Full text of 2014 Semi-annual Report of Shenzhen SEG Co., Ltd.
2014 Semi-annual Report of Shenzhen SEG Co., Ltd.
2014-053
August 2014
Full text of 2014 Semi-annual Report of Shenzhen SEG Co., Ltd.
Chapter 1 Important Notice, Contents, and Definitions
The Board of Directors, the Board of Supervisors, the directors, the supervisors,
and the senior executives guarantee that the content of this semi-annual report is
authentic, accurate, and complete, and that it has no false records, misleading
statements or major omissions, and they will assume the individual and joint
legal liabilities.
In addition to all the directors, other directors have personally attended this board meeting
reviewing the semi-annual report.
Name of director not Post of director not Cause for not personal Name of attorney
personally attended personally attended attendance
Zhang Guangliu Director Travel on business Wang Li
Ye Jun Director Travel on business Zhu Longqing
Shenzhen SEG Co., Ltd. plans not to distribute cash dividends and bonus shares or convert
the capital reserves into share capital.
Wangli, the person in charge of the Company, Liu Zhijun, the person in charge of the
accounting work, and Ying Huadong, the person in charge of the accounting institution (the
persons in charge of accounting) state that they guarantee authenticity, accuracy, and
completeness of the financial statements in this semi-annual report.
The financial reports in this report have not been audited.
This report is prepared in two languages, i.e. Chinese language and English language. In case
any different meanings arise from understanding these two versions, the version in Chinese
language will prevail.
Full text of 2014 Semi-annual Report of Shenzhen SEG Co., Ltd.
CONTENTS
Chapter 1 Important Notice, Contents and Definitions ............................................................................................................................2
Chapter 2 Company Profile .....................................................................................................................................................................5
Chapter 3 Summary of Accounting Data and Financial Indexes .............................................................................................................6
Chapter 4 Report of The Board of Directors ............................................................................................................................................9
Chapter 5 Important Matters..................................................................................................................................................................26
Chapter 6 Changes in Share Capital and Information of Shareholders ..................................................................................................38
Chapter 7 Relative Information of the Preferred Shares ........................................................................................................................42
Chapter 8 Information of Directors, Supervisors, and Senior Executives..............................................................................................43
Chapter 9 Financial Reports ..................................................................................................................................................................44
Chapter 10 Reference Document List ....................................................................................................................................................44
Full text of 2014 Semi-annual Report of Shenzhen SEG Co., Ltd.
Definitions
Definition Refers to Description
This Company, the Company Refers to Shenzhen SEG Co., Ltd.
SEG Group Refers to Shenzhen SEG Group Co., Ltd.
Huakong SEG Refers to Shenzhen Huakong SEG Co., Ltd.
SEG Baohua Refers to Shenzhen SEG Baohua Enterprise Development Co., Ltd.
Xi'an SEG Refers to Xi’an SEG Electronics market Co., Ltd.
Suzhou SEG Refers to Suzhou SEG Electronics market Management Co., Ltd.
Xi'an Hairong SEG Refers to Xi’an Hairong SEG Electronics market Co., Ltd.
Nanjing SEG Refers to Shenzhen SEG Electronics Market Management Co., Ltd.
Shanghai SEG Refers to Shanghai SEG Electronics market Operation Management Co., Ltd.
Nantong SEG Refers to Nantong SEG Times Square Management Co., Ltd.
Changsha SEG Refers to Changsha SEG Development Co., Ltd.
Mellow Orange Hotel Refers to Shenzhen Mellow Orange Business Hotel Management Co., Ltd
Longgang SEG Refers to Shenzhen SEG Electronics Market Management Co., Ltd.
SEG Industry Refers to Shenzhen SEG Industrial Investment Co., Ltd.
SEG E-Commerce Refers to Shenzhen SEG E-Commerce Co., Ltd.
SEG Credit Refers to Shenzhen SEG Credit Co., Ltd.
SEG Navigations Refers to Shenzhen SEG GPS Scientific Navigations Co., Ltd.
Wujiang SEG Refers to Wujiang SEG Electronics market Management Co., Ltd.
Shunde SEG Refers to Fushan Shunde SEG Electronics Market Management Co., Ltd
Wuxi SEG Refers to Wuxi SEG Electronics Market Co., Ltd
Yantai SEG Refers to Yantai SEG Times Square Development Co., Ltd.
Zhengzhou SEG Refers to Zhengzhou SEG Digital Plaza Management Co., Ltd.
Nantong SEG Operation Company Refers to Nantong SEG Commercial Operation Management Co., Ltd.
SEG Hi-tech Refers to Shenzhen SEG Hi-tech Investment Co., Ltd.
SEG Logistics Refers to Shenzhen SEG Logistics Co., Ltd.
An integrated information platform for market management with the
SEG Universal Refers to functions of access control management, micro-payment, query system
and information distribution and so on.
Youhao Group Refers to
Full text of 2014 Semi-annual Report of Shenzhen SEG Co., Ltd.
Definition Refers to Description
Xinjiang Youhao (Group) Co., Ltd.
State-owned Assets Supervision and Administration Commission of
Shenzhen SASAC Refers to
Shenzhen Municipality
CSRC Refers to China Securities Regulatory Commission
Shenzhen Securities Regulatory Bureau of China Securities Regulatory
Shenzhen Securities Regulatory Bureau Refers to
Commission
The Articles of Association Refers to The Articles of Association of Shenzhen SEG Co., Ltd.
Unless otherwise specified, the amount referred
Refers to Amount in CNY
to in this report
Chapter 2 Company Profile
I. Company Profile
Stock abbreviation Shenzhen SEG, Shenzhen SEG B Stock code 000058, and 200058
Listed on Shenzhen Stock Exchange
Company name in Chinese 深圳赛格股份有限公司
Company name in English (if
SHENZHEN SEG CO,.LTD.
any)
Legal representative Wang Li
II. Contact Information
Secretary of the Board of Directors Securities affairs representative
Name Zheng Dan Zhang Xin
31F, Block A, Qunxing Square, Huaqiang 31F, Block A, Qunxing Square, Huaqiang
Contact address
Road (N), Futian District, Shenzhen Road (N), Futian District, Shenzhen
Phone 0755-83747939 0755-83747939
Fax 0755-83975237 0755-83975237
E-mail segcl@segcl.com.cn segcl@segcl.com.cn
Full text of 2014 Semi-annual Report of Shenzhen SEG Co., Ltd.
III. Other Information
1. Contact information of the Company
Whether the registered address, office address and its zip code, website, and e-mail address of the Company are changed in the report
period
□ Applicable √ Not applicable
No changes of the registered address, office address and its zip code, website, and e-mail address of the Company in the report
period, please refer to the annual report 2013 happen.
2. The place where the information is disclosed and prepared
Whether the place where the information is disclosed and prepared is changed in the report period
□ Applicable √ Not applicable
In the report period, the name of the newspaper designated by the Company to disclose information, the URL of the website
designated by China Securities Regulatory Commission to publish the semi-annual report, and the place where the semi-annual report
of the Company is prepared are not changed. For details, please refer to the annual report 2013.
3. Change of the registration information
Whether the registration information is changed in the report period
□ Applicable √ Not applicable
The time and place of registration, the registration number of the Business License for Enterprises as Legal Person, the tax
registration number, and the organization code are not changed in the report period. For details, please refer to the annual report
2013.
Chapter 3 Summary of Accounting Data and Financial Indexes
I. Major Accounting Data and Financial Indexes
Are retrospective adjustments made by the Company to previous financial statements due to accounting policy changes or accounting
errors?
□ Yes √ No
The same period of the Year-on-year
This report period
previous year increase/decrease
Operating revenue (CNY) 316,141,381.01 279,848,108.59 12.97%
Net profit attributable to shareholders of
37,645,842.28 39,674,066.28 -5.11%
the listed company (CNY)
Net profit attributable to shareholders of
the listed company after deduction of 36,738,936.70 38,889,949.37 -5.53%
non-recurring gains and losses (CNY)
Full text of 2014 Semi-annual Report of Shenzhen SEG Co., Ltd.
The same period of the Year-on-year
This report period
previous year increase/decrease
Net cash flow arising from operating
-104,382,196.59 -60,697,293.78 -71.97%
activities (CNY)
Basic EPS (CNY/Share) 0.0480 0.0506 -5.14%
Diluted EPS (CNY/Share) 0.0480 0.0506 -5.14%
Weighted average ROE 2.97% 3.26% -0.29%
Amount at end of the report Amount at end of the Year-on-year
period previous year increase/decrease
Total assets (CNY) 2,486,156,634.68 2,134,940,597.85 16.45%
Net assets attributable to shareholders of
1,287,821,734.07 1,250,224,375.08 3.01%
the listed company (CNY)
II. Differences in Accounting Data under Chinese and Overseas Accounting Standards
1. Differences in net profit and net assets reported in the financial reports disclosed under international
accounting standards and Chinese accounting standards
□ Applicable √ Not applicable
In the report period, the Company’s net profits and net assets have no differences in the financial reports disclosed based on both the
international and the Chinese accounting standards.
2. Differences in net profits and net assets reported in the financial reports disclosed under overseas
accounting standards and Chinese accounting standards
□ Applicable √ Not applicable
In the report period, the Company’s net profits and net assets have no differences in the financial reports disclosed based on both the
overseas and the Chinese accounting standards.
III. Items and amount of non-recurring gains and losses:
√ Applicable □ Not applicable
Unit: CNY
Item Amount Remarks
Gains and losses on disposal of non-current assets
15,288.75 Gains on disposal of fixed assets
(including the write-off of assets depreciation reserves)
The service industry development fund from the
Government subsidies recorded into current gains and
Bureau of Finance of Nantong, the Economy,
losses (except those closely related with corporate
693,467.78 and the special funds for setting up online SEG
business and enjoyed according to national standards or
electronics market and SEG E-Commerce
certain quota)
platform from the Trade and Information
Full text of 2014 Semi-annual Report of Shenzhen SEG Co., Ltd.
Item Amount Remarks
Commission of Shenzhen were acquired.
Transferred-back impairment provision for accounts
receivable, for which separate impairment tests are 11,420.00
carried out
Other non-operating income and expenses except the Liquidated damages from defaulting tenants
401,613.38
above-mentioned items were collected.
Less: Amount of income tax affected 52,102.04
Amount of influence of minority shareholders’
162,782.29
equity (after tax)
Total 906,905.58 --
Please explain the reasons why the Company defines the non-recurring profit and loss items defined or listed by Interpretive Bulletin
No. 1 on Information Disclosure by Companies Publicly Issuing Securities — Non-recurring Gains and Losses as recurring profit
and loss items.
□ Applicable √ Not applicable
In the report period, it does not happen that the Company defines the non-recurring profit and loss items defined or listed by
Interpretive Bulletin No. 1 on Information Disclosure by Companies Publicly Issuing Securities — Non-recurring Gains and Losses
as recurring profit and loss items.
Full text of 2014 Semi-annual Report of Shenzhen SEG Co., Ltd.
Chapter 4 Report of the Board of Directors
I. Overview
In the context of declining macro-economic growth in China, the Company in the report period adhered to the
operation concept of ―stabilizing the foundation, focusing on priorities, and changing development paths‖,
continued pushing transformation and upgrade of strategic business, constantly intensified independent innovation,
and proactively explored a wide range of business such as electronics markets, e-commerce, small loans, retail
terminals, and etc.
Facing shrinking electronics market industry, the Company actively adjusted and added new business and
introduced different types of business. With commercialization of the Internet, the Company enthusiastically
explored the right way to achieve Online To Offline (O2O) between the electronics market industry and
e-commerce. In the report period, the Company developed the project ―SEG Factory Store‖, trying to create a
compound business model of ―physical store + e-commerce + channel‖ through establishment of an e-commerce
platform, extension of wholesale channels and sale in physical stores. In the second half year of 2013, the
Company redefined its e-commerce as cross-border e-commerce, supply chain business and developed a SEG
network operation platform. By using the resources of physical SEG electronics markets, this platform can
provide tenants with all-around, one-stop supply chain service. In the report period, SEG Credit actively explored
the financing channels and achieved stable growth of business and loan quality. The retail terminal business of the
Company tends towards being diversified and differentiated. The self-built Nantong SEG Times Square will open
its sales office to the public on June 28, 2014, and the investment attr
