Stock code: 000058, 200058 Notice No.:2020-084Stock abbreviation: SHEN SEG, SHEN SEG B
Body of Q3 2020 Report ofShenzhen SEG Co., Ltd.
Section I. Important NotesBoard of Directors and the Supervisory Committee of Shenzhen SEG Co., Ltd.(hereinafter referred to as the Company) and its directors, supervisors andsenior executives hereby confirm that there are no any fictitious statements,misleading statements, or important omissions carried in this report, and shalltake all responsibilities, individual and/or joint, for the reality, accuracy andcompletion of the whole contents.All directors of the Company are attended the Meeting for quarterly reportdeliberation.Zhangliang, Principal of the Company; Yan Dongxia, Person in Charge ofAccounting Work; Wang Lei, Person in Charge of Accounting Organization(Accounting Officer) hereby confirm that the Financial Report of the ThirdQuarterly Report is authentic, accurate and complete.
Section II. Basic information of Company
I. Main accounting data and indexWhether it has retroactive adjustment or re-statement on previous accounting data or not
□Yes √No
第 3 页 共 15 页
Current period-end | Period-end of last year | Increase/decrease | ||||
Total assets (RMB) | 5,828,666,628.54 | 6,190,598,894.81 | -5.85% | |||
Net assets attributable to shareholders of listed company (RMB) | 1,950,728,114.63 | 1,899,384,178.95 | 2.70% | |||
Current period | Increase/decrease in comparison with same period of last year | Year-begin to end of the Period | Increase/decrease in comparison with year-begin to Period-end of last year | |||
Operating revenue (RMB) | 301,827,368.72 | -13.29% | 1,078,720,419.17 | -3.13% | ||
Net profit attributable to shareholders of the listed company (RMB) | 34,247,890.09 | 26.98% | 93,318,718.92 | -15.36% | ||
Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 13,451,259.45 | -9.13% | 54,129,420.41 | 22.94% | ||
Net cash flow arising from operating activities (RMB) | 102,532,507.71 | 439.18% | 153,056,581.83 | 51.52% | ||
Basic earnings per share (RMB/Share) | 0.0277 | 27.06% | 0.0755 | -15.36% | ||
Diluted earnings per share (RMB/Share) | 0.0277 | 27.06% | 0.0755 | -15.36% | ||
Weighted average ROE | 1.74% | 0.32% | 4.82% | -0.99% |
Items and amount of extraordinary profit (gains)/losses
√Applicable □Not applicable
In RMB
Item | Amount from year-begin to end of the Period | Note |
第 4 页 共 15 页Gains/losses from the disposal of non-current asset (includingthe write-off that accrued for impairment of assets)
Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 20,875,516.77 | Selling the Huakong SEG stock |
Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or ration according to national standards, which are closely relevant to enterprise’s business) | 9,412,190.54 | |
Capital occupation fee charged to non-financial enterprises included in current profit and loss | 1,309,925.26 | |
Gains/losses from entrusted investment or assets management | 20,865,258.75 | Profit of financial product |
Trustee fee from entrusted operation | 114,091.90 | |
Other non-operating income and expenditure except for the aforementioned items | 2,211,510.93 | |
Other items conforming to the definition of non-recurring profit and loss | 2,045,625.17 | |
Less: impact on income tax | 13,896,655.96 | |
Impact on minority shareholders’ equity (post-tax) | 3,748,164.85 | |
Total | 39,189,298.51 | -- |
Concerning the extraordinary profit (gain)/loss defined by Q&A Announcement No.1 on Information Disclosure for CompaniesOffering Their Securities to the Public --- Extraordinary Profit/loss, and the items defined as recurring profit (gain)/loss according tothe lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering TheirSecurities to the Public --- Extraordinary Profit/loss, explain reasons
□ Applicable √ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to the lists ofextraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities tothe Public --- Extraordinary Profit/loss.II. Statement of the total shareholders and shares-held of top ten shareholders at end of thePeriod
1. Common and preferred stockholders with voting rights recover and the top ten share-holding
In Share
Total common shareholders at the end of report period | 80,480 | Total preferred stockholders with voting rights recover at the end of report period (if applicable) | 0 | |||||
Top ten shareholders | ||||||||
Shareholders | Nature of shareholder | Proportion of shares held | Amount of shares held | Amount of restricted shares held | Number of share pledged/frozen | |||
State of share | Amount |
第 5 页 共 15 页Shenzhen SEGGroup Co., Ltd.
Shenzhen SEG Group Co., Ltd. | State-owned corporate | 56.70% | 700,618,759 | 450,857,239 | ||
LI SHERYN ZHAN MING | Overseas natural person | 0.73% | 9,063,952 | |||
Liu Guocheng | Domestic natural person | 0.59% | 7,250,502 | |||
Hou Xiulan | Domestic natural person | 0.41% | 5,100,000 | |||
Yang Fan | Domestic natural person | 0.32% | 3,977,000 | |||
Liu Guohong | Domestic natural person | 0.28% | 3,399,903 | |||
Gong Qianhua | Overseas natural person | 0.24% | 2,940,000 | |||
China Securities Finance Corporation Limited | Domestic non-state legal person | 0.18% | 2,271,900 | |||
Xie Zhenghao | Domestic natural person | 0.18% | 2,236,501 | |||
Hong Kong Securities Clearing Company Limited | Foreign legal person | 0.18% | 2,169,437 | |||
Particular about top ten shareholders with un-restrict shares held | ||||||
Shareholders | Amount of un-restrict common shares held | Type of shares | ||||
Type | Amount | |||||
Shenzhen SEG Group Co., Ltd. | 249,761,520 | RMB common shares | 249,761,520 | |||
LI SHERYN ZHAN MING | 9,063,952 | Domestically listed foreign shares | 9,063,952 | |||
Liu Guocheng | 7,250,502 | Domestically listed foreign shares | 7,250,502 | |||
Hou Xiulan | 5,100,000 | RMB common shares | 5,100,000 |
第 6 页 共 15 页Yang Fan
Yang Fan | 3,977,000 | RMB common shares | 3,977,000 |
Liu Guohong | 3,399,903 | Domestically listed foreign shares | 3,399,903 |
Gong Qianhua | 2,940,000 | Domestically listed foreign shares | 2,940,000 |
China Securities Finance Corporation Limited | 2,271,900 | RMB common shares | 2,271,900 |
Xie Zhenghao | 2,236,501 | RMB common shares | 2,236,501 |
Hong Kong Securities Clearing Company Limited | 2,169,437 | RMB common shares | 2,169,437 |
Explanation on related 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. | ||
Explanation on top 10 shareholders involving margin business (if applicable) | In the foregoing top 10 shareholders, Xie Zhenghao holds 560,100 share of the Company in the ordinary account and 1,676,401 shares in the margin trading investor credit account, which are 2,236,501 shares of the Company in total. |
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a buy-back agreementdealing in reporting period
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company have no buy-backagreement dealing in reporting period.
2. Total of shareholders with preferred stock held and the top ten shareholdings
□Applicable √Not applicable
Section III. Important events
I. Particular about major changes from items of main accounting statements and financialindexes as well as reasons
√ Applicable □Not applicable
第 7 页 共 15 页(i) Consolidate Balance Sheet
(i) Consolidate Balance Sheet | ||||
In RMB |
Item | Closing balance | Opening balance | Difference | Increase or decrease over the previous year (%) |
Note receivable | 4,133,400.00 | 7,637,000.00 | -3,503,600.00 | -45.88% |
Account receivable | 85,133,758.72 | 46,742,740.72 | 38,391,018.00 | 82.13% |
Other receivable | 70,452,610.21 | 53,999,926.45 | 16,452,683.76 | 30.47% |
Wages payable | 44,699,132.28 | 67,138,794.88 | -22,439,662.60 | -33.42% |
Non-current liability due within one year | 411,000,000.00 | 289,044,403.94 | 121,955,596.06 | 42.19% |
Long-term loans | 482,500,000.00 | 781,817,739.49 | -299,317,739.49 | -38.28% |
Deferred income | 3,566,918.34 | 5,163,798.28 | -1,596,879.94 | -30.92% |
1. Note receivable: decreased 3,503,600 Yuan over that of period-begin with 45.88% down, mainly due to the acceptance of notereceivable in the Period.
2. Account receivable: increased 38,391,018 Yuan over that of period-begin with 82.13% up, mainly due to the means of paymentsfor property management business.
3. Other receivable: increased 16,452,683.76 Yuan over that of period-begin with 30.47% up, mainly due to the increase ofoperational contacts.
4. Wages payable: decreased 22,439,662.60 Yuan over that of period-begin with 33.42% down, mainly due to the payment of wagesin the Period.
5. Non-current liability due within one year: increased 121,955,596.06 Yuan over that of period-begin with 42.19% up, mainly due tothe increase of long-term loans due within one year.
6. Long-term loans: decreased 299,317,739.49 Yuan over that of period-begin with 38.28% down, mainly because part of thelong-term loans is paid in the Period.
7. Deferred income: decreased 1,596,879.94 Yuan over that of period-begin with 30.92% down, mainly because part of the deferredincome is carried forward in the Period.
(II) Consolidate Profit Statement | ||||||||
In RMB | ||||||||
Item | Amount of the current period | Amount of the previous period | Difference | Increase or decrease over the previous year (%) | ||||
Taxes and surcharge | 77,116,160.93 | 49,262,755.54 | 27,853,405.39 | 56.54% | ||||
Other income | 11,457,815.71 | 5,720,879.15 | 5,736,936.56 | 100.28% | ||||
Investment income | 30,119,271.57 | 76,745,625.33 | -46,626,353.76 | -60.75% |
第 8 页 共 15 页Income tax expenses
Income tax expenses | 51,976,350.33 | 76,293,559.52 | -24,317,209.19 | -31.87% |
1. Taxes and surcharge: an increase of 27,853,405.39 Yuan over the same period last year with 56.54% up, mainly because VAT forlands is increased in the Period.
2. Other income: an increase of 5,736,936.56 Yuan over the same period last year with 100.28% up, mainly due to the increase ofgovernment subsidy received in the Period.
3. Investment income: a decrease of 46,626,353.76 Yuan over the same period last year with 60.75% down, mainly because incomefrom selling the Huakong SEG stock decreased on a y-o-y basis.
4. Income tax expenses: a decrease of 24,317,209.19 Yuan over the same period last year with 31.87% down, mainly because totalprofit in the Period declined.
(III) Consolidate Cash Flow Statement | ||||
In RMB | ||||
Item | Amount of the current period | Amount of the previous period | Difference | Increase or decrease over the previous year (%) |
Net cash flow arising from operation activity | 153,056,581.83 | 101,017,368.07 | 52,039,213.76 | 51.52% |
Net cash flow arising from investment activity | 86,943,802.70 | -628,918,862.22 | 715,862,664.92 | 113.82% |
Net cash flow arising from financing activity | -304,096,806.23 | -440,926,712.55 | 136,829,906.32 | 31.03% |
Net increase of cash and cash equivalent | -64,096,421.70 | -968,827,781.68 | 904,731,359.98 | 93.38% |
1. Net cash flow arising from operation activity: an increase of 52,039,213.76 Yuan over the same period last year with 51.52% up,mainly because operational expenditure declined in the Period.
2. Net cash flow arising from investment activity: an increase of 715,862,664.92 Yuan over the same period last year with 113.82%up, mainly because bank financial collected in the Period increased on a y-o-y basis.
3. Net cash flow arising from financing activity: an increase of 136,829,906.32 Yuan over the same period last year with 31.03% up,mainly because the net external financing amount increased on a y-o-y basis.
4. Net increase of cash and cash equivalent: an increase of 904,731,359.98 Yuan over the same period last year with 93.38% up,mainly because the net cash flow arising from operation activity, investment activity and financing activity are increased in thePeriod.II. Progress of significant events, their influences, and analysis and explanation of theirsolutions
√ Applicable □Not applicable
There are no other major events than major events in the following table.
Overview | Disclosure date | Query index for interim notice |
1. 55% equity of Xi’an Kanghong transfer through public listing by SEG Property | 4 July 2020 | Juchao website: http://www.cninfo.com.cn/(Resolution of the 10th extraordinary Meeting of 8th BOD and Notice on Planning on transfer 55% equity of Xi’an SEG Kanghong |
第 9 页 共 15 页Property Co., Ltd. through public listingby controlling subsidiary and withrelated transactions concerned )
Property Co., Ltd. through public listing by controlling subsidiary and with related transactions concerned ) | ||
17 July 2020 | Juchao website: http://www.cninfo.com.cn/(Notice on Replying the Letter of Concern from Shenzhen Stock Exchange) | |
4 August 2020 | Juchao website: http://www.cninfo.com.cn/ (Notice on the Assets Appraisal Report Obtained a Filed by Shenzhen SASAC-resulted by the equity transfer of controlling subsidiary) | |
7 August 2020 | Juchao website: http://www.cninfo.com.cn/ ( Resolution of the 4th extraordinary shareholders general meeting of 2020) | |
2.Litigation of SEG New City and relevant progress | 10 July 2020 | Juchao website: http://www.cninfo.com.cn/ (Notice on Release of Seizure for part of the Property from controlling sub-subsidiary) |
12 August 2020 | Juchao website: http://www.cninfo.com.cn/ (Notice on Receiving the ‘Enforcement Ruling’ and ‘Notice to Assist in Enforcement’ by subordinate enterprise) | |
16 September 2020 | Juchao website: http://www.cninfo.com.cn/ (Notice on Litigation Progress of the controlling sub-subsidiary) | |
23 October 2020 | Juchao website: http://www.cninfo.com.cn/(Announcement on Receipt of the “Notice of Additional Third Party” by subordinate consolidated enterprises) | |
3. Progress of the free transfer of state-owned property rights | 23 May 2020 | Juchao website: http://www.cninfo.com.cn/ ( Indicative Announcement on Free Transfer of State-owned Property Rights) |
14 August 2020 | Juchao website: http://www.cninfo.com.cn/ ( Progress of |
第 10 页 共 15 页the Free Transfer of State-ownedProperty Rights)
the Free Transfer of State-owned Property Rights) | ||
4. Adjustment of the development strategy committee members for 8th BOD | 25 August 2020 | Juchao website: http://www.cninfo.com.cn/ ( Resolution of 3rd session of 8th BOD) |
5. Reducing the stock of Shenzhen Huakong SEG Co., Ltd. | 10 September 2020 | Juchao website: http://www.cninfo.com.cn/ (Resolution of the 12th extraordinary Meeting of 8th BOD and Notice on Reducing the Stock of Shenzhen Huakong SEG Co., Ltd. held by the Company) |
26 September 2020 | Juchao website: http://www.cninfo.com.cn/ ( Resolution of the 5th extraordinary shareholders general meeting of 2020) | |
6. Reducing the stock of Shenzhen Huakong SEG Co., Ltd. | 4 March 2020 | Juchao website: http://www.cninfo.com.cn/ ( Notice on Reducing the Stock of Shenzhen Huakong SEG Co., Ltd. held by the Company) |
16 May 2020 | Juchao website: http://www.cninfo.com.cn/ ( Progress of Reducing the Stock of Shenzhen Huakong SEG Co., Ltd. held by the Company) | |
29 June 2020 | Juchao website: http://www.cninfo.com.cn/ ( Progress of Reducing the Stock of Shenzhen Huakong SEG Co., Ltd. held by the Company) | |
29 September 2020 | Juchao website: http://www.cninfo.com.cn/ ( Implementation of Reducing the Stock of Shenzhen Huakong SEG Co., Ltd. held by the Company) | |
7. Further implementation of rent reduction and exemption in response to the COVID-19 | 29 September 2020 | Juchao website: http://www.cninfo.com.cn/ (Resolution of the 13th extraordinary Meeting of 8th BOD and Notice on further implementation of rent reduction and exemption in response to the COVID-19 and some exemption objects involve |
第 11 页 共 15 页
related transactions)
Progress of shares buy-back
□Applicable √Not applicable
Implementation progress of the reduction of repurchases shares by centralized bidding
□Applicable √Not applicable
III. Commitments that the actual controller, shareholders, related parties, purchaser andthe company have fulfilled during the reporting period and have not yet fulfilled by the end ofreporting period
√ Applicable □ Not applicable
related transactions)Commitment
Commitment | Made by | Type | Content | Time | Duration | Fulfillment |
Commitment for share reform | Not applicable | |||||
Commitments in the Acquisition Report and the Report of Changes on Equity | Not applicable | |||||
Commitments made during major assets restructuring | Shenzhen SEG Group Co., Ltd | Other commitment | Relevant renewal matters of the three buildings (SEG Industry Building, SEG Economic Building and Kangle Industry Building) found more in item 17 of the “13. Commitments made by the parties with the transaction concerned” under “Major Matters” contain in the Notice (Shares Issuance and Pay Cash to Purchase Assets and Raise Supporting Funds & Report on Related Transactions (Revised)) released on Juchao Website dated January 18th 2017. | 3 August 2016 | Long-term effective | Extended performance |
Commitment made at the time of initial public offerings or refinancing | Not applicable | |||||
Commitment on equity incentives | Not applicable | |||||
Other | Not |
第 12 页 共 15 页
commitmentsmade to small andmedium-sizedshareholders ofthe Company
commitments made to small and medium-sized shareholders of the Company | applicable | |
Commitments fulfilled as scheduled or not | No | |
If commitments are not fulfilled as scheduled, specify the reasons and further work plans | The Company has applied for extension of the license for the said property after expiration and submitted application materials to the relevant competent authority for approval. Up to now, there has been no loss to the listed company caused by the matter, and there is no need for SEG group to compensate. |
IV. Financial asset investment
1. Particular about security investment
√ Applicable □Not applicable
In RMB
Variety of securities | Code of securities | Short form of securities | Initial investment cost | Accounting measurement model | Book value at the beginning of the period | Changes in fair value of the current profit and loss | Cumulative fair value changes in equity | Current purchase amount | Current sales amount | Profit and loss in the Reporting Period | Book value at the end of the period | Accounting subject | Source of stock |
Domestic and overseas shares | 600778 | Youhao Group | 90,405.00 | Measured by fair value | 329,508.69 | -22,452.71 | 0.00 | 0.00 | 0.00 | 307,055.98 | Other assets | Self-owned capital | |
Domestic and overseas shares | 000068 | Huakong SEG | 171,769,894.20 | Measured by fair value | 131,907,396.90 | -145.78 | 0.00 | -4,427,061.08 | -12,048,941.83 | 124,285,370.37 | Other assets | Self-owned capital |
第 13 页 共 15 页
Domesticandoverseasshares
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 | Other assets | Self-owned capital | ||
Total | 180,135,620.63 | -- | 145,752,298.42 | 0.00 | -22,598.49 | 0.00 | -4,427,061.08 | -12,048,941.83 | 138,107,819.18 | -- | -- | ||
Disclosure date of securities investment approval from the Board | |||||||||||||
Disclosure date of the announcement on approval of securities investments by the General Meeting (if applicable) |
2. Particulars about derivatives investment
□ Applicable √ Not applicable
The Company had no derivatives investment in Period.
V. Progress of investment projects with raised funds
□ Applicable √ Not applicable
VI. Prediction of 2020 business performanceEstimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or thewarning of its material change compared with the corresponding period of the last year and explanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Trust financing
√ Applicable □Not applicable
In 10 thousand Yuan
第 14 页 共 15 页
Type
Type | Capital resources | Amount for entrust | Balance un-expired | Overdue amount |
Bank financing product | Self-owned capital | 81,821.1 | 74,181.1 | 0 |
Total | 81,821.1 | 74,181.1 | 0 |
Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed:
□ Applicable √ Not applicable
Entrust financial expected to be unable to recover the principal or impairment might be occurred
□ Applicable √ Not applicable
IX. Guarantee outside against the regulation
□Applicable √Not applicable
The Company had no guarantee outside against the regulation in the reporting period.X. Non-operational fund occupation from controlling shareholders and its related party
□ Applicable √ Not applicable
The Company had no non-operational fund occupation from controlling shareholders and its related party.
XI. Registration form of receiving research, communication and interview in the reportperiod
√ Applicable □Not applicable
Reception time | Reception location | Reception way | Reception object type | Reception object | The main content of the discussion and the information provided | Index of the basic situation of the survey |
July 13, 2020 | The Company | Telephone communication | Personal | Investors | Ask the number of shareholders | / |
July 16, 2020 | The Company | Telephone communication | Personal | Investors | Ask about company announcement | / |
July 17, 2020 | The Company | Telephone communication | Personal | Investors | Understand the company's strategic development | / |
第 15 页 共 15 页July 21, 2020
July 21, 2020 | The Company | Telephone communication | Personal | Investors | Ask the number of shareholders | / |
August 3, 2020 | The Company | Telephone communication | Personal | Investors | Ask the number of shareholders | / |
August 19, 2020 | The Company | Telephone communication | Personal | Investors | Ask about the company's operations | / |
August 25, 2020 | The Company | Telephone communication | Personal | Investors | Understand the company's strategic development | / |
August 26, 2020 | The Company | Telephone communication | Personal | Investors | Ask about the company's stock price | / |
August 28, 2020 | The Company | Telephone communication | Personal | Investors | Ask about the company's stock price | / |
August 31, 2020 | The Company | Telephone communication | Personal | Investors | Ask about the company's stock price | / |
August 31, 2020 | The Company | Telephone communication | Personal | Investors | Ask about the company's stock price | / |
August 31, 2020 | The Company | Telephone communication | Personal | Investors | Ask about the business development | / |
September 7, 2020 | The Company | Telephone communication | Personal | Investors | Ask about the company's stock price | / |
September 25, 2020 | The Company | Telephone communication | Personal | Investors | Ask about the business development | / |
September 29, 2020 | The Company | Telephone communication | Personal | Investors | Ask about company announcement | / |