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深赛格B:2019年第三季度报告全文(英文版) 下载公告
公告日期:2019-10-31

Shenzhen SEG Co., Ltd.2019 3rd Quarter Report

October 2019

Chapter 1 Important NoticeThe Board of Directors, the Board of Supervisors, the directors, thesupervisors, and the senior executives guarantee that the quarter report isauthentic, accurate, and complete, and that it has no false records misleadingstatements or major omissions and they are jointly and severally liable.Chairman of the Board of Directors Zhang Liang, the Chief FinancialOfficer Yan Dongxia and the responsible person of the accounting institution(Accountant in charge) Wang Lei hereby declare that the Financial Statementsenclosed in this quarter report are true, accurate and complete.

Definitions

DefinitionRefers toDescription
This Company, the Company, the listed company, Shen SEGRefers toShenzhen SEG Co., Ltd.
Shenzhen SEG Group Co., Ltd.Refers toShenzhen SEG Group Co., Ltd.
Suzhou TSTRefers toSuzhou TST Control Technology Co., Ltd.
Nanjing SEGRefers toShenzhen SEG Nanjing Electronics Market Management Co., Ltd.
Nanning SEGRefers toNanning SEG Digital Plaza Management Co., Ltd.
SEG CreditRefers toShenzhen SEG Credit Co., Ltd.
Nantong SEGRefers toNantong SEG Times Plaza Management Co., Ltd.
Nantong SEG OperationRefers toNantong SEG Commercial Operation Management Co., Ltd.
Hangzhou SEG LongyanRefers toHangzhou SEG Longyan Energy Technology Co., Ltd.
Shenzhen-Shantou SEG Longyan TechnologyRefers toShenzhen-Shantou Special Cooperation Zone SEG Longyan Energy Technology Co., Ltd.
SEG Real EstateRefers toShenzhen SEG Real Estate Investment Co., Ltd.
SEG Property DevelopmentRefers toShenzhen SEG Property Development Co., Ltd.
SEG RecreationRefers toShenzhen SEG Recreation Enterprise Development Co., Ltd.
SegMakerRefers toShenzhen SegMaker Co., Ltd.
SEG Property ManagementRefers toShenzhen SEG Property Management Co., Ltd.
SEG New UrbanRefers toShenzhen SEG New Urban Construction Development Co., Ltd.
SEG YichengRefersShenzhen SEG Yicheng Science and Technology Co., Ltd.
to
Target companiesRefers toSEG Real Estate, SEG Property Development, SEG Recreation and SegMaker that major assets are injected into
Huakong SEGRefers toShenzhen Huakong SEG Co., Ltd.
SEG NavigationsRefers toShenzhen SEG GPS Scientific Navigations Co., Ltd.
Zhaocheng GroupRefers toShenzhen Zhaocheng Investment Group Co., Ltd.
Unless otherwise specified, the amount referred to in the reportRefers toAmount in RMB

Chapter 2 Company ProfileI. Main Accounting Data and Financial IndexesAre retrospective adjustments made to previous financial statements?

□ Yes ? No

Amount at the end of the reporting periodAmount at the end of last yearIncrease/decrease at the end of the reporting period over the end of last year
Total assets (Yuan)6,245,469,176.917,128,009,738.20-12.38%
Net assets attributable to shareholders of the listed company (Yuan)1,926,003,299.171,867,881,216.443.11%
Amount of the reporting periodYear-on-year increase/decreaseAmount from beginning of the year to the end of the reporting periodYear-on-year increase/decrease of amount from beginning of the year to the end of the reporting period
Operating income (Yuan)348,105,199.21-38.03%1,113,596,884.35-22.92%
Net profit attributable to shareholders of the listed company (Yuan)26,970,095.87-33.24%110,257,647.89-20.14%
Net profit attributable to shareholders of the listed company after deduction of non-recurring profit and loss (Yuan)14,803,482.35-58.32%44,030,014.96-50.18%
Net cash flow from operating activities (Yuan)----101,017,368.0714.26%
Basic EPS (yuan/share)0.0218-33.33%0.0892-20.14%
Diluted EPS (yuan/share)0.0218-33.33%0.0892-20.14%
Weighted average ROE1.42%-0.65%5.81%-1.28%

Total capital stock of the Company as of the trading day prior to disclosure:

Total capital stock of the Company as of the trading day prior to disclosure (share)1,235,656,249

Fully diluted earnings per share calculated based on the current capital stock:

Fully diluted earnings per share calculated based on the current capital stock (Yuan/share)0.0892

Items and Amount of Non-recurring Profit and Loss:

? Applicable □ Not applicable

Unit: yuan

ItemAmount from beginning of the year to the end of the reporting periodRemarks
Profit or loss on disposal of non-current assets (including the write-off of assets depreciation reserves)77,328,300.79Reduce holding-shares of Huakong SEG and transfer the equity of Shenzhen-Shantou SEG Longyan Technology, resulting in income.
Tax return, reduction or exemption with unauthorized approval or without any official approval document
Government subsidies recognized in current profit or loss (except those closely related to corporate business and enjoyed according to national standards or certain quota)4,369,752.53
Fund appropriation charges for non-financial entities recognized in current profit or loss1,283,299.33
Gains on less acquisition costs of subsidiaries, associates and joint ventures than the accrued fair value of the investee's identifiable net assets
Profit or loss on non-monetary assets exchange
Profit or loss on investment or asset management in proxy14,130,364.08
Provision for impairment of assets due to force majeure(such as natural disasters)
Profit or loss on debt restructuring
Corporate restructuring costs, such as staffing expenses and integration costs
Profit or loss on the part exceeding the fair value in unfair transactions
Current net profit or loss of subsidiaries incurred by business combination under common control from the beginning of the reporting period to the date of merger
Profit or loss on contingencies unrelated to business operation of the Company
Profit or loss on changes in fair value due to holding of trading financial assets, derivative financial assets, trading financial liabilities and derivative financial liabilities, as well as investment income from disposal of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities and other debt investments, apart from valid hedging operations related to business operation of the Company
Transferred-back impairment provision for accounts receivable and contract assets for which separate impairment tests are carried out
Profit or loss on consignment loan
Profit or loss on changes in fair value of investment property subsequently measured by the fair value
Impact of one-time adjustment on the current profit or loss as required by taxation or accounting laws and regulations
Trustee fee from entrusted operation113,676.10
Other non-operating income and expenses except the above-mentioned items2,103,245.10
Other items conforming to the definition of non-recurring profit and loss
Less: Amount of affected income tax24,832,159.48
Effects of minority shareholders' equity (after tax)8,268,845.51
Total66,227,632.94--

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-recurringProfit and 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 Disclosureby Companies Offering Securities to the Public No. 1 — Non-recurring Profit and Loss are defined as items of recurring profit andloss.II. Number of Shareholders and Shares Held by Top 10 Shareholders at the End of theReporting Period

1. Total Number of Common Shareholders and Preferred Shareholders Restored with the Voting Rightsand Shares Held by Top 10 Shareholders

Unit: Share

Total number of common shareholders at the end of the reporting period89,083Total number of preferred shareholders restored with the voting rights (if any)0
Shares held by top 10 shareholders
Name of shareholderNature of shareholderShareholding proportionNumber of shares heldQuantity of restricted shares heldInformation on pledged or frozen shares
Share statusQuantity
Shenzhen SEG Group Co., Ltd.State-owned legal person (01)56.70%700,628,759450,857,239//
Liu GuochengDomestic natural person (03)0.58%7,155,802///
Liu GuohongDomestic natural person (03)0.27%3,318,098///
Gong QianhuaOverseas natural person (05)0.24%2,940,000///
China Securities Finance Corporation LimitedDomestic non-state-owned legal person (02)0.18%2,271,900///
LI SHERYN ZHAN MINGOverseas natural person (05)0.16%1,953,000///
Zhejiang Jiuzhang Asset Management Co., Ltd. - Jiuzhang Huangfang Haoyue No. 20 Private EquityFunds and financial products (06)0.15%1,849,100///
Xu YueyingDomestic natural person (03)0.14%1,780,000///
Fang GuoweiOverseas natural person (05)0.11%1,389,480///
Chongqing International Trust Co., Ltd. - Yuxin ChuangxinFunds and financial products (06)0.10%1,220,000///
Youshi No. 12 Assembled Funds Trust
Unrestricted Tradable Shares Held by Top 10 Shareholders
Name of shareholderQuantity of unrestricted shares heldType of share
Type of shareQuantity
Shenzhen SEG Group Co., Ltd.249,771,520RMB common stocks249,771,520
Liu Guocheng7,155,802Domestically listed foreign shares7,155,802
Liu Guohong3,318,098Domestically listed foreign shares3,318,098
Gong Qianhua2,940,000Domestically listed foreign shares2,940,000
China Securities Finance Corporation Limited2,271,900RMB common stocks2,271,900
LI SHERYN ZHAN MING1,953,000Domestically listed foreign shares1,953,000
Zhejiang Jiuzhang Asset Management Co., Ltd. - Jiuzhang Huangfang Haoyue No. 20 Private Equity1,849,100RMB common stocks1,849,100
Xu Yueying1,780,000Domestically listed foreign shares1,780,000
Fang Guowei1,389,480RMB common stocks1,389,480
Chongqing International Trust Co., Ltd. - Yuxin Chuangxin Youshi No. 12 Assembled Funds Trust1,220,000RMB common stocks1,220,000
Explanations on the association or concerted action among the above-mentioned shareholdersShenzhen SEG Group Co., Ltd has no association with other shareholders, nor it is a concerted action unit as set forth in the Management Methods for Disclosure of Information on Changes in Shares Held by Shareholders of the Listed Company. Whether other shareholders have association with each other or they are concerted action units is unknown.
Information of top 10 shareholders participating in securities margin trading (if any)None

Do top 10 common shareholders of the Company or top 10 common shareholders of non-restricted shares conduct agreed repurchasetransactions in the reporting period?

□ Yes ? No

Top 10 common shareholders of the Company or top 10 common shareholders of non-restricted shares did not conduct agreedrepurchase transactions in the reporting period.

2. Number of Preferred Shareholders and Shares Held by Top 10 Preferred Shareholders

□ Applicable ? Not applicable

Chapter 3 Important Matters

I. Changes in the Main Financial Data and Financial Indexes in the Reporting Period and theReasons

√ Applicable □ Not applicable

1. Items of Consolidated Balance Sheet Statement

Unit: yuanUnit: yuan
ItemClosing balanceOpening balanceDifferenceYear-on-year increase/decrease (%)
Monetary funds744,965,034.991,757,492,816.67-1,012,527,781.68-57.61%
Accounts receivable112,757,804.0854,426,228.1158,331,575.97107.18%
Notes receivable3,872,700.000.003,872,700.00100.00%
Prepayment6,272,695.312,701,718.533,570,976.78132.17%
Other current assets802,688,238.76468,083,201.09334,605,037.6771.48%
Intangible assets6,979,704.9532,471,556.32-25,491,851.37-78.51%
Goodwill11,231,391.490.0011,231,391.49100.00%
Short-term borrowing103,500,000.00520,000,000.00-416,500,000.00-80.10%
Taxes payable160,833,019.89121,045,597.9339,787,421.9632.87%
Other payables564,743,730.631,021,673,905.77-456,930,175.14-44.72%
Non-current liabilities due within one year143,069,415.58272,569,415.58-129,500,000.00-47.51%
Estimated liabilities56,077,659.5390,254,503.10-34,176,843.57-37.87%

(1) Monetary Funds: decreased by 57.61% with the amount of RMB 1,012,527,781.68 over the beginning of the period, mainlybecause the company paid the final balance of cash consideration for major asset restructuring and returning bank loans in thereporting period.

(2) Accounts receivable: increased by 107.18% with the amount of RMB 58,331,575.97 over the beginning of the period, mainlybecause in the reporting period ① SEG Property Management Company, a subsidiary of SEG Real Estate, increased the propertymanagement area and thus increased the accrual property management fee; ② Suzhou TST is a newly incorporated company, whichincreased the company's accounts receivable ; ③ SEG Longyan Technology accounts receivable increased as sales increased.

(3) Notes receivable: increased by 100% with the amount of RMB 3,872,700.00 over the beginning of the period, mainly becauseSuzhou TST is a newly incorporated company, which increased the company's accounts receivable by RMB 3,872,700.00.

(4) Prepayment: increased by 132.17% with the amount of RMB 3,570,976.78 over the beginning of the period, mainly becauseNanjing SEG paid the property rent and the property development company Yitian Management Office prepaid the elevator renewalpurchase in the reporting period.

(5) Other current assets: increased by 71.48% with the amount of RMB 334,605,037.67 over the beginning of the period, mainly

because the company purchased more bank financial products in the reporting period.

(6) Intangible assets: decreased by 78.51% with the amount of RMB 25,491,851.37 over the beginning of the period, mainly becausethe company transferred the equity of Shenzhen-Shantou SEG Longyan Technology which resulted in reduction of land use rights inthe reporting period.

(7) Goodwill: increased by 100% with the amount of RMB 11,231,391.49 over the beginning of the period, mainly because thecompany invested and acquired Suzhou TST in the reporting period.

(8) Short-term borrowing: decreased by 80.10% with the amount of RMB 416,500,000.00 over the beginning of the period, mainlybecause the company repaid bank current loan in the reporting period.

(9) Tax payable: increased by 32.87% with the amount of RMB 39,787,421.96 over the beginning of the period, mainly because SEGReal Estate accrued land value-added tax, house sales value-added tax and income tax in the reporting period.

(10) Other accounts payable: decreased by 44.97% with the amount of RMB 459,426,421.64 over the beginning of the period, mainlybecause the company paid the final balance of cash consideration for major asset restructuring.

(11) Non-current liability due within one year: decreased by 47.51% with the amount of RMB 129,500,000.00 over the beginning ofthe period, mainly because SEG Real Estate repaid bank loan due in the reporting period.

(12) Estimated liabilities: decreased by 37.87% with the amount of RMB 34,176,843.57 over the beginning of the period, mainlybecause SEG New Urban paid liquidated damages in the reporting period.

2. Items of Consolidated Profit Statement
Unit: yuan
ItemAmount incurred in the current periodAmount of the same period of last yearDifferenceYear-on-year increase/decrease (%)
Interest income0.006,480,864.92-6,480,864.92-100.00%
Financial expenses85,467,639.6852,818,041.7532,649,597.9361.82%
Loss from asset impairment7,565.003,362,022.85-3,354,457.85-99.77%
Non-operating expenses1,258,085.1114,951,136.75-13,693,051.64-91.59%

(1) Interest income: decreased by 100.00% with the amount of RMB 6,480,864.92 over the same period of last year, mainly becausethe equity transfer of SEG Credit was completed in last April and no loan business of SEG Credit occurred in the reporting period.

(2) Financial expense: increased by 61.82% with the amount of RMB 32,649,597.93 over the same period of last year, mainlybecause the company's external financing scale expanded.

(3) Assets impairment loss: decreased with the amount of RMB 3,354,457.85 over the same period of last year, Decreased by

99.77%,mainly because in the same period of last year SEG Credit accrued loan loss impairment while there is no such business inthe reporting period.

(4) Non-business expenditure: decreased by 91.59% with the amount of RMB 13,693,051.64 over the same period of last year,mainly because in the same period of last year ① SEG Real Estate paid the contract termination fee (No. 2017 Yue 0307 M. C. 6835);

② Nanning SEG paid litigation indemnity, while no such business expenses occurred in the reporting period.

3. Items of Consolidated Cash Flow Statement

ItemAmount incurred in the current periodAmount of the same period of last yearDifferenceYear-on-year increase/decrease (%)
Cash received from interest and commissions0.006,311,198.08-6,311,198.08-100.00%
Other cash received related to operating activities141,023,349.87253,127,937.32-112,104,587.45-44.29%
Cash paid for purchasing goods and receiving services376,476,832.61565,344,689.47-188,867,856.86-33.41%
Net increase in loans to customers and prepayment0.00-15,664,988.0015,664,988.00-100.00%
Taxes paid139,323,829.77264,954,200.49-125,630,370.72-47.42%
Cash received by absorbing investment0.00980,000.00-980,000.00-100.00%
Borrowings received513,500,000.00979,000,000.00-465,500,000.00-47.55%
Other cash paid related to financing activities110,000,023.31169,669,157.90-59,669,134.59-35.17%

(1) Cash charge for interest, service charges and commissions: decreased by 100.00% with the amount of RMB 6,311,198.08 over thesame period of last year, mainly because no loan business of SEG Credit occurred in the reporting period.

(2) Other cash received related to operating activities: decreased by 44.29% with the amount of RMB 112,104,587.45 over the sameperiod of last year, mainly because the company received less current payment in the reporting period.

(3)Cash paid for purchasing goods and receiving services decreased by 33.41% with the amount of RMB 188,867,856.86 over thesame period of last year, mainly because the company's sales situation was not as good as the same period of last year, and thecorresponding payment reduced.

(4) Net increase in customer loans and advances: decreased by 100.00% with the amount of RMB 15,664,988.00 over the sameperiod of last year, mainly because no loan business of SEG Credit occurred in the reporting period.

(5) Tax payments: decreased by 47.42% with the amount of RMB 125,630,370.72 over the same period of last year, mainly becausethe corporate income tax and land value-added tax paid by the company and its holding subsidiaries decreased compared with thesame period of last year.

(6) Cash receipts from investments: decreased by 100.00% with the amount of RMB 980,000.00 over the same period of last year,mainly because SEG Yicheng received investments from minority shareholders in the same period of last year.

(7) Borrowings received: decreased by 47.55% with the amount of RMB 465,500,000.00 over the same period of last year, mainlybecause the company received less bank loans.

(8) Other cash paid related to financing activities: decreased by 35.17% with the amount of RMB 59,669,134.59 over the same periodof last year, mainly because the amount of last year contained investments received by Longyan Technology from minorityshareholders.II. Analysis of Development, Impacts and Solutions of Major Events

√ Applicable □ Not applicable

There are no other major events except for those in the table below.

Overview of major eventsDisclosure dateQuery index of the provisional announcement disclosure website
Implementation of interest distribution (2018)July 4, 2019http://www.cninfo.com.cn Announcement of Dividend Distribution for 2018
The plan of reducing holding-shares ofJuly 24, 2019http://www.cninfo.com.cn
Huakong SEG endedAnnouncement of the Implementation of Reduction of Holding-shares of Shenzhen Huakong SEG Co., Ltd.
SEG New Urban received The Notice on Sealing up, Distraining, and Freezing Property served by the People's Court of Longgang District, Shenzhen City, Guangdong Province. The house property on the second to fifth floors of Building A of SEG New Urban Plaza under the name of SEG New Urban was sealed upJuly 27, 2019http://www.cninfo.com.cn/ Risk Warning on House Property Sealing up of the Holding Sub-subsidiary
Zhu Longqing, Vice General Manager of the company, resigned due to job changeJuly 31, 2019http://www.cninfo.com.cn Announcement on the Resignation of Vice General Manager Zhu Longqing
SEG New Urban received the Civil Ruling and the Notice on Assistance in Enforcement served by the Shenzhen Intermediate People’s Court.August 8, 2019http://www.cninfo.com.cn Announcement on Receipt of the Civil Ruling and the Notice on Assistance in Enforcement by the Holding Sub-subsidiary
August 24, 2019http://www.cninfo.com.cn Announcement on Receipt of the Civil Ruling and the Notice on Assistance in Enforcement by the Holding Sub-subsidiary
SEG New Urban plans to sign the Agreement with Huang Zhihui and other assignees of obligatory rightsAugust 17, 2019http://www.cninfo.com.cn Announcement on Proposed Agreement between the Holding Sub-subsidiary SEG New Urban and Related Assignees of Obligatory rights
SEG New Urban received the Notice of Trial from the Shenzhen International Court of Arbitration. The applicant CITIC Bank filed an arbitration application about the financial loan contract disputes between it and the respondents such as Zhaocheng Group and SEG New Urban.August 27, 2019http://www.cninfo.com.cn Announcement on Receipt of Notice of Arbitration Trial by the Holding Sub-subsidiary
Announcement on Corporate Stock SwingAugust 22, 2019http://www.cninfo.com.cn Announcement on Stock Swing
August 27, 2019http://www.cninfo.com.cn
Announcement on Stock Swing
August 30, 2019http://www.cninfo.com.cn Announcement on Stock Swing
Public offering of corporate bondsAugust 5, 2019http://www.cninfo.com.cn Temporary Trusteeship Management Report (V) for Public Offering of Corporate Bonds to Qualified Investors (1st Issue) in 2018
August 20, 2019http://www.cninfo.com.cn Temporary Trusteeship Management Report (VI) for Public Offering of Corporate Bonds to Qualified Investors (1st Issue) in 2018
August 26, 2019http://www.cninfo.com.cn Temporary Trusteeship Management Report (VII) for Public Offering of Corporate Bonds to Qualified Investors (1st Issue) in 2018
Matters on corporate bond No. 18 SEG 02August 27, 2019http://www.cninfo.com.cn/ Announcement on the Coupon Rate Adjustment and Put-back Implementation Measures for Corporate Bond No. 18 SEG 02
from August 28, 2019 to June 30, 2019http://www.cninfo.com.cn/ First Suggestive Announcement on the Coupon Rate Adjustment and Put-back Implementation Measures for Corporate Bond No. 18 SEG 02, Second Suggestive Announcement on the Coupon Rate Adjustment and Put-back Implementation Measures for Corporate Bond No. 18 SEG 02, Third Suggestive Announcement on the Coupon Rate Adjustment and Put-back Implementation Measures for Corporate Bond No. 18 SEG 02
September 05, 2019http://www.cninfo.com.cn/ Announcement on the Declaration of Put-backs for Corporate Bond No. 18 SEG 02
September 23, 2019http://www.cninfo.com.cn/
Announcement on 2019 Payment of Interest for Corporate Bond No. 18 SEG 02
September 24, 2019http://www.cninfo.com.cn/ Announcement on the Implementation of Put-backs for Corporate Bond No. 18 SEG 02
The transfer of 100% of the equity of Shenzhen-Shantou SEG Longyan completed.September 16, 2019http://www.cninfo.com.cn Announcement on the Progress of Transfer of 100% of the Equity of Shenzhen-Shantou Cooperation Zone SEG Longyan Energy Technology Co., Ltd. Held by the Holding Subsidiary
Matters on the reduction of corporate holding-shares by the controlling shareholder Shenzhen SEG Group Co., Ltd.September 19, 2019http://www.cninfo.com.cn Pre-disclosure Announcement on the Reduction of Corporate Holding-shares by the Controlling Shareholder
The changes of the Board of Directors and the Board of SupervisorsSeptember 25, 2019http://www.cninfo.com.cn Announcement on Resolutions of the 58th Extraordinary Meeting of the 7th Board of Directors
September 27, 2019http://www.cninfo.com.cn/ Announcement on the Election of the Staff Representative Supervisor of the 8th Board of Supervisors
October 11, 2019http://www.cninfo.com.cn/ Announcement on the Resolution of the 6th Extraordinary General Meeting in 2019
http://www.cninfo.com.cn/ Announcement on the Resolution of the 1st Meeting of the 8th Board of Directors
http://www.cninfo.com.cn/ Announcement on the Resolution of the 1st Meeting of the 8th Board of Supervisors
By the end of the reporting period, Nantong SEG Operating Company have been involved in 13 housing lease contract dispute cases and the case amount related is RMB 5,840,000.August 27, 2018http://www.cninfo.com.cn Semi-Annual Report 2019 of Shenzhen SEG Co., Ltd.
Nantong SEG Operating Company have won all the cases, which have been concluded and are in execution.
By the end of the reporting period, Nantong SEG has been involved in 16 house decoration contract dispute cases and the case amount related is RMB 34,506,300. Among these cases, 13 have been concluded and are in execution. Among the remaining 3 cases, one is in the procedure of retrial, another is in the procedure of first instance, and the last one is in the procedure of second instance.August 27, 2018http://www.cninfo.com.cn Semi-Annual Report 2019 of Shenzhen SEG Co., Ltd.
For the dispute case over the lease contract of SEG New Urban vs. Belugaplan Culture Development (Dalian) Co., Ltd., the People's Court of Longgang District, Shenzhen made the first instance judgment, that is, Belugaplan Culture Development (Dalian) Co., Ltd. shall pay the liquidated damages of RMB 405,000 to SEG New Urban, as well as the overdue fine for management expenses and utilities of RMB 8,147.04 in total, while SEG New Urban does not need to refund the rental deposit of RMB 255,000. By the end of the reporting period, Belugaplan has paid part of the liquidated damages RMB 115,687.04, and the remaining RMB 305,000 has not been paid. SEG New Urban have applied to the court for enforcement and it is currently in execution.August 27, 2018http://www.cninfo.com.cn Semi-Annual Report 2019 of Shenzhen SEG Co., Ltd.
In September 2019, due to engineering construction contract disputes, SEG New Urban filed a lawsuit in the People's Court of Longgang District, Shenzhen, requesting China Huashi Enterprises Co., Ltd. to compensate for liquidated damages and losses of RMB 57,069,600 in total.//

Progress of share repurchase

□ Applicable √ Not applicable

Progress of reduction of holding-shares through centralized bidding

□ Applicable √ Not applicable

III. Commitments not fulfilled as of the end of the reporting period by the Company, actual controller, shareholders, affiliates,purchasers, or other related parties

√ Applicable □ Not applicable

CommitmentsSubjectTypeContentCommitment dateCommitment termPerformance
Commitment for share reformNot applicable
Commitments in the Acquisition Report and the Report of Changes on EquityNot applicable
Commitments made at the time of restructuring of assetsShenzhen 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: August 03, 2016Long-termExtended 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 license for renewal is
1. SEG Group has made commitments for the performance of the subject company within three years after completion of major assets 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 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 engage an audit firm 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 business days upon final specific review opinions provided by the audit firm, and send a written notice tonot obtained yet.)
SEG Group. Within 30 business days upon receipt of the written notice from Shenzhen SEG, SEG Group should pay the compensation in cash in full amount.”
Commitment made at the time of initial public offerings or refinancingNot applicable
Commitment on equity incentivesNot applicable
Other commitments made to the medium and small shareholders of the CompanyNot applicable
Whether commitments were fulfilled on timeNo
For commitments unfulfilled in the commitment period, specify the reasons for non-fulfillment and further plansThe new property in the reconstruction project of SEG Industrial Building and other two buildings is a temporary building. According to the provisions of the (Provisional) Measures for the Management of Temporary Buildings of Futian District, Shenzhen, the service duration of this temporary building is from April 21, 2016 to April 20, 2018 can be extended for another year according to the provisions of the Urban and Rural Planning Regulations of Guangdong Province (As of April 20, 2019). Apart from this, no provisions on temporary buildings of Shenzhen and Futian District permit any extension or term of extension. After expiration of the service duration (April 20, 2018), the Company has applied for extension and submitted application materials to the relevant competent authority for approval. The extension license is not obtained yet. This matter has never subjected the listed company to losses or caused SEG Group to be liable for compensation.

Forecasts of Operating Results for 2019

Warning and reasons for forecasts on loss of the cumulative net profit from the beginning of the year to the end of the next reportingperiod or significant changes in net profit over the same period last year

□ Applicable ? Not applicable

IV. Security investment? Applicable □ Not applicable

Unit: Yuan

Stock typeStock codeShort form of the securityInitial investment costAccounting measurement modeOpening book valueChange in fair value of the current periodCumulative change in fair value recognized in the equityAmount of purchase in the current periodAmount of sales in the current periodProfit or loss in the reporting periodClosing book valueAccounting itemSource of funds
Domestic and foreign stocks600778Youhao Group90,405.00Measured by fair value274,287.1624,273.200.000.000.00298,560.36Other equity instrument investmentSelf-owned funds
Domestic and foreign stocks000068Huakong SEG172,598,868.24Measured by fair value139,130,451.09262.110.00-8,293,874.35-12,323,767.99135,100,819.56Long-term equity investmentSelf-owned funds
Domestic and foreign stocks832770SEG Navigations8,275,321.43Measurement by cost method13,515,392.830.000.000.0013,515,392.83Other equity instrument investmentSelf-owned funds
Other securities investment held at the end of period------
Total180,9--152,90.0024,530.00-8,293-12,32148,9----
64,594.6720,131.085.31,874.353,767.9914,772.75

V. Entrusted Financing? Applicable □ Not applicable

Unit: RMB 10,000

TypeSource of fund under entrusted financingAmount of entrusted financingBalance not yet dueOverdue amount unrecovered
Bank financial productsSelf-owned funds183,018.1073,391.100
Total183,018.1073,391.100

Information on risky entrusted financing with a significant amount or featuring low security, poor liquidity, and no capital guarantee? Applicable ? Not applicable

Entrusted financial management is not expected to recover the principal or other circumstances that may result in impairment

□ Applicable ? Not applicable

VI. Investment of Derived Products

□ Applicable ? Not applicable

No investment in derivatives is involved in the reporting period.VII. Registration Form for Investigations, Communication and Interviews in the ReportingPeriod

? Applicable □ Not applicable

TimeMeansTypeBasic information on investigation
September 03, 2019Phone callIndividualQuery the recent business performance of the company.
September 19, 2019Phone callIndividualQuery the recent business performance of the company.

VIII. Illegal External Guarantee

□ Applicable ? Not applicable

The Company has no illegal external guarantee in the reporting period.

IX. Non-operating Capital Occupation on the Listed Company by the ControllingShareholder and Related Parties

□ Applicable ? Not applicable

No non-operating capital occupation on the listed company by the controlling shareholder and related parties is involved in thereporting period.

Chapter 4 Financial StatementsI. Financial Statements

1. Consolidated Balance Sheet Statement

Prepared by: Shenzhen SEG Co., Ltd.

Unit: Yuan

ItemSeptember 30, 2019December 31, 2018
Current assets:
Monetary funds744,965,034.991,757,492,816.67
Deposit reservation for balance
Loans to other banks
Trading financial assets
Financial assets measured by fair value with changes included in current gains and losses
Derivative financial assets
Notes receivable3,872,700.00
Accounts receivable112,757,804.0854,426,228.11
Receivable financing
Prepayment6,272,695.312,701,718.53
Premiums receivable
Reinsurance accounts receivable
Reinsurance deposit receivable
Other receivables100,074,948.32115,570,683.93
Including: Interest receivable1,597,323.051,063,684.93
Dividends receivable2,000,000.002,000,000.00
Redemptory monetary capital for resale
Inventory2,504,954,655.282,670,294,017.74
Contract assets
Held-for-sale assets
Non-current assets due within one year
Other current assets802,688,238.76468,083,201.09
Total current assets4,275,586,076.745,068,568,666.07
Non-current assets:
Loans and advances issued
Debt investment
Financial assets available for sale
Other debt investment
Held-to-maturity investment
Long-term receivables19,000,000.0019,000,000.00
Long-term equity investment186,238,263.85172,684,147.74
Other equity instrument investment34,093,953.1934,069,679.99
Other non-current financial assets
Investment properties1,355,864,706.941,412,916,851.46
Fixed assets71,329,563.6959,351,351.90
Construction in progress116,405,152.28151,214,015.76
Productive biological assets
Oil & gas assets
Right-of-use assets
Intangible assets6,979,704.9532,471,556.32
Development expenses
Goodwill11,231,391.49
Long-term expenses to be amortized65,280,831.6973,769,436.90
Deferred income tax assets56,575,030.7856,931,280.75
Other non-current assets46,884,501.3247,032,751.31
Total non-current assets1,969,883,100.172,059,441,072.13
Total assets6,245,469,176.917,128,009,738.20
Current liabilities:
Short-term borrowing103,500,000.00520,000,000.00
Loans from central bank
Loans from other banks
Trading financial liabilities
Financial liabilities measured by fair value with changes included in current gains and losses
Derivative financial liabilities
Notes payable
Accounts payable280,099,827.39293,130,435.56
Advance receipt599,993,914.77692,811,462.75
Contract liabilities
Financial assets sold for repurchase
Deposits from customers and interbank
Acting trading securities
Acting underwriting securities
Payroll payable31,185,275.6244,065,725.59
Taxes payable160,833,019.89121,045,597.93
Other payables564,743,730.631,021,673,905.77
Including: Interest payable1,392,172.114,943,712.80
Dividends payable4,614,796.974,196,371.01
Service charges and commissions payable
Reinsurance accounts payable
Held-for-sale liabilities
Non-current liabilities due within one year143,069,415.58272,569,415.58
Other current liabilities
Total current liabilities1,883,425,183.882,965,296,543.18
Non-current liabilities:
Insurance deposit
Long-term borrowing903,500,000.00748,250,000.00
Bonds payable772,147,044.47787,752,107.90
Including: Preferred stock
Perpetual capital securities
Lease liabilities
Long-term payables
Long-term payroll payable
Estimated liabilities56,077,659.5390,254,503.10
Deferred income5,991,529.606,732,529.57
Deferred income tax liabilities79,880,418.5779,875,150.30
Other non-current liabilities134,417.760.00
Total non-current liabilities1,817,731,069.931,712,864,290.87
Total liabilities3,701,156,253.814,678,160,834.05
Owners' equity:
Share capital1,235,656,249.001,235,656,249.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve148,038,034.55156,892,820.25
Less: Treasury shares
Other comprehensive income104,148.5991,765.66
Special reserve
Surplus reserve152,762,534.98152,762,534.98
General risk provision
Undistributed profits389,442,332.05322,477,846.55
Total owners' equity attributable to the parent company1,926,003,299.171,867,881,216.44
Minority shareholders' equity618,309,623.93581,967,687.71
Total owners' equity2,544,312,923.102,449,848,904.15
Total liabilities and owners' equity6,245,469,176.917,128,009,738.20

Chairman of the Board of Directors: Zhang Liang Chief Financial Officer: Yan Dongxia The responsible person of the accountinginstitution: Wang Lei

2. Balance Sheet Statement of the Parent Company

Unit: Yuan

ItemSeptember 30, 2019December 31, 2018
Current assets:
Monetary funds219,424,284.80971,108,422.35
Trading financial assets
Financial assets measured by fair value with changes included in current gains and losses
Derivative financial assets
Notes receivable
Accounts receivable163,360.00217,360.00
Receivable financing
Prepayment181,291.82
Other receivables914,421,196.351,098,488,672.67
Including: Interest receivable
Dividends receivable28,730,000.002,000,000.00
Inventory
Contract assets
Held-for-sale assets
Non-current assets due within one year
Other current assets101,737,225.024,172,729.68
Total current assets1,235,927,357.992,073,987,184.70
Non-current assets:
Debt investment
Financial assets available for sale
Other debt investment
Held-to-maturity investment
Long-term receivables9,000,000.009,000,000.00
Long-term equity investment1,387,682,637.011,326,039,288.79
Other equity instrument investment33,515,392.8333,515,392.83
Other non-current financial
assets
Investment properties244,953,194.49252,842,527.62
Fixed assets18,022,003.1617,786,925.84
Construction in progress
Productive biological assets
Oil & gas assets
Right-of-use assets
Intangible assets1,368,226.881,671,913.78
Development expenses
Goodwill
Long-term expenses to be amortized7,396,045.549,404,881.96
Deferred income tax assets1,317,682.441,673,932.41
Other non-current assets39,560.00
Total non-current assets1,703,255,182.351,651,974,423.23
Total assets2,939,182,540.343,725,961,607.93
Current liabilities:
Short-term borrowing100,000,000.00520,000,000.00
Trading financial liabilities
Financial liabilities measured by fair value with changes included in current gains and losses
Derivative financial liabilities
Notes payable
Accounts payable206,374.11206,374.11
Advance receipt19,449,689.0722,491,215.88
Contract liabilities
Payroll payable3,305,015.135,143,700.56
Taxes payable11,910,362.924,471,684.00
Other payables70,754,326.48439,491,749.59
Including: Interest payable1,578,179.07
Dividends payable
Held-for-sale liabilities
Non-current liabilities due within one year
Other current liabilities
Total current liabilities205,625,767.71991,804,724.14
Non-current liabilities:
Long-term borrowing
Bonds payable772,147,044.47787,752,107.90
Including: Preferred stock
Perpetual capital securities
Lease liabilities
Long-term payables
Long-term payroll payable
Estimated liabilities
Deferred income5,167,529.606,592,529.57
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities777,314,574.07794,344,637.47
Total liabilities982,940,341.781,786,149,361.61
Owners' equity:
Share capital1,235,656,249.001,235,656,249.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve222,561,161.66231,415,947.36
Less: Treasury shares
Other comprehensive income206.21-55.90
Special reserve
Surplus reserve152,762,534.98152,762,534.98
Undistributed profits345,262,046.71319,977,570.88
Total owners' equity1,956,242,198.561,939,812,246.32
Total liabilities and owners' equity2,939,182,540.343,725,961,607.93

3. Consolidated Profit Statement in Current Reporting Period

Unit: Yuan

ItemAmount incurred in the current periodAmount incurred in the previous period
I. Total operating income348,105,199.21561,704,545.25
Including: Operating income348,105,199.21561,704,545.25
Interest income0.00
Earned premiums0.00
Service charges and commissions income0.00
II. Total operating cost299,828,896.42461,817,703.47
Including: Operating cost233,255,315.85385,280,407.90
Interest expenses
Service charges and commissions expenses
Surrender value
Net compensation pay-outs
Net insurance deposit accrued
Insurance dividends
Reinsurance expenses
Operating tax and surcharges7,957,446.6518,760,506.17
Sale expenses6,352,532.019,863,748.78
Management expenses25,084,118.0030,304,372.95
R&D expenses2,054,425.950.00
Financial expenses25,125,057.9617,608,667.67
Including: Interest expenses26,678,378.3956,338,849.11
Interest income-924,984.27-4,428,143.40
Add: Other income2,209,604.72
Income from investment (enter "-" for loss)18,067,431.48693,535.91
Including: Income from investment in associates and joint ventures-1,864,367.52-4,808,467.81
Income from derecognition of financial assets at amortized cost
Income from exchange (enter "-" for loss)
Income from net exposure hedge (enter "-" for loss)
Income from changes in fair value (enter "-" for loss)
Credit impairment loss (enter "-" for loss)
Asset impairment loss (enter "-" for loss)-2,400.00
Income from asset disposal (enter "-" for loss)
III. Operating profit (enter "-" for loss)68,550,938.99100,580,377.69
Add: Non-operating income1,560,343.792,428,758.29
Less: Non-operating expenses-109,565.491,797,197.37
IV. Total profit (enter "-" for total loss)70,220,848.27101,211,938.61
Less: Income tax23,143,005.2232,529,740.36
V. Net profit (enter "-" for net loss)47,077,843.0568,682,198.25
(I) Classification by going concern
1. Net profit from continuing operations (enter "-" for net loss)47,077,843.05205,277,474.20
2. Net profit from discontinuing operations (enter "-" for net loss)-6,057,464.41
(II) Classification by ownership
1. Net profit attributable to owners of the parent company26,970,095.8740,399,673.95
2. Profit and loss of minority shareholders20,107,747.1828,282,524.30
VI. Net of tax of other comprehensive income-18,431.74-1,702.10
Total owners' net of tax of other comprehensive income attributable to the parent company-12,195.56-20,106.43
1. Other comprehensive income not to be reclassified into profit and
loss
(1) Changes in net liabilities or net assets of the re-measured defined benefit plan
(2) Shares of the investee of other comprehensive income not to be reclassified into profit and loss under the equity method
3. Changes in fair value of other equity instrument investment
4. Changes in fair value of corporate credit risks
(5) Others
2. Other comprehensive income to be reclassified into profit and loss-12,195.56-20,106.43
(1) Other comprehensive income to be reclassified into profit and loss under the equity method-33.8325.45
(2) Changes in fair value of other debt investment
(3) Profit and loss from changes in fair value of the available-for-sale financial assets-12,161.73-20,131.88
(4) Amount of financial assets reclassified into other comprehensive income
(5) Profit or loss from reclassification of held-to-maturity investments into available-for-sale financial assets
(6) Provision for credit impairment of other debt investment
(7) Cash flow hedge reserve
(8) Foreign currency translation differences
(9) Others
Net of tax of other comprehensive income attributable to minority-6,236.1818,404.33
shareholders
VII. Total comprehensive income47,059,411.3168,680,496.15
Total comprehensive income attributable to shareholders of the parent company26,957,900.3140,379,567.52
Total comprehensive income attributable to minority shareholders20,101,511.0028,300,928.63
VIII. Earnings per share
1. Basic earnings per share0.02180.0327
2. Diluted earnings per share0.02180.0327

In case of a business combination under common control in the current period, the net profit of the combined party beforecombination is RMB , and the net profit of the combined party in the previous period is RMB .Chairman of the Board of Directors: Zhang Liang Chief Financial Officer: Yan Dongxia The responsible person of the accountinginstitution: Wang Lei

4. Profit Statement in Current Reporting Period of the Parent Company

Unit: Yuan

ItemAmount incurred in the current periodAmount incurred in the previous period
I. Operating income17,149,195.3417,036,869.30
Less: Operating cost12,291,048.4512,635,598.64
Operating tax and surcharges1,045,869.421,077,632.77
Sale expenses371,367.28216,482.56
Management expenses5,577,940.835,658,227.51
R&D expenses3,571.000.00
Financial expenses9,093,259.656,502,132.55
Including: Interest expenses12,651,231.9223,002,334.12
Interest income-3,573,688.69-8,312,097.89
Add: Other income474,999.99
Income from investment (enter "-" for loss)3,962,805.4695,833,070.48
Including: Income from investment in associates and joint ventures-4,177,765.06-4,808,467.81
Income from derecognition of financial assets at amortized cost
Income from net exposure hedge (enter "-" for loss)
Income from changes in fair value (enter "-" for loss)
Credit impairment loss (enter "-" for loss)
Asset impairment loss (enter "-" for loss)
Income from asset disposal (enter "-" for loss)
II. Operating profit (enter "-" for loss)-6,785,342.8486,779,865.75
Add: Non-operating income11,000.001,570,422.99
Less: Non-operating expenses1,700,000.00
III. Total profit (enter "-" for total loss)-6,774,342.8486,650,288.74
Less: Income tax3,878,570.22-1,546,771.59
IV. Net profit (enter "-" for net loss)-10,652,913.0688,197,060.33
(I) Net profit from continuing operations (enter "-" for net loss)-10,652,913.0688,197,060.33
(II) Net profit from discontinuing operations (enter "-" for net loss)
V. Net of tax of other comprehensive income228.28118.39
1. Other comprehensive income not to be reclassified into profit and loss
(1) Changes in net liabilities or net assets of the re-measured defined benefit plan
(2) Shares of the investee of other comprehensive income not to be reclassified into profit and loss under the equity method
3. Changes in fair value of other equity instrument investment
4. Changes in fair value of corporate credit risks
(5) Others
2. Other comprehensive income to be reclassified into profit and loss228.28118.39
(1) Other comprehensive income to be reclassified into profit and loss under the equity method228.28118.39
(2) Changes in fair value of other debt investment
(3) Profit and loss from changes in fair value of the available-for-sale financial assets
(4) Amount of financial assets reclassified into other comprehensive income
(5) Profit or loss from reclassification of held-to-maturity investments into available-for-sale financial assets
(6) Provision for credit impairment of other debt investment
(7) Cash flow hedge reserve
(8) Foreign currency translation differences
(9) Others
VI. Total comprehensive income-10,652,684.7888,197,178.72
VII. Earnings per share
1. Basic earnings per share
2. Diluted earnings per share

5. Consolidated Profit Statement from Beginning of the Year to the End of the Reporting Period

Unit: Yuan

ItemAmount incurred in the current periodAmount incurred in the previous period
I. Total operating income1,113,596,884.351,451,123,498.84
Including: Operating income1,113,596,884.351,444,642,633.92
Interest income6,480,864.92
Earned premiums
Service charges and commissions income
II. Total operating cost971,217,497.631,204,911,926.47
Including: Operating cost734,338,928.62994,429,779.15
Interest expenses
Service charges and commissions expenses
Surrender value
Net compensation pay-outs
Net insurance deposit accrued
Insurance dividends
Reinsurance expenses
Operating tax and surcharges49,262,755.5442,196,977.10
Sale expenses16,989,051.9123,051,951.82
Management expenses83,104,695.9392,415,176.65
R&D expenses2,054,425.950.00
Financial expenses85,467,639.6852,818,041.75
Including: Interest expenses92,694,291.9456,338,849.11
Interest income-7,226,652.26-4,428,143.40
Add: Other income5,720,879.150.00
Income from investment (enter "-" for loss)76,745,625.3359,390,854.81
Including: Income from investment in associates and joint ventures-12,813,039.54-16,716,197.00
Income from derecognition of financial assets at amortized cost
Income from exchange (enter "-" for loss)
Income from net exposure hedge (enter "-" for loss)
Income from changes in fair value (enter "-" for loss)
Credit impairment loss (enter "-" for loss)
Asset impairment loss (enter "-" for loss)-7,565.00-3,362,022.85
Income from asset disposal (enter "-" for loss)
III. Operating profit (enter "-" for loss)224,838,326.20302,240,404.33
Add: Non-operating income3,151,415.494,942,048.24
Less: Non-operating expenses1,258,085.1114,951,136.75
IV. Total profit (enter "-" for total loss)226,731,656.58292,231,315.82
Less: Income tax76,293,559.5293,011,306.00
V. Net profit (enter "-" for net loss)150,438,097.06199,220,009.82
(I) Classification by going concern
1. Net profit from continuing operations (enter "-" for net loss)150,438,097.06205,277,474.23
2. Net profit from discontinuing operations (enter "-" for net loss)-6,057,464.41
(II) Classification by ownership
1. Net profit attributable to owners of the parent company110,257,647.89138,066,661.89
2. Profit and loss of minority shareholders40,180,449.1761,153,347.93
VI. Net of tax of other comprehensive income18,467.01-56,797.37
Total owners' net of tax of other comprehensive income attributable to the parent company12,382.93-37,828.28
1. Other comprehensive income not to be reclassified into profit and
loss
(1) Changes in net liabilities or net assets of the re-measured defined benefit plan
(2) Shares of the investee of other comprehensive income not to be reclassified into profit and loss under the equity method
3. Changes in fair value of other equity instrument investment
4. Changes in fair value of corporate credit risks
(5) Others
2. Other comprehensive income to be reclassified into profit and loss12,382.93-37,828.28
(1) Other comprehensive income to be reclassified into profit and loss under the equity method12,382.93
(2) Changes in fair value of other debt investment
(3) Profit and loss from changes in fair value of the available-for-sale financial assets-37,828.28
(4) Amount of financial assets reclassified into other comprehensive income
(5) Profit or loss from reclassification of held-to-maturity investments into available-for-sale financial assets
(6) Provision for credit impairment of other debt investment
(7) Cash flow hedge reserve
(8) Foreign currency translation differences
(9) Others
Net of tax of other comprehensive income attributable to minority6,084.08-18,969.09
shareholders
VII. Total comprehensive income150,456,564.07199,163,212.45
Total comprehensive income attributable to shareholders of the parent company110,270,030.82138,028,833.61
Total comprehensive income attributable to minority shareholders40,186,533.2561,134,378.84
VIII. Earnings per share
1. Basic earnings per share0.08920.1117
2. Diluted earnings per share0.08920.1117

In case of a business combination under common control in the current period, the net profit of the combined party beforecombination is RMB , and the net profit of the combined party in the previous period is RMB .Chairman of the Board of Directors: Zhang Liang Chief Financial Officer: Yan Dongxia The responsible person of the accountinginstitution: Wang Lei

6. Profit Statement of the Parent Company from Beginning of the Year to the End of the Reporting Period

Unit: Yuan

ItemAmount incurred in the current periodAmount incurred in the previous period
I. Operating income56,541,409.6054,002,637.18
Less: Operating cost31,899,284.7833,720,284.08
Operating tax and surcharges3,259,315.113,512,934.28
Sale expenses371,367.28216,482.56
Management expenses18,557,639.1216,232,297.04
R&D expenses0.00
Financial expenses35,096,781.0814,837,050.62
Including: Interest expenses45,997,934.7123,002,334.12
Interest income-10,961,502.79-8,312,097.89
Add: Other income3,037,399.97
Income from investment (enter "-" for loss)112,184,519.20204,345,458.34
Including: Income from investment in associates and joint ventures-12,883,039.54-13,741,197.00
Income from derecognition of financial assets at amortized cost
Income from net exposure hedge (enter "-" for loss)
Income from changes in fair value (enter "-" for loss)
Credit impairment loss (enter "-" for loss)
Asset impairment loss (enter "-" for loss)
Income from asset disposal (enter "-" for loss)
II. Operating profit (enter "-" for loss)82,582,512.40189,829,046.94
Add: Non-operating income38,167.002,772,317.01
Less: Non-operating expenses41,873.208,874,462.04
III. Total profit (enter "-" for total loss)82,578,806.20183,726,901.91
Less: Income tax14,001,167.9813,902,604.49
IV. Net profit (enter "-" for net loss)68,577,638.22169,824,297.42
(I) Net profit from continuing operations (enter "-" for net loss)68,577,638.22169,824,297.42
(II) Net profit from discontinuing operations (enter "-" for net loss)
V. Net of tax of other comprehensive income262.1192.94
1. Other comprehensive income not to be reclassified into profit and loss
(1) Changes in net liabilities or net assets of the re-measured defined benefit plan
(2) Shares of the investee of other comprehensive income not to be reclassified into profit and loss under the equity method
3. Changes in fair value of other equity instrument investment
4. Changes in fair value of corporate credit risks
(5) Others
2. Other comprehensive income to be reclassified into profit and loss262.1192.94
(1) Other comprehensive income to be reclassified into profit and loss under the equity method262.1192.94
(2) Changes in fair value of other debt investment
(3) Profit and loss from changes in fair value of the available-for-sale financial assets
(4) Amount of financial assets reclassified into other comprehensive income
(5) Profit or loss from reclassification of held-to-maturity investments into available-for-sale financial assets
(6) Provision for credit impairment of other debt investment
(7) Cash flow hedge reserve
(8) Foreign currency translation differences
(9) Others
VI. Total comprehensive income68,577,900.33169,824,390.36
VII. Earnings per share
1. Basic earnings per share
2. Diluted earnings per share

7. Consolidated Cash Flow Statement from Beginning of the Year to the End of the Reporting Period

Unit: Yuan

ItemAmount incurred in the current periodAmount incurred in the previous period
I. Cash flow from operating activities:
Cash received from sales of goods and rendering of services1,055,869,379.491,190,798,262.16
Net increase in deposits from customers and interbank
Net increase in loans from central bank
Net increase in borrowing from other financial institutions
Cash received from premiums of primary insurance contracts
Net cash received from reinsurance business
Net increase in deposits from policyholders and investment
Cash received from interest and commissions6,311,198.08
Net increase in loans from other banks
Net increase in redemption capital
Net cash received from acting trading securities
Tax refunds246,846.66
Other cash received related to operating activities141,023,349.87253,127,937.32
Subtotal of cash inflow from operating activities1,196,892,729.361,450,484,244.22
Cash paid for goods and service376,476,832.61565,344,689.47
Net increase in loans to customers and prepayment0.00-15,664,988.00
Net increase in deposits with central bank and interbank
Cash paid for compensation
pay-outs of primary insurance contracts
Net increase in lending funds
Cash paid for interest, service charges, and commissions
Cash paid as insurance dividends
Cash paid to and on behalf of employees205,963,444.75195,861,678.08
Taxes paid139,323,829.77264,954,200.49
Other cash paid related to operating activities374,111,254.16351,574,995.06
Subtotal of cash outflow in operating activities1,095,875,361.291,362,070,575.10
Net cash flow from operating activities101,017,368.0788,413,669.12
II. Cash flows from investing activities:
Cash received from withdrawal of investment1,115,450,000.001,395,212,511.69
Cash received from investment income47,026,015.2964,918,960.93
Net cash received from disposal of fixed assets, intangible assets and other long-term assets42,818.111,220.00
Net cash received from disposal of subsidiaries and other business units109,633,298.28126,699,000.00
Other cash received related to investing activities568,202.770.00
Subtotal of cash inflow from investing activities1,272,720,334.451,586,831,692.62
Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets61,067,813.8266,254,262.96
Cash paid for investment1,738,308,340.351,633,847,350.55
Net increase in mortgage loans
Net cash paid for acquisition of subsidiaries and other business units
Other cash paid related to investing activities128,993,042.50
Subtotal of cash outflow in investing activities1,928,369,196.671,700,101,613.51
Net cash flow from investing activities-655,648,862.22-113,269,920.89
III. Cash flow from financing activities:
Cash received by absorbing investment0.00980,000.00
Including: Cash received by subsidiaries from investment of minority shareholders0.00980,000.00
Borrowings received513,500,000.00979,000,000.00
Other cash received related to financing activities237,899,000.00196,900,800.36
Subtotal of cash inflow from financing activities751,399,000.001,176,880,800.36
Cash repayment944,565,815.94924,664,813.71
Cash paid for dividend and profit distribution or interest payment111,029,873.3095,444,956.60
Including: Dividends and profit paid by subsidiaries to minority shareholders32,299,129.4026,262,417.89
Other cash paid related to financing activities110,000,023.31169,669,157.90
Subtotal of cash outflow in financing activities1,165,595,712.551,189,778,928.21
Net cash flow from financing activities-414,196,712.55-12,898,127.85
IV. Influence of exchange rate fluctuation on cash and cash equivalents425.02452.95
V. Net increase in cash and cash equivalents-968,827,781.68-37,753,926.67
Add: Opening balance of cash and cash equivalents1,713,792,816.67951,482,605.92
VI. Closing balance of cash and cash equivalents744,965,034.99913,728,679.25

8. Cash Flow Statement of the Parent Company from Beginning of the Year to the End of the ReportingPeriod

Unit: Yuan

ItemAmount incurred in the current periodAmount incurred in the previous period
I. Cash flow from operating activities:
Cash received from sales of goods and rendering of services58,515,246.5451,123,098.98
Tax refunds
Other cash received related to operating activities140,828,104.57311,283,263.32
Subtotal of cash inflow from operating activities199,343,351.11362,406,362.30
Cash paid for purchasing goods and receiving services29,687,838.3827,256,444.94
Cash paid to and on behalf of employees23,916,391.2319,716,496.24
Taxes paid4,117,810.7926,671,624.06
Other cash paid related to operating activities85,334,181.43185,871,943.22
Subtotal of cash outflow in operating activities143,056,221.83259,516,508.46
Net cash flow from operating activities56,287,129.28102,889,853.84
II. Cash flows from investing activities:
Cash received from withdrawal of investment40,980,000.00525,597,700.00
Cash received from investment income97,776,783.87218,497,996.91
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 units0.0077,654,200.00
Other cash received related to investing activities
Subtotal of cash inflow from138,756,783.87821,749,896.91
investing activities
Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets0.00114,000.00
Cash paid for investment549,426,244.34693,000,000.00
Net cash paid for acquisition of subsidiaries and other business units
Other cash paid related to investing activities
Subtotal of cash outflow in investing activities549,426,244.34693,114,000.00
Net cash flow from investing activities-410,669,460.47128,635,896.91
III. Cash flow from financing activities:
Cash received by absorbing investment
Borrowings received250,000,000.00729,000,000.00
Other cash received related to financing activities221,441,666.6846,394,666.68
Subtotal of cash inflow from financing activities471,441,666.68775,394,666.68
Cash repayment710,000,000.00530,000,000.00
Cash paid for dividend and profit distribution or interest payment58,743,473.0488,928,233.30
Other cash paid related to financing activities100,000,000.00255,061,667.00
Subtotal of cash outflow in financing activities868,743,473.04873,989,900.30
Net cash flow from financing activities-397,301,806.36-98,595,233.62
IV. Influence of exchange rate fluctuation on cash and cash equivalents
V. Net increase in cash and cash equivalents-751,684,137.55132,930,517.13
Add: Opening balance of cash and cash equivalents971,108,422.35104,463,125.70
VI. Closing balance of cash and cash equivalents219,424,284.80237,393,642.83

II. Financial Statements Adjustments

1. Adjustments of items of financial statements as of the beginning of the current year due toimplementation of new standards for financial instruments, new standards for income, or new standardsfor lease from 2019

√ Applicable □ Not applicable

Consolidated Balance Sheet Statement

Unit: Yuan

ItemDecember 31, 2018January 01, 2019Adjustments
Current assets:
Monetary funds1,757,492,816.671,757,492,816.67
Deposit reservation for balance
Loans to other banks
Trading financial assets
Financial assets measured by fair value with changes included in current gains and losses
Derivative financial assets
Notes receivable
Accounts receivable54,426,228.1154,426,228.11
Receivable financing
Prepayment2,701,718.532,701,718.53
Premiums receivable
Reinsurance accounts receivable
Reinsurance deposit receivable
Other receivables115,570,683.93115,570,683.93
Including: Interest receivable1,063,684.931,063,684.93
Dividends receivable2,000,000.002,000,000.00
Redemptory monetary capital for resale
Inventory2,670,294,017.742,670,294,017.74
Contract assets
Held-for-sale assets
Non-current assets due within one year
Other current assets468,083,201.09468,083,201.09
Total current assets5,068,568,666.075,068,568,666.07
Non-current assets:
Loans and advances issued
Debt investment
Financial assets available for sale34,069,679.99/34,069,679.99
Other debt investment
Held-to-maturity investment
Long-term receivables19,000,000.0019,000,000.00
Long-term equity investment172,684,147.74172,684,147.74
Other equity instrument investment/34,069,679.9934,069,679.99
Other non-current financial assets
Investment properties1,412,916,851.461,412,916,851.46
Fixed assets59,351,351.9059,351,351.90
Construction in progress151,214,015.76151,214,015.76
Productive biological assets
Oil & gas assets
Right-of-use assets
Intangible assets32,471,556.3232,471,556.32
Development
expenses
Goodwill
Long-term expenses to be amortized73,769,436.9073,769,436.90
Deferred income tax assets56,931,280.7556,931,280.75
Other non-current assets47,032,751.3147,032,751.31
Total non-current assets2,059,441,072.132,059,441,072.13
Total assets7,128,009,738.207,128,009,738.20
Current liabilities:
Short-term borrowing520,000,000.00520,000,000.00
Loans from central bank
Loans from other banks
Trading financial liabilities
Financial liabilities measured by fair value with changes included in current gains and losses
Derivative financial liabilities
Notes payable
Accounts payable293,130,435.56293,130,435.56
Advance receipt692,811,462.75692,811,462.75
Contract liabilities
Financial assets sold for repurchase
Deposits from customers and interbank
Acting trading securities
Acting underwriting securities
Payroll payable44,065,725.5944,065,725.59
Taxes payable121,045,597.93121,045,597.93
Other payables1,021,673,905.771,021,673,905.77
Including: Interest payable4,943,712.804,943,712.80
Dividends payable4,196,371.014,196,371.01
Service charges and commissions payable
Reinsurance accounts payable
Held-for-sale liabilities
Non-current liabilities due within one year272,569,415.58272,569,415.58
Other current liabilities
Total current liabilities2,965,296,543.182,965,296,543.18
Non-current liabilities:
Insurance deposit
Long-term borrowing748,250,000.00748,250,000.00
Bonds payable787,752,107.90787,752,107.90
Including: Preferred stock
Perpetual capital securities
Lease liabilities
Long-term payables
Long-term payroll payable
Estimated liabilities90,254,503.1090,254,503.10
Deferred income6,732,529.576,732,529.57
Deferred income tax liabilities79,875,150.3079,875,150.30
Other non-current liabilities0.00
Total non-current liabilities1,712,864,290.871,712,864,290.87
Total liabilities4,678,160,834.054,678,160,834.05
Owners' equity:
Share capital1,235,656,249.001,235,656,249.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve156,892,820.25156,892,820.25
Less: Treasury shares
Other comprehensive income91,765.6691,765.66
Special reserve
Surplus reserve152,762,534.98152,762,534.98
General risk provision
Undistributed profits322,477,846.55152,762,534.98
Total owners' equity attributable to the parent company1,867,881,216.44152,762,534.98
Minority shareholders' equity581,967,687.71152,762,534.98
Total owners' equity2,449,848,904.152,449,848,904.15
Total liabilities and owners' equity7,128,009,738.207,128,009,738.20

Balance Sheet Statement of the Parent Company

Unit: Yuan

ItemDecember 31, 2018January 01, 2019Adjusted figures
Current assets:
Monetary funds971,108,422.35971,108,422.35
Trading financial assets
Financial assets measured by fair value with changes included in current gains and losses
Derivative financial assets
Notes receivable
Accounts receivable217,360.0017,360.00
Receivable financing
Prepayment
Other receivables1,098,488,672.671,098,488,672.67
Including: Interest receivable
Dividends receivable2,000,000.002,000,000.00
Inventory
Contract assets
Held-for-sale assets
Non-current assets due within one year
Other current assets4,172,729.684,172,729.68
Total current assets2,073,987,184.702,073,987,184.70
Non-current assets:
Debt investment
Financial assets available for sale33,515,392.83/-33,515,392.83
Other debt investment
Held-to-maturity investment
Long-term receivables9,000,000.009,000,000.00
Long-term equity investment1,326,039,288.791,326,039,288.79
Other equity instrument investment33,515,392.8333,515,392.83
Other non-current financial assets
Investment properties252,842,527.62252,842,527.62
Fixed assets17,786,925.8417,786,925.84
Construction in progress
Productive biological assets
Oil & gas assets
Right-of-use assets
Intangible assets1,671,913.781,671,913.78
Development expenses
Goodwill
Long-term expenses to be amortized9,404,881.969,404,881.96
Deferred income tax assets1,673,932.411,673,932.41
Other non-current assets39,560.0039,560.00
Total non-current assets1,651,974,423.231,651,974,423.23
Total assets3,725,961,607.933,725,961,607.93
Current liabilities:
Short-term borrowing520,000,000.00520,000,000.00
Trading financial liabilities
Financial liabilities measured by fair value with changes included in current gains and losses
Derivative financial liabilities
Notes payable
Accounts payable206,374.11206,374.11
Advance receipt22,491,215.8822,491,215.88
Contract liabilities
Payroll payable5,143,700.565,143,700.56
Taxes payable4,471,684.004,471,684.00
Other payables439,491,749.59439,491,749.59
Including: Interest payable1,578,179.071,578,179.07
Dividends payable
Held-for-sale liabilities
Non-current liabilities due within one year
Other current liabilities
Total current liabilities991,804,724.14991,804,724.14
Non-current liabilities:
Long-term borrowing
Bonds payable787,752,107.90787,752,107.90
Including: Preferred stock
Perpetual capital securities
Lease liabilities
Long-term payables
Long-term payroll payable
Estimated liabilities
Deferred income6,592,529.576,592,529.57
Deferred income tax liabilities
Other non-current liabilities
Total non-current liabilities794,344,637.47794,344,637.47
Total liabilities1,786,149,361.611,786,149,361.61
Owners' equity:
Share capital1,235,656,249.001,235,656,249.00
Other equity instruments
Including: Preferred stock
Perpetual capital securities
Capital reserve231,415,947.36231,415,947.36
Less: Treasury shares
Other comprehensive income-55.90-55.90
Special reserve
Surplus reserve152,762,534.98152,762,534.98
Undistributed profits319,977,570.88319,977,570.88
Total owners' equity1,939,812,246.321,939,812,246.32
Total liabilities and owners' equity3,725,961,607.933,725,961,607.93

2. Notes to retrospective adjustments of comparative data of previous periods due to implementation of newstandards for financial instruments or new standards for lease from 2019

□ Applicable ? Not applicable

III. Audit ReportIs the 3rd quarter report audited?

□ Yes ? No

The 3rd quarter report of the Company has not been audited.


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