodinwhichitisincurred.Priortomassproduction,expenditureonthedevelopmentphaserelatedtothedesignandtestingphaseinregardstothefinalapplicationofmanufacturingtechniqueiscapitalisedonlyifallofthefollowingconditionsaresatisfied:
·thedevelopmentofmanufacturingtechniquehasbeenfullydemonstratedbytechnicalteam;·managementhasapprovedthebudgetforthedevelopmentofmanufacturingtechnique;·thereareresearchandanalysisofpre-marketresearchexplainingthatproductsmanufacturedwithsuchtechniquearecapableofmarketing;·Thereissufficienttechniqueandcapitaltosupportthedevelopmentofmanufacturingtechnologyandsubsequentmassproduction;andtheexpenditureonmanufacturingtechnologydevelopmentcanbereliablygathered.Otherdevelopmentexpendituresthatdonotmeettheconditionsabovearerecognisedinprofitorlossintheperiodinwhichtheyareincurred.Developmentcostspreviouslyrecognisedasexpensesarenotrecognisedasanassetinasubsequentperiod.Capitalisedexpenditureonthedevelopmentphaseispresentedasdevelopmentcostsinthebalancesheetandtransferredtointangibleassetsatthedatethattheassetisreadyforitsintendeduse.
18、Impairmentoflong-termassets
Fixedassets,constructioninprogress,intangibleassetswithfiniteusefullivesandlong-termequityinvestmentsinjointventuresandassociatesaretestedforimpairmentifthereisanyindicationthattheassetsmaybeimpairedonthebalancesheetdate;intangibleassetsnotreadyfortheirintendedusearetestedatleastannuallyforimpairment,irrespectiveofwhetherthereisanyindicationthattheymaybeimpaired.Iftheresultoftheimpairmenttestindicatesthattherecoverableamountofanassetislessthanitscarryingamount,aprovisionforimpairmentandanimpairmentlossarerecognisedfortheamountbywhichtheasset’scarryingamountexceedsitsrecoverableamount.Therecoverableamountisthehigherofanasset’sfairvaluelesscoststosellandthepresentvalueofthefuturecashflowsexpectedtobederivedfromtheasset.Provisionforassetimpairmentisdeterminedandrecognisedontheindividualassetbasis.Ifitisnotpossibletoestimatetherecoverableamountofanindividualasset,therecoverableamountofagroupofassetstowhichtheassetbelongsisdetermined.Agroupofassetsisthesmallestgroupofassetsthatisabletogenerateindependentcashinflows.Goodwillthatisseparatelypresentedinthefinancialstatementsistestedatleastannuallyforimpairment,irrespectiveofwhetherthereisanyindicationthatitmaybeimpaired.Inconductingthetest,bookvalueofgoodwillisallocatedtotherelatedassetgroupsorgroupsofassetgroupswhichareexpectedtobenefitfromthesynergiesofthebusinesscombination.Iftheresultofthetestindicatesthattherecoverableamountofanassetgrouporgroupofassetgroups,includingtheallocatedgoodwill,islowerthanitsbookvalue,thecorrespondingimpairmentlossisrecognised.Theimpairmentlossisfirstdeductedfrombookvalueofgoodwillthatisallocatedtotheassetgrouporgroupofassetgroups,andthendeductedfrombookvaluesofotherassetswithintheassetgroupsorgroupsofassetgroupsinproportiontobookvaluesofassetsotherthangoodwill.Oncetheaboveassetimpairmentlossisrecognised,itwillnotbereversedforthevaluerecoveredinthesubsequentperiods.
19、Long-termprepaidexpenses
Long-termprepaidexpensesincludetheexpendituresthathavebeenincurredbutshouldberecognisedasexpensesovermorethanoneyearinthecurrentandsubsequentperiods.Long-termprepaidexpensesareamortisedonthestraight-linebasisovertheexpectedbeneficialperiodandarepresentedatactualexpenditurenetofaccumulatedamortisation.
20、EmployeebenefitsEmployeebenefitsincludeshort-termemployeebenefits,post-employmentbenefits,terminationbenefitsandotherlong-termemployeebenefitsprovidedinvariousformsofconsiderationinexchangeforservicerenderedbyemployeesorcompensationsfortheterminationofemploymentrelationship.
（1）Short-termemployeebenefits
Short-termemployeebenefitsincludewagesorsalaries,bonuses,allowancesandsubsidies,staffwelfare,medicalcare,workinjuryinsurance,maternityinsurance,housingfunds,labourunionfunds,employeeeducationfundsandpaidshort-termleave,etc.Theemployeebenefitliabilitiesarerecognisedintheaccountingperiodinwhichtheserviceisrenderedbytheemployees,withacorrespondingchargetotheprofitorlossforthecurrentperiodorthecostofrelevantassets.Employeebenefitswhicharenon-monetarybenefitsshallbemeasuredatfairvalue.
（2）Post-employmentbenefits
TheGroupclassifiespost-employmentbenefitplansaseitherdefinedcontributionplansordefinedbenefitplans.Definedcontributionplansarepost-employmentbenefitplansunderwhichtheGrouppaysfixedcontributionsintoaseparatefundandwillhavenoobligationtopayfurthercontributions;anddefinedbenefitplansarepost-employmentbenefitplansotherthandefinedcontributionplans.Duringthereportingperiod,theGroup'spost-employmentbenefitsmainlyincludebasicpensionsandunemploymentinsurance,bothofwhichbelongtothedefinedcontributionplans.
（3）Basicpensions
TheGroup’semployeesparticipateinthebasicpensionplansetupandadministeredbylocalauthoritiesofMinistryofHumanResourceandSocialSecurity.Monthlypaymentsofpremiumsonthebasicpensionsarecalculatedaccordingtoprescribedbasesandpercentagebytherelevantlocalauthorities.Whenemployeesretire,locallabourandsocialsecurityinstitutionshaveadutytopaythebasicpensioninsurancetothem.Theamountsbasedontheabovecalculationsarerecognisedasliabilitiesintheaccountingperiodinwhichtheservicehasbeenrenderedbytheemployees,withacorrespondingchargetotheprofitorlossforthecurrentperiodorthecostofrelevantassets.
（4）Terminationbenefits
TheGroupprovidescompensationforterminatingtheemploymentrelationshipwithemployeesbeforetheendoftheemploymentcontractsorasanoffertoencourageemployeestoacceptvoluntaryredundancybeforetheendoftheemploymentcontracts.TheGrouprecognisesaliabilityarisingfromcompensationforterminationoftheemploymentrelationshipwithemployees,withacorrespondingchargetoprofitorlossattheearlierofthefollowingdates:1)whentheGroupcannotunilaterallywithdrawtheofferofterminationbenefitsbecauseofanemploymentterminationplanoracurtailmentproposal;2)whentheGrouprecognisescostsorexpensesrelatedtotherestructuringthatinvolvesthepaymentofterminationbenefits.Theterminationbenefitsexpectedtobepaidwithinoneyearsincethebalancesheetdateareclassifiedascurrentliabilities.
21、ProvisionsBusinessrestructuring,provisionsforproductwarranties,losscontractsetc.arerecognisedwhentheGrouphasapresentobligation,itisprobablethatanoutflowofeconomicbenefitswillberequiredtosettletheobligation,andtheamountoftheobligationcanbemeasuredreliably.Aprovisionisinitiallymeasuredatthebestestimateoftheexpenditurerequiredtosettletherelatedpresentobligation.Factorssurroundingacontingency,suchastherisks,uncertaintiesandthetimevalueofmoney,aretakenintoaccountasawholeinreachingthebestestimateofaprovision.Wheretheeffectofthetimevalueofmoneyismaterial,thebestestimateisdeterminedbydiscountingtherelatedfuturecashoutflows.Theincreaseinthediscountedamountoftheprovisionarisingfrompassageoftimeisrecognisedasinterestexpense.Bookvalueofprovisionisreviewedateachbalancesheetdateandadjustedtoreflectthecurrentbestestimate.Theprovisionsexpectedtobepaidwithinoneyearsincethebalancesheetdateareclassifiedascurrentliabilities.
22、Share-basedpaymentsShare-basedpaymentsaredividedintoequity-settledandcash-settledpayments.Theterm"equity-settledshare-basedpayment"referstoatransactioninwhichanenterprisegrantssharesorotherequityinstrumentsasaconsiderationinreturnforservices.Equity-settledshare-basedpaymentTheGroup‘sstockoptionplanistheequity-settledshare-basedpaymentinexchangeofemployees'servicesandismeasuredatthefairvalueoftheequityinstrumentsatgrantdate.Theequityinstrumentsareexercisableafterservicesinvestingperiodarecompletedorspecifiedperformanceconditionsaremet.Inthevestingperiod,theservicesobtainedincurrentperiodareincludedinrelevantcostandexpensesatthefairvalueoftheequityinstrumentsatgrantdatebasedonthebestestimateofthenumberofexercisableequityinstruments,andcapitalsurplusisincreasedaccordingly.TheGroupmakesthebestestimateofthenumberofvestingequityinstrumentsbasedonthelatestobtainedchangesinthenumberofvestedemployees,whethertherequiredperformanceconditionsaremet,andotherfollow-upinformation.Ifthesubsequentinformationindicatesthenumberofexercisableequityinstrumentsdiffersfromthepreviousestimate,anadjustmentismadeand,ontheexercisedate,theestimateisrevisedtoequalthenumberofactualvestedequityinstruments.Intheperiodatwhichperformanceconditionsandtermofservicearemet,therelevantcostandexpensesofequity-settledpaymentshouldberecognized,andcapitalsurplusisincreasedaccordingly.Beforetheexercisedate,theaccruingamountsofequity-settledpaymentsonbalancesheetdatereflectthepartofexpiredwaitingperiodandoptimalestimationforthenumberoftheCompanyfinalvestedequityinstruments.Ifthenon-marketconditionsandtermofservicearenotmetsothatshare-basedpaymentfailtoexercise,thecostsandexpensesonthisportionshouldnotberecognized.Iftheshare-basedpaymentagreementsetsoutthemarketconditionsandtermofnon-vesting,aslongasperformanceconditionsandtermofservicearemet,itisshouldberegardasexercisableright,nomatterthemarketconditionsandnon-vestingconditionsaremeetornot.Ifthetermsofequity-settledpaymentaremodified,atleasttheserviceisconfirmedinaccordancewiththeunmodifiedterms.Inaddition,theincreaseofthefairvalueoftheauthorizedequityinstruments,orthebeneficialchangestotheemployeesonthemodificationdate,theincreaseofserviceareconfirmed.Iftheequity-settledpaymentiscancelled,thecancellationdateshallbedeemedasanexpeditedexercise,andtheunconfirmedamountshallbeconfirmedimmediately.Iftheemployeeorotherpartyis
abletochoosetomeetthenon-vestingconditionsbutnotsatisfiedinthewaitingperiod,equity-settledpaymentshouldbecancelled.Butifanewequityinstrumentisgranted,andthenewequityinstrumentisconfirmtoreplacetheoldequityinstrumentwhichiscanceledintheauthorizationdateofthenewequityinstrument,thenewequityinstrumentshouldbedisposedbyusingthesameconditionsandtermsoftheoldequityinstrumentformodifications.
23、RevenueTheGrouprecognisesrevenueattheconsiderationthattheGroupisentitledtochargeasexpectedwhentheGrouphasfulfilledtheperformanceobligationsinthecontract,thatis,thecustomerobtainscontroloverrelevantgoodsorservices.a.SalesofgoodsTheGroupmainlysellsflatandengineeringglass,productsrelatedtosolarenergy,andelectronicglassanddisplays.Fordomesticsales,theGroupdeliverstheproductstoacertainplacespecifiedinthecontract.Whenthebuyertakesoverthegoods,theGrouprecognisesrevenue.Forexportsales,theGrouprecognisestherevenuewhenitfinishedclearinggoodsforexportanddeliverthegoodsonboardthevessel,orwhenthegoodsaredeliveredtoacertainplacespecifiedinthecontract.ThecreditperiodgrantedbytheGrouptocustomersisdeterminedbasedonthecustomer'screditriskcharacteristics,consistentwithindustrypractices,andthereisnomajorfinancingcomponent.TheGroup’sobligationtotransfergoodstocustomersforconsiderationreceivedorreceivablefromcustomersislistedascontractliabilities.Revenueispresentedasthenetamountafterdeductingsalesdiscountsandsalesreturns.b.RenderingofservicesTheGroupprovidesexternalconsulting,loading,unloading,transportationandprocessinglaborservices,andrecognizesrevenuewithinaperiodoftimebasedontheprogressofthecompletedlabor.Theprogressofthecompletedlaborisdeterminedaccordingtotheproportionofthecostincurredtotheestimatedtotalcost.Onthebalancesheetdate,theGroupre-estimatestheprogressofcompletedlaborservicessothatitcanreflectchangesincontractperformance.WhentheGrouprecognizesrevenuebasedontheperformanceprogressofthecompletedlaborservices,theportionforwhichtheGrouphasobtainedtheunconditionalrighttoreceivepaymentsisrecognizedasaccountsreceivable,andtheremainingportionisrecognizedascontractassets,andtheCompanymeasuresthelossreserveofaccountsreceivableandcontractassets.accordingtotheexpectedcreditloss;IfthecontractpricereceivedorreceivablebytheGroupexceedsthecompletedprogress,theexcessisrecognizedascontractliabilities.TheGrouppresentsthecontractassetsandcontractliabilitiesunderthesamecontractasanetamount.
24、Governmentgrants
Governmentgrantsaretransfersofmonetaryornon-monetaryassetsfromthegovernmenttotheGroupatnilconsideration,includingtaxrefundandfinancialsubsidies,etc.AgovernmentgrantisrecognisedwhenthereisareasonableassurancethatthegrantswillbereceivedandtheGroupwillcomplywithallattachedconditions.Monetarygovernmentgrantsaremeasuredattheamountsreceivedorreceivable.Non-monetarygovernmentgrantaremeasuredatfairvalue,ifthefairvaluecannotbereliablyobtained,itismeasuredatnominalamount.
Thegovernmentgrantsrelatedtoassetsrefertogovernmentgrantobtainedbyenterprisesandusedforpurchaseandconstructionoflong-termassetsorformationoflong-termassetinotherways.Thegovernmentgrantsrelatedtoincomerefertograntsotherthanthoserelatedtoassets.Forgovernmentgrantsrelatedtoincome,wherethegrantisacompensationforrelatedexpensesorlossestobeincurredbytheGroupinthesubsequentperiods,thegrantisrecognisedasdeferredincome,andincludedinprofitorlossovertheperiodsinwhichtherelatedcostsarerecognised;wherethegrantisacompensationforrelatedexpensesorlossesalreadyincurredbytheGroup,thegrantisrecognisedimmediatelyinprofitorlossforthecurrentperiod.Thecompanyusethesamemethodofpresentationforsimilargovernmentgrants.Theordinaryactivitygovernmentgrantsshouldbecountedintooperatingprofits;thegovernmentgrantswhichnotbelongordinaryactivitiesshouldbecountedintonon-operatingincome.
25、Deferredtaxassetsanddeferredtaxliabilities
Deferredtaxassetsanddeferredtaxliabilitiesarecalculatedandrecognisedbasedonthedifferencesarisingbetweenthetaxbasesofassetsandliabilitiesandtheircarryingamounts(temporarydifferences).Deferredtaxassetisrecognisedforthedeductiblelossesthatcanbecarriedforwardtosubsequentyearsfordeductionofthetaxableprofitinaccordancewiththetaxlaws.Nodeferredtaxliabilityisrecognisedforatemporarydifferencearisingfromtheinitialrecognitionofgoodwill.Nodeferredtaxassetordeferredtaxliabilityisrecognisedforthetemporarydifferencesresultingfromtheinitialrecognitionofassetsorliabilitiesduetoatransactionotherthanabusinesscombination,whichaffectsneitheraccountingprofitnortaxableprofit(ordeductibleloss).Atthebalancesheetdate,deferredtaxassetsanddeferredtaxliabilitiesaremeasuredatthetaxratesthatareexpectedtoapplytotheperiodwhentheassetisrealisedortheliabilityissettled.Deferredtaxassetsareonlyrecognisedfordeductibletemporarydifferences,deductiblelossesandtaxcreditstotheextentthatitisprobablethattaxableprofitwillbeavailableinthefutureagainstwhichthedeductibletemporarydifferences,deductiblelossesandtaxcreditscanbeutilised.Deferredtaxliabilitiesarerecognisedfortemporarydifferencesarisingfrominvestmentsinsubsidiariesandassociates,exceptwheretheGroupisabletocontrolthetimingofreversalofthetemporarydifference,anditisprobablethatthetemporarydifferencewillnotreverseintheforeseeablefuture.Whenitisprobablethatthetemporarydifferencesarisingfrominvestmentsinsubsidiariesandassociateswillbereversedintheforeseeablefutureandthatthetaxableprofitwillbeavailableinthefutureagainstwhichthetemporarydifferencescanbeutilised,thecorrespondingdeferredtaxassetsarerecognised.Deferredtaxassetsandliabilitiesthatmeetthefollowingconditionsatthesametimearelistedasthenetamountafteroffset:
·DeferredincometaxassetsanddeferredincometaxliabilitiesarerelatedtothesametaxpayerwithintheGroupandthesametaxationauthority;and·ThattaxentitywithintheGrouphasalegallyenforceablerighttooffsetcurrenttaxassetsagainstcurrenttaxliabilities.
26、Leases
Aleasingisacontractinwhichthelessorcedestherighttouseanassettothelesseeforacertainperiodoftimeinreturnforconsideration.
(a)TheGroupactsasthelesseeTheCompanyrecognizestheright-of-useassetsonthecommencementdateoftheleasetermandrecognizestheleaseliabilitiesatthepresentvalueoftheoutstandingleasepayments.Theleasepaymentsincludefixedpayments,aswellaspaymentswherethereisreasonablecertaintythatapurchaseoptionwillbeexercisedoraleaseoptionwillbeterminated.Thevariablerentdeterminedbasedonacertainpercentageofsalesisnotincludedintheleasepayment,andisincludedinthecurrentprofitandlosswhenitactuallyoccurs.TheGroupwilllisttheleaseliabilitiespaidwithinoneyear(inclusive)fromthebalancesheetdateasnon-currentliabilitiesduewithinoneyearOnthecommencementdate,theCompanyshallinitiallymeasuretheright-of-useassetatcost.Thecostoftheright-of-useassetshallcomprisetheamountoftheinitialmeasurementoftheleaseliabilityandanyleasepaymentsmadeatorbeforethecommencementdate,andanyinitialdirectcostsincurredbythelesseeetc,lessanyleaseincentivesreceived,IfownershipoftheleasedassettransferstotheGroupattheendoftheleaseterm,depreciationiscalculatedusingtheestimatedusefullifeoftheasset.Otherwise,theright-of-useassetsaredepreciatedovertheshorteroftheleasetermandtheestimatedusefullivesoftheassets.Wherethecarryingamountofanassetoracashgeneratingunitexceedsitsrecoverableamount,theassetorcashgeneratingunitisconsideredimpairedandiswrittendowntoitsrecoverableamount.Ashort-termleaseisaleasethat,atthecommencementdate,hasaleasetermof12monthsorless,andhasalow-valueassetleases.TheGroupdoesnotrecognizetheright-of-useassetsandleaseliabilities.TheGrouprecognizesleasepaymentsonshort-termleasesandleasesoflow-valueassetsintherelatedassetcostsorprofitorlossonastraight-linebasisovertheleaseterm.TheGroupaccountsforaleasemodificationasaseparateleaseifboth:(1)themodificationincreasesthescopeoftheleasebyaddingtherighttouseoneormoreunderlyingassets;(2)theconsiderationfortheleaseincreasesbyanamountcommensuratewiththestand-alonepricefortheincreaseinscopeandanyappropriateadjustmentstothatstand-alonepricetoreflectthecircumstancesoftheparticularcontract.Foraleasemodificationthatisnotaccountedforasaseparatelease,attheeffectivedateoftheleasemodificationtheGroupremeasurestheleaseliabilitybydiscountingtherevisedleasepaymentsusingareviseddiscountrate.Decreasingthecarryingamountoftheright-of-useassettoreflectthepartialorfullterminationoftheleaseforleasemodificationsthatdecreasethescopeofthelease.TheGrouprecognizesinprofitorlossanygainorlossrelatingtothepartialorfullterminationofthelease.Otherleasemodificationswillremeasureleaseliabilities,andthegroupwillmakeacorrespondingadjustmenttotheright-of-useassetbookvalue.(b)TheGroupactsasthelessorAleasethattransferssubstantiallyalltherisksandrewardsassociatedwiththeownershipoftheleasedassetisafinancelease.Otherleasesareoperatingleases.(i)OperatingleaseWhentheCompanyoperatesleasedbuildings,machineryandequipment,andmeansoftransport,therentalincomefromoperatingleasesshallberecognizedinaccordancewiththestraight-linemethodduringtheleaseterm.TheCompanywillincludevariable
rentdeterminedbasedonapercentageofsalesinrentalincomewhenitactuallyincurs.Foranymodificationtoanoperatinglease,theGrouptreatsitasanewleasefromtheeffectivedateofthemodification,andthereceivedorreceivableleasepaymentsrelatedtotheleasepriortothemodificationaretreatedasleasepaymentsofthenewlease.(ii)FinanceleaseOnthebeginningdateoftheleaseterm,theCompanyrecognizesthefinanceleasereceivablesforfinanceleasesandderecognizesrelatedassets.TheCompanypresentsthefinanceleasereceivablesaslong-termreceivables,andthefinanceleasereceivablesreceivedwithinoneyear(includingoneyear)fromthebalancesheetdatearepresentedasnon-currentassetsduewithinoneyear.
27、Criticalaccountingpoliciesandaccountingestimates
TheGroupcontinuallyEstimatesthecriticalaccountingestimatesandkeyassumptionsappliedbasedonhistoricalexperienceandotherfactors,includingexpectationsoffutureeventsthatarebelievedtobereasonable.Thecriticalaccountingestimatesandkeyassumptionsthathaveasignificantriskofpossiblycausingamaterialadjustmenttobookvaluesofassetsandliabilitieswithinthenextaccountingyearareoutlinedbelow:
(a)IncometaxTheGroupissubjecttoIncometaxinnumerousjurisdictions.Therearesometransactionsandeventsforwhichtheultimatetaxdeterminationisuncertainduringtheordinarycourseofbusiness.SignificantjudgementisrequiredfromtheGroupindeterminingtheprovisionforIncometaxineachofthesejurisdictions.Wherethefinalidentifiedoutcomeofthesetaxmattersisdifferentfromtheinitially-recordedamount,suchdifferencewillimpacttheincometaxexpensesanddeferredincometaxintheperiodinwhichsuchdeterminationisfinallymade.(b)DeferredincometaxEstimatesondeferredtaxassetsarebasedonestimatesonamountoftaxableincomeandapplicabletaxrateforeveryyear.RealisationofdeferredincometaxaresubjecttosufficienttaxableincomethatarepossibletobeobtainedbytheGroupinthefuture.Changeofthefuturetaxrateaswellasthereversedtimeoftemporarydifferencemighthaveeffectsontaxexpense(income)andthebalanceofdeferredtaxassetsorliabilities.Thoseestimatesmayalsocausesignificantadjustmentondeferredtax.(c)Impairmentoflong-termassets(excludinggoodwill)Long-termassetsonthebalancesheetdateshouldbesubjecttoimpairmenttestingifthereareanyindicationsofimpairment.Managementdetermineswhetherthelong-termassetsimpairedornotbyevaluatingandanalysingfollowingaspects:(1)whethertheeventaffectingassetsimpairmentoccurs;(2)whethertheexpectedobtainablepresentvalueoffuturecashflowsislowerthantheasset’scarryingamountbycontinuallyusingtheassetsordisposal;and(3)whethertheassumptionsusedinexpectedobtainablepresentvalueoffuturecashflowsareappropriate.Variousassumptions,includingthediscountrateandgrowthrateappliedinthemethodofpresentvalueoffuturecashflow,arerequiredinevaluatingtherecoverableamountofassets.Iftheseassumptionscannotbeconformed,therecoverableamountshouldbemodified,andthelong-termassetsmaybeimpairedaccordingly.(d)Theusefullifeoffixedassets
Managementestimatestheusefullifeoffixedassets,basedonhistoricalexperiencesonusingfixedassetsthathavesimilarpropertiesandfunctions.Whentherearedifferencesbetweenactuallyusefullifeandpreviouslyestimation,managementwilladjustestimationtousefullifeoffixedassets.Thefixedassetswouldbewrittenofforwrittendownwhenfixedassetsbeendisposedorbecameredundant.Thus,theestimatedresultbasedonexistingexperiencemaybedifferentfromtheactualresultofthenextaccountingperiod,whichmaycausemajoradjustmenttobookvalueoffixedassetsonbalancesheet.(e)GoodwillimpairmentGoodwillimpairmentreviewsareundertakenannuallyormorefrequentlyifeventsorchangesincircumstancesindicateapotentialimpairment.Forthepurposeofimpairmenttesting,goodwillacquiredinabusinesscombinationisallocatedtoeachofthecash-generatingunits(“CGUs”),orgroupsofCGUs,andfuturecashflowfromeachCGUorCGUsisforcastedanddiscountedwithappropriatediscountrate.
28、Significantchangesinaccountingpoliciesandaccountingestimates
（1）Significantchangesinaccountingpolicies
√Applicable□Notapplicable
| Contentsandreasonsofchangesinaccountingestimates | Approvalprocedure | Remark |
| On30November2022,theMinistryofFinanceissued"InterpretationNo.16oftheAccountingStandardsforBusinessEnterprises"(FinanceandAccounting[2021]No.31)(hereinafterreferredtoas"InterpretationNo.16"),whichregulatestheaccountingtreatmentfortheincometaximpactofdividendsrelatedtofinancialinstrumentsclassifiedasequityinstrumentsbytheissuerandtheaccountingtreatmentforthemodificationofcashsettledshare-basedpaymentstoequitysettledshare-basedpaymentsbyenterprisesshallbeimplementedfromthedateofpromulgation;Theaccountingtreatmentfordeferredincometaxrelatedtoassetsandliabilitiesarisingfromindividualtransactionsthatarenotexemptfrominitialrecognitionwillbeimplementedfrom1January2023. | Itwasreviewedandapprovedthe"ProposalonChangesinAccountingPolicies"bytheboardofdirectorson24April2023. | TheadoptionofInterpretationNo.16didnothaveasignificantimpactonthefinancialconditionandoperatingresultsoftheCompany. |
（2）Significantchangesinaccountingestimates
□Applicable√Notapplicable
（3）Adjustmentstotheopeningfinancialstatementitemsin2023whenanewaccountingstandardisfirstadopted
□Applicable√Notapplicable
29、Others
（1）Safetyproductioncosts
AccordingtorelevantregulationsoftheMinistryofFinanceandNationalAdministrationofWorkSafety,asubsidiaryoftheGroupwhichisengagedinproducingandsellingpolysiliconappropriatessafetyproductioncostsonfollowingbasis:
(a)4.5%forrevenuebelowRMB10million(inclusive)oftheyear;
(b)2.25%fortherevenuebetweenRMB10milliontoRMB100million(inclusive)oftheyear;(c)0.55%fortherevenuebetweenRMB100milliontoRMB1billion(inclusive)oftheyear;(d)0.2%fortherevenueaboveRMB1billionoftheyear.Thesafetyproductioncostsaremainlyusedfortheoverhaul,renewalandmaintenanceofsafetyfacilities.Thesafetyproductioncostsarechargedtocostsofrelatedproductsorprofitorlosswhenappropriated,andsafetyproductioncostsinequityaccountarecreditedcorrespondingly.Whenusingthespecialreserve,iftheexpendituresareexpensesinnature,theexpensesincurredareoffsetagainstthespecialreservedirectlywhenincurred.Iftheexpendituresarecapitalexpenditures,whenprojectsarecompletedandtransferredtofixedassets,thespecialreserveshouldbeoffsetagainstthecostoffixedassets,andacorrespondingaccumulateddepreciationarerecognised.Thefixedassetsarenolongerbedepreciatedinfuture.
（2）Segmentinformation
TheGroupidentifiesoperatingsegmentsbasedontheinternalorganisationstructure,managementrequirementsandinternalreportingsystem,anddisclosessegmentinformationofreportablesegmentswhichisdeterminedonthebasisofoperatingsegments.AnoperatingsegmentisacomponentoftheGroupthatsatisfiesallofthefollowingconditions:(1)thecomponentisabletoearnrevenueandincurexpensesfromitsordinaryactivities;(2)whoseoperatingresultsareregularlyreviewedbytheGroup’smanagementtomakedecisionsaboutresourcestobeallocatedtothesegmentandtoassessitsperformance,and(3)forwhichtheinformationonfinancialposition,operatingresultsandcashflowsisavailabletotheGroup.Iftwoormoreoperatingsegmentshavesimilareconomiccharacteristicsandsatisfycertainconditions,theyareaggregatedintoonesingleoperatingsegment.VI、TAXATION
1、ThemaincategoriesandratesoftaxesapplicabletotheGrouparesetoutbelow:
| Category | Taxablebasis | Taxrate |
| Enterpriseincometax | Taxableincome | 0%-25% |
| Value-addedtax(“VAT”) | Taxablevalue-addedamount(TaxpayableiscalculatedusingthetaxablesalesamountmultipliedbytheapplicabletaxratelessdeductibleVATinputofthecurrentperiod) | 3%-13% |
| Citymaintenanceandconstructiontax | VATpaid | 1%-7% |
| Educationalsurcharge | VATpaid | 5% |
2、Taxincentives
ThemaintaxincentivestheGroupisentitledtoareasfollows:
TianjinCSGEnergy-SavingGlassCo.,Ltd.(“TianjinEnergyConservation”)passedreviewonahighandnewtechenterprisein2021andobtainedtheCertificateofHighandNewTechEnterprise,theperiodofvalidityisthreeyears.Itappliesto15%taxrateforthreeyearssince2021.
DongguanCSGArchitecturalGlassCo.,Ltd.(“DongguanCSG”)passedreviewonahighandnewtechenterprisein2022andobtainedtheCertificateofHighandNewTechEnterprise,theperiodofvalidityisthreeyears.Itappliesto15%taxrateforthreeyearssince2022.WujiangCSGEastChinaArchitecturalGlassCo.,Ltd.(“WujiangCSGEngineering”)passedreviewonahighandnewtechenterprisein2020andobtainedtheCertificateofHighandNewTechEnterprise,theperiodofvalidityisthreeyears.Itappliesto15%taxrateforthreeyearssince2020.Asthecompanyiscurrentlygoingthroughthe2023reviewofitshigh-techenterprisecertificate,theincometaxrateof15%wasprovisionallyadoptedforthereportperiod.DongguanCSGSolarGlassCo.,Ltd.(“DongguanCSGSolar”)passedreviewonahighandnewtechenterprisein2020andobtainedtheCertificateofHighandNewTechEnterprise,theperiodofvalidityisthreeyears.Itappliesto15%taxrateforthreeyearssince2020.Asthecompanyiscurrentlygoingthroughthe2023reviewofitshigh-techenterprisecertificate,theincometaxrateof15%wasprovisionallyadoptedforthereportperiod.YichangCSGPolysiliconCo.,Ltd.(“YichangCSGPolysilicon”)passedreviewonahighandnewtechenterprisein2020andobtainedtheCertificateofHighandNewTechEnterprise,theperiodofvalidityisthreeyears.Itappliesto15%taxrateforthreeyearssince2020.Asthecompanyiscurrentlygoingthroughthe2023reviewofitshigh-techenterprisecertificate,theincometaxrateof15%wasprovisionallyadoptedforthereportperiod.DongguanCSGPV-techCo.,Ltd.(“DongguanCSGPV-tech”)passedreviewonahighandnewtechenterprisein2022andobtainedtheCertificateofHighandNewTechEnterprise,theperiodofvalidityisthreeyears.Itappliesto15%taxrateforthreeyearssince2022.HebeiShichuangGlassCo.,Ltd.(“HebeiShichuang”)passedreviewonahighandnewtechenterprisein2022andobtainedtheCertificateofHighandNewTechEnterprise,theperiodofvalidityisthreeyears.Itappliesto15%taxrateforthreeyearssince2022.WujiangCSGGlassCo.,Ltd.(“WujiangCSG”)passedreviewonahighandnewtechenterprisein2020,andobtainedtheCertificateofHighandNewTechEnterprise,andtheperiodofvaliditywasthreeyears.Itappliesto15%taxrateforthreeyearssince2020.Asthecompanyiscurrentlygoingthroughthe2023reviewofitshigh-techenterprisecertificate,theincometaxrateof15%wasprovisionallyadoptedforthereportperiod.XianningCSGGlassCoLtd.(“XianningCSG”)passedreviewonahighandnewtechenterprisein2020,andobtainedtheCertificateofHighandNewTechEnterprise,andtheperiodofvaliditywasthreeyears.Itappliesto15%taxrateforthreeyearssince2020.Asthecompanyiscurrentlygoingthroughthe2023reviewofitshigh-techenterprisecertificate,theincometaxrateof15%wasprovisionallyadoptedforthereportperiod.XianningCSGEnergy-SavingGlassCo.,Ltd.(“XianningCSGEnergy-Saving”)passedreviewonahighandnewtechenterprisein2021,andobtainedtheCertificateofHighandNewTechEnterprise,andtheperiodofvaliditywasthreeyears.Itappliesto15%taxrateforthreeyearssince2021.YichangCSGPhotoelectricGlassCo.,Ltd.(“YichangCSGPhotoelectric”)passedreviewonahighandnewtechenterprisein2021,andobtainedtheCertificateofHighandNewTechEnterprise,andtheperiodofvaliditywasthreeyears.Itappliesto15%taxrateforthreeyearssince2021.
YichangCSGDisplayCo.,Ltd(“YichangCSGDisplay”)passedreviewonahighandnewtechenterprisein2021,andobtainedtheCertificateofHighandNewTechEnterprise,andtheperiodofvaliditywasthreeyears.Itappliesto15%taxrateforthreeyearssince2021.QingyuanCSGNewEnergy-SavingMaterialsCo.,Ltd.(“QingyuanCSGEnergy-Saving”)passedreviewonahighandnewtechenterprisein2022,andobtainedtheCertificateofHighandNewTechEnterprise,andtheperiodofvaliditywasthreeyears.Itappliesto15%taxrateforthreeyearssince2022.HebeiCSGGlassCoLtd.(“HebeiCSG”)passedreviewonahighandnewtechenterprisein2021,andobtainedtheCertificateofHighandNewTechEnterprise,andtheperiodofvaliditywasthreeyears.Itappliesto15%taxrateforthreeyearssince2021.ShenzhenCSGAppliedTechnologyCoLtd.(“ShenzhenTechnology”)passedreviewonahighandnewtechenterprisein2021,andobtainedtheCertificateofHighandNewTechEnterprise,andtheperiodofvaliditywasthreeyears.Itappliesto15%taxrateforthreeyearssince2021.XianningCSGPhotoelectricGlassCo.,Ltd.(“XianningPhotoelectric”)passedreviewonahighandnewtechenterprisein2022andobtainedtheCertificateofHighandNewTechEnterprise,theperiodofvalidityisthreeyears.Itappliesto15%taxrateforthreeyearssince2022.DongguanCSGCrystalYuxinMaterialsCo.,Ltd.("DongguanJingYuCompany")passedreviewonahighandnewtechenterprisein2021andobtainedtheCertificateofHighandNewTechEnterprise,theperiodofvalidityisthreeyears.Itappliesto15%taxrateforthreeyearssince2021.ZhaoqingCSGEnergySavingGlassCo.,Ltd.(hereinafterreferredtoas"ZhaoqingEnergySavingCompany")passedreviewonahighandnewtechenterprisein2022andobtainedtheCertificateofHighandNewTechEnterprise,theperiodofvalidityisthreeyears.Itappliesto15%taxrateforthreeyearssince2022.SichuanCSGEnergyConservationGlassCo.,Ltd.(“SichuanCSGEnergyConservation”)obtainsenterpriseincometaxpreferentialtreatmentforWesternDevelopment,andtemporarilycalculatesenterpriseincometaxatataxrateof15%forcurrentyear.ChengduCSGGlassCo.,Ltd.(“ChengduCSG”)obtainsenterpriseincometaxpreferentialtreatmentforWesternDevelopment,andtemporarilycalculatesenterpriseincometaxatataxrateof15%forcurrentyear.Xi'anCSGEnergySavingGlassTechnologyCo.,Ltd.(hereinafterreferredtoas"Xi'anEnergySavingCompany")obtainsenterpriseincometaxpreferentialtreatmentforWesternDevelopment,andtemporarilycalculatesenterpriseincometaxatataxrateof15%forcurrentyear.GuangxiCSGNewEnergyMaterialsTechnologyCo.,Ltd.(hereinafterreferredtoas"GuangxiNewEnergyMaterialsCompany")obtainsenterpriseincometaxpreferentialtreatmentforWesternDevelopment,andtemporarilycalculatesenterpriseincometaxatataxrateof15%forcurrentyear.
QinghaiCSGRishengNewEnergyTechnologyCo.,Ltd.(hereinafterreferredtoas"QinghaiNewEnergyCompany")obtainsenterpriseincometaxpreferentialtreatmentforWesternDevelopment,andtemporarilycalculatesenterpriseincometaxatataxrateof15%forcurrentyear.ZhaoqingCSGNewEnergyTechnologyCo.,Ltd.(hereinafterreferredtoas"ZhaoqingNewEnergyCompany"),AnhuiCSGPhotovoltaicEnergyCo.,Ltd.(“AnhuiPVEnergy”),XianningCSGPVEnergyCo.,Ltd.(“XianningPVEnergy”),andZhanjiangCSGNewEnergyCo.,Ltd.(“ZhanjiangPVEnergy”)arepublicinfrastructureprojectspeciallysupportedbythestateinaccordancewiththeArticle87inImplementingRegulationsoftheLawofthePeople'sRepublicofChinaonEnterpriseIncomeTax,andcanenjoythetaxpreferentialpolicyof“three-yearexemptionsandthree-yearhalves”,thatis,startingfromthetaxyearwhenthefirstrevenuefromproductionandoperationoccurs,theenterpriseincometaxisexemptedfromthefirsttothethirdyear,whilehalfoftheenterpriseincometaxiscollectedforthefollowingthreeyears.
3、Others
SomesubsidiariesoftheGrouphaveusedthe“exempt,credit,refund”methodongoodsexportedandtherefundrateis0%-13%.
VII、NOTESTOTHECONSOLIDATEDFINANCIALSTATEMENTS
1、Cashatbankandonhand
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Cashatbank | 2,391,660,140 | 3,242,318,251 |
| Othercurrencyfunds | 267,657,007 | 1,362,289,528 |
| Total | 2,659,317,147 | 4,604,607,779 |
| Including:Totaloverseasdeposits | 37,863,509 | 52,079,105 |
| Thetotalamountofcashandcashequivalentsthatarerestrictedtouseduetomortgage,pledgeorfreezingetc. | 20,057,007 | 10,589,528 |
2、Notesreceivable
（1）Notesreceivablelistedbycategory
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Bankacceptance | 722,005,152 | 156,943,437 |
| Tradeacceptance | 9,424,333 | |
| Total | 731,429,485 | 156,943,437 |
Unit:RMB
| Category | 30June2023 | 1January2023 | ||||||||
| Carryingamount | Provisionforbaddebts | Bookvalue | Carryingamount | Provisionforbaddebts | Bookvalue | |||||
| Amount | Proportion | Amount | Proportion | Amount | Proportion | Amount | Proportion | |||
| Creditlossprovisionaccruedbyitem | ||||||||
| Creditlossprovisionaccruedbyportfolio | 731,429,485 | 100% | 731,429,485 | 156,943,437 | 100% | 156,943,437 | ||
| Total | 731,429,485 | 100% | 731,429,485 | 156,943,437 | 100% | 156,943,437 |
（2）NotesreceivablesthattheCompanyhaspledgedattheendoftheperiod
Unit:RMB
| Item | Pledgedamount |
| Bankacceptance | 701,846,825 |
| Total | 701,846,825 |
（3）Endorsedordiscountednotesreceivablehavenotyetmaturedonthebalancesheet
None
（4）NotestransferredtoaccountsreceivableduetodefaultoftheissueattheendofperiodNone
3、Accountsreceivable
（1）Detailsoncategories
Unit:RMB
| Category | 30June2023 | 1January2023 | ||||||||
| Carryingamount | Provisionforbaddebts | Bookvalue | Carryingamount | Provisionforbaddebts | Bookvalue | |||||
| Amount | Proportion | Amount | ProvisionProportion | Amount | Proportion | Amount | ProvisionProportion | |||
| Separateprovisionforbaddebts | 190,449,756 | 11% | 155,613,729 | 82% | 34,836,027 | 196,468,864 | 14% | 157,019,809 | 80% | 39,449,055 |
| Portfolioprovisionforbaddebts | 1,615,517,932 | 89% | 32,304,004 | 2% | 1,583,213,928 | 1,163,820,132 | 86% | 23,276,403 | 2% | 1,140,543,729 |
| Total | 1,805,967,688 | 100% | 187,917,733 | 10% | 1,618,049,955 | 1,360,288,996 | 100% | 180,296,212 | 13% | 1,179,992,784 |
Provisionforbaddebtsmadeonanindividualbasis:
Unit:RMB
| Name | 30June2023 | |||
| Carryingamount | Provisionforbaddebts | ProvisionProportion | Reasonforprovision | |
| Separateprovisionforbaddebts | 190,449,756 | 155,613,729 | 82% | MainlyduetotheinabilitytohonorcommercialacceptancebillsissuedbyEvergrandeanditssubsidiariesthathavebeenendorsedbycustomers,andthetransferofaccountsreceivablefrombillsreceivable,aswellaspartialorfullprovisionforbaddebtreservesduetobusinessdisputesordeteriorationofcustomeroperations. |
| Total | 190,449,756 | 155,613,729 | 82% | |
Provisionforbaddebtsmadeonthebasisofportfolio:
Unit:RMB
| Type(s) | 30June2023 | ||
| Carryingamount | Provisionforbaddebts | Proportion(%) | |
| Portfolio1 | 1,615,517,932 | 32,304,004 | 2% |
| Total | 1,615,517,932 | 32,304,004 | 2% |
Disclosurebyages
Unit:RMB
| Aging | 30June2023 |
| Within1year(including1year) | 1,519,933,746 |
| 1to2years | 68,361,980 |
| 2to3years | 154,358,206 |
| Over3years | 63,313,756 |
| Total | 1,805,967,688 |
（2）Provisionsmade,collectedorreversedincurrentperiod
Provisionforbaddebtsmadeincurrentperiod:
Unit:RMB
| Type(s) | 1January2023 | Amountofchangeincurrentperiod | 30June2023 | |||
| Accrual | Recoveryorreversal | Write-off | Other | |||
| Provisionforbaddebtsforaccountsreceivable | 180,296,212 | 21,722,891 | 14,101,370 | 187,917,733 | ||
| Total | 180,296,212 | 21,722,891 | 14,101,370 | 187,917,733 | ||
（3）Accountsreceivabledetailsofthetop5closingbalancesbydebtors
Unit:RMB
| Name | Accountsreceivableclosingbalance | Percentageintotalaccountsreceivablebalance | Provisionforbaddebtsclosingbalance |
| Totalbalancesforthefivelargest | 610,509,283 | 34% | 12,210,186 |
| accountsreceivable | |||
| Total | 610,509,283 | 34% | 12,210,186 |
4、ReceivablesFinancing
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Bankacceptance | 830,989,703 | 1,095,412,643 |
| Total | 830,989,703 | 1,095,412,643 |
5、Advancestosuppliers
（1）Listingbyages
Unit:RMB
| Aging | 30June2023 | 1January2023 | ||
| Amount | Proportion | Amount | Proportion | |
| Within1year(including1year) | 210,648,897 | 92% | 182,578,314 | 100% |
| 1to2years | 19,050,500 | 8% | 377,211 | |
| 2to3years | 8,220 | 153,800 | ||
| Over3years | 520,498 | 520,498 | ||
| Total | 230,228,115 | 100% | 183,629,823 | 100% |
（2）Advancepaymentofthetop5closingbalancesbyprepaymentobjects
Unit:RMB
| Item | Advancepaymentclosingbalance | Percentageintotaladvancestosuppliersbalance |
| Totalbalancesforthefivelargestadvancestosuppliers | 122,624,311 | 53% |
6、Otherreceivables
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Otherreceivables | 193,416,864 | 193,847,322 |
| Total | 193,416,864 | 193,847,322 |
（1）Otherreceivables1）Otherreceivablescategorizedbynature
Unit:RMB
| Nature | 30June2023 | 1January2023 |
| Receivablesfromspecialfundfortalent | 171,000,000 | 171,000,000 |
| Paymentsmadeonbehalfofotherparties | 40,075,441 | 49,075,321 |
| Advancestosuppliers | 10,366,164 | 10,366,164 |
| Refundabledeposits | 22,677,268 | 16,456,690 |
| Pettycash | 1,981,083 | 963,222 |
| Others | 13,402,205 | 12,091,519 |
| Total | 259,502,161 | 259,952,916 |
2）Provisionforbaddebts
Unit:RMB
| Provisionforbaddebt | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossinthenext12months | Expectedcreditlossforthewholeperiod(nocreditimpairment) | Expectedcreditlossforthewholeperiod(withcreditimpairment) | ||
| Amounton1January2023 | 1,331,355 | 64,774,239 | 66,105,594 | |
| Carryingamounton1January2023thatinthisperiod: | ||||
| Provisionfortheperiod | 205,339 | 205,339 | ||
| Reversefortheperiod | 225,636 | 225,636 | ||
| Amounton30June2023 | 1,311,058 | 64,774,239 | 66,085,297 |
3）Disclosurebyages
Unit:RMB
| Aging | 30June2023 |
| Within1year(including1year) | 24,822,358 |
| 1to2years | 27,937,872 |
| 2to3years | 6,852,372 |
| Over3years | 199,889,559 |
| 3to4years | 811,012 |
| 4to5years | 2,369,390 |
| Over5years | 196,709,157 |
| Total | 259,502,161 |
4）Provisionsmade,collectedorreversedincurrentperiod
Provisionforbaddebtsmadeincurrentperiod:
Unit:RMB
| Type | 1January2023 | Movementincurrentperiod | 30June2023 | |||
| Accrual | Withdrawalorreversal | Write-off | Others | |||
| Baddebtprovision | 66,105,594 | 205,339 | 225,636 | 66,085,297 | ||
| Total | 66,105,594 | 205,339 | 225,636 | 66,085,297 | ||
5）Otherreceivablesdetailsofthetop5closingbalancesbydebtors
Unit:RMB
| Name | Natureofbusiness | 30June2023 | Ageing | Percentageintotalotherreceivablesbalance | Provisionforbaddebts |
| CompanyA | Independentthirdparty | 171,000,000 | Over5years | 66% | 51,300,000 |
| GovernmentaldepartmentB | Independentthirdparty | 14,000,000 | 1to2years | 5% | 280,000 |
| GovernmentaldepartmentC | Independentthirdparty | 11,556,004 | Over5years | 4% | 231,120 |
| CompanyD | Independentthirdparty | 10,366,164 | Over5years | 4% | 10,366,164 |
| GovernmentaldepartmentE | Independentthirdparty | 10,000,000 | 1to2years | 4% | 200,000 |
| Total | 216,922,168 | 83% | 62,377,284 |
7、Inventories
（1）Inventoryclassification
Unit:RMB
| Item | 30June2023 | 1January2023 | ||||
| Carryingamount | Provisionfordeclineinthevalueofinventoriesorprovisionforimpairmentofcontractualperformancecosts | Bookvalue | Carryingamount | Provisionfordeclineinthevalueofinventoriesorprovisionforimpairmentofcontractualperformancecosts | Bookvalue | |
| Rawmaterials | 578,404,128 | 957,713 | 577,446,415 | 646,622,778 | 9,065,792 | 637,556,986 |
| Workinprogress | 32,852,655 | 32,852,655 | 31,745,770 | 31,745,770 | ||
| Finishedgoods | 1,425,442,033 | 1,456,266 | 1,423,985,767 | 1,067,004,894 | 20,645,880 | 1,046,359,014 |
| Turnovermaterials | 84,292,770 | 160,014 | 84,132,756 | 68,702,610 | 422,398 | 68,280,212 |
| Total | 2,120,991,586 | 2,573,993 | 2,118,417,593 | 1,814,076,052 | 30,134,070 | 1,783,941,982 |
（2）Provisionforinventoriesandprovisionforimpairmentofcontractualperformancecosts
Unit:RMB
| Item | 1January2023 | Increaseincurrentperiod | Decreaseincurrentperiod | 30June2023 | ||
| Provision | Others | Reversalorwrite-off | Others | |||
| Rawmaterials | 9,065,792 | 8,108,079 | 957,713 | |||
| Finishedgoods | 20,645,880 | 19,189,614 | 1,456,266 | |||
| Turnovermaterials | 422,398 | 262,384 | 160,014 | ||
| Total | 30,134,070 | 27,560,077 | 2,573,993 |
8、Non-currentassetsduewithinoneyear
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Fixed-termdepositinbankduewithinoneyear | 80,000,000 | 20,000,000 |
| Total | 80,000,000 | 20,000,000 |
9、Othercurrentassets
Unit:RMB
| Item | 30June2023 | 1January2023 |
| VATtobeoffset | 72,654,028 | 45,198,116 |
| Enterpriseincometaxprepaid | 31,825,260 | 30,407,477 |
| VATinputtoberecognised | 13,992,098 | 32,642,483 |
| Termdeposits | 20,000,000 | |
| Others | 4,094 | 469 |
| Total | 138,475,480 | 108,248,545 |
10、Investmentproperties
（1）Investmentpropertiesmeasuredusingthefairvaluemodel
√Applicable□Notapplicable
Unit:RMB
| Item | House,buildingandrelatedlanduserights |
| I.1January2023 | 290,368,105 |
| II.Movementinthecurrentperiod | |
| III.30June2023 | 290,368,105 |
11、Fixedassets
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Fixedassets | 11,986,389,945 | 11,243,236,175 |
| Total | 11,986,389,945 | 11,243,236,175 |
（1）Listoffixedassets
Unit:RMB
| Item | Buildings | Machineryandequipment | Motorvehiclesandothers | Total |
| I.Originalbookvalue： |
| 1.1January2023 | 5,305,705,728 | 14,283,099,277 | 294,024,553 | 19,882,829,558 |
| 2.Increaseincurrentperiod | 593,737,978 | 1,508,241,039 | 48,088,269 | 2,150,067,286 |
| （1）Acquisition | 1,317,463 | 23,933,500 | 12,350,297 | 37,601,260 |
| （2）Transfersfromconstructioninprogress | 591,204,701 | 1,478,778,979 | 30,882,596 | 2,100,866,276 |
| （3）Others | 1,215,814 | 5,528,560 | 4,855,376 | 11,599,750 |
| 3.Decreaseincurrentperiod | 43,697,038 | 1,081,830,604 | 7,402,047 | 1,132,929,689 |
| （1）Disposalorretirement | 7,692,659 | 5,339,946 | 13,032,605 | |
| （2）Transfertoconstructioninprogress | 42,521,910 | 1,063,743,559 | 769,912 | 1,107,035,381 |
| （3）Others | 1,175,128 | 10,394,386 | 1,292,189 | 12,861,703 |
| 4.30June2023 | 5,855,746,668 | 14,709,509,712 | 334,710,775 | 20,899,967,155 |
| II.Accumulativedepreciation | ||||
| 1.1January2023 | 1,214,780,507 | 5,985,207,126 | 245,329,297 | 7,445,316,930 |
| 2.Increaseincurrentperiod | 93,408,343 | 439,528,151 | 20,332,786 | 553,269,280 |
| （1）Provision | 93,232,275 | 439,498,494 | 17,423,856 | 550,154,625 |
| （2）Others | 176,068 | 29,657 | 2,908,930 | 3,114,655 |
| 3.Decreaseincurrentperiod | 241,327,850 | 5,693,504 | 247,021,354 | |
| （1）Disposalorretirement | 6,955,109 | 5,333,702 | 12,288,811 | |
| （2）Transfertoconstructioninprogress | 230,549,231 | 70,354 | 230,619,585 | |
| （3）Others | 3,823,510 | 289,448 | 4,112,958 | |
| 4.30June2023 | 1,308,188,850 | 6,183,407,427 | 259,968,579 | 7,751,564,856 |
| III.Impairmentprovision | ||||
| 1.1January2023 | 152,839,987 | 1,040,644,542 | 791,924 | 1,194,276,453 |
| 2.Increaseincurrentperiod | 67,111,087 | 178,678 | 67,289,765 | |
| （1）Provision | ||||
| （2）Transfersfromconstructioninprogress | 67,111,087 | 178,678 | 67,289,765 | |
| 3.Decreaseincurrentperiod | 42,521,910 | 57,031,954 | 99,553,864 | |
| （1）Disposalorretirement | 481,306 | 481,306 | ||
| （2）Transfertoconstructioninprogress | 42,521,910 | 56,550,648 | 99,072,558 | |
| 4.30June2023 | 110,318,077 | 1,050,723,675 | 970,602 | 1,162,012,354 |
| IV.Bookvalue | ||||
| 1.30June2023 | 4,437,239,741 | 7,475,378,610 | 73,771,594 | 11,986,389,945 |
| 2.1January2023 | 3,938,085,234 | 7,257,247,609 | 47,903,332 | 11,243,236,175 |
（2）Fixedassetswithoutownershipcertificate
Unit:RMB
| Item | Carryingamount | Reasonsfornotyetobtainingcertificatesoftitle |
| Buildings | 1,816,139,589 | Havesubmittedtherequireddocumentsandareintheprocessofapplication,or |
12、Constructioninprogress
Unit:RMB
therelatedlanduserightcertificatepending
Item
| Item | 30June2023 | 1January2023 |
| Constructioninprogress | 2,622,639,485 | 2,520,362,291 |
| Total | 2,622,639,485 | 2,520,362,291 |
（1）Detailsofconstructioninprogress
Unit:RMB
| Item | 30June2023 | 1January2023 | ||||
| Carryingamount | Provisionforimpairmentloss | Bookvalue | Carryingamount | Provisionforimpairmentloss | Bookvalue | |
| AnhuiFengyangSolarEquipmentLightweightHighTonguePlateManufacturingBaseProject | 522,882,011 | 522,882,011 | 917,798,737 | 917,798,737 | ||
| XianningNanblass1200T/DTonPhotovoltaicPackagingMaterialProductionLineProject | 1,347,042 | 1,347,042 | 721,820,302 | 721,820,302 | ||
| Hebeiwindowultra-thinelectronicglasssecondlineconstructionproject | 263,216,331 | 263,216,331 | 256,034,845 | 256,034,845 | ||
| QingyuanSouthBlassTechnologyReformProject | 226,614,841 | 94,897,536 | 131,717,305 | 225,748,578 | 94,897,536 | 130,851,042 |
| 450MWPERCBatteryTechnologyUpgradeProject | 186,866,743 | 184,998,076 | 1,868,667 | 186,866,743 | 184,998,076 | 1,868,667 |
| WujiangProjectNewEngineeringGlassIntelligentManufacturingFactoryConstructionProject | 73,902,384 | 73,902,384 | 72,885,336 | 72,885,336 | ||
| Xi'anSouthGlassEnergySavingGlassProductionLineProject | 138,277,411 | 138,277,411 | 41,694,021 | 41,694,021 | ||
| ZhaoqingCSGhigh-endautomobileglassproductionlineproject | 77,092,563 | 77,092,563 | 40,439,362 | 40,439,362 | ||
| GuangxiBeihaiPhotovoltaicGreenEnergyIndustryPark(PhaseI)Project | 199,123,173 | 199,123,173 | 33,213,753 | 33,213,753 | ||
| Item | 30June2023 | 1January2023 | ||||
| Carryingamount | Provisionforimpairmentloss | Bookvalue | Carryingamount | Provisionforimpairmentloss | Bookvalue | |
| ZhaoqingCSGhigh-endenergy-savingglassproductionlineproject | 5,110,114 | 5,110,114 | 14,799,352 | 14,799,352 | ||
| New50000ton/yearhigh-puritycrystallinesiliconprojectinHaixiPrefecture,QinghaiProvince | 210,126,656 | 210,126,656 | 10,319,009 | 10,319,009 | ||
| ChengduFloatthreesetsoffluegastreatmentbackupenvironmentalprotectionfacilitiesconstructionproject | 13,805,346 | 13,805,346 | 608,993 | 608,993 | ||
| TechnologicalupgradingprojectofXianningFloatLine2(700t/d) | 53,110,650 | 53,110,650 | ||||
| YichangPolysilicon1,200t/monthhigh-puritycrystallinesilicontechnologyreformproject | 833,856,781 | 94,291,477 | 739,565,304 | 152,254 | 152,254 | |
| DongguanSolarG6/G7LineProcessandEquipmentUpgradingandRenovationProject | 37,794,114 | 37,794,114 | ||||
| Others | 196,275,610 | 4,781,082 | 191,494,528 | 307,372,271 | 67,289,767 | 240,082,504 |
| Total | 3,001,607,656 | 378,968,171 | 2,622,639,485 | 2,867,547,670 | 347,185,379 | 2,520,362,291 |
（2）Movementofsignificantprojectsofconstructioninprogress
Unit:RMB
| Projectname | Budget | 1January2023 | Increaseincurrentperiod | Transfertofixedassetsincurrentperiod | Otherdecreasesincurrentperiod | 30June2023 | Proportionbetweenengineeringinputandbudget | Engineeringprogress | Amountofborrowingcostscapitalised | Including:Amountofborrowingcostscapitalisedincurrentperiod | Capitalisationrateforcurrentperiod | Sourceoffund |
| AnhuiFengyangSolarEquipmentLightweightHighTonguePlateManufacturingBaseProject | 3,739,020,000 | 917,798,737 | 431,748,265 | 826,664,991 | 522,882,011 | 77% | 100% | 43,865,185 | 9,980,672 | 3.13% | Internalfundandbankloan | |
| XianningNanblass1200T/DTonPhotovoltaicPackagingMaterialProductionLineProject | 905,571,798 | 721,820,302 | 139,002,442 | 850,743,979 | 8,731,723 | 1,347,042 | 96% | 100% | 13,945,275 | -6,505,468 | 3.60% | Internalfundandbankloan |
| Hebeiwindowultra-thinelectronicglasssecondlineconstructionproject | 324,646,330 | 256,034,845 | 31,090,053 | 23,908,567 | 263,216,331 | 89% | 89% | 4,863,391 | 2,382,495 | 4.28% | Internalfundandbankloan | |
| QingyuanSouthBlassTechnologyReformProject | 534,870,000 | 225,748,578 | 955,796 | 89,533 | 226,614,841 | 4% | 4% | Internalfundandbankloan | ||||
| 450MWPERCBatteryTechnologyUpgradeProject | 100,990,000 | 186,866,743 | 186,866,743 | 1% | 3% | Internalfund |
| Projectname | Budget | 1January2023 | Increaseincurrentperiod | Transfertofixedassetsincurrentperiod | Otherdecreasesincurrentperiod | 30June2023 | Proportionbetweenengineeringinputandbudget | Engineeringprogress | Amountofborrowingcostscapitalised | Including:Amountofborrowingcostscapitalisedincurrentperiod | Capitalisationrateforcurrentperiod | Sourceoffund |
| WujiangProjectNewEngineeringGlassIntelligentManufacturingFactoryConstructionProject | 179,140,610 | 72,885,336 | 2,111,163 | 1,094,115 | 73,902,384 | 45% | 58% | 2,124,479 | 669,327 | 3.80% | Internalfundandbankloan | |
| Xi'anSouthGlassEnergySavingGlassProductionLineProject | 494,000,000 | 41,694,021 | 96,583,390 | 138,277,411 | 28% | 28% | 287,688 | 287,688 | 3.60% | Internalfundandbankloan | ||
| ZhaoqingCSGhigh-endautomobileglassproductionlineproject | 609,830,000 | 40,439,362 | 41,115,387 | 4,462,186 | 77,092,563 | 24% | 24% | Internalfundandbankloan | ||||
| GuangxiBeihaiPhotovoltaicGreenEnergyIndustryPark(PhaseI)Project | 4,942,051,800 | 33,213,753 | 165,909,420 | 199,123,173 | 4% | 4% | 1,364,414 | 1,312,048 | 1.76% | Internalfundandbankloan | ||
| ZhaoqingCSGhigh-endenergy-savingglassproductionlineproject | 500,000,000 | 14,799,352 | 5,884,509 | 2,996,027 | 12,577,720 | 5,110,114 | 87% | 100% | 5,780,897 | 52,702 | 3.80% | Internalfundandbankloan |
| Projectname | Budget | 1January2023 | Increaseincurrentperiod | Transfertofixedassetsincurrentperiod | Otherdecreasesincurrentperiod | 30June2023 | Proportionbetweenengineeringinputandbudget | Engineeringprogress | Amountofborrowingcostscapitalised | Including:Amountofborrowingcostscapitalisedincurrentperiod | Capitalisationrateforcurrentperiod | Sourceoffund |
| New50000ton/yearhigh-puritycrystallinesiliconprojectinHaixiPrefecture,QinghaiProvince | 4,498,192,210 | 10,319,009 | 200,044,097 | 236,450 | 210,126,656 | 5% | 5% | Internalfundandbankloan | ||||
| ChengduFloatthreesetsoffluegastreatmentbackupenvironmentalprotectionfacilitiesconstructionproject | 59,600,000 | 608,993 | 13,196,353 | 13,805,346 | 23% | 23% | Internalfundandbankloan | |||||
| TechnologicalupgradingprojectofXianningFloatLine2(700t/d) | 190,848,683 | 59,420,281 | 6,309,631 | 53,110,650 | 21% | 21% | 14,403 | 14,403 | 4.35% | Internalfundandbankloan | ||
| YichangPolysilicon1,200t/monthhigh-puritycrystallinesilicontechnologyreformproject | 35,970,000 | 152,254 | 833,709,867 | 5,340 | 833,856,781 | 66% | 66% | Internalfund | ||||
| DongguanSolarG6/G7LineProcessandEquipmentUpgradingandRenovationProject | 61,330,000 | 37,794,114 | 46,161,003 | 83,955,117 | 100% | 100% | 199,673 | 139,845 | 3.90% | Internalfundandbankloan |
| Projectname | Budget | 1January2023 | Increaseincurrentperiod | Transfertofixedassetsincurrentperiod | Otherdecreasesincurrentperiod | 30June2023 | Proportionbetweenengineeringinputandbudget | Engineeringprogress | Amountofborrowingcostscapitalised | Including:Amountofborrowingcostscapitalisedincurrentperiod | Capitalisationrateforcurrentperiod | Sourceoffund |
| Others | 1,658,144,495 | 307,372,271 | 198,268,985 | 306,709,971 | 2,655,675 | 196,275,610 | 6,183,061 | 102,636 | Internalfundandbankloan | |||
| Total | 18,834,205,926 | 2,867,547,670 | 2,265,201,011 | 2,100,866,276 | 30,274,749 | 3,001,607,656 | 78,628,466 | 8,436,348 |
13、Right-of-useassets
Unit:RMB
| Item | Landleases | Total |
| I.Originalbookvalue: | ||
| 1.1January2023 | 11,790,434 | 11,790,434 |
| 2.Increaseincurrentperiod | ||
| 3.Decreaseincurrentperiod | ||
| 4.30June2023 | 11,790,434 | 11,790,434 |
| II.Accumulativedepreciation | ||
| 1.1January2023 | 1,882,021 | 1,882,021 |
| 2.Increaseincurrentperiod | 319,141 | 319,141 |
| 3.Decreaseincurrentperiod | ||
| 4.30June2023 | 2,201,162 | 2,201,162 |
| III.Impairmentprovisions | ||
| IV.Carryingamount | ||
| 1.30June2023 | 9,589,272 | 9,589,272 |
| 2.1January2023 | 9,908,413 | 9,908,413 |
14、Intangibleassets
（1）Detailsofintangibleassets
Unit:RMB
| Item | Landuserights | Patentsandproprietarytechnologies | Exploitationrights | Others | Total |
| I.Originalbookvalue： | |||||
| 1.1January2023 | 1,425,431,642 | 502,074,878 | 5,351,751 | 54,579,056 | 1,987,437,327 |
| 2.Increaseincurrentperiod | 44,382,500 | 3,229,822 | 938,531,942 | 14,880,561 | 1,001,024,825 |
| （1）Acquisition | 44,382,500 | 938,531,942 | 2,302,841 | 985,217,283 | |
| （2）Transfersfromdevelopmentexpenditure | 3,229,822 | 3,229,822 | |||
| （3）Others | 12,577,720 | 12,577,720 | |||
| 3.Decreaseincurrentperiod | |||||
| （1）Others | |||||
| 4.30June2023 | 1,469,814,142 | 505,304,700 | 943,883,693 | 69,459,617 | 2,988,462,152 |
| II.Accumulativeamortization | |||||
| 1.1January2023 | 258,193,337 | 227,328,706 | 4,775,067 | 45,827,071 | 536,124,181 |
| 2.Increaseincurrentperiod | 17,435,942 | 18,500,378 | 4,960,928 | 2,582,229 | 43,479,477 |
| （1）Provision | 17,435,942 | 18,500,378 | 4,960,928 | 2,582,229 | 43,479,477 |
| 3.Decreaseincurrentperiod | |||||
| （1）Others | |||||
| 4.30June2023 | 275,629,279 | 245,829,084 | 9,735,995 | 48,409,300 | 579,603,658 |
| III.Provisionforimpairment | |||||
| 1.1January2023 | 13,201,347 | 9,133 | 13,210,480 | ||
| 2.Increaseincurrentperiod | |||||
| 3.Decreaseincurrentperiod | |||||
| 4.30June2023 | 13,201,347 | 9,133 | 13,210,480 | ||
| IV.Bookvalue | |||||
| 1.30June2023 | 1,194,184,863 | 246,274,269 | 934,147,698 | 21,041,184 | 2,395,648,014 |
| 2.1January2023 | 1,167,238,305 | 261,544,825 | 576,684 | 8,742,852 | 1,438,102,666 |
（2）Landuserightswithoutownershipcertificate
Unit:RMB
| Item | Carryingamount | Reasonsfornotyetobtainingcertificatesoftitle |
| Landuserights | 4,139,483 | ThemanagementoftheCompanybelievesthatthereisnosubstantivelegalobstacletoobtainingtherelevantlandusecertificate,anditwillnothaveasignificantadverseimpactontheoperationoftheGroup. |
15、Developmentexpenditure
Unit:RMB
| Item | 1January2023 | Increaseincurrentperiod | Decreaseincurrentperiod | 30June2023 | |
| Internaldevelopmentexpenditure | Recognisedasintangibleassets | Recognisedasexpenses | |||
| Developmentexpenditure | 46,755,816 | 10,977,711 | 3,229,822 | 54,503,705 | |
| Total | 46,755,816 | 10,977,711 | 3,229,822 | 54,503,705 | |
16、Goodwill
（1）Originalcarryingamountofgoodwill
Unit:RMB
| Nameofinvestedunitoritemsforminggoodwill | 1January2023 | Increaseincurrentperiod | Decreaseincurrentperiod | 30June2023 |
| TianjinCSGArchitecturalGlassCo.,Ltd | 3,039,946 | 3,039,946 | ||
| XianningCSG | 4,857,406 | 4,857,406 |
| Photoelectric | ||||
| ShenzhenCSGDisplay | 389,494,804 | 389,494,804 | ||
| GuangdongLichengConstructionEngineeringCo.,Ltd. | 696,000 | 696,000 | ||
| Total | 397,392,156 | 696,000 | 398,088,156 |
（2）Provisionforimpairmentofgoodwill
Unit:RMB
| Nameofinvestedunitormattersforminggoodwill | 1January2023 | Increaseincurrentperiod | Decreaseincurrentperiod | 30June2023 |
| ShenzhenCSGDisplay | 389,494,804 | 389,494,804 | ||
| Total | 389,494,804 | 389,494,804 |
17、Long-termprepaidexpenses
Unit:RMB
| Item | 1January2023 | Increaseincurrentperiod | Amortizedamountsincurrentperiod | Otherdecreases | 30June2023 |
| Variousprepaidexpenses | 2,647,939 | 5,798,547 | 1,878,327 | 6,568,159 | |
| Total | 2,647,939 | 5,798,547 | 1,878,327 | 6,568,159 |
18、Deferredtaxassetsandliabilities
（1）Deferredincometaxassetsbeforeoffsetting
Unit:RMB
| Item | 30June2023 | 1January2023 | ||
| Deductibletemporarydifferences | Deferredtaxassets | Deductibletemporarydifferences | Deferredtaxassets | |
| Provisionforassetimpairments | 738,273,925 | 113,123,393 | 740,627,003 | 112,511,365 |
| Deductiblelosses | 379,522,985 | 65,298,553 | 362,029,963 | 65,461,019 |
| Governmentgrants | 163,371,710 | 25,941,951 | 160,233,122 | 25,185,546 |
| Accruedexpenses | 4,570,068 | 685,510 | 8,584,847 | 1,287,727 |
| Depreciationoffixedassets,etc. | 106,446,120 | 15,985,249 | 100,859,773 | 15,955,296 |
| Total | 1,392,184,808 | 221,034,656 | 1,372,334,708 | 220,400,953 |
（2）Deferredincometaxliabilitiesbeforeoffsetting
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Taxabletemporarydifferences | Deferredtaxliabilities | Taxabletemporarydifferences | Deferredtaxliabilities | |
| Depreciationoffixedassets | 600,158,758 | 91,321,123 | 663,136,097 | 100,893,303 |
| Changesinthefairvalueofinvestmentrealestate | 368,564,944 | 55,284,742 | 368,564,944 | 55,284,742 |
| Total | 968,723,702 | 146,605,865 | 1,031,701,041 | 156,178,045 |
（3）Deferredincometaxassetsorliabilitiespresentedwithnetamountafteroffsetting
Unit:RMB
| Item | Offsetamountofclosingdeferredtaxassetsandliabilities | Closingdeferredtaxassetsorliabilitiesafteroffsetting | Offsetamountofopeningdeferredtaxassetsandliabilities | Openingdeferredtaxassetsorliabilitiesafteroffsetting |
| Deferredtaxassets | 54,545,400 | 166,489,256 | 58,911,204 | 161,489,749 |
| Deferredtaxliabilities | 54,545,400 | 92,060,465 | 58,911,204 | 97,266,841 |
（4）Detailaboutunrecognizeddeferredincometaxassets
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Deductiblelossesetc | 1,453,735,298 | 1,713,248,298 |
| Total | 1,453,735,298 | 1,713,248,298 |
（5）Deductiblelossesofunconfirmeddeferredincometaxassetsshallexpireinthefollowingyears
Unit:RMB
| Year | 30June2023 | 1January2023 | Notes |
| 2023 | 86,893,698 | 146,238,837 | |
| 2024 | 178,208,832 | 178,208,832 | |
| 2025 | 657,255,317 | 745,942,821 | |
| 2026 | 524,185,763 | 642,332,904 | |
| 2027 | 524,904 | 524,904 | |
| 2028 | 6,666,784 | ||
| Total | 1,453,735,298 | 1,713,248,298 |
19、Othernon-currentassets
Unit:RMB
| Item | 30June2023 | 1January2023 | ||||
| Carryingamount | Impairmentprovision | Bookvalue | Carryingamount | Impairmentprovision | Bookvalue | |
| Prepaymentforequipmentandproject | 1,048,111,631 | 1,048,111,631 | 194,410,485 | 194,410,485 | ||
| Prepaymentfor | 6,510,000 | 6,510,000 | 24,210,000 | 24,210,000 | ||
| leaseoflanduserights | ||||||
| Fixeddeposits | 80,000,000 | 80,000,000 | ||||
| Prepaidminingrights | 70,500,000 | 70,500,000 | 558,000,000 | 558,000,000 | ||
| Total | 1,125,121,631 | 1,125,121,631 | 856,620,485 | 856,620,485 |
20、Short-termborrowings
（1）Classificationofshort-termborrowings
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Guaranteedloan | 280,776,205 | 144,000,000 |
| Creditloan | 104,000,000 | 201,000,000 |
| Total | 384,776,205 | 345,000,000 |
21、Notespayable
Unit:RMB
| Type | 30June2023 | 1January2023 |
| Tradeacceptance | 206,528,235 | 290,779,095 |
| Bankacceptance | 1,152,845,454 | 703,778,401 |
| Total | 1,359,373,689 | 994,557,496 |
22、Accountspayable
（1）Accountspayablelisted
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Materialspayable | 1,048,261,509 | 813,677,642 |
| Equipmentpayable | 658,969,024 | 483,253,256 |
| Constructionexpensespayable | 1,108,347,387 | 576,821,441 |
| Freightpayable | 117,036,311 | 88,104,366 |
| Utilitiespayable | 80,500,474 | 64,738,721 |
| Others | 11,517,950 | 6,947,201 |
| Total | 3,024,632,655 | 2,033,542,627 |
（2）Significantaccountspayableagedmorethanoneyear
Unit:RMB
| Item | 30June2023 | Reasons |
| Engineeringandequipmentpayments,etc | 196,983,225 | Duetotheunfinishedfinalaccountsofrelatedprojects,theyhavenotbeensettledyet |
| Total | 196,983,225 |
23、Contractliabilities
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Contractliabilities | 342,662,579 | 418,051,975 |
| Total | 342,662,579 | 418,051,975 |
24、Employeebenefitspayable
（1）Presentationofemployeebenefitspayable
Unit:RMB
| Item | 1January2023 | Increaseincurrentperiod | Decreaseincurrentperiod | 30June2023 |
| I.Short-termemployeebenefitspayable | 464,930,939 | 991,800,917 | 1,164,043,450 | 292,688,406 |
| II.Definedcontributionplanspayable | 8,685,489 | 88,228,590 | 88,920,588 | 7,993,491 |
| III.Terminationbenefits | 1,473,347 | 1,473,347 | ||
| Total | 473,616,428 | 1,081,502,854 | 1,254,437,385 | 300,681,897 |
（2）Presentationofshort-termbenefits
Unit:RMB
| Item | 1January2023 | Increaseincurrentperiod | Decreaseincurrentperiod | 30June2023 |
| 1.Wagesandsalaries,bonus,allowancesandsubsidies | 438,423,328 | 915,764,507 | 1,088,074,170 | 266,113,665 |
| 2.Socialsecuritycontributions | 1,583,272 | 38,936,496 | 39,956,077 | 563,691 |
| Including:Medicalinsurance | 957,621 | 33,522,537 | 34,431,136 | 49,022 |
| Workinjuryinsurance | 559,430 | 4,047,416 | 4,092,177 | 514,669 |
| Maternityinsurance | 66,221 | 1,366,543 | 1,432,764 | |
| 3.Housingfunds | 891,279 | 26,277,832 | 24,987,729 | 2,181,382 |
| 4.Labourunionfundsandemployeeeducationfunds | 24,033,060 | 10,822,082 | 11,025,474 | 23,829,668 |
| Total | 464,930,939 | 991,800,917 | 1,164,043,450 | 292,688,406 |
（3）Definedbenefitplans
Unit:RMB
| Item | 1January2023 | Increaseincurrentperiod | Decreaseincurrentperiod | 30June2023 |
| 1.Basicpensions | 8,403,902 | 85,097,313 | 85,755,917 | 7,745,298 |
| 2.Unemploymentinsurance | 281,587 | 3,131,277 | 3,164,671 | 248,193 |
| Total | 8,685,489 | 88,228,590 | 88,920,588 | 7,993,491 |
25、Taxespayable
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Enterpriseincometaxpayable | 73,092,705 | 38,330,878 |
| VATpayable | 45,427,700 | 91,809,300 |
| Individualincometaxpayable | 5,259,962 | 7,688,833 |
| Citymaintenanceandconstructiontaxpayable | 3,268,464 | 6,755,889 |
| Educationalsurchargepayable | 2,661,955 | 4,953,777 |
| Housingpropertytaxpayable | 12,146,395 | 4,877,079 |
| Environmentaltaxpayable | 1,377,003 | 1,252,845 |
| Others | 7,753,386 | 5,466,037 |
| Total | 150,987,570 | 161,134,638 |
26、Otherpayables
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Otherpayables | 456,482,668 | 437,119,859 |
| Interestpayable | 7,275,176 | 99,945,325 |
| Total | 463,757,844 | 537,065,184 |
（1）Interestpayable
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Interestoflong-termborrowings | 6,824,896 | 5,754,599 |
| Interestofcorporatebonds | 92,258,065 | |
| Interestofshort-termborrowings | 450,280 | 1,932,661 |
| Total | 7,275,176 | 99,945,325 |
（2）Otherpayables1）Disclosureofotherpayablesbynature
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Guaranteedepositsreceivedfromconstructioncontractors | 372,906,587 | 331,974,002 |
| Accruedcostofsales(i) | 53,706,022 | 62,936,670 |
| Payableforcontractedlabourcosts | 11,483,781 | 28,696,828 |
| Temporaryreceiptsforthirdparties | 2,563,790 | 2,318,135 |
| Others | 15,822,488 | 11,194,224 |
| Total | 456,482,668 | 437,119,859 |
（i）Itrepresentedthepaymentmadetoexternalthirdpartiesarisingfromundertakingtherightsofdebtorandcreditor,comprisingmaintenancecharges,professionalservicefeeandtravellingexpensesetc.
27、Non-currentliabilitiesduewithinoneyear
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Currentportionoflong-termborrowings | 968,935,071 | 443,216,290 |
| Currentportionofdebenturespayable | 1,999,316,522 | |
| Currentportionoflong-termaccountpayable | 39,479,429 | 38,900,194 |
| Total | 1,008,414,500 | 2,481,433,006 |
28、Othercurrentliabilities
Unit:RMB
| Item | 30June2023 | 1January2023 |
| OutputVATtobetransferred | 40,127,791 | 50,107,240 |
| Supplychainfinancing | 49,040,857 | |
| Others | 300,000 | 300,000 |
| Total | 89,468,648 | 50,407,240 |
29、Long-termborrowings
（1）Typesoflong-termborrowings
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Guaranteedloan | 3,730,316,842 | 3,122,455,980 |
| Creditloan | 1,498,583,739 | 1,231,134,000 |
| Total | 5,228,900,581 | 4,353,589,980 |
30、Leaseliabilities
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Leaseliabilities | 3,648,983 | 3,564,330 |
| Total | 3,648,983 | 3,564,330 |
31、Long-termaccountpayable
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Long-termaccountpayable | 109,425,563 | 129,236,878 |
| Total | 109,425,563 | 129,236,878 |
（1）Long-termpayablelistedbynature
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Financeleasepayable | 109,425,563 | 129,236,878 |
32、Provisions
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Minerehabilitationandothercosts | 7,569,501 |
33、Deferredincome
Unit:RMB
| Item | 1January2023 | Increaseincurrentperiod | Decreaseincurrentperiod | 30June2023 |
| Governmentgrants | 449,875,380 | 837,900 | 21,916,903 | 428,796,377 |
| Total | 449,875,380 | 837,900 | 21,916,903 | 428,796,377 |
Governmentgrants:
Unit:RMB
| Item | 1January2023 | Increaseincurrentperiod | Recordedinotherincomeincurrentperiod | 30June2023 | Assets/Incomerelated |
| Tianjinenergysavinggoldsolarproject | 36,842,660 | 1,687,446 | 35,155,214 | Assetsrelated | |
| Dongguanprojectgoldsolarproject | 29,573,250 | 1,375,500 | 28,197,750 | Assetsrelated | |
| HebeiSouthBolkSunProject | 30,250,000 | 1,375,000 | 28,875,000 | Assetsrelated | |
| XianningSouthBoltSolarEngineeringProject | 32,830,417 | 1,515,250 | 31,315,167 | Assetsrelated | |
| WuJiangnaninfrastructurecompensation | 19,421,208 | 2,020,769 | 17,400,439 | Assetsrelated | |
| Qingyuanenergy-savingproject | 8,439,167 | 1,235,000 | 7,204,167 | Assetsrelated | |
| Yichangpolysiliconproject | 7,734,375 | 1,406,250 | 6,328,125 | Assetsrelated | |
| YichangNanolateSiliconMoldingProject | 19,495,676 | 837,900 | 1,510,990 | 18,822,586 | Assetsrelated |
| Sichuanenergy-savingglassproject | 2,205,360 | 827,010 | 1,378,350 | Assetsrelated | |
| Groupcoatinglaboratoryproject | 1,125,000 | 187,500 | 937,500 | Assetsrelated | |
| Yichanghigh-puritysiliconmaterialproject | 2,114,441 | 151,589 | 1,962,852 | Assetsrelated | |
| Yichangsemiconductorsiliconmaterialproject | 2,666,666 | 111,111 | 2,555,555 | Assetsrelated | |
| YichangDisplayCompanyProject | 37,897,545 | 1,333,906 | 36,563,639 | Assetsrelated | |
| XianningOptoelectronicsProject | 5,720,000 | 260,000 | 5,460,000 | Assetsrelated | |
| Shenzhenmedicalequipmentsubsidyproject | 6,014,000 | 582,000 | 5,432,000 | Assetsrelated | |
| Hebeifloatemissionreward | 8,621,656 | 366,879 | 8,254,777 | Assetsrelated | |
| GroupTalentFundProject | 171,000,000 | 171,000,000 | Incomerelated | ||
| Zhaoqingenergy-savingindustrytobuildfinancialsupportfunds | 4,380,527 | 4,380,527 | Incomerelated | ||
| Others | 23,543,432 | 1,590,176 | 21,953,256 | Assetsrelated | |
| Total | 449,875,380 | 837,900 | 21,916,903 | 428,796,377 |
34、Sharecapital
Unit:RMB
| 1January2023 | Movementforcurrentperiod | 30June2023 | |||||
| Newissues | Bonusissue | Transferfromcapitalsurplus | Others | Sub-total | |||
| Totalnumberofordinaryshares | 3,070,692,107 | 3,070,692,107 | |||||
35、Capitalsurplus
Unit:RMB
| Item | 1January2023 | Increaseincurrentperiod | Decreaseincurrentperiod | 30June2023 |
| Sharepremium | 655,424,260 | 655,424,260 | ||
| Othercapitalsurplus | -58,427,175 | -58,427,175 | ||
| Total | 596,997,085 | 596,997,085 |
36、Othercomprehensiveincome
Unit:RMB
| Item | 1January2023 | Othercomprehensiveincomeforcurrentperiod | 30June2023 | |||
| Actualamountbeforetaxforcurrentperiod | Less:Incometaxexpenses | Attributabletoparentcompanyaftertax | Attributabletominorityshareholdersaftertax | |||
| I.Othercomprehensiveincomeitemswhichwillbereclassifiedsubsequentlytoprofitorloss | 170,860,478 | 10,030,559 | 10,030,559 | 180,891,037 | ||
| 1.Differenceontranslationofforeigncurrencyfinancialstatements | 7,158,681 | 10,030,559 | 10,030,559 | 17,189,240 | ||
| 2.Financialrewardsforenergy-savingtechnicalretrofits | 2,550,000 | 2,550,000 | ||||
| 3.Incomegeneratedwhenself-propertyandlanduserightsareconvertedintoinvestmentproperty | 161,151,797 | 161,151,797 | ||||
| Total | 170,860,478 | 10,030,559 | 10,030,559 | 180,891,037 | ||
37、Specialreserve
Unit:RMB
| Item | 1January2023 | Increaseincurrentperiod | Decreaseincurrentperiod | 30June2023 |
| Safetyproductioncosts | 731,580 | 5,038,984 | 5,560,045 | 210,519 |
| Total | 731,580 | 5,038,984 | 5,560,045 | 210,519 |
38、Surplusreserve
Unit:RMB
| Item | 1January2023 | Increaseincurrentperiod | Decreaseincurrentperiod | 30June2023 |
| Statutorysurplusreserve | 1,100,781,433 | 1,100,781,433 | ||
| Discretionarysurplusreserve | 127,852,568 | 127,852,568 | ||
| Total | 1,228,634,001 | 1,228,634,001 |
39、Undistributedprofits
Unit:RMB
| Item | H12023 | H12022 |
| Adjustmentonundistributedprofitatendoflastyear | 7,786,968,455 | 6,450,587,417 |
| Adjustedundistributedprofitatbeginningofperiod | 7,786,968,455 | 6,450,587,417 |
| Add:Netprofitsattributabletoshareholdersofparentcompanyincurrentperiod | 889,478,780 | 1,001,174,398 |
| Less:Appropriationforstatutorysurplusreserve | ||
| Ordinarysharedividendspayable | 614,138,421 | |
| Undistributedprofitsatendofperiod | 8,676,447,235 | 6,837,623,394 |
40、Operatingincomeandoperatingcosts
Unit:RMB
| Item | H12023 | H12022 | ||
| Revenue | Cost | Revenue | Cost | |
| Principaloperation | 8,269,985,146 | 6,451,841,635 | 6,421,792,209 | 4,599,587,540 |
| Otheroperations | 119,355,099 | 43,554,296 | 97,424,467 | 38,058,387 |
| Total | 8,389,340,245 | 6,495,395,931 | 6,519,216,676 | 4,637,645,927 |
41、Taxesandsurcharges
Unit:RMB
| Item | H12023 | H12022 |
| Citymaintenanceandconstructiontax | 18,676,773 | 15,694,124 |
| Educationalsurcharge | 14,886,892 | 13,036,606 |
| Housingpropertytax | 20,987,873 | 17,222,873 |
| Landuserights | 10,894,279 | 8,675,097 |
| Stamptax | 6,454,506 | 3,840,095 |
| Environmentaltax | 2,815,691 | 2,206,638 |
| Others | 1,662,990 | 605,189 |
| Total | 76,379,004 | 61,280,622 |
42、Sellinganddistributionexpenses
Unit:RMB
| Item | H12023 | H12022 |
| Employeebenefits | 99,419,222 | 92,473,703 |
| Entertainmentfees | 8,645,368 | 5,362,131 |
| Businesstravelexpenses | 6,194,559 | 2,856,337 |
| Vehicleusefees | 4,656,501 | 4,488,510 |
| Rentalexpenses | 5,713,495 | 4,437,109 |
| Freightexpenses | 3,390,552 | 2,557,634 |
| Insurancefees | 2,528,186 | 8,951,501 |
| Others | 16,308,258 | 12,779,727 |
| Total | 146,856,141 | 133,906,652 |
43、Generalandadministrativeexpenses
Unit:RMB
| Item | H12023 | H12022 |
| Employeebenefits | 198,481,504 | 194,016,411 |
| Depreciationandamortization | 70,577,321 | 60,669,827 |
| Generalofficeexpenses | 14,943,321 | 13,393,317 |
| Labourunionfunds | 10,994,483 | 9,792,599 |
| Entertainmentfees | 8,997,162 | 8,507,539 |
| Businesstravelexpenses | 4,438,258 | 2,194,600 |
| Waterandelectricityfees | 3,542,076 | 2,955,260 |
| Canteencosts | 5,641,281 | 4,624,155 |
| Vehicleusefees | 3,500,710 | 3,213,151 |
| Consultingadvisers | 3,919,242 | 3,470,195 |
| Others | 15,217,414 | 15,798,758 |
| Total | 340,252,772 | 318,635,812 |
44、Researchanddevelopmentexpenses
Unit:RMB
| Item | H12023 | H12022 |
| Researchanddevelopmentexpenses | 346,264,501 | 265,877,930 |
| Total | 346,264,501 | 265,877,930 |
45、Financialexpenses
Unit:RMB
| Item | H12023 | H12022 |
| Interestonborrowings | 121,742,551 | 118,724,723 |
| Less:Capitalisedinterest | 8,436,348 | 26,740,119 |
| Interestexpenses | 113,306,203 | 91,984,604 |
| Less:Interestincome | 45,500,449 | 30,756,704 |
| Exchangelosses | 3,203,357 | -210,284 |
| Others | 1,755,534 | 1,779,736 |
| Total | 72,764,645 | 62,797,352 |
46、OtherIncome
Unit:RMB
| Item | H12023 | H12022 |
| Governmentsubsidyamortization | 21,916,903 | 71,815,510 |
| Industrysupportfunds | 800,000 | 1,500,000 |
| Governmentincentivefunds | 18,216,697 | 17,203,284 |
| Researchgrants | 1,528,784 | 2,196,600 |
| Others | 4,741,455 | 6,587,158 |
| Total | 47,203,839 | 99,302,552 |
47、Investmentincome
Unit:RMB
| Item | H12023 | H12022 |
| Incomefromstructuraldeposits | 14,478,503 | |
| Interestonnotediscounting | -5,617,361 | |
| Incomefromtermdeposits | 1,534,181 | 1,935,192 |
| Total | -4,083,180 | 16,413,695 |
48、Creditimpairmentloss
Unit:RMB
| Item | H12023 | H12022 |
| Lossesonbaddebtsofotherreceivables | 20,297 | -396,253 |
| Lossesonbaddebtsofaccountsreceivable | -7,621,521 | -1,095,969 |
| Total | -7,601,224 | -1,492,222 |
49、Assetimpairmentloss
Unit:RMB
| Item | H12023 | H12022 |
| Declineinthevalueofinventories | 24,908 | 1,456 |
| Total | 24,908 | 1,456 |
50、Incomeondisposalofassets
Unit:RMB
| Item | H12023 | H12022 |
| Gain/lossondisposalofnon-currentassets | 53,451 | 12,745,461 |
| Total | 53,451 | 12,745,461 |
51、Non-operatingrevenue
Unit:RMB
| Item | H12023 | H12022 | Amountbookedintocurrentnon-recurringprofitsandlosses |
| Compensationincome | 165,653 | 45,951 | 165,653 |
| Amountsunabletopay | 4,901,175 | 3,861,020 | 4,901,175 |
| Insuranceclaims | 3,212,700 | 9,040,000 | 3,212,700 |
| Others | 1,173,805 | 2,186,007 | 710,645 |
| Total | 9,453,333 | 15,132,978 | 8,990,173 |
52、Non-operatingexpenses
Unit:RMB
| Item | H12023 | H12022 | Amountbookedintocurrentnon-recurringprofitsandlosses |
| Donation | 300,614 | 1,731,127 | 300,614 |
| Compensation | 30,225 | 599,074 | 30,225 |
| Governmentsubsidyreturnback | 74,583 | ||
| Others | 155,961 | 1,255,286 | 155,961 |
| Total | 486,800 | 3,660,070 | 486,800 |
53、Incometaxexpenses
（1）Incometaxexpensedetails
Unit:RMB
| Item | H12023 | H12022 |
| Currentincometax | 84,300,053 | 103,724,527 |
| Deferredincometax | -10,205,883 | 65,200,997 |
| Total | 74,094,170 | 168,925,524 |
（2）Adjustmentprocessofaccountingprofitandincometaxexpenses
Unit:RMB
| Item | H12023 |
| Totalprofit | 955,991,578 |
| Incometaxexpensescalculatedatapplicabletaxratesbycompany | 158,703,893 |
| Adjustmentoneffectofincometaxinthepriorperiod | -28,368,714 |
| Costs,expensesandlossesnotdeductiblefortaxpurposes | 741,785 |
| Effectofdeductiblelossonusageofunconfirmeddeferredincometaxassetsinthepriorperiod | -46,970,548 |
| Effectofdeductibletemporarydifferenceordeductiblelossonunconfirmeddeferredincometaxinthecurrentperiod | 1,417,560 |
| Effectofobtainingtaxincentives | -11,429,806 |
| Incometaxexpenses | 74,094,170 |
54、OthercomprehensiveincomeSeeNoteOthercomprehensiveincomefordetails
55、Notestothecashflowstatement
（1）Cashreceivedrelatingtootheroperatingactivities
Unit:RMB
| Item | H12023 | H12022 |
| Securitydepositsreceivedforoperatingpurposes | 140,939,522 | 11,256,308 |
| Interestincome | 45,474,892 | 30,756,704 |
| Governmentgrants | 41,458,937 | 30,487,042 |
| Others | 7,273,702 | 14,736,514 |
| Total | 235,147,053 | 87,236,568 |
（2）Cashpaidrelatingtootheroperatingactivities
Unit:RMB
| Item | H12023 | H12022 |
| Generalofficeexpenses | 22,506,207 | 19,162,389 |
| Insurancefees | 21,517,337 | 22,824,587 |
| Entertainmentfees | 21,343,865 | 16,277,475 |
| Canteencosts | 20,838,907 | 19,549,842 |
| Maintenancefee | 17,742,387 | 13,668,199 |
| Businesstravelexpenses | 14,512,458 | 7,379,731 |
| Vehicleusefee | 10,230,122 | 8,129,592 |
| Rentalexpenses | 9,824,468 | 10,391,291 |
| Consultingadvisers | 8,326,998 | 6,193,327 |
| Freightcosts | 4,833,629 | 3,928,266 |
| Handlingcharges | 1,820,613 | 1,610,434 |
| Others | 52,668,145 | 74,754,081 |
| Total | 206,165,136 | 203,869,214 |
（3）Cashreceivedrelatingtootherinvestingactivities
Unit:RMB
| Item | H12023 | H12022 |
| Securitydepositsreceived | 22,629,490 | |
| Amountsreceivedthathadbeenpreviouslypaidonbehalfofothers | 10,000,000 |
| Total | 32,629,490 |
（4）Cashpaidrelatingtootherinvestingactivities
Unit:RMB
| Item | H12023 | H12022 |
| Securitydepositspaidforinvestmentpurposes | 19,138,102 | |
| Total | 19,138,102 |
（5）Cashreceivedrelatingtootherfinancingactivities
Unit:RMB
| Item | H12023 | H12022 |
| Currentamountsreceived | 12,000,000 | |
| Others | 206,753 | |
| Total | 12,000,000 | 206,753 |
（6）Cashpaymentsrelatingtootherfinancingactivities
Unit:RMB
| Item | H12023 | H12022 |
| Repayfinancingleases | 22,948,274 | 23,022,757 |
| Others | 106,000 | 1,142,255 |
| Total | 23,054,274 | 24,165,012 |
56、Supplementaryinformationtothecashflowstatement
（1）Supplementaryinformationtothecashflowstatement
Unit:RMB
| Supplementaryinformation | H12023 | H12022 |
| 1．Reconciliationfromnetprofittocashflowsfromoperatingactivities | ||
| Netprofit | 881,897,408 | 1,008,590,707 |
| Add:Provisionforassetimpairment | -24,908 | -1,456 |
| Provisionforcreditimpairment | 7,601,224 | 1,492,222 |
| Depreciationoffixedassets,oilandgasassets,andproductivelivingassets | 550,154,625 | 435,495,584 |
| Depreciationofright-of-useassets | 319,141 | 877,303 |
| Amortisationofintangibleassets | 43,479,477 | 31,408,498 |
| Amortisationoflong-termprepaidexpenses | 1,878,327 | 289,845 |
| Losses(gains)ondisposaloffixedassets,intangibleassetsandotherlong-termasset("-"forgains) | -53,451 | -12,745,461 |
| Financialexpenses("-"forgains) | 113,306,203 | 91,984,604 |
| Investmentloss("-"forgains) | 4,083,180 | -16,413,695 |
| Decreaseindeferredtaxassets("-"forincrease) | -4,999,507 | 58,524,476 |
| Increaseindeferredtaxliabilities("-"fordecrease) | -5,206,376 | 6,676,521 |
| Decreaseininventories("-"forincrease) | -306,915,534 | -668,865,872 |
| Decrease/(increase)inoperatingreceivables("-"forincrease) | -825,895,694 | -544,965,419 |
| Increaseinoperatingpayables("-"fordecrease) | 53,764,086 | 505,601,316 |
| Others | 5,038,984 | 4,853,948 |
| Netcashflowsfromoperatingactivities | 518,427,185 | 902,803,121 |
| 2．Netchangesincashandcashequivalents: | ||
| Cashandcashequivalentsatendofperiod | 2,639,260,140 | 2,863,965,769 |
| Less:Cashandcashequivalentsatbeginningofperiod | 4,594,018,251 | 2,756,477,572 |
| Netincreaseincashandcashequivalents | -1,954,758,111 | 107,488,197 |
（2）Netcashpaymentsfortheacquisitionofsubsidiariesinthecurrentperiod
Unit:RMB
| Amount | |
| Cashorcashequivalentspaidinthecurrentperiodforbusinesscombinationsincurredinthecurrentperiod | 696,000 |
| Less:Cashandcashequivalentsheldbysubsidiaryattheacquisitiondate | |
| Add:Cashorcashequivalentspaidinthecurrentperiodforbusinesscombinationsincurredinpriorperiods | |
| Netcashpaymentsfortheacquisitionofsubsidiaries | 696,000 |
（3）Cashandcashequivalentscomposition
Unit:RMB
| Item | 30June2023 | 1January2023 |
| I.Cashandcashequivalents | 2,639,260,140 | 4,594,018,251 |
| Bankdepositsthatcanbereadilydrawnondemand | 2,391,660,140 | 3,242,318,251 |
| Othercashbalancesthatcanbereadilydrawnondemand | 247,600,000 | 1,351,700,000 |
| II.Cashandcashequivalentsatendofperiod | 2,639,260,140 | 4,594,018,251 |
57、Theassetswiththeownershiporuserightrestricted
Unit:RMB
| Item | Bookvalueattheendofreportingperiod | Causeofrestriction |
| Cashatbankandonhand | 20,057,007 | Restrictedcirculationofdeposits,freezes,etc |
| Notereceivable | 701,846,825 | Restrictedpledge |
| Fixedassets | 95,994,423 | Restrictedfinancinglease |
| Constructioninprogress | 25,571,588 | Restrictedfinancinglease |
| Total | 843,469,843 |
58、Monetaryitemsdenominatedinforeigncurrencies
（1）Monetaryitemsdenominatedinforeigncurrencies
Unit:RMB
| Item | Balancesdenominatedinforeigncurrencies | Exchangerates | BalancesdenominatedinRMB |
| Cashatbankandonhand | 103,492,166 | ||
| Including：USD | 12,744,010 | 7.2258 | 92,085,669 |
| EUR | 12,642 | 7.8771 | 99,586 |
| HKD | 11,925,040 | 0.9220 | 10,994,887 |
| SGD | 1,265 | 5.3442 | 6,760 |
| AUD | 797 | 4.7992 | 3,827 |
| JPY | 6,016,707 | 0.0501 | 301,437 |
| Accountsreceivable | 145,856,443 | ||
| Including：USD | 19,045,323 | 7.2258 | 137,617,694 |
| EUR | 834,785 | 7.8771 | 6,575,688 |
| HKD | 1,803,754 | 0.9220 | 1,663,061 |
| Accountspayable | 30,828,637 | ||
| Including：USD | 4,031,344 | 7.2258 | 29,129,682 |
| EUR | 166,156 | 7.8771 | 1,308,827 |
| HKD | 60,560 | 0.9220 | 55,836 |
| JPY | 4,665,010 | 0.0501 | 233,717 |
| GBP | 11,000 | 9.1432 | 100,575 |
59、Governmentgrants
（1）Basicconditionsofgovernmentgrants
Unit:RMB
| Type | Amount | Presentationaccount | Amountincludedinprofitorlossfortheyear |
| Amortizationofgovernmentsubsidies | 21,916,903 | Otherincome | 21,916,903 |
| Othergovernmentsubsidies | 25,286,936 | Otherincome | 25,286,936 |
| Governmentsubsidiesforloaninterest | 17,116,333 | Constructioninprogress/financialexpenses | 3,321,333 |
（2）Generalinformationofgovernmentsubsidiesreturn
√Applicable□Notapplicable
Unit:RMB
| Item | Amount | Causeofreturn |
| Returnofthethirdbatchofspecialfundsfordual-creationrepresentativecarriers | 1,047,210 |
| Returnofthefirstbatchofprojectfundsfortheprovincialmanufacturinghigh-qualitydevelopmentspecialprogramme | 750,000 |
VIII、THECHANGESOFCONSOLIDATIONSCOPE
1、Businesscombinationsnotinvolvingentitiesundercommoncontrol
（1）Businesscombinationsnotinvolvingentitiesundercommoncontrolinthecurrentperiod
Unit:RMB
| Acquiree | Timeofobtainingtheequityinterests | Cost | Equity-holdingpercentage | Wayofobtainingtheequityinterests | Dateofacquisition | Basisforthedeterminationoftheacquisitiondate | Revenueoftheacquireefromthedateofacquisitiontotheperiod-end | Netprofitoftheacquireefromthedateofacquisitiontotheperiod-end |
| GuangdongLichengConstructionEngineeringCo.,Ltd. | March2023 | 696,000 | 100% | Acquisition | 21March2023 | Obtainingcontrol | 0 | -177,262 |
（2）Costofacquisitionandgoodwill
Unit:RMB
| Costofacquisition | GuangdongLichengConstructionEngineeringCo.,Ltd. |
| --Cash | 696,000 |
| Totalcostofacquisition | 696,000 |
| Less:Shareoffairvalueofnetidentifiableassetsacquired | 0 |
| Goodwill/amountbywhichthecostofacquisitionislowerthantheshareoffairvalueofnetidentifiableassetsacquired | 696,000 |
Fairvaluemeasurement,contingentconsiderationandchangesofcostofacquisition:NoneMainreasonforlarge-amountgoodwill:NotapplicableOtherinformation:None
2、Changesinscopeofconsolidationduetootherreasons
（
）On24April2023,theGroupsetupGuangxiCSGMiningCo.,Ltd.(referredtoas"GuangxiMining").Asof30June2023,theGrouphasinvestedRMB50millionincash.TheGroupowns100%ofitsequity.
（2）On19May2023,theGroupsetupWuxuanNanxinMiningCo.,Ltd.(referredtoas"WuxuanMining").Asof30June2023,theGrouphasinvestedRMB6millionincash.TheGroupowns60%ofitsequity.
IX、EQUIRTYINOTHERENTITIES
1、Interestinsubsidiaries
（1）ConstitutionoftheGroup
| NameofSubsidiary | Majorbusinesslocation | Placeofregistration | Scopeofbusiness | Shareholding | Methodofacquisition | |
| Direct | Indirect | |||||
| ChengduCSG | Chengdu,PRC | Chengdu,PRC | Development,productionandsalesofspecialglass | 75% | 25% | Establishment |
| SichuanCSGEnergyConservation | Chengdu,PRC | Chengdu,PRC | Development,productionandsalesofspecialglassandprocessingofglass | 75% | 25% | Separation |
| TianjinEnergyConservation | Tianjin,PRC | Tianjin,PRC | Development,productionandsalesofspecialglass | 75% | 25% | Establishment |
| DongguanCSGEngineering | Dongguan,PRC | Dongguan,PRC | Intensiveprocessingofglass | 75% | 25% | Establishment |
| DongguanCSGSolar | Dongguan,PRC | Dongguan,PRC | Productionandsalesofsolarglass | 75% | 25% | Establishment |
| DongguanCSGPV-tech | Dongguan,PRC | Dongguan,PRC | Productionandsalesofhi-techgreenbatteryandcomponents | 100% | Establishment | |
| YichangCSGPolysilicon | Yichang,PRC | Yichang,PRC | Productionandsalesofhigh-puritysiliconmaterials | 75% | 25% | Establishment |
| WujiangCSGEngineering | Wujiang,PRC | Wujiang,PRC | Intensiveprocessingofglass | 75% | 25% | Establishment |
| HebeiCSG | Yongqing,PRC | Yongqing,PRC | Productionandsalesofspecialglass | 75% | 25% | Establishment |
| WujiangCSG | Wujiang,PRC | Wujiang,PRC | Productionandsalesofspecialglass | 100% | Establishment | |
| ChinaSouthernGlass(HongKong)Limited | HongKong,PRC | HongKong,PRC | Investmentholding | 100% | Establishment | |
| XianningCSG | Xianning,PRC | Xianning,PRC | Productionandsalesofspecialglass | 75% | 25% | Establishment |
| XianningCSGEnergy-Saving | Xianning,PRC | Xianning,PRC | Intensiveprocessingofglass | 75% | 25% | Separation |
| QingyuanCSGEnergy-Saving | Qingyuan,PRC | Qingyuan,PRC | Productionandsalesofultra-thinelectronicglass | 100% | Establishment | |
| ShenzhenCSGFinancialLeasingCo.,Ltd. | Shenzhen,PRC | Shenzhen,PRC | Financeleasing,etc. | 75% | 25% | Establishment |
| JiangyouCSGMiningDevelopmentCo.Ltd. | Jiangyou,PRC | Jiangyou,PRC | Productionandsalesofsilicaanditsby-products | 100% | Establishment | |
| ShenzhenCSGDisplay: | Shenzhen,PRC | Shenzhen,PRC | Productionandsalesofdisplaycomponentproducts | 60.8% | Acquisition | |
| ZhaoqingEnergySavingCompany | ZhaoqingPRC | ZhaoqingPRC | Productionandsalesofvariousspecialglasses | 100% | Establishment | |
| ZhaoqingAutomobileCompany | ZhaoqingPRC | ZhaoqingPRC | Productionandsalesofvariousspecialglasses | 100% | Establishment | |
| AnhuiEnergyCompany | Fengyang,PRC | Fengyang,PRC | Productionandsalesofsolarglassproducts | 100% | Establishment | |
| AnhuiQuartzCompany | Fengyang,PRC | Fengyang,PRC | Productionandsalesofsolarglassproducts | 100% | Establishment | |
| AnhuiSiliconValleyMingduMining | Fengyang,PRC | Fengyang,PRC | Mineralresourcesexploitation | 60% | Establishment | |
| NameofSubsidiary | Majorbusinesslocation | Placeofregistration | Scopeofbusiness | Shareholding | Methodofacquisition | |
| Direct | Indirect | |||||
| Company | ||||||
| Xi'anenergyconservationcompany | Xi’an,PRC | Xi’an,PRC | Productionandsalesofvariousspecialglasses | 55% | 45% | Establishment |
| GuangxiNewEnergyMaterialsCompany | Longgang,PRC | Longgang,PRC | Productionandsalesofvariousspecialglasses | 75% | 25% | Establishment |
（2）Majornon-whollyownedsubsidiaries
Unit:RMB
| NameofSubsidiary | Shareholdingofminorityshareholders | Profitorlossattributabletominorityshareholdersforthecurrentperiod | Dividendsdistributedtominorityshareholdersforthecurrentperiod | Minorityinterestsasattheperiod-end |
| ShenzhenCSGDisplay | 39.20% | -5,431,242 | 405,177,951 |
（3）Keyfinancialinformationofmajornon-whollyownedsubsidiaries
Unit:RMB
| NameofSubsidiary | 30June2023 | |||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
| ShenzhenCSGDisplay | 212,740,693 | 1,294,237,190 | 1,506,977,883 | 329,231,993 | 77,328,171 | 406,560,164 |
| 1January2023 | ||||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
| 200,627,791 | 1,323,084,986 | 1,523,712,777 | 333,428,174 | 79,596,855 | 413,025,029 | |
Unit:RMB
| NameofSubsidiary | H12023 | H12022 | ||||||
| Revenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | Revenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
| ShenzhenCSGDisplay | 242,490,594 | -10,166,567 | -10,166,567 | 5,701,630 | 276,320,544 | 21,191,648 | 21,191,648 | 20,948,584 |
X、RISKSASSOCIATEDWITHFINANCIALINSTRUMENTS
TheGroup'sactivitiesexposeittoavarietyoffinancialrisks:marketrisk(primarilyforeignexchangeriskandinterestraterisk),creditriskandliquidityrisk.TheGroup'soverallriskmanagementprogramfocusesontheunpredictabilityoffinancialmarketandseekstoreducepotentialadverseeffectsontheGroup'sfinancialperformance.
1、Marketrisk
（1）ForeignexchangeriskTheGroup’smajoroperationalactivitiesarecarriedoutinMainlandChinaandamajorityofthetransactionsaredenominatedinRMB.Someexportbusiness,however,isdenominatedinforeigncurrencies.Inaddition,theGroupisexposedtoforeignexchangeriskarisingfromtherecognizedassetsandliabilities,andfuturetransactionsdenominatedinforeigncurrencies,primarilywithrespecttoUSdollarsandHongKongdollar.TheGroupmonitorsthescaleofforeigncurrencytransactions,foreigncurrencyassetsandliabilities,andadjustssettlementcurrencyofexportbusiness,tofurthestreducethecurrencyrisk.On30June2023,bookvaluesinRMBequivalentoftheGroup’sassetsandliabilitiesdenominatedinforeigncurrenciesaresummarizedbelow:
Unit:RMB
| 30June2023 | ||||
| USD | HKD | Others | Total | |
| Financialassetsdenominatedinforeigncurrency | ||||
| Cashatbankandonhand | 92,085,669 | 10,994,887 | 411,610 | 103,492,166 |
| Receivables | 137,617,694 | 1,663,061 | 6,575,688 | 145,856,443 |
| Total | 229,703,363 | 12,657,948 | 6,987,298 | 249,348,609 |
| Financialliabilitiesdenominatedinforeigncurrency | ||||
| Payables | 29,129,682 | 55,836 | 1,643,119 | 30,828,637 |
| Total | 29,129,682 | 55,836 | 1,643,119 | 30,828,637 |
Unit:RMB
| 1January2023 | ||||
| USD | HKD | Others | Total | |
| Financialassetsdenominatedinforeigncurrency | ||||
| Cashatbankandonhand | 31,173,757 | 6,942,974 | 213,024 | 38,329,755 |
| Receivables | 128,863,157 | 1,305,159 | 6,196,529 | 136,364,845 |
| Total | 160,036,914 | 8,248,133 | 6,409,553 | 174,694,600 |
| Financialliabilitiesdenominatedinforeigncurrency | ||||
| Payables | 28,189,789 | 234,966 | 4,483,784 | 32,908,539 |
| Total | 28,189,789 | 234,966 | 4,483,784 | 32,908,539 |
On30June2023,ifthecurrencyhadstrengthened/weakenedby10%againsttheUSDwhileallothervariableshadbeenheldconstant,theGroup’snetprofitfortheyearwouldhavebeenapproximatelyRMB17,048,763lower/higher(31December2022:
approximatelyRMB11,207,006lower/higher)forvariousfinancialassetsandliabilitiesdenominatedinUSD.OtherchangesinexchangeratehadnosignificantimpactontheGroup'soperatingactivitiesexceptUSDdollar.
（2）InterestrateriskTheGroup'sinterestrateriskarisesfromlong-terminterestbearingdebtsincludinglong-termborrowingsandbondspayable.FinancialliabilitiesissuedatfloatingratesexposetheGrouptocashflowinterestraterisk.FinancialliabilitiesissuedatfixedratesexposetheGrouptofairvalueinterestraterisk.TheGroupdeterminestherelativeproportionsofitsfixedrateandfloatingratecontractsdependingontheprevailingmarketconditions.Asat30June2023,theGroup’slong-terminterest-bearingdebtsatandfixedratesandfloatingratesareillustratedbelow:
Unit:RMB
| Type | 30June2023 | 1January2023 |
| Contractsatfixedrates | 763,027,404 | 487,260,925 |
| Contractsatfloatingrates | 4,465,873,177 | 3,866,329,055 |
| Total | 5,228,900,581 | 4,353,589,980 |
TheGroupcontinuouslymonitorstheinterestratepositionoftheGroup.IncreasesininterestrateswillincreasethecostofnewborrowingandtheinterestexpenseswithrespecttotheGroup’soutstandingfloatingrateborrowings,andthereforecouldhaveamaterialadverseeffectontheGroup’sfinancialposition.TheGroupmakesadjustmentstimelywithreferencetothelatestmarketconditions,whichincludesincreasing/decreasinglong-termfixedratedebtsattheanticipationofincreasing/decreasinginterestrate.
2、Creditrisk
Creditriskismanagedonthegroupingbasis.Creditriskmainlyarisesfromcashatbank,notesreceivable,accountsreceivable,otherreceivables.TheGroupexpectsthatthereisnosignificantcreditriskassociatedwithcashatbanksincetheyaremainlydepositedatstate-ownedbanksandothermediumorlargesizelistedbanks.Managementdoesnotexpectthattherewillbeanysignificantlossesfromnon-performancebythesecounterparties.Furthermore,astheGroup’sbankacceptancenotesreceivablearegenerallyacceptedbythestate-ownedbanksandotherlargeandmediumlistedbanks,managementbelievesthecreditriskshouldbelimited.Inaddition,theGrouphaspoliciestolimitthecreditexposureonaccountsreceivable,otherreceivablesandtradeacceptancenotesreceivable.TheGroupassessesthecreditqualityofandsetscreditlimitsonitscustomersbytakingintoaccounttheirfinancialposition,theavailabilityofguaranteefromthirdparties,theircredithistoryandotherfactorssuchascurrentmarketconditions.ThecredithistoryofthecustomersisregularlymonitoredbytheGroup.Inrespectofcustomerswithapoorcredithistory,theGroupwillusewrittenpaymentreminders,orshortenorcancelcreditperiods,toensuretheoverallcreditriskoftheGroupislimitedtoacontrollableextent.
3、Liquidityrisk
CashflowforecastingisperformedbyeachsubsidiaryoftheGroupandaggregatedbytheGroup’sfinancedepartmentinitsheadquarters.TheGroup’sfinancedepartmentatitsheadquartersmonitorsrollingforecastsoftheGroup'sshort-termandlong-termliquidityrequirementstoensureithassufficientcashreserve,whilemaintainingsufficientheadroomonitsundrawncommittedborrowingfacilitiesfrommajorfinancialinstitutionssothattheGroupdoesnotbreachborrowinglimitsorcovenantsonanyofitsborrowingfacilitiestomeettheshort-termandlong-termliquidityrequirements.Managementwillimplementthefollowingmeasurestoensuretheliquidationrisklimitedtoacontrollableextent:
(a)TheGroupwillhavesteadycashinflowsfromoperatingactivities;(b)TheGroupwillpaythedebtsthatmatureandfinancetheconstructionprojectsthroughtheexistingbankfacilities;(c)TheGroupwillcloselymonitorthepaymentofconstructionexpenditureintermsofpaymenttimeandamount.ThefinancialliabilitiesoftheGroupatthebalancesheetdateareanalyzedbytheirmaturitydatebelowattheirundiscountedcontractualcashflows:
Unit:RMB
| Item | 30June2023 | ||||
| Within1year | 1to2years | 2to5years | Over5years | Total | |
| Short-termborrowings | 393,996,838 | 393,996,838 | |||
| Notespayable | 1,359,373,689 | 1,359,373,689 | |||
| Accountspayable | 3,024,632,655 | 3,024,632,655 | |||
| Otherpayables | 463,757,844 | 463,757,844 | |||
| Othercurrentliabilities | 89,468,648 | 89,468,648 | |||
| Non-currentliabilitiesduewithinoneyear | 1,029,820,120 | 1,029,820,120 | |||
| Long-termpayables | 42,357,197 | 67,068,366 | 109,425,563 | ||
| Long-termborrowings | 184,899,213 | 1,451,148,970 | 3,266,108,860 | 916,249,339 | 5,818,406,382 |
| Total | 6,545,949,007 | 1,493,506,167 | 3,333,177,226 | 916,249,339 | 12,288,881,739 |
Unit:RMB
| Item | 1January2023 | ||||
| Within1year | 1to2years | 2to5years | Over5years | Total | |
| Short-termborrowings | 350,149,308 | 350,149,308 | |||
| Notespayable | 994,557,496 | 994,557,496 | |||
| Accountspayable | 2,033,542,627 | 2,033,542,627 | |||
| Otherpayables | 537,065,184 | 537,065,184 | |||
| Othercurrentliabilities | 50,407,240 | 50,407,240 | |||
| Non-currentliabilitiesduewithinoneyear | 2,493,836,975 | 2,493,836,975 | |||
| Long-termpayables | 40,906,147 | 88,330,731 | 129,236,878 | ||
| Long-termborrowings | 159,922,694 | 1,158,108,565 | 2,569,845,854 | 1,040,196,665 | 4,928,073,778 |
| Total | 6,619,481,524 | 1,199,014,712 | 2,658,176,585 | 1,040,196,665 | 11,516,869,486 |
XI、DISCLOSUREOFFAIRVALUE
1、Closingbalanceofassetsandliabilitiesmeasuredatfairvalue
Unit:RMB
| Item | Closingfairvalue |
| Level1 | Level2 | Level3 | Total | |
| Financialassetsatfairvaluethroughprofitorloss | -- | -- | -- | -- |
| Structureddeposits | ||||
| Financialassetsatfairvaluethroughothercomprehensiveincome | -- | -- | -- | -- |
| Receivablesfinancing | 830,989,703 | 830,989,703 | ||
| Investmentproperty | 290,368,105 | 290,368,105 | ||
| Total | 290,368,105 | 830,989,703 | 1,121,357,808 |
2、Fairvalueoffinancialassetsandfinancialliabilitiesnotmeasuredatfairvalue
Thegroup’sfinancialassetsandfinancialliabilitiesmeasuredatamortizedcostmainlyinclude:notesreceivable,accountsreceivable,otherreceivable,short-termborrowings,accountspayable,leaseliabilities,longtermborrowings,bondspayable,etc.Exceptforfinancialliabilitieslistedbelow,bookvalueoftheotherfinancialassetsandliabilitiesnotmeasuredatfairvalueisareasonableapproximationoftheirfairvalue.
Unit:RMB
| Item | 30June2023 | 1January2023 | ||
| Carryingamount | Fairvalue | Carryingamount | Fairvalue | |
| Corporatebonds | 1,999,316,522 | 2,001,520,000 | ||
| Total | 1,999,316,522 | 2,001,520,000 | ||
XII、RELATEDPARTIESANDRELATEDPARTYTRANSACTIONS
1、Informationoftheparentcompany
TheCompanyregardsnoentityastheparentcompany.
2、ThesubsidiariesThegeneralinformationandotherrelatedinformationofthesubsidiariesaresetoutinNoteVII(1).
3、GeneralinformationoftheGroup’sassociateNone
4、Otherrelatedpartiesinformation
| NameofOtherRelatedParty | RelationshipwiththeGroup |
| QianhaiLifeInsuranceCo.,Ltd | ThelargestshareholderoftheCompany |
| SuzhouBaoqiLogisticsCo.,Ltd. | RelatedpartyoftheCompany'slargestshareholderoftakingconcertedaction |
| ShantouChaoshangUrbanComprehensiveManagementCo.,Ltd | RelatedpartyoftheCompany'slargestshareholderoftakingconcertedaction |
| ShantouLaihuaIndustrialCo.,Ltd. | RelatedpartyoftheCompany'slargestshareholderoftaking |
5、Relatedpartytransactions
（1）Purchaseandsalesofgoodsandrenderingandreceivingservices
Tableonpurchaseofgoods/receivingofservices
Unit:RMB
concertedactionRelatedparties
| Relatedparties | Relatedtransaction | H12023 | H12022 |
| QianhaiLifeInsuranceCo.,Ltd | Purchaseoflifeinsurance | 3,787,542 | 3,323,544 |
| Otherrelatedparties | Purchaseofgoods,etc. | 245,339 | |
| Total | 3,787,542 | 3,568,883 |
Tableonsalesofgoods/providingofservices
Unit:RMB
| Relatedparties | Relatedtransaction | H12023 | H12022 |
| ShantouChaoshangUrbanComprehensiveManagementCo.,Ltd | Salesofgoods | 478,927 | |
| Otherrelatedparties | Salesofgoods | 71,645 | 208,935 |
| Total | 550,572 | 208,935 |
（2）Relatedpartyleases
TheCompanyaslessee:
Unit:RMB
| Nameoflessor | Typeofleasedasset | Rentcostsofshort-termleasesandlow-valueassetleaseswithsimplifiedtreatment(ifapplicable) | Variableleasepaymentsnotincludedinthemeasurementofleaseobligation(ifapplicable) | Rentals | Interestexpensesonleaseliabilitiesinthecurrentyear | Increaseofright-of-useassets | |||||
| H12023 | H12022 | H12023 | H12022 | H12023 | H12022 | H12023 | H12022 | H12023 | H12022 | ||
| Otherrelatedparties | Building | 442,325 | 19,559 | ||||||||
6、Receivablesfromandpayablestorelatedparties
（1）Receivablesfromrelatedparties
Unit:RMB
| Relatedparties | 30June2023 | 1January2023 |
| Carryingamount | Provisionforbaddebts | Carryingamount | Provisionforbaddebts | |
| QianhaiLifeInsuranceCo.,Ltd | 572,995 | |||
| Total | 572,995 |
（2）Payablestorelatedparties
Unit:RMB
| Relatedparties | 30June2023 | 1January2023 |
| SuzhouBaoqiLogisticsCo.,Ltd | 314,667 | 314,667 |
| ShantouLaihuaIndustrialCo.,Ltd. | 20,211 | |
| ShantouChaoshangUrbanComprehensiveManagementCo.,Ltd | 200,881 | |
| Otherrelatedparties | 118,762 | 125,408 |
| Total | 453,640 | 640,956 |
7、Commitmentsmadebyrelatedparties
8、Otherinformation
XIII、SHARE-BASEDPAYMENTS
1、Overallshare-basedpaymentsNone
2、Equity-settledshare-basedpaymentsNone
3、Cash-settledshare-basedpayments
None
XIV、COMMITMENTSANDCONTINGENCIES
1、Significantcommitments
CapitalexpenditurescontractedforbytheGroupatthebalancesheetdatebutarenotyetnecessarytoberecognizedonthebalancesheetareasfollows:
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Buildings,machineryandequipment | 5,259,068,982 | 3,060,099,197 |
XV、OTHERSIGNIFICANTEVENTS
1、Segmentreporting
（1）Determinationbasisandaccountingpolicyofreportsegment
TheGroup'sbusinessactivitiesareclassifiedbyproductandserviceasfollows:
-Glasssegment,responsibleforproductionandsaleofflatglassandarchitecturalglass,aswellasproductionofthesilicafortheproductionofflatglass,etc.-Electronicglassanddisplaysegment,responsibleforproductionandsaleofdisplaymodules,specialisedultra-thinglass,etc.-Solarenergyandotherbusinessessegment,responsibleforproductionandsaleofpolycrystallinesiliconandsolarcellmodules,photovoltaicenergydevelopmentandotherproducts,etc.ThereportablesegmentsoftheGrouparethebusinessunitsthatprovidedifferentproductsorservice.Differentbusinessesrequiredifferenttechnologiesandmarketingstrategies.TheGroup,therefore,separatelymanagestheproductionandoperationofeachreportablesegmentandEstimatestheiroperatingresultsrespectively,inordertomakedecisionsaboutresourcestobeallocatedtothesesegmentsandtoassesstheirperformance.Inter-segmenttransferpricesaremeasuredbyreferencetosellingpricestothirdparties.Theassetsareallocatedbasedontheoperationsofthesegmentandthephysicallocationoftheasset.Theliabilitiesareallocatedbasedontheoperationsofthesegment.Expensesindirectlyattributabletoeachsegmentareallocatedtothesegmentsbasedontheproportionofeachsegment’srevenue.
（2）Financialinformationofreportingsegments
Unit:RMB
| Item | Flatglass | Electronicglassanddisplays | Solarandotherindustries | Unallocated | Elimination | Total |
| Revenuefromexternalcustomers | 6,171,504,092 | 668,993,159 | 1,547,866,000 | 976,994 | 8,389,340,245 | |
| Inter-segmentrevenue | 163,683,879 | 51,412,734 | 37,552,445 | 219,179,302 | -471,828,360 | |
| Interestincome | 2,651,076 | 255,643 | 1,062,614 | 41,531,116 | 45,500,449 | |
| Interestexpenses | 48,827,708 | 2,236,857 | 796,665 | 61,444,973 | 113,306,203 | |
| Depreciationandamortisationexpenses | 395,153,159 | 115,017,819 | 74,291,609 | 11,368,983 | 595,831,570 | |
| Totalprofit/(loss) | 539,000,083 | 14,131,929 | 371,745,816 | 31,113,750 | 955,991,578 | |
| Incometax(expenses)/income | 58,762,548 | -573,614 | 15,856,729 | 48,507 | 74,094,170 | |
| Netprofit/(loss) | 480,237,535 | 14,705,543 | 355,889,087 | 31,065,243 | 881,897,408 | |
| Totalassets | 17,035,436,395 | 3,589,063,058 | 4,394,783,457 | 2,246,952,356 | 27,266,235,266 | |
| Totalliabilities | 8,826,523,585 | 638,358,176 | 794,819,916 | 2,735,455,380 | 12,995,157,057 | |
| Increaseinnon-currentassets | 2,053,163,413 | 57,306,824 | 301,156,437 | 5,749,089 | 2,417,375,763 |
XVI、NOTESTOTHEKEYITEMSINTHECOMPANY'SFINANCIALSTATEMENTS
1、Accountsreceivable
（1）Detailsoncategories
Unit:RMB
| Type | 30June2023 | 1January2023 | ||||||||
| CarryingAmount | Provisionforbaddebts | Bookvalue | CarryingAmount | Provisionforbaddebts | Bookvalue | |||||
| Amount | Proportion | Amount | Accrualproportion | Amount | Proportion | Amount | Accrualproportion | |||
| Creditlossprovisionaccruedbyportfolio | 35,178,427 | 100% | 35,178,427 | 24,484,628 | 100% | 489,692 | 2% | 23,994,936 | ||
| Total | 35,178,427 | 100% | 35,178,427 | 24,484,628 | 100% | 489,692 | 2% | 23,994,936 | ||
Disclosurebyages
Unit:RMB
| Aging | 30June2023 |
| Within1year(including1year) | 35,178,427 |
| Total | 35,178,427 |
（2）Provisionsmade,collectedorreversedincurrentperiod
Provisionforbaddebtsmadeincurrentperiod:
Unit:RMB
| Type | 1January2023 | Movementincurrentperiod | 30June2023 | |||
| Accrual | Withdrawalorreversal | Write-off | Others | |||
| Provisionforbaddebtsforaccountsreceivable | 489,692 | 489,692 | ||||
| Total | 489,692 | 489,692 | ||||
（3）Accountsreceivabledetailsofthetop5closingbalancesbydebtors
Unit:RMB
| Name | Accountsreceivableclosingbalance | %oftotalbalance | Provisionforbaddebts |
| Totalbalanceofthefivelargestaccountsreceivables | 35,178,427 | 100% | |
| Total | 35,178,427 | 100% |
2、Otherreceivables
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Dividendreceivable | 129,077,200 | 375,057,800 |
| Otherreceivables | 2,620,795,204 | 1,994,373,982 |
| Total | 2,749,872,404 | 2,369,431,782 |
（1）Dividendsreceivable1）Disclosedbycategories
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Dividendsreceivablefromsubsidiaries | 129,077,200 | 375,057,800 |
| Total | 129,077,200 | 375,057,800 |
（2）Otherreceivables1）Otherreceivablescategorizedbynature
Unit:RMB
| Natureofreceivables | 30June2023 | 1January2023 |
| Duefromrelatedparties | 2,495,577,727 | 1,870,622,635 |
| Others | 176,630,079 | 175,134,028 |
| Total | 2,672,207,806 | 2,045,756,663 |
2）Provisionforbaddebts
Unit:RMB
| Baddebts | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossesinthefollowing12months(grouping) | Lifetimeexpectedcreditlosses(creditunimpaired) | Lifetimeexpectedcreditlosses(creditimpaired)） | ||
| Amounton1January2023 | 82,681 | 51,300,000 | 51,382,681 | |
| Carryingamounton1January2023thatinthisperiod: | ||||
| Increaseincurrentperiod | 29,921 | 29,921 | ||
| Amounton30June2023 | 112,602 | 51,300,000 | 51,412,602 |
3）Disclosurebyages
Unit:RMB
| Ages | 30June2023 |
| Within1year(including1year) | 2,016,721,888 |
| Over1year | 655,485,918 |
| Total | 2,672,207,806 |
4）Provisionsforbaddebtsaccrued,collectedorreversedincurrentperiod
Provisionforbaddebtsaccruedincurrentperiod:
Unit:RMB
| Type | 1January2023 | Movementincurrentperiod | 30June2023 | |||
| Accrual | Withdrawalorreversal | Write-off | Others | |||
| Provisionforbaddebtsofotherreceivables | 51,382,681 | 29,921 | 51,412,602 | |||
| Total | 51,382,681 | 29,921 | 51,412,602 | |||
5）Otherreceivablesdetailsofthetop5closingbalancesbydebtors
Unit:RMB
| Nameofentity | RelationshipwiththeGroup | Amount | Ageing | %oftotalbalance | Provisionforbaddebts |
| Company1 | Subsidiary | 530,568,458 | Within1year | 20% | |
| Company2 | Subsidiary | 263,946,590 | Within1year | 10% | |
| Company3 | Subsidiary | 246,143,413 | Within1year | 9% | |
| Company4 | Subsidiary | 203,072,111 | Over1year | 8% | |
| Company5 | Subsidiary | 188,301,048 | Within1year | 7% | |
| Total | 1,432,031,620 | 54% |
3、Long-termequityinvestments
Unit:RMB
| Item | 30June2023 | 1January2023 | ||||
| Carryingamount | Provisionforimpairment | Bookvalue | Carryingamount | Provisionforimpairment | Bookvalue | |
| Investmentinsubsidiaries | 8,852,769,867 | 15,000,000 | 8,837,769,867 | 7,853,487,027 | 15,000,000 | 7,838,487,027 |
| Total | 8,852,769,867 | 15,000,000 | 8,837,769,867 | 7,853,487,027 | 15,000,000 | 7,838,487,027 |
（1）Investmentsinsubsidiaries
Unit:RMB
| Investee | 1January2023 | Movementincurrentperiod | 30June2023 | Closingbalanceofimpairmentprovision |
Increaseininvestment
| Increaseininvestment | Decreaseininvestmen | Provisionforimpairm | Others |
| t | entloss | ||||||
| ChengduCSG | 151,397,763 | 151,397,763 | |||||
| SichuanEnergyConservationCompany | 119,256,949 | 119,256,949 | |||||
| TianjinEnergyConservationCompany | 247,833,327 | 247,833,327 | |||||
| DongguanEngineeringCompany | 198,276,242 | 198,276,242 | |||||
| DongguanSolarEnergyCompany | 355,120,247 | 355,120,247 | |||||
| DongguanPhotovoltaicCompany | 382,112,183 | 382,112,183 | |||||
| YichangSiliconMaterialCompany | 909,960,170 | 909,960,170 | |||||
| WujiangEngineeringCompany | 254,401,190 | 254,401,190 | |||||
| HebeiCSG | 266,189,705 | 266,189,705 | |||||
| CSG(HongKong)Co.,Ltd. | 87,767,304 | 87,767,304 | |||||
| WujiangCSG | 567,645,430 | 567,645,430 | |||||
| JiangyouSandsCompany | 102,415,096 | 102,415,096 | |||||
| XianningFloatCompany | 181,116,277 | 181,116,277 | |||||
| XianningEnergySavingCompany | 165,452,035 | 165,452,035 | |||||
| QingyuanEnergySavingCompany | 885,273,105 | 885,273,105 | |||||
| ShenzhenCSGFinancialLeasingCo.,Ltd. | 133,500,000 | 133,500,000 | |||||
| ShenzhenDisplayCompany | 550,765,474 | 550,765,474 | |||||
| ZhaoqingEnergySavingCompany | 150,000,000 | 150,000,000 | |||||
| ZhaoqingCSGAutomotiveGlassCo.,Ltd. | 116,047,333 | 27,254,920 | 143,302,253 | ||||
| AnhuiEnergyCompany | 1,300,000,000 | 133,427,920 | 1,433,427,920 | ||||
| AnhuiQuartzCompany | 75,000,000 | 75,000,000 | |||||
| AnhuiSiliconValleyMingduMiningCompany | 120,000,000 | 120,000,000 | |||||
| ShenzhenCSGMedicalCompany | 20,000,000 | 20,000,000 | |||||
| Xi'anenergyconservationcompany | 41,365,000 | 31,600,000 | 72,965,000 | ||||
| GuangxiNewEnergyMaterialsCompany | 57,000,000 | 50,000,000 | 107,000,000 | ||||
| Nanbo(Suzhou)Corporate | 30,000,000 | 30,000,000 |
| HeadquartersManagementCo.,Ltd. | |||||
| ShenzhenSouthGlassNewEnergyIndustryDevelopmentCo.,Ltd | 120,000,000 | 720,000,000 | 840,000,000 | ||
| Others | 250,592,197 | 37,000,000 | 287,592,197 | 15,000,000 | |
| Total | 7,838,487,027 | 999,282,840 | 8,837,769,867 | 15,000,000 |
4、Operatingincomeandoperatingcosts
Unit:RMB
| Item | H12023 | H12022 | ||
| Income | Cost | Income | Cost | |
| Principaloperation | 833,033 | 15,479,200 | 15,015,892 | |
| Otheroperations | 218,992,685 | 214,719,212 | ||
| Total | 219,825,718 | 230,198,412 | 15,015,892 | |
5、Investmentincome
Unit:RMB
| Item | H12023 | H12022 |
| Investmentincomefromlong-termequityinvestmentundercostmethod | 1,680,533,152 | 648,961,128 |
| Investmentincomefromfinancialassetsheldfortradingduringtheholdingperiod | 14,478,503 | |
| Incomefromtermdeposits | 1,534,181 | 1,935,192 |
| Total | 1,682,067,333 | 665,374,823 |
XVII、SUPPLEMENTARYINFORMATION
1、Statementofnon-recurringgainsandlosses
√Applicable□Notapplicable
Unit:RMB
| Item | Amount | Notes |
| Gainsorlossesondisposalofnon-currentassets | 53,451 | |
| Governmentgrantsrecognizedinprofitorloss(exceptforgrantsthatarecloselyrelatedtotheCompany'sbusinessandareinamountsandquantitiesfixedinaccordancewiththenationalstandard) | 48,576,899 | |
| Losses/gainsfromchangesoffairvaluesoccurredinholdingtradingfinancialassetsandtradingfinancialliabilities,andinvestmentincomeobtainingfromthedisposaloftradingfinancialassets,tradingfinancialliabilityandfinancialassetsavailable-for-sale,excludedeffectivehedgingbusinessrelevantwithnormaloperationsoftheCompany | 1,534,181 | |
| Reversalofprovisionforaccountsreceivablethataretestedforcreditlossindividually | 2,698,913 |
| Othernon-operatingincomeorexpensesotherthanabove | 8,503,373 | |
| Less:Influencedamountofincometax | 8,958,077 | |
| Influencedamountofminorshareholders’equity | 1,168,728 | |
| Total | 51,240,012 | -- |
Particularsaboutothergainsandlossesthatmeetthedefinitionofnon-recurringgainsandlosses:
□Applicable√NotapplicableItdidnotexistthatotherprofitandlossitemsmetthedefinitionofnon-recurringgainsandlosses.Explanationofthenon-recurringgainsandlosseslistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingtheirSecuritiestothePublic-Non-recurringGainsandLossesasrecurringgainsandlosses
□Applicable√Notapplicable
2、Returnonnetassetsandearningspershare
| Theprofitofreportingperiod | Weightedaveragereturnonnetassets | Earningspershare | |
| Basicearningspershare(RMB/share) | Dilutedearningspershare(RMB/share) | ||
| NetprofitattributabletoordinaryshareholdersoftheCompany | 6.69% | 0.29 | 0.29 |
| NetprofitattributabletoordinaryshareholdersoftheCompanyafterdeductingnon-recurringgainsandlosses | 6.30% | 0.27 | 0.27 |
BoardofDirectorsofCSGHoldingCo.,Ltd.
29August2023