Shenzhen SEG Co., Ltd.
Q3 2018 Report
October 2018
Chapter 1 Important NoticeThe Board of Directors, the Board of Supervisors, directors, supervisors, and seniorexecutives of the Company undertake that the quarterly report is authentic, accurate,and complete without false records, misleading statements or major omissions andbear joint and several legal liabilities.All directors have attended this meeting of the Board of Directors where thequarterly report was deliberated.Chairman of the Board of Directors Chen Huijie, the Person in charge of accountingLiu Zhijun, and the responsible person of the accounting institution (accountant incharge) Ying Huadong hereby declare that the financial statements enclosed in thisquarterly report are authentic, accurate and complete.
Definitions
Definition
| Definition | Refers to | Description |
| This Company, the Company, the listed company, Shen SEG | Refers to | Shenzhen SEG Co., Ltd. |
| SEG Group | Refers to | Shenzhen SEG Group Co., Ltd. |
| Longgang SEG | Refers to | Shenzhen SEG Electronics Market Management Co., Ltd. |
| Suzhou SEG | Refers to | Suzhou SEG Electronics Market Management Co., Ltd. |
| Suzhou SEG Digital | Refers to | Suzhou SEG Digital Plaza Management Co., Ltd. |
| Nanjing SEG | Refers to | Shenzhen SEG Nanjing Electronics Market Management Co., Ltd. |
| Xi'an SEG | Refers to | Xi'an SEG Electronics Market Co., Ltd. |
| Xi'an Hairong SEG | Refers to | Xi'an Hairong SEG Electronics Market Co., Ltd. |
| Changsha SEG | Refers to | Changsha SEG Development Co., Ltd. |
| Wujiang SEG | Refers to | Wujiang SEG Market Management Co., Ltd. |
| Shunde SEG | Refers to | Shunde SEG Electronics Market Management Co., Ltd. |
| Nanning SEG | Refers to | Nanning SEG Digital Plaza Management Co., Ltd. |
| Shanghai SEG | Refers to | Shanghai SEG Electronics Market Co., Ltd. |
| SEG Baohua | Refers to | Shenzhen SEG Baohua Enterprise Development Co., Ltd. |
| SEG Industrial | Refers to | Shenzhen SEG Industrial Investment Co., Ltd. |
| SEG Credit | Refers to | Shenzhen SEG Credit Co., Ltd. |
| Nantong SEG | Refers to | Nantong SEG Times Plaza Management Co., Ltd. |
| Nantong SEG Operation | Refers to | Nantong SEG Commercial Operation Management Co., Ltd. |
| SEG Intelligent | Refers to | Suzhou SEG Intelligent Technology Co., Ltd. |
| SEG Longyan | Refers to | Shenzhen SEG Longyan Energy Technology Co., Ltd. |
| Hangzhou SEG Longyan | Refers to | Hangzhou SEG Longyan Energy Technology Co., Ltd. |
| SEG Lianzhong | Refers to | Shenzhen SEG Lianzhong Internet Technology Co., Ltd. |
| SEG Zhongtong | Refers to | Shenzhen SEG Zhongtong Technology Co., Ltd. |
| SEG Real Estate | Refers to | Shenzhen SEG Real Estate Investment Co., Ltd. |
| SEG Property Development | Refers to | Shenzhen SEG Property Development Co., Ltd. |
| SEG Recreation | Refers to | Shenzhen SEG Recreation Enterprise Development Co., Ltd. |
| SegMaker | Refers to | Shenzhen SegMaker Co., Ltd. |
| SEG Property Management | Refers to | Shenzhen SEG Property Management Co., Ltd. |
| SEG New Urban | Refers to | Shenzhen SEG New Urban Construction Development Co., Ltd. |
| SEG Yicheng | Refers to | Shenzhen SEG Yicheng Science and Technology Co., Ltd. |
| Target companies | Refers to | SEG Real Estate, SEG Property Development, SEG Recreation and SegMaker that major assets are injected into |
| Huizhou Stars | Refers to | Huizhou Stars Real Estate Development Co., Ltd. |
| SEG Wisdom | Refers to | SEG Wisdom Sports and Culture Development Co., Ltd. |
Definition
| Definition | Refers to | Description |
| Mellow Orange Hotel | Refers to | Shenzhen Mellow Orange Business Hotel Management Co., Ltd |
| Maker Hotel | Refers to | SEG Maker Hotel Management Co., Ltd. |
| Huakong SEG | Refers to | Shenzhen Huakong SEG Co., Ltd. |
| SEG Navigations | Refers to | Shenzhen SEG GPS Scientific Navigations Co., Ltd. |
| Advanced Solar | Refers to | Advanced Solar Power (Hangzhou) Inc. |
| Wangyu Technology | Refers to | Shanghai Wangyu Information Technology Co., Ltd. |
| Shenzhen SASAC | Refers to | State-owned Assets Supervision and Administration Commission of Shenzhen Municipality |
| CSRC | Refers to | China Securities Regulatory Commission |
| Shenzhen Securities Regulatory Bureau | Refers to | Shenzhen Securities Regulatory Bureau of China Securities Regulatory Commission |
| Articles of Association | Refers to | Articles of Association of Shenzhen SEG Co., Ltd. |
| Unless otherwise specified, the amount referred to in the report | Refers to | Amount in RMB |
Chapter 2 Company Profile
I. Major Accounting Data and Financial Indexes
Are retrospective adjustments required to previous financial statements?
□ Yes √ No
| Closing amount | Year-end amount | Year-on-year increase/decrease | |||
| Total assets (Yuan) | 6,219,276,361.52 | 6,992,590,420.75 | -11.06% | ||
| Net assets attributable to shareholders of the listed company (Yuan) | 1,978,103,216.94 | 1,917,228,370.15 | 3.18% | ||
| Current reporting period | Year-on-year increase/decrease | From the beginning of the year to the end of the reporting period | Year-on-year increase/decrease | ||
| Operating revenue (Yuan) | 561,704,545.25 | 112.14% | 1,444,642,633.92 | 68.55% | |
| Net profit attributable to shareholders of the listed company (Yuan) | 40,399,673.95 | 110.59% | 138,066,661.89 | 99.54% | |
| Net profit attributable to shareholders of the listed company after deduction of non-recurring profit or loss (Yuan) | 35,513,724.94 | 81.48% | 88,370,597.84 | 66.86% | |
| Net cash flow arising from operating activities (Yuan) | -- | -- | 88,413,669.12 | -68.44% | |
| Basic EPS (Yuan/Share) | 0.0327 | 110.97% | 0.1117 | 99.46% | |
| Diluted EPS (Yuan/Share) | 0.0327 | 110.97% | 0.1117 | 99.46% | |
| Weighted average ROE | 2.07% | 1.00% | 7.09% | 3.78% | |
Total share capital of the Company as of the trading day before disclosure:
| Total share capital of the Company as of the trading day before disclosure (share) | 1,235,656,249 |
| Fully diluted earnings per share based on the latest share capital (Yuan/share) | 0.1117 |
Items and amount of non-recurring profit or loss:
√ Applicable □ Not applicable
Unit: Yuan
| Item | Amount | Remarks |
| Profit or loss on disposal of non-current assets (including the write-off of assets depreciation reserves) | 57,715,563.13 | Gains on reduction of holding-shares of Huakong SEG and transfer of the equity of SEG Credit |
| Tax return, reduction or exemption with unauthorized approval or without any official approval document | 0.00 | |
| Government subsidies recognized in current profit or loss (except those closely related to corporate business and enjoyed according to national standards or certain quota) | 3,503,363.71 | |
| Fund appropriation charges for non-financial entities recognized in current profit or loss | 1,049,720.00 | |
| Gains on less acquisition costs of subsidiaries, associates and joint ventures than the accrued fair value of the investee's identifiable net assets | 0.00 | |
| Profit or loss on non-monetary assets exchange | 0.00 | |
| Profit or loss on investment or asset management in proxy | 18,959,696.02 | |
| Provision for impairment of assets due to force majeure (such as natural disasters) | 0.00 | |
| Profit or loss on debt restructuring | 0.00 | |
| Corporate restructuring costs, such as staffing expenses and integration costs | 0.00 | |
| Profit or loss on the part exceeding the fair value in unfair transactions | 0.00 | |
| Current net profit or loss of subsidiaries incurred by business combination under common control from the beginning of the reporting period to the | 0.00 |
Item
| Item | Amount | Remarks |
| date of merger | ||
| Profit or loss on contingencies unrelated to business operation of the Company | 0.00 | |
| Profit or loss on changes in fair value due to holding of trading financial assets and trading financial liabilities and investment income from disposal of trading financial assets, trading financial liabilities and available-for-sale financial assets apart from valid hedging operations related to business operation of the Company | 0.00 | |
| Transferred-back impairment provision for accounts receivable, for which separate impairment tests are carried out | 0.00 | |
| Profit or loss on consignment loan | 0.00 | |
| Profit or loss on changes in fair value of investment property subsequently measured by the fair value | 0.00 | |
| Impact of one-time adjustment on the current profit or loss as required by taxation or accounting laws and regulations | 0.00 | |
| Trustee fee from entrusted operation | 104,499.02 | |
| Other non-operating income and expenses except the above-mentioned items | -13,453,613.88 | Estimated liabilities of Nanning SEG arising from lawsuits and payment of the liquidated damages and poverty alleviation funds by SEG Real Estate. |
| Other items conforming to the definition of non-recurring profit and loss | 0.00 | |
| 16,969,807.00 | ||
| Less: Amount of affected income tax | 1,213,356.95 | |
| Amount of influence of minority shareholders' equity (after tax) | 49,696,064.05 | |
| Total | 57,715,563.13 | -- |
An explanation shall be made with regard to the Company's considerations for defining non-recurring profit and loss according to theExplanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public - Non-recurring Profitand Loss and the reason of classifying the non-recurring profit and loss listed in this announcement as recurring.
□ Applicable √ Not applicable
In the reporting period, no items of non-recurring profit and loss listed in the Explanatory Announcement on Information Disclosure by
Companies Offering Securities to the Public No. 1 — Non-recurring Profit and Loss are defined as items of recurring profit and loss.
II. Total number of shareholders and shares held by top 10 shareholders at the end of the reportingperiod
1. Total number of ordinary shareholders and preferred shareholders restored with voting rights and shares heldby top 10 shareholders
Unit: Share
| Total number of ordinary shareholders at the end of the reporting period | 67,654 | Total number of preferred shareholders restored with the voting rights (if any) | 0 | |||||
| Shares held by top 10 shareholders | ||||||||
| Name of shareholder | Nature of shareholder | Proportion of shareholding | Shares held | Quantity of restricted shares held | Information on pledged or frozen shares | |||
| Share status | Quantity | |||||||
| Shenzhen SEG Group Co., Ltd. | State-owned legal person | 56.70% | 700,628,759 | 450,857,239 | ||||
| Liu Guocheng | Domestic natural person | 0.57% | 7,052,702 | 0 | ||||
| Shanghai Juzhang Investment Management Co., Ltd. | Domestic general corporate | 0.40% | 4,967,841 | 0 | ||||
| Liu Guohong | Domestic natural person | 0.26% | 3,213,598 | 0 | ||||
| Gong Qianhua | Overseas natural person | 0.24% | 2,940,000 | 0 | ||||
| China Securities Finance | Domestic general corporate | 0.18% | 2,271,900 | 0 | ||||
CorporationLimited
| Corporation Limited | ||||||
| Xu Yueying | Domestic natural person | 0.14% | 1,790,007 | 0 | ||
| China Hi-tech Group Corporation | State-owned legal person | 0.12% | 1,500,000 | 0 | ||
| Zeng Ying | Domestic natural person | 0.11% | 1,300,000 | 0 | ||
| Du Xinye | Domestic natural person | 0.10% | 1,223,000 | 0 | ||
| Information on top 10 shareholders of non-restricted shares | ||||||
| Name of shareholder | Quantity of unrestricted ordinary shares held | Type of share | ||||
| Type of share | Quantity | |||||
| Shenzhen SEG Group Co., Ltd. | 249,771,520 | RMB ordinary shares | 249,771,520 | |||
| Liu Guocheng | 7,052,702 | Domestically listed foreign shares | 7,052,702 | |||
| Shanghai Juzhang Investment Management Co., Ltd. | 4,967,841 | RMB ordinary shares | 4,967,841 | |||
| Liu Guohong | 3,213,598 | Domestically listed foreign shares | 3,213,598 | |||
| Gong Qianhua | 2,940,000 | Domestically listed foreign shares | 2,940,000 | |||
| China Securities Finance Corporation Limited | 2,271,900 | RMB ordinary shares | 2,271,900 | |||
| Xu Yueying | 1,790,007 | Domestically listed foreign shares | 1,790,007 | |||
| China Hi-tech Group Corporation | 1,500,000 | RMB ordinary shares | 1,500,000 | |||
| Zeng Ying | 1,300,000 | Domestically listed foreign shares | 1,300,000 | |||
| Du Xinye | 1,223,000 | RMB ordinary shares | 1,223,000 | |||
| Explanations on the association relationship or concerted action among the above-mentioned shareholders | Shenzhen SEG Group Co., Ltd. has no association relationship with other shareholders and is not a person acting in concert with other shareholders as specified in the Management Methods for Disclosure of Information on Changes in Shareholding Status of Shareholders of Listed Companies. It is unclear whether other shareholders are persons acting in concert. | |||||
| Information on top 10 ordinary shareholders participating in securities margin trading (if any) | In the foregoing top 10 shareholders, Du Xinye holds 0 share of the Company in the ordinary account and 1,223,000 shares in the margin trading investor credit account, which are 1,223,000 shares of the Company in total. | |||||
Did top 10 ordinary shareholders of the Company or top 10 ordinary shareholders of non-restricted shares conduct agreed repurchasetransactions in the reporting period?
□ Yes √ No
Top 10 ordinary shareholders of the Company or top 10 ordinary shareholders of non-restricted shares did not conduct agreed repurchasetransactions in the reporting period.
2. Total number of preferred shareholders and shares held by top 10 preferred shareholders
□ Applicable √ Not applicable
Chapter 3 Important Matters
I. Changes in main financial data and financial indicators of the reporting period and reasons
√ Applicable □ Not applicable
(I) Balance Sheet Statement
Item
| Item | Closing balance | Opening balance | Difference | Increase or decrease over the previous year (%) |
| Notes receivable and accounts receivable | 94,960,623.30 | 61,934,101.56 | 33,026,521.74 | 53.33% |
| Loans and advances | 399,387,108.14 | -399,387,108.14 | -100.00% | |
| Investment property | 1,045,353,312.48 | 676,888,184.90 | 368,465,127.58 | 54.44% |
| Other non-current assets | 128,250,017.29 | 93,287,630.00 | 34,962,387.29 | 37.48% |
| Short-term borrowing | 727,000,000.00 | 534,792,000.00 | 192,208,000.00 | 35.94% |
| Notes payable and accounts payable | 262,902,343.74 | 470,088,158.63 | -207,185,814.89 | -44.07% |
| Advance receipts | 417,172,922.34 | 707,031,729.23 | -289,858,806.89 | -41.00% |
| Payroll payable | 25,837,106.38 | 41,014,602.99 | -15,177,496.61 | -37.01% |
| Tax payable | 167,199,380.13 | 243,477,530.43 | -76,278,150.30 | -31.33% |
| Non-current liabilities due within one year | 64,276,762.54 | 258,414,693.92 | -194,137,931.38 | -75.13% |
| Estimated liabilities | 8,296,619.85 | 1,137,019.85 | 7,159,600.00 | 629.68% |
1. Notes receivable and accounts receivable increased by RMB 33.03 million or 53.33% year on year, mainly because SEG PropertyManagement confirmed property management income worth RMB 36.97 million.2. Loans and advances decreased by 100% year on year, mainly because this item was loans and advances of SEG Credit and was nolonger incorporated as the equity of SEG Credit was sold.3. Investment property increased by RMB 368.47 million or 54.44% year on year, mainly because the commercial podium built byNantong SEG worth RMB 410.76 million was transferred to investment property for accounting.4. Other non-current assets increased by RMB 34.96 million or 37.48% year on year, mainly because SEG Longyan paid forequipment in advance.5. Short-term borrowings increased by RMB 192.21 million or 35.94% year on year, mainly because bank loans increased in thereporting period.6. Notes payable and accounts payable decreased by RMB 207.19 million or 44.07% year on year, mainly because SEG New Urbanpaid the project fund in the reporting period.7. Advance receipts decreased by RMB 289.86 million or 41% year on year, mainly because SEG New Urban transferred the advancepayment for houses to operating income in the reporting period.8. Payroll payable decreased by RMB 15.18 million or 37.01% year on year, mainly because the wages and bonuses accrued in theprevious year were granted in the reporting period.
9. Tax payable decreased by RMB 76.28 million or 31.33% year on year, mainly because the corporate income tax for 2017 was paidin the reporting period.10. Non-current liabilities due within one year decreased by RMB 194.14 million or 75.13% year on year, mainly because SEG RealEstate repaid loans due within one year.11. Estimated liabilities increased by RMB 7.16 million or 629.68% year on year, mainly because Nanning SEG paid compensationarising from lawsuits in the reporting period.(II) Profit Statement
Item
| Item | Amount of the current period | Amount of the previous period | Difference | Increase or decrease over the previous year (%) |
| Operating income | 1,444,642,633.92 | 857,121,747.39 | 587,520,886.53 | 68.55% |
| Interest income | 6,480,864.92 | 42,344,251.52 | -35,863,386.60 | -84.69% |
| Service charges and commissions income | 888,016.65 | -888,016.65 | -100.00% |
| Operating costs | 994,429,779.15 | 618,357,775.28 | 376,072,003.87 | 60.82% |
| Tax and surcharge | 42,196,977.10 | 14,043,362.00 | 28,153,615.10 | 200.48% |
| Financial expenses | 52,818,041.75 | 16,196,131.68 | 36,621,910.07 | 226.12% |
| Investment income | 59,390,854.81 | 4,144,939.36 | 55,245,915.45 | 1,332.85% |
| Non-operating income | 4,942,048.24 | 11,513,024.15 | -6,570,975.91 | -57.07% |
| Non-operating expenses | 14,951,136.75 | 1,583,510.27 | 13,367,626.48 | 844.18% |
| Income tax expenses | 93,011,306.00 | 52,159,868.66 | 40,851,437.34 | 78.32% |
| Net profit attributable to owners of the parent company | 138,066,661.89 | 69,193,064.76 | 68,873,597.13 | 99.54% |
| Minority interest | 61,153,347.93 | 19,074,811.94 | 42,078,535.99 | 220.60% |
| Other comprehensive income | -56,797.37 | -158,032.32 | 101,234.95 | 64.06% |
1. Operating income increased by RMB 587.52 million or 68.55% year on year, mainly because the income of SEG New Urbanincreased by RMB 592.80 million.2. Interest income decreased by RMB 35.86 million or 84.69%, mainly because the loan business of SEG Credit declined, that becausethe equity transfer of SEG Credit was completed in April 2018, and the service consulting business will not incurred.3. Service charges and commissions income decreased by RMB 8.88 million or 100% year on year, mainly because the equity transferof SEG Credit was completed in April 2018, and the service consulting business will not incurred.4. Operating costs increased by RMB 376.0 million or 60.82% year on year, mainly because the costs of SEG New Urban increased byRMB 392.10 million.5. Tax and surcharge increased by RMB 28.15 million or 200.48% year on year, mainly because increase in the income of SEG NewUrban resulted in increase in tax expenses.6. Financial expenses increased by RMB 36.62 million or 226.12% year on year, mainly because in the reporting period (1) the realestate project of SEG New Urban was completed and capitalization of borrowing interests; (2) increase in loans resulted in increase ininterest expenses.
7. Investment income increased by RMB 55.25 million or 1,332.85% year on year, mainly due to investment income from sales of theshares of Huakong SEG.8. Non-operating income decreased by RMB 6.57 million or 57.07% year on year, mainly because the compensation for shareholdersof Suzhou SEG RMB 3.50 million and government subsidies for Nantong SEG RMB 2.30 million were incurred in the same periodlast year, while such income was not incurred in the reporting period.9. Non-operating expenses increased by RMB 13.37 million or 844.18% year on year, mainly because in the reporting period (1) SEGReal Estate paid for contract termination (2017 Y. 0307 M. C. No. 6835); (2) Nanning SEG paid compensation arising from lawsuits.10. Income tax expenses increased by RMB 40.85 million or 78.32% year on year, mainly because in the reporting period (1) theCompany gained the investment income of RMB 45.70 million from the sales of the shares of Huakong SEG; (2) the income of SEGNew Urban increased.11. Net profit attributable to owners of the parent company increased by RMB 68.87 million or 99.54% year on year, mainly becausein the reporting period (1) the Company gained the investment income of RMB 45.70 million from the sales of the shares of HuakongSEG; (2) the income of SEG New Urban increased.12. Minority interest increased by RMB 42.08 million or 220.60% year on year, mainly because SEG ECO project of SEG Real Estatereached the income recognition criteria and the sales proceeds received in advance are transferred to income, resulting in increase innet profit.13. Other comprehensive income increased by RMB 101.23 thousand or 64.06% year on year, mainly because the value of shares ofYouhao Group held by SEG Baohua, a holding subsidiary of the Company, in the reporting period declined less than in the sameperiod last year.(III) Cash Flow Statement
Item
| Item | Amount of the current period | Amount of the previous period | Difference | Increase or decrease over the previous year (%) |
| Cash received from interest, fees and commissions | 6,311,198.08 | 47,251,322.15 | -40,940,124.07 | -86.64% |
| Tax refunds | 246,846.66 | 749,351.94 | -502,505.28 | -67.06% |
| Net increase in customer loans and advances | -15,664,988.00 | -29,325,104.19 | 13,660,116.19 | 46.58% |
| Cash received from investment income | 64,918,960.93 | 12,926,977.20 | 51,991,983.73 | 402.20% |
| Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | 66,254,262.96 | 122,826,868.88 | -56,572,605.92 | -46.06% |
| Cash received by absorbing investments | 980,000.00 | 151,637,998.48 | -150,657,998.48 | -99.35% |
| Cash received from borrowing | 979,000,000.00 | 650,000,000.00 | 329,000,000.00 | 50.62% |
| Cash paid for debt repayment | 924,664,813.71 | 681,901,725.48 | 242,763,088.23 | 35.60% |
| Dividends and profits paid by subsidiaries to minority shareholders | 26,262,417.89 | 47,286,452.85 | -21,024,034.96 | -44.46% |
1. Cash received from interest, fees and commissions decreased by RMB 40.94 million or 86.64% year on year, mainly because theequity transfer of SEG Credit was completed in April 2018 and the cash flow statement of SEG Credit was no longer consolidated
since May 2018.2. Tax refunds decreased by RMB 502.5 thousand or 67.06% year on year, mainly because Suzhou SEG received tax refunds of RMB599.7 thousand in the same period last year. After adjustment of the operation model in 2017, the cash flow statement of Suzhou SEGwas no longer consolidated in 2018.3. Net increase in customer loans and advances increased by RMB 13.66 million or 46.58% year on year, mainly due to decrease in thesize of loans granted by SEG Credit in the reporting period. The equity transfer of SEG Credit was completed in April 2018 and thecash flow statement of SEG Credit was no longer consolidated since May 2018.4. Cash received from investment income increased by RMB 51.99 million or 402.20% year on year, mainly because the Companyreceived cash by sales of the shares of Huakong SEG in the reporting period.5. Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets decreased by RMB 56.57million or 46.06% year on year, mainly because SEG Longyan incurred RMB 95.32 million for its new industrial park.6. Cash received by absorbing investments decreased by RMB 150.66 million or 99.35% year on year, mainly because SEG Longyanand SEG Lianzhong received investments from minority shareholders in the same period last year.7. Cash received from borrowing increased by RMB 329 million or 50.62% year on year, mainly due to increase in bank loansreceived by the Company in the reporting period.8. Cash paid for debt repayment increased by RMB 242.76 million or 35.60% year on year, mainly due to increase in bank loans duefor repayment of the Company in the reporting period.9. Dividends and profits paid by subsidiaries to minority shareholders decreased by RMB 21.02 million or 44.46% year on year,mainly because the dividends and profits paid by SEG Credit and Suzhou SEG corresponding period of last year, which amount is14.97 million is not occurred in the reporting period.
II. Progress and impacts of major events and analysis of solutions
√ Applicable □ Not applicable
There are no other major events than major events in the following table.
Overview of Major Events
| Overview of Major Events | Disclosure Date | Inquiry Index for the Websites Disclosing the Temporary Reports |
| 1. On April 9, 2018, the Company, its holding subsidiaries, and SEG Group entered into the Equity Transfer Agreement concerning the transfer of 62% of the equity of SEG Credit to SEG Group at the price of RMB 126,699,000. On April 18, 2018, SEG Credit completed business registration alteration for equity transfer where the shareholder is changed to SEG Group and SEG Credit is changed from a holding subsidiary of the Company to a wholly-owned subsidiary directly held by SEG Group. As the short-term financing certificates of SEG Credit subscribed by the Company were not due yet at the time of equity transfer, the current account balance | August 31, 2018 | http://www.cninfo.com.cn 2018 Semi-annual Report of Shenzhen SEG Co., Ltd. |
RMB 185,000,000 arising from suchshort-term financing certificates constitutedindirect related-party current account withthe wholly-owned subsidiary of thecontrolling shareholder. As of August 20,2018, such balance and income have beenrecovered in advance.
| RMB 185,000,000 arising from such short-term financing certificates constituted indirect related-party current account with the wholly-owned subsidiary of the controlling shareholder. As of August 20, 2018, such balance and income have been recovered in advance. | ||
| 2. Nanning Haiqi Real Estate Development Co., Ltd. vs. Nanning SEG Electronics Market Co., Ltd. & Shenzhen SEG Co., Ltd. for the dispute over the house lease contract (case number: 2016 G. 0102 M. C. No. 3653): According to the second-instance judgment, Nanning SEG shall pay to Nanning Haiqi the liquidated damages of RMB 8 million and the attorney fee of RMB 263,000 and shall pay the case acceptance fee of RMB 134,238. The Company applied for retrial. On July 11, 2018, the Higher People's Court of Guangxi accepted the case. | September 26, 2016 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on the Receipt of Court Summons and civil Complaints by the Company |
| August 31, 2018 | http://www.cninfo.com.cn 2018 Semi-annual Report of Shenzhen SEG Co., Ltd. | |
| 3. SEG Industrial vs. Shenzhen Wonder Industry Co., Ltd., Liu Guiyun & Liu Yu for the dispute over the purchase and sales contract (case number: (2017) Y. 0304 M. C. No. 5092): The amount involved was RMB 8,394,100. The first-instance judgment of the case has taken effect. The claims filed by SEG Industrial have basically been supported. Only the overdue fine has not been fully supported, and SEG Industrial has applied for enforcement to the court. | September 20, 2018 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on the Progress of Litigation of Holding Subsidiaries |
| 4. SEG Industrial vs. Shenzhen Yixin Zhongtian Technology Co., Ltd., Zhe Shaojun & Zhao Xiaoyan for the dispute over the purchase and sales contract (case number: (2017) Y. 0304 M. C. No. 5088): The amount involved was RMB 14,805,700. The first-instance judgment of the case has taken effect. The claims filed by SEG Industrial have basically been supported. Only the overdue fine has not been fully | September 20, 2018 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on the Progress of Litigation of Holding Subsidiaries |
supported.
| supported. | ||
| 5. SEG Industrial vs. Shenzhen Comnet Technology Co., Ltd., Xiao Qingshan, Zhou Ronghua, Anhua Meishan Small Loan Co., Ltd. & Shenzhen Baiyide Technology Co., Ltd. for the dispute over the purchase and sales contract (case number: (2017) Y. 0304 M. C. No. 7976): The amount involved was RMB 5,155,400. According to the first-instance judgment, SEG Industrial was the prevailing party. The counterparty arrested the first-instance judgment and instituted an appeal. The case is under the second instance trial. | September 20, 2018 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on the Progress of Litigation of Holding Subsidiaries |
| 6. SEG Industrial vs. Shenzhen Runneng Digital Technology Co., Ltd., Xiao Qingshan, Zhou Ronghua, Anhua Meishan Small Loan Co., Ltd. & Shenzhen Baiyide Technology Co., Ltd. for the dispute over the purchase and sales contract (case number: (2017) Y. 0304 M. C. No. 7977): The amount involved was RMB 15,345,000. According to the first-instance judgment, SEG Industrial was the prevailing party. The counterparty arrested the first-instance judgment and instituted an appeal. The case is under the second instance trial. | September 20, 2018 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on the Progress of Litigation of Holding Subsidiaries |
| 7. In the reporting period, Shenzhen Norbida Environmental Protection Co., Ltd. sued against Shenzhen SEG Property Development Co., Ltd. for the dispute over the cooperation contract (case number: (2018) S. Z. S. Zi. No. 987): The amount involved was RMB 3,989,700. The case is under trial. | August 31, 2018 | http://www.cninfo.com.cn 2018 Semi-annual Report of Shenzhen SEG Co., Ltd. |
| 8. In the reporting period, Shenzhen SEG New Urban Construction Development Co., Ltd. sued against MINMAXS City Investment Management Co., Ltd. and Belugaplan Culture Development (Dalian) Co., Ltd. respectively for disputes over lease contracts. The amount involved was | August 31, 2018 | http://www.cninfo.com.cn 2018 Semi-annual Report of Shenzhen SEG Co., Ltd. |
RMB 8,541,500. Both cases are under trial.
| RMB 8,541,500. Both cases are under trial. | ||
| 9. In the reporting period, Nantong SEG Commercial Operation Management Co., Ltd. was involved in 15 cases (including four additional cases) because the merchants delayed the payment of rents and management expenses to Nantong SEG Operation, resulting in disputes over lease contracts. The amount involved was RMB 7,416,700. 14 cases have been settled and Nantong SEG Operation was the prevailing party. One case is under the second instance trial. | August 31, 2018 | http://www.cninfo.com.cn 2018 Semi-annual Report of Shenzhen SEG Co., Ltd. |
| 10. In the reporting period, Nantong SEG was involved in 16 cases (including 11 additional cases and Nantong SEG was the defendant in two cases) for disputes over decoration contracts. The amount involved was RMB 34,156,300. | August 31, 2018 | http://www.cninfo.com.cn 2018 Semi-annual Report of Shenzhen SEG Co., Ltd. |
| 11. <Proposal for applying for a comprehensive credit line of RMB 150 million yuan with its own assets mortgage>: Huizhou Stars, a holding subsidiary of SEG Real Estate (a holding subsidiary of the Company), intends to mortgage its self-owned property: 50 commercial properties in 1-5F of SEG Holiday Plaza to apply for a loan with the general credit limit of RMB 150,000,000 to the bank for repayment of borrowing from its shareholders. | August 28, 2018 | http://www.cninfo.com.cn/ Announcement of Shenzhen SEG Co., Ltd. on the Resolution of the 38th Extraordinary Meeting of the 7th Board of Directors |
| 12. Huizhou Stars, a holding subsidiary of SEG Real Estate (a holding subsidiary of the Company), acquired the state-owned land use right of the land parcel (No. GP2018-7) located in Huizhou, Guangdong transferred by Huizhou Land Resources Bureau by listing and bidding at the price of RMB 133,000,000. | August 29, 2018 | http://www.cninfo.com.cn/ Announcement of Shenzhen SEG Co., Ltd. on the Acquisition of the Land Use Right by Huizhou Stars Real Estate Development Co., Ltd. |
13. <Proposal for adjusting the plan ofpublic offering corporate bonds> &<Proposal for the general meeting ofshareholders to authorize the board ofdirectors and authorized persons of theBoard of directors to handle the issue ofcorporate bonds to qualified investors>:
Through negotiation between the Companyand intermediaries such as brokers and legalconsultants hired for the issuance ofcorporate bonds, the Company adjusted thecontent of the "purchaser" clause in thecorporate bond public offering program asfollows:
1) Before adjustment:
The corporate bonds are issued to no morethan 200 qualified investors that complywith the Regulations on the Administrationof Issuance and Transaction of CorporateBonds (the directors, supervisors, seniorexecutives and shareholders of the issuerthat hold more than 5% of the shares of theCompany can subscribe and transfercorporate bonds issued by the Company,which are not subject to the qualifications ofqualified investors).2) After adjustment:
The corporate bonds are issued to qualifiedinvestors that comply with the Regulationson the Administration of Issuance andTransaction of Corporate Bonds and otherlaws and regulations through publicoffering.The Board of Directors and authorizedpersonnel of the Board of Directors aregranted with full power to handle publicoffering of corporate bonds to qualifiedinvestors.
| 13. <Proposal for adjusting the plan of public offering corporate bonds> & <Proposal for the general meeting of shareholders to authorize the board of directors and authorized persons of the Board of directors to handle the issue of corporate bonds to qualified investors>: Through negotiation between the Company and intermediaries such as brokers and legal consultants hired for the issuance of corporate bonds, the Company adjusted the content of the "purchaser" clause in the corporate bond public offering program as follows: 1) Before adjustment: The corporate bonds are issued to no more than 200 qualified investors that comply with the Regulations on the Administration of Issuance and Transaction of Corporate Bonds (the directors, supervisors, senior executives and shareholders of the issuer that hold more than 5% of the shares of the Company can subscribe and transfer corporate bonds issued by the Company, which are not subject to the qualifications of qualified investors). 2) After adjustment: The corporate bonds are issued to qualified investors that comply with the Regulations on the Administration of Issuance and Transaction of Corporate Bonds and other laws and regulations through public offering. The Board of Directors and authorized personnel of the Board of Directors are granted with full power to handle public offering of corporate bonds to qualified investors. | September 22, 2018 | http://www.cninfo.com.cn/ Announcement of Shenzhen SEG Co., Ltd. on the Resolution of the 40th Extraordinary Meeting of the 7th Board of Directors |
| October 11, 2018 | http://www.cninfo.com.cn/ Announcement of Shenzhen SEG Co., Ltd. on the Resolution of the 4th Extraordinary General Meeting in 2018 of Shenzhen SEG Co., Ltd. | |
| 14. <Proposal for providing collateral and counter guarantee for corporate bonds>: Based on the situation of the bond market, in order to lower the general costs of bond | September 22, 2018 | Announcement of Shenzhen SEG Co., Ltd. on Mortgage and Counter Guarantee for the Issuance of Corporate Bonds |
issuance and ensure successful issuance, theCompany intends to hire the third-partycredit enhancement institution GuangdongUtrust Financial Leasing Co., Ltd. (Utrust)to enhance credit for its bond issuance. On afair and rational basis, the parties agree thatthe guarantee fee is collected at the rate of0.6% of the total bonds issued throughnegotiation. As required by the guarantor,the Company intends to mortgage itscommercial property located inHuaqiangbei, Futian District, Shenzhen toUtrust for counter guarantee. The generalmeeting of the Company authorized thechairman or an authorized proxy of thechairman of the Company to sign the abovecounter guarantee contract as required.
| issuance and ensure successful issuance, the Company intends to hire the third-party credit enhancement institution Guangdong Utrust Financial Leasing Co., Ltd. (Utrust) to enhance credit for its bond issuance. On a fair and rational basis, the parties agree that the guarantee fee is collected at the rate of 0.6% of the total bonds issued through negotiation. As required by the guarantor, the Company intends to mortgage its commercial property located in Huaqiangbei, Futian District, Shenzhen to Utrust for counter guarantee. The general meeting of the Company authorized the chairman or an authorized proxy of the chairman of the Company to sign the above counter guarantee contract as required. | October 11, 2018 | http://www.cninfo.com.cn/ Announcement of Shenzhen SEG Co., Ltd. on the Resolution of the 4th Extraordinary General Meeting in 2018 of Shenzhen SEG Co., Ltd. |
| 15. Resignation of the director Zhang Guangliu and election of Gao Jianbo as a director | July 19, 2018 | Announcement of Shenzhen SEG Co., Ltd. on the Resignation of Directors |
| August 29, 2018 | http://www.cninfo.com.cn/ Announcement of Shenzhen SEG Co., Ltd. on the Resolution of the 39th Extraordinary Meeting of the 7th Board of Directors | |
| September 14, 2018 | http://www.cninfo.com.cn/ Announcement of Shenzhen SEG Co., Ltd. on the Resolution of the 3rd Extraordinary General Meeting in 2018 of Shenzhen SEG Co., Ltd. | |
| 16. Application for the general loan limit of RMB 500 million to three banks | July 21, 2018 | http://www.cninfo.com.cn/ Announcement of Shenzhen SEG Co., Ltd. on the Resolution of the 36th Extraordinary Meeting of the 7th Board of Directors |
| 17. Reduction of holding-shares of Shenzhen Huakong SEG Co., Ltd. which is not implemented yet in the reporting period | August 23, 2018 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on the Progress of Reduction of Holding-shares of Shenzhen Huakong SEG Co., Ltd. |
| 18. Nantong SEG Times Plaza Co., Ltd.'s guarantee and joint and several liability for bank mortgage loans of customers who have purchased the developed project | September 22, 2018 | Announcement of Shenzhen SEG Co., Ltd. on Nantong SEG Times Plaza Co., Ltd.'s Phased Guarantee for Bank Mortgage Loans of Customers who Have Purchased the Developed Project |
| October 11, 2018 | http://www.cninfo.com.cn/ |
Announcement of Shenzhen SEG Co., Ltd.on the Resolution of the 4th ExtraordinaryGeneral Meeting in 2018 of Shenzhen SEGCo., Ltd.
III. Commitments not fulfilled in the reporting period by the actual controller of the Company, shareholders, buyers, or other related parties
√ Applicable □ Not applicable
Commitments
| Commitments | Subject | Type | Content | Commitment date | Commitment term | Performance |
| Commitment for share reform | Not applicable | |||||
| Commitment made in the acquisition report or the equity change report | Not applicable | |||||
| Commitments made during major assets restructuring | Shenzhen SEG Group Co., Ltd. | Other commitment | "After updating and restructuring of SEG Industrial Building, SEG Economy Building, and SEG Recreation Industry Building, the area of added part that belongs to SegMaker, SEG Recreation and SEG Property is 2,855.20 m2. SEG Group undertakes that the use of the temporary buildings belonged to SegMaker, SEG Recreation and SEG Property will be renewed after expiration of the two-year use duration. In case when, due to failure in renewal of use of temporary buildings, the listed company has any loss or the income during the period from expiration of the performance commitment period to expiration of the evaluated income expected period is lower than the expected compensation, or the listed company has any loss because the temporary buildings are required to be dismantled by governmental organs during the period from expiration of the performance commitment period to expiration of the evaluated income expected period, SEG Group will compensate the listed company timely and in full amount according to the following compensation methods: 1. SEG Group has made commitments for the performance of the subject company within three years after completion of major asset restructuring. Influence of the updating and restructuring project has been taken into account in the commitments. 2. The amount of compensation for the income that is lower than the expected income during the period from expiration of the performance commitment period to | August 3, 2016 | April 20, 2024 | Extended performance (The Company has applied for extension of the license for the said property and submitted application materials to the relevant competent authority for approval. SEG Group is assisting with such extension application. The renewal application is still under approval and the |
expiration of the evaluated income expected period = (the predicted accumulatedincome to the end of the report period - actual accumulated income to the end of thereport period) - the compensated amount.3. The loss caused when the temporary buildings are required to be dismantled bygovernmental organs during the period from expiration of the performancecommitment period to expiration of the evaluated income expected period = thedismantling cost and compensation amount related - (the accumulated total incometo the time the buildings are dismantled- predicted accumulated income during thepredication period). Note: the predicted income refers to the net value remainedafter the predicted total income from the newly added temporary buildings in theevaluation reports of the subject companies minuses the allocated investment costduring the operating period and the amount influenced by permanent renttermination predicted in the evaluation report. Shenzhen SEG should employ anaudit agency with security practice qualification recognized by SEG Group toprovide a formal audit report on the compensation methods for the propertyinvestment within the compensation scope of the report period within four months atthe end of each accounting year during the compensation period. SEG Group shouldcompensate in cash any property investment and compensation items within thecompensation scope of the report period. Shenzhen SEG should calculate thepayable compensation amount within 15 working days upon final specific reviewopinions provided by the audit agency, and send a written notice to SEG Group.Within 30 working days upon receipt of the written notice from Shenzhen SEG,SEG Group should pay the compensation in cash in full amount."
| expiration of the evaluated income expected period = (the predicted accumulated income to the end of the report period - actual accumulated income to the end of the report period) - the compensated amount. 3. The loss caused when the temporary buildings are required to be dismantled by governmental organs during the period from expiration of the performance commitment period to expiration of the evaluated income expected period = the dismantling cost and compensation amount related - (the accumulated total income to the time the buildings are dismantled- predicted accumulated income during the predication period). Note: the predicted income refers to the net value remained after the predicted total income from the newly added temporary buildings in the evaluation reports of the subject companies minuses the allocated investment cost during the operating period and the amount influenced by permanent rent termination predicted in the evaluation report. Shenzhen SEG should employ an audit agency with security practice qualification recognized by SEG Group to provide a formal audit report on the compensation methods for the property investment within the compensation scope of the report period within four months at the end of each accounting year during the compensation period. SEG Group should compensate in cash any property investment and compensation items within the compensation scope of the report period. Shenzhen SEG should calculate the payable compensation amount within 15 working days upon final specific review opinions provided by the audit agency, and send a written notice to SEG Group. Within 30 working days upon receipt of the written notice from Shenzhen SEG, SEG Group should pay the compensation in cash in full amount." | license for renewal is not obtained yet.) | |||||
| Commitment made at the time of initial public offerings or refinancing | Not applicable | |||||
| Commitment on equity incentives | Not applicable |
Other commitmentsmade to small andmedium-sizedshareholders of theCompany
| Other commitments made to small and medium-sized shareholders of the Company | Not applicable | |||||
| Commitments fulfilled as scheduled or not | No | |||||
| If commitments are not fulfilled as scheduled, specify the reasons and further work plans | The new property in the reconstruction project of SEG Industrial Building and other two buildings is a temporary building. According to the license, the service duration of the temporary building is from April 21, 2016 to April 20, 2018. Upon expiration, the licensed service duration can be extended for a period of one year. The Company has applied for extension of the license for the said property and submitted application materials to the relevant competent authority for approval. SEG Group is assisting with such extension application. The renewal application is still under approval and the license for renewal is not obtained yet. | |||||
IV. Estimation of operating results of 2018
Warning of negative estimated accumulated net profit from the beginning of the year to the end of the next reporting period or large fluctuation over the same period last year andcauses
□ Applicable √Not applicable
V. Securities investment
√ Applicable □ √Not applicable
Stock type
| Stock type | Stock code | Short form of the security | Initial investment cost | Accounting measurement mode | Opening book value | Profit or loss from changes in fair value in the current period | Accumulative changes in fair value counted into equity | Amount of purchase in the current period | Amount of sales in the current period | Profit or loss in the reporting period | Closing book value | Accounting item | Source of capital |
| Domestic and overseas shares | 600778 | Youhao Group | 90,405.00 | Measurement by fair value | 365,918.49 | -77,674.24 | 288,244.25 | Available-for-sale financial assets | Self-owned capital | ||||
| Domestic and overseas shares | 000068 | Huakong SEG | 183,372,210.43 | Measurement by fair value | 171,297,598.43 | 42.83 | -9,538,391.50 | -9,694,393.72 | 152,064,856.04 | Other assets | Self-owned capital | ||
| Domestic and overseas shares | 832770 | SEG Navigations | 8,275,321.43 | Measurement with the cost method | 13,515,392.83 | 0.00 | 0.00 | 0.00 | 13,515,392.83 | Available-for-sale financial assets | Self-owned capital | ||
| Other securities investments held at the end of the period | -- | -- | -- | ||||||||||
| Total | 191,737,936.86 | -- | 185,178,909.75 | -77,631.41 | 0.00 | -9,538,391.50 | -9,694,393.72 | 165,868,493.12 | -- | -- | |||
| Disclosure date of the announcement on approval of securities investments by the Board of Directors | |||||||||||||
| Disclosure date of the announcement on approval of securities investments by the General Meeting (if any) | |||||||||||||
VI. Financial management by agent
√ Applicable □ √Not applicable
Unit: RMB 10,000
Type
| Type | Source of capital | Amount incurred | Outstanding balance | Amount overdue unrecovered |
| Financial products of banks | Self-owned capital | 62,600 | 18,100 | 0 |
| Total | 62,600 | 18,100 | 0 | |
Details of financial management by agent with single significant amount or low security, poor liquidity or no capital preservation
√Applicable □ Not applicable
Unit: ten thousand yuan
| Name of trustee | Type of trustee | Product type | Amount | Fund source | Start date | End date | Fund usage | Remuneration confirmation method | Reference annual yield | Expected yield (if any) | Actual loss and gain amount in the reporting period | Actual return of gains and losses in the reporting period | Accrued provisions for impairment (if any) | Through legal procedures or not | Entrusted financing plan in the future or not | Summary and related query index (if any) |
| Industrial and Commercial Bank of China | Bank | Non guaranteed floating income type | 3,000 | Internal funds | April 26, 2018 | April 20, 2019 | High liquidity asset s & Debt assets & Other assets & portfolio | repay the capital and interest after maturity | 5.00% | 147.95 | 0 | Prematurity | YES | YES | ||
| Total | 3,000 | -- | -- | -- | -- | -- | -- | 147.95 | 0 | -- | -- | -- | -- | -- | ||
Financial management by agent of which the principal is expected not to be recovered or other circumstances that may result in
impairment
□ Applicable √ Not applicable
VII. Derivative investment
□ Applicable √ Not applicable
No derivative investment is involved in the reporting period.
VIII. Registration form for investigations, communication and interviews in the reportingperiod
√ Applicable □ Not applicable
Time
| Time | Means | Type | Investigation Index |
| September 17 | Phone call | Individual | Inquire about the number of shareholders as of September 15. The Company has given a reply according to the register of shareholders released by the Securities Depository and Clearing Corporation. |
| September 21 | Phone call | Individual | Inquire about the recent operation of the Company. The Company has given a basic reply and suggests referring to the 2018 Semi-Annual Report disclosed for details. |
| September 21 | Phone call | Individual | Inquire about the recent operation of the Company. The Company has given a basic reply and suggests referring to the 2018 Semi-Annual Report disclosed for details. |
IX. Illegal external guarantee
□ Applicable √ Not applicable
No illegal external guarantee is involved in the reporting period.
X. Non-operating capital occupation on the listed company by the controlling shareholders andrelated parties
□ Applicable √ Not applicable
No non-operating capital occupation on the listed company by the controlling shareholders and related parties is involved in thereporting period.
Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet Statement
Prepared by: Shenzhen SEG Co., Ltd.
September 30, 2018
Unit: Yuan
Item
| Item | Closing balance | Opening balance |
| Current assets: | ||
| Monetary funds | 913,728,679.25 | 951,482,605.92 |
| Deposit reservation for balance | ||
| Loans to other banks | ||
| Financial assets measured by fair value with changes included in current gains and losses | ||
| Derivative financial assets | ||
| Notes receivable and accounts receivable | 94,960,623.30 | 61,934,101.56 |
| Including: Notes receivable | ||
| Accounts receivable | 94,960,623.30 | 61,934,101.56 |
| Prepayment | 37,914,021.76 | 34,718,079.54 |
| Premiums receivable | ||
| Reinsurance accounts receivable | ||
| Reinsurance deposit receivable | ||
| Other accounts receivable | 94,841,153.68 | 96,057,159.50 |
| Redemptory monetary capital for resale | ||
| Inventory | 2,724,461,471.48 | 3,551,100,320.71 |
| Held-for-sale assets | ||
| Non-current assets due within one year | ||
| Other current assets | 634,071,707.58 | 565,577,916.34 |
| Total current assets | 4,499,977,657.05 | 5,260,870,183.57 |
| Non-current assets: | ||
| Loans and advances issued | 399,387,108.14 | |
| Financial assets available for sale | 34,085,457.57 | 34,161,311.32 |
| Held-to-maturity investment |
Long-term receivables
| Long-term receivables | ||
| Long-term equity investment | 184,909,829.55 | 211,973,322.32 |
| Investment property | 1,045,353,312.48 | 676,888,184.90 |
| Fixed assets | 58,654,732.03 | 62,404,988.93 |
| Construction in progress | 88,083,295.64 | 71,745,514.32 |
| Productive biological assets | ||
| Oil & gas assets | ||
| Intangible assets | 31,768,346.63 | 31,831,783.09 |
| Development expenses | ||
| Goodwill | 10,328,927.82 | 10,328,927.82 |
| Long-term expenses to be amortized | 109,569,947.95 | 109,813,025.95 |
| Deferred income tax assets | 28,294,837.51 | 29,898,440.39 |
| Other non-current assets | 128,250,017.29 | 93,287,630.00 |
| Total non-current assets | 1,719,298,704.47 | 1,731,720,237.18 |
| Total assets | 6,219,276,361.52 | 6,992,590,420.75 |
| Current liabilities: | ||
| Short-term borrowing | 727,000,000.00 | 534,792,000.00 |
| Loans from central bank | ||
| Deposits from customers and interbank | ||
| Loans from other banks | ||
| Financial liabilities measured by fair value with changes included in current gains and losses | ||
| Derivative financial liabilities | ||
| Notes payable and accounts payable | 262,902,343.74 | 470,088,158.63 |
| Advance receipts | 417,172,922.34 | 707,031,729.23 |
| Financial assets sold for repurchase | ||
| Service charges and commissions payable | ||
| Payroll payable | 25,837,106.38 | 41,014,602.99 |
| Taxes payable | 167,199,380.13 | 243,477,530.43 |
| Other payables | 993,666,478.86 | 1,297,372,714.67 |
| Reinsurance accounts payable | ||
| Insurance deposit | ||
| Customer brokerage deposits |
Securities underwriting brokerage
deposits
| Securities underwriting brokerage deposits | ||
| Held-for-sale liabilities | ||
| Non-current liabilities due within one year | 64,276,762.54 | 258,414,693.92 |
| Other current liabilities | 110,798.12 | |
| Total current liabilities | 2,658,165,792.11 | 3,552,191,429.87 |
| Non-current liabilities: | ||
| Long-term borrowing | 848,000,000.00 | 754,750,000.00 |
| Bonds payable | ||
| Preferred stock | ||
| Perpetual capital securities | ||
| Long-term payables | ||
| Long-term payroll payable | ||
| Estimated liabilities | 8,296,619.85 | 1,137,019.85 |
| Deferred income | 12,169,416.33 | 12,336,620.96 |
| Deferred income tax liabilities | 85,261,828.43 | 91,251,453.07 |
| Other non-current liabilities | ||
| Total non-current liabilities | 953,727,864.61 | 859,475,093.88 |
| Total liabilities | 3,611,893,656.72 | 4,411,666,523.75 |
| Owners' equity: | ||
| Share capital | 1,235,656,249.00 | 1,235,656,249.00 |
| Other equity instruments | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital reserve | 156,892,820.25 | 166,019,870.19 |
| Less: Treasury shares | ||
| Other comprehensive income | 99,844.49 | 137,629.12 |
| Special reserve | ||
| Surplus reserve | 138,710,473.33 | 138,710,473.33 |
| General risk provision | ||
| Undistributed profits | 446,743,829.87 | 376,704,148.51 |
| Total equity attributable to owners of the parent company | 1,978,103,216.94 | 1,917,228,370.15 |
| Minority shareholders' equity | 629,279,487.86 | 663,695,526.85 |
Total owners' equity
| Total owners' equity | 2,607,382,704.80 | 2,580,923,897.00 |
| Total liabilities and owners' equity | 6,219,276,361.52 | 6,992,590,420.75 |
Legal representative: Chen Huijie Person in charge of accounting: Liu Zhijun Responsible person of theaccounting institution: Ying Huadong
2. Balance Sheet Statement of the Parent Company
Unit: Yuan
| Item | Closing balance | Opening balance |
| Current assets: | ||
| Monetary funds | 237,393,642.83 | 104,463,125.70 |
| Financial assets measured by fair value with changes included in current gains and losses | ||
| Derivative financial assets | ||
| Notes receivable and accounts receivable | 405,000.00 | 1,105,493.93 |
| Including: Notes receivable | ||
| Accounts receivable | 405,000.00 | 1,105,493.93 |
| Prepayment | 166,588.88 | 46,153.86 |
| Other accounts receivable | 1,118,421,411.56 | 1,029,163,364.11 |
| Inventory | 395,764.94 | 395,764.94 |
| Held-for-sale assets | ||
| Non-current assets due within one year | ||
| Other current assets | 165,563,507.05 | 321,967,708.13 |
| Total current assets | 1,522,345,915.26 | 1,457,141,610.67 |
| Non-current assets: | ||
| Financial assets available for sale | 33,515,392.83 | 33,515,392.83 |
| Held-to-maturity investment | ||
| Long-term receivables | ||
| Long-term equity investment | 1,337,091,956.76 | 1,419,623,352.33 |
| Investment property | 255,472,305.33 | 263,361,638.46 |
| Fixed assets | 17,423,276.68 | 17,919,657.80 |
| Construction in progress | 4,852,083.01 | 4,175,779.03 |
| Productive biological assets | ||
| Oil & gas assets |
Intangible assets
| Intangible assets | 1,553,654.44 | 1,367,666.09 |
| Development expenses | ||
| Goodwill | ||
| Long-term expenses to be amortized | 6,065,828.77 | 7,673,085.72 |
| Deferred income tax assets | 9,814,219.76 | 8,380,569.73 |
| Other non-current assets | ||
| Total non-current assets | 1,665,788,717.58 | 1,756,017,141.99 |
| Total assets | 3,188,134,632.84 | 3,213,158,752.66 |
| Current liabilities: | ||
| Short-term borrowing | 729,000,000.00 | 530,000,000.00 |
| Financial liabilities measured by fair value with changes included in current gains and losses | ||
| Derivative financial liabilities | ||
| Notes payable and accounts payable | 206,374.11 | 206,374.11 |
| Advance receipts | 16,208,588.56 | 23,072,035.80 |
| Payroll payable | 4,151,792.65 | 5,391,313.71 |
| Taxes payable | 11,124,781.50 | 18,757,359.46 |
| Other payables | 442,952,439.22 | 749,265,836.65 |
| Held-for-sale liabilities | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 1,203,643,976.04 | 1,326,692,919.73 |
| Non-current liabilities: | ||
| Long-term borrowing | ||
| Bonds payable | ||
| Preferred stock | ||
| Perpetual capital securities | ||
| Long-term payables | ||
| Long-term payroll payable | ||
| Estimated liabilities | 8,296,619.85 | 1,137,019.85 |
| Deferred income | 7,077,909.37 | 0.00 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | 0.00 | 8,883,045.38 |
Total non-current liabilities
| Total non-current liabilities | 15,374,529.22 | 10,020,065.23 |
| Total liabilities | 1,219,018,505.26 | 1,336,712,984.96 |
| Owners' equity: | ||
| Share capital | 1,235,656,249.00 | 1,235,656,249.00 |
| Other equity instruments | ||
| Preferred stock | ||
| Perpetual capital securities | ||
| Capital reserve | 231,415,947.36 | 240,542,997.30 |
| Less: Treasury shares | ||
| Other comprehensive income | 144.40 | 51.46 |
| Special reserve | ||
| Surplus reserve | 138,710,473.33 | 138,710,473.33 |
| Undistributed profits | 363,333,313.49 | 261,535,996.61 |
| Total owners' equity | 1,969,116,127.58 | 1,876,445,767.70 |
| Total liabilities and owners' equity | 3,188,134,632.84 | 3,213,158,752.66 |
3. Consolidated Profit Statement in the Reporting Period
Unit: Yuan
| Item | Amount incurred in the current period | Amount incurred in the previous period |
| I. Total operating revenue | 561,704,545.25 | 275,268,163.32 |
| Including: Operating revenue | 561,704,545.25 | 264,775,121.17 |
| Interest income | 0.00 | 10,237,004.43 |
| Earned premiums | 0.00 | 0.00 |
| Service charges and commissions income | 0.00 | 256,037.72 |
| II. Total operating cost | 461,817,703.47 | 245,313,012.12 |
| Including: Operating cost | 385,280,407.90 | 191,696,254.24 |
| Interest expenses | -457,500.00 | |
| Commissions | ||
| Surrender value | ||
| Net compensation pay-outs | ||
| Net insurance deposit accrued | ||
| Insurance dividends | ||
| Reinsurance expenses | ||
| Operating tax and surcharge | 18,760,506.17 | 3,464,139.55 |
Sale expenses
| Sale expenses | 9,863,748.78 | 11,030,202.70 |
| Management expenses | 30,304,372.95 | 28,650,475.44 |
| R&D expenses | 0.00 | 0.00 |
| Financial expenses | 17,608,667.67 | 6,198,248.25 |
| Including: Interest cost | 56,338,849.11 | 0.00 |
| Interest income | -4,428,143.40 | 0.00 |
| Loss from asset impairment | 0.00 | 4,731,191.94 |
| Add: Other income | ||
| Income from investment (enter "-" for loss) | 693,535.91 | 3,736,010.87 |
| Including: Income from investment in joint ventures or associates | -4,808,467.81 | 404,799.96 |
| Income from changes in the fair value (enter "-" for loss) | ||
| Exchange gain (enter "-" for loss) | ||
| Gain on asset disposal (enter "-" for loss) | ||
| III. Operating profit (enter "-" for loss) | 100,580,377.69 | 33,691,162.07 |
| Add: Non-operating revenue | 2,428,758.29 | 4,286,065.82 |
| Less: Non-operating expenses | 1,797,197.37 | 1,033,612.57 |
| IV. Total profit (enter "-" for total loss) | 101,211,938.61 | 36,943,615.32 |
| Less: Income tax | 32,529,740.36 | 13,377,441.66 |
| V. Net profit (enter "-" for net loss) | 68,682,198.25 | 23,566,173.66 |
| 1. Income from continuing operations (enter "-" for net loss) | 205,277,474.20 | 0.00 |
| 2. Income from discontinued operations (enter "-" for net loss) | -6,057,464.41 | 0.00 |
| Net profit attributable to owners of the parent company | 40,399,673.95 | 19,184,279.34 |
| Minority interest | 28,282,524.30 | 4,381,894.32 |
| VI. Net of tax of other comprehensive income | -1,702.10 | 2,688.08 |
| Total net of tax of other comprehensive income attributable to owners of the parent company | -20,106.43 | 1,775.47 |
| 1. Other comprehensive income not to be reclassified into gains and losses | ||
| (1) Changes in net liabilities |
or net assets of the re-measured definedbenefit plans
| or net assets of the re-measured defined benefit plans | ||
| (2) Other comprehensive income not to be reclassified into gains and losses under the equity method | ||
| 2. Other comprehensive income to be reclassified into gains and losses | -20,106.43 | 1,775.47 |
| (1) Shares of the investee of other comprehensive income to be reclassified into gains and losses under the equity method | 25.45 | -42.65 |
| (2) Gains and losses from changes in the fair value of the available-for-sale financial assets | -20,131.88 | 1,818.12 |
| (3) Held-to-maturity investments categorized as gains and losses from the available-for-sale financial assets | 0.00 | 0.00 |
| (4) Effective gains or loss from cash flows | 0.00 | 0.00 |
| (5) Foreign currency translation differences | 0.00 | 0.00 |
| (6) Others | 0.00 | 0.00 |
| Net of tax of other comprehensive income attributable to minority shareholders | 18,404.33 | 912.61 |
| VII. Total comprehensive income | 68,680,496.15 | 23,568,861.74 |
| Total comprehensive income attributable to shareholders of the parent company | 40,379,567.52 | 19,186,054.81 |
| Total comprehensive income attributable to minority shareholders | 28,300,928.63 | 4,382,806.93 |
| VIII. Earnings per share | ||
| 1. Basic earnings per share | 0.0327 | 0.0155 |
| 2. Diluted earnings per share | 0.0327 | 0.0155 |
In terms of business combination under common control, the net profit of the combined party recognized before combination is RMB0 in the reporting period, and that recognized in the previous period is RMB 0.Legal representative: Chen Huijie Person in charge of accounting: Liu Zhijun Responsible person of theaccounting institution: Ying Huadong
4. Profit Statement of the Parent Company in the Reporting Period
Unit: Yuan
Item
| Item | Amount incurred in the current period | Amount incurred in the previous period |
| I. Operating revenue | 17,036,869.30 | 19,323,775.88 |
| Less: Operating cost | 12,635,598.64 | 17,694,583.27 |
| Tax and surcharge | 1,077,632.77 | 1,198,616.06 |
| Sale expenses | 216,482.56 | 0.00 |
| Management expenses | 5,658,227.51 | 5,445,362.30 |
| R&D expenses | 0.00 | 0.00 |
| Financial expenses | 6,502,132.55 | 5,219,640.28 |
| Including: Interest cost | 23,002,334.12 | 0.00 |
| Interest income | -8,312,097.89 | 0.00 |
| Loss from asset impairment | 0.00 | 0.00 |
| Add: Other income | 0.00 | 0.00 |
| Income from investment (enter "-" for loss) | 95,833,070.48 | 34,039,874.19 |
| Including: Income from investment in joint ventures or associates | -4,808,467.81 | -1,059,073.63 |
| Income from changes in the fair value (enter "-" for loss) | ||
| Gain on asset disposal (enter "-" for loss) | ||
| II. Operating profit (enter "-" for loss) | 86,779,865.75 | 23,805,448.16 |
| Add: Non-operating revenue | 1,570,422.99 | 3,975,499.99 |
| Less: Non-operating expenses | 1,700,000.00 | 0.00 |
| III. Total profit (enter "-" for total loss) | 86,650,288.74 | 27,780,948.15 |
| Less: Income tax | -1,546,771.59 | 920,525.97 |
| IV. Net profit (enter "-" for net loss) | 88,197,060.33 | 26,860,422.18 |
| 1. Income from continuing operations (enter "-" for net loss) | 88,197,060.33 | 26,860,422.18 |
| 2. Income from discontinued operations (enter "-" for net loss) | ||
| V. Net of tax of other comprehensive income | 118.39 | -42.65 |
| 1. Other comprehensive income not to be reclassified into gains and losses |
(1) Changes in net liabilities
or net assets of the re-measured definedbenefit plans
| (1) Changes in net liabilities or net assets of the re-measured defined benefit plans | ||
| (2) Other comprehensive income not to be reclassified into gains and losses under the equity method | ||
| 2. Other comprehensive income to be reclassified into gains and losses | 118.39 | -42.65 |
| (1) Shares of the investee of other comprehensive income to be reclassified into gains and losses under the equity method | 118.39 | -42.65 |
| (2) Gains and losses from changes in the fair value of the available-for-sale financial assets | ||
| (3) Held-to-maturity investments categorized as gains and losses from the available-for-sale financial assets | ||
| (4) Effective gains or loss from cash flows | ||
| (5) Foreign currency translation differences | ||
| (6) Others | 0.00 | |
| VI. Total comprehensive income | 88,197,178.72 | 26,860,379.53 |
| VII. Earnings per share | ||
| 1. Basic earnings per share | 0 | 0 |
| 2. Diluted earnings per share | 0 | 0 |
5. Consolidated Profit Statement from the Beginning of the Year to the End of the Reporting Period
Unit: Yuan
| Item | Amount incurred in the current period | Amount incurred in the previous period |
| I. Total operating revenue | 1,451,123,498.84 | 900,354,015.56 |
| Including: Operating revenue | 1,444,642,633.92 | 857,121,747.39 |
| Interest income | 6,480,864.92 | 42,344,251.52 |
| Earned premiums | ||
| Service charges and commissions income | 888,016.65 | |
| II. Total operating cost | 1,208,273,949.32 | 774,000,723.44 |
Including: Operating cost
| Including: Operating cost | 994,429,779.15 | 618,357,775.28 |
| Interest expenses | ||
| Commissions | ||
| Surrender value | ||
| Net compensation pay-outs | ||
| Net insurance deposit accrued | ||
| Insurance dividends | ||
| Reinsurance expenses | ||
| Operating tax and surcharge | 42,196,977.10 | 14,043,362.00 |
| Sale expenses | 23,051,951.82 | 29,960,498.74 |
| Management expenses | 92,415,176.65 | 91,253,807.59 |
| R&D expenses | 0.00 | 0.00 |
| Financial expenses | 52,818,041.75 | 16,196,131.68 |
| Including: Interest cost | 56,338,849.11 | 19,592,581.90 |
| Interest income | -4,428,143.40 | -4,138,109.78 |
| Loss from asset impairment | 3,362,022.85 | 4,189,148.15 |
| Add: Other income | ||
| Income from investment (enter "-" for loss) | 59,390,854.81 | 4,144,939.36 |
| Including: Income from investment in joint ventures or associates | -16,716,197.00 | -6,581,127.80 |
| Income from changes in the fair value (enter "-" for loss) | ||
| Exchange gain (enter "-" for loss) | ||
| Gain on asset disposal (enter "-" for loss) | ||
| III. Operating profit (enter "-" for loss) | 302,240,404.33 | 130,498,231.48 |
| Add: Non-operating revenue | 4,942,048.24 | 11,513,024.15 |
| Less: Non-operating expenses | 14,951,136.75 | 1,583,510.27 |
| IV. Total profit (enter "-" for total loss) | 292,231,315.82 | 140,427,745.36 |
| Less: Income tax | 93,011,306.00 | 52,159,868.66 |
| V. Net profit (enter "-" for net loss) | 199,220,009.82 | 88,267,876.70 |
| 1. Income from continuing operations (enter "-" for net loss) | 205,277,474.23 | 88,267,876.70 |
| 2. Income from discontinued operations (enter "-" for net loss) | -6,057,464.41 |
Net profit attributable to owners of
the parent company
| Net profit attributable to owners of the parent company | 138,066,661.89 | 69,193,064.76 |
| Minority interest | 61,153,347.93 | 19,074,811.94 |
| VI. Net of tax of other comprehensive income | -56,797.37 | -158,032.32 |
| Total net of tax of other comprehensive income attributable to owners of the parent company | -37,828.28 | -105,252.95 |
| 1. Other comprehensive income not to be reclassified into gains and losses | ||
| (1) Changes in net liabilities or net assets of the re-measured defined benefit plans | ||
| (2) Other comprehensive income not to be reclassified into gains and losses under the equity method | ||
| 2. Other comprehensive income to be reclassified into gains and losses | -37,828.28 | -105,252.95 |
| (1) Shares of the investee of other comprehensive income to be reclassified into gains and losses under the equity method | ||
| (2) Gains and losses from changes in the fair value of the available-for-sale financial assets | -37,828.28 | -105,252.95 |
| (3) Held-to-maturity investments categorized as gains and losses from the available-for-sale financial assets | ||
| (4) Effective gains or loss from cash flows | ||
| (5) Foreign currency translation differences | ||
| (6) Others | ||
| Net of tax of other comprehensive income attributable to minority shareholders | -18,969.09 | -52,779.37 |
| VII. Total comprehensive income | 199,163,212.45 | 88,109,844.38 |
| Total comprehensive income | 138,028,833.61 | 69,087,811.81 |
attributable to shareholders of the parentcompany
| attributable to shareholders of the parent company | ||
| Total comprehensive income attributable to minority shareholders | 61,134,378.84 | 19,022,032.57 |
| VIII. Earnings per share | ||
| 1. Basic earnings per share | 0.1117 | 0.0560 |
| 2. Diluted earnings per share | 0.1117 | 0.0560 |
In terms of business combination under common control, the net profit of the combined party recognized before combination is RMB0 in the reporting period, and that recognized in the previous period is RMB 0.
6. Profit Statement of the Parent Company from the Beginning of the Year to the End of the ReportingPeriod
Unit: Yuan
| Item | Amount incurred in the current period | Amount incurred in the previous period |
| I. Operating revenue | 54,002,637.18 | 67,867,136.83 |
| Less: Operating cost | 33,720,284.08 | 53,370,069.61 |
| Tax and surcharge | 3,512,934.28 | 3,762,158.11 |
| Sale expenses | 216,482.56 | |
| Management expenses | 16,232,297.04 | 14,467,955.34 |
| R&D expenses | ||
| Financial expenses | 14,837,050.62 | 13,397,232.97 |
| Including: Interest cost | 23,002,334.12 | 14,197,532.76 |
| Interest income | -8,312,097.89 | -1,006,982.75 |
| Loss from asset impairment | ||
| Add: Other income | ||
| Income from investment (enter "-" for loss) | 204,345,458.34 | 88,959,441.49 |
| Including: Income from investment in joint ventures or associates | -13,741,197.00 | -6,482,084.00 |
| Income from changes in the fair value (enter "-" for loss) | ||
| Gain on asset disposal (enter "-" for loss) | ||
| II. Operating profit (enter "-" for loss) | 189,829,046.94 | 71,829,162.29 |
| Add: Non-operating revenue | 2,772,317.01 | 7,059,365.47 |
| Less: Non-operating expenses | 8,874,462.04 | 91,300.00 |
| III. Total profit (enter "-" for total loss) | 183,726,901.91 | 78,797,227.76 |
Less: Income tax
| Less: Income tax | 13,902,604.49 | 3,564,723.70 |
| IV. Net profit (enter "-" for net loss) | 169,824,297.42 | 75,232,504.06 |
| 1. Income from continuing operations (enter "-" for net loss) | 169,824,297.42 | 75,232,504.06 |
| 2. Income from discontinued operations (enter "-" for net loss) | ||
| V. Net of tax of other comprehensive income | 92.94 | -104.81 |
| 1. Other comprehensive income not to be reclassified into gains and losses | ||
| (1) Changes in net liabilities or net assets of the re-measured defined benefit plans | ||
| (2) Other comprehensive income not to be reclassified into gains and losses under the equity method | ||
| 2. Other comprehensive income to be reclassified into gains and losses | 92.94 | -104.81 |
| (1) Shares of the investee of other comprehensive income to be reclassified into gains and losses under the equity method | 92.94 | -104.81 |
| (2) Gains and losses from changes in the fair value of the available-for-sale financial assets | ||
| (3) Held-to-maturity investments categorized as gains and losses from the available-for-sale financial assets | ||
| (4) Effective gains or loss from cash flows | ||
| (5) Foreign currency translation differences | ||
| (6) Others | ||
| VI. Total comprehensive income | 169,824,390.36 | 75,232,399.25 |
| VII. Earnings per share | ||
| 1. Basic earnings per share | 0 | 0 |
| 2. Diluted earnings per share | 0 | 0 |
7. Consolidated Cash Flow Statement from the Beginning of the Year to the End of the Reporting Period
Unit: Yuan
Item
| Item | Amount incurred in the current period | Amount incurred in the previous period |
| I. Cash flow from operating activities: | ||
| Cash received from sales of goods and rendering of services | 1,190,798,262.16 | 1,314,055,894.12 |
| Net increase in deposits from customers and interbank | ||
| Loans from central bank | ||
| Net increase in loans from other banks | ||
| Cash received from premium of the original insurance contract | ||
| Net cash received from reinsurance business | ||
| Net increase in the deposit of the insured and investments | ||
| Net increase in financial assets measured by fair value with changes included in current gains and losses | ||
| Cash received from interest and commissions | 6,311,198.08 | 47,251,322.15 |
| Net increase in loans from other banks | ||
| Net increase in redemption capital | ||
| Tax refunds | 246,846.66 | 749,351.94 |
| Other cash received from operating activities | 253,127,937.32 | 393,011,976.89 |
| Subtotal of cash inflow from operating activities | 1,450,484,244.22 | 1,755,068,545.10 |
| Cash paid for goods and service | 565,344,689.47 | 685,380,979.09 |
| Net increase in loans to customers and advances | -15,664,988.00 | -29,325,104.19 |
| Net increase in deposits with central bank and interbank | ||
| Cash paid for indemnity payment of the original insurance contract | ||
| Cash paid for interest and | 76,146.53 |
commissions
| commissions | ||
| Cash paid as insurance dividends | ||
| Cash paid to and on behalf of employees | 195,861,678.08 | 202,653,001.58 |
| Taxes paid | 264,954,200.49 | 249,526,081.87 |
| (1) Other cash received from operating activities | 351,574,995.06 | 366,594,717.62 |
| Subtotal of cash outflow in operating activities | 1,362,070,575.10 | 1,474,905,822.50 |
| Net cash flow from operating activities | 88,413,669.12 | 280,162,722.60 |
| III. Cash flow from financing activities: | ||
| Cash received from withdrawal of investment | 1,395,212,511.69 | 1,331,000,000.00 |
| Cash received from investment income | 64,918,960.93 | 12,926,977.20 |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | 1,220.00 | 2,320.00 |
| Net cash received from disposal of subsidiaries and other business units | 126,699,000.00 | |
| Other cash received from financing activities | ||
| Subtotal of cash inflow from financing activities | 1,586,831,692.62 | 1,343,929,297.20 |
| Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | 66,254,262.96 | 122,826,868.88 |
| Cash paid for investment | 1,633,847,350.55 | 1,477,819,502.86 |
| Net increase in mortgage loans | ||
| Net cash paid for acquisition of subsidiaries and other business units | ||
| Other cash paid for investment activities | ||
| Subtotal of cash outflow in financing activities | 1,700,101,613.51 | 1,600,646,371.74 |
| Net cash flow arising from financing activities | -113,269,920.89 | -256,717,074.54 |
| III. Cash flow from financing activities: |
Cash received by absorbing
investment
| Cash received by absorbing investment | 980,000.00 | 151,637,998.48 |
| Including: Cash received by subsidiaries from investment of minority shareholders | 980,000.00 | 151,637,998.48 |
| Borrowings received | 979,000,000.00 | 650,000,000.00 |
| Cash received from bond issuance | ||
| Other cash received from financing activities | 196,900,800.36 | 0.00 |
| Subtotal of cash inflow from financing activities | 1,176,880,800.36 | 801,637,998.48 |
| Cash paid for debt repayment | 924,664,813.71 | 681,901,725.48 |
| Cash paid for dividend and profit distribution or interest payment | 95,444,956.60 | 120,771,753.52 |
| Including: Dividends and profit paid by subsidiaries to minority shareholders | 26,262,417.89 | 47,286,452.85 |
| Other cash paid for financing activities | 169,669,157.90 | 100,468,327.16 |
| Subtotal of cash outflow in financing activities | 1,189,778,928.21 | 903,141,806.16 |
| Net cash flow arising from financing activities | -12,898,127.85 | -101,503,807.68 |
| IV. Influence of exchange rate fluctuation on cash and cash equivalents | 452.95 | 0.00 |
| V. Net increase of cash and cash equivalents | -37,753,926.67 | -78,058,159.62 |
| Add: Opening balance of cash and cash equivalents | 951,482,605.92 | 1,131,523,641.19 |
| VI. Closing balance of cash and cash equivalents | 913,728,679.25 | 1,053,465,481.57 |
8. Cash Flow Statement of the Parent Company from the Beginning of the Year to the End of the ReportingPeriod
Unit: Yuan
| Item | Amount incurred in the current period | Amount incurred in the previous period |
| I. Cash flow from operating activities: | ||
| Cash received from sales of goods and rendering of services | 51,123,098.98 | 68,525,179.03 |
Tax refunds
| Tax refunds | ||
| Other cash received from operating activities | 311,283,263.32 | 25,708,003.30 |
| Subtotal of cash inflow from operating activities | 362,406,362.30 | 94,233,182.33 |
| Cash paid for goods and service | 27,256,444.94 | 56,734,763.54 |
| Cash paid to and on behalf of employees | 19,716,496.24 | 27,422,885.12 |
| Taxes paid | 26,671,624.06 | 28,919,662.75 |
| Other cash received from operating activities | 185,871,943.22 | 101,134,157.57 |
| Subtotal of cash outflow in operating activities | 259,516,508.46 | 214,211,468.98 |
| Net cash flow from operating activities | 102,889,853.84 | -119,978,286.65 |
| II. Cash flow from financing activities: | ||
| Cash received from withdrawal of investment | 525,597,700.00 | 719,000,000.00 |
| Cash received from investment income | 218,497,996.91 | 83,162,204.40 |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | ||
| Net cash received from disposal of subsidiaries and other business units | 77,654,200.00 | |
| Other cash received from financing activities | ||
| Subtotal of cash inflow from financing activities | 821,749,896.91 | 802,162,204.40 |
| Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | 114,000.00 | 0.00 |
| Cash paid for investment | 693,000,000.00 | 818,620,000.00 |
| Net cash paid for acquisition of subsidiaries and other business units | ||
| Other cash paid for investment activities | ||
| Subtotal of cash outflow in financing activities | 693,114,000.00 | 818,620,000.00 |
Net cash flow arising from investmentactivities
| Net cash flow arising from investment activities | 128,635,896.91 | -16,457,795.60 |
| III. Cash flow from financing activities: | ||
| Cash received by absorbing investment | ||
| Borrowings received | 729,000,000.00 | 500,000,000.00 |
| Cash received from bond issuance | ||
| Other cash received from financing activities | 46,394,666.68 | 316,666.67 |
| Subtotal of cash inflow from financing activities | 775,394,666.68 | 500,316,666.67 |
| Cash paid for debt repayment | 530,000,000.00 | 310,000,000.00 |
| Cash paid for dividend and profit distribution or interest payment | 88,928,233.30 | 51,609,410.91 |
| Other cash paid for financing activities | 255,061,667.00 | 0.00 |
| Subtotal of cash outflow in financing activities | 873,989,900.30 | 361,609,410.91 |
| Net cash flow arising from financing activities | -98,595,233.62 | 138,707,255.76 |
| IV. Influence of exchange rate fluctuation on cash and cash equivalents | ||
| V. Net increase of cash and cash equivalents | 132,930,517.13 | 2,271,173.51 |
| Add: Opening balance of cash and cash equivalents | 104,463,125.70 | 90,504,836.76 |
| VI. Closing balance of cash and cash equivalents | 237,393,642.83 | 92,776,010.27 |
II. Auditor's Report
Is the Q3 report audited?
□ Yes √ No
The Q3 report of the Company has not been audited.