Full Text of 2016 Q1 Report of Shenzhen SEG Co., Ltd.
Shenzhen SEG Co., Ltd.
2016 Q1 Report
April 2016
Full Text of 2016 Q1 Report of Shenzhen SEG Co., Ltd.
Chapter 1 Important Notes
The Board of Directors and Board of Supervisors of the Company, its
directors, supervisors and senior executives shall guarantee the authenticity,
accuracy, and completeness of the quarterly report and no existence of false
record, misleading statement or major omission, and shall assume individual
and/or joint liabilities.
All the directors have attended this board meeting reviewing the quarterly
report.
Wang Li, 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 (accountant in charge) hereby declare that the Financial
Statements enclosed in this annual report are true, accurate and complete.
Full Text of 2016 Q1 Report of Shenzhen SEG Co., Ltd.
Chapter 2 Change of the Major Financial Data and Shareholders
I. Main accounting data and financial indexes
Are retrospective adjustments made to previous financial statements due to accounting policy changes or accounting errors?
□ Yes √ No
The same period of the Year-on-year
The current report period
previous year increase/decrease
Operating revenue (Yuan) 191,126,945.65 191,029,218.56 0.05%
Net profit attributable to the listed
17,696,110.04 21,348,553.12 -17.11%
company shareholders (Yuan)
Net profit attributable to the listed
company shareholders after deducting 17,623,939.70 21,168,892.76 -16.75%
non-recurring gains and losses (Yuan)
Net cash flow arising from operating
-30,744,760.42 -37,829,627.54 -18.73%
activities (Yuan)
Basic EPS (Yuan/share) 0.0225 0.0272 -17.28%
Diluted EPS (Yuan/share) 0.0225 0.0272 -17.28%
Weighted average ROE 1.19% 3.80% -2.61%
End of the current report Year-on-year
End of the previous year
period increase/decrease
Total assets (Yuan) 2,610,757,891.93 2,614,660,524.37 -0.15%
Net assets attributable to the listed
1,492,743,790.64 1,475,126,229.16 1.19%
company shareholders (Yuan)
Item and amount of non-recurring profit and loss
√ Applicable □ Not applicable
Unit: Yuan
Amount from the year
Item beginning to the report period Remarks
end
Gains and losses on non-current asset disposal (including the
-8,185.25
written off depreciation reserves for accrued assets)
1. Special Fund for Wujiang
Government subsidies recorded into current gains and losses District Service Industry
(except those closely related with corporate business and enjoyed 67,814.06 Development acquired by the
according to national standards or certain quota) owned Wujiang SEG Electronics
Market Management Co., Ltd.
Full Text of 2016 Q1 Report of Shenzhen SEG Co., Ltd.
from Suzhou Wujiang District
Finance Bureau
2. The subsidies for SEG
E-commerce Transaction
Platform issued by the Economic,
Trade and Information
Commission of Shenzhen
Municipality confirmed by
Shenzhen SEG Ecommerce Co.,
Ltd controlled by the Company
within this report period
Other non-operating income and expenses except the
134,145.24
above-mentioned items
Less: Amount affected by income tax 48,443.51
Amount of influence of minority shareholders’ equity (after tax) 73,160.20
Total 72,170.34 --
An explanation shall be made with regard to the Company's considerations for defining non-recurring profit and loss according to the
Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public — Non-recurring
Profit and Loss and the reason of classifying the non-recurring profit and loss listed in this announcement as recurring.
□ 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.
II. Total number of shareholders and shareholding information of top 10 shareholders at the
end of the report period
1. Number of ordinary shareholders and preferred shareholders with restored voting right and
shareholding information of the top 10 shareholders
Unit: share
Total preferred shareholders
Total ordinary shareholders at the
83,637 with restored voting rights at
end of the report period
the end of the report period
Shareholding information of the top 10 shareholders
Quantity of Information about pledged or frozen
Name of Nature of Shareholding Quantity of
restricted shares shares
shareholder shareholder percentage shares held
held Status Quantity
Shenzhen
State-owned legal
Electronics 30.24% 237,359,666
person
Group Co., Ltd.
Full Text of 2016 Q1 Report of Shenzhen SEG Co., Ltd.
Domestic natural
Liu Guocheng 0.85% 6,691,302
person
Domestic natural
Liu Guohong 0.43% 3,357,258
person
Domestic natural
Zeng Ying 0.42% 3,300,000
person
Overseas natural
Gong Qianhua 0.37% 2,940,000
person
Domestic natural
Liu Xuxia 0.32% 2,481,701
person
China Securities
Domestic
Finance
non-state-owned 0.29% 2,271,900
Corporation
legal person
Limited
Bank of China
Limited —
Southern Industry
Others 0.25% 2,000,000
Vigor Stock-type
Securities
Investment Fund
Bank of
Communications
Co., Ltd. — AXA
SPDB Growth
Others 0.25% 2,000,000
Power
Mixed-type
Securities
Investment Fund
Overseas legal
NORTH BANK 0.24% 1,890,226
person
Shareholding information about the top 10 shareholders enjoying unrestricted sales
Type of share
Name of shareholder Quantity of unrestricted shares held
Type of share Quantity
RMB ordinary
Shenzhen SEG Group Co., Ltd. 237,359,666 237,359,666
share
Domestically
Liu Guocheng 6,691,302 listed foreign 6,691,302
share
Domestically
Liu Guohong 3,357,258 3,357,258
listed foreign
Full Text of 2016 Q1 Report of Shenzhen SEG Co., Ltd.
share
Domestically
Zeng Ying 3,300,000 listed foreign 3,300,000
share
Domestically
Gong Qianhua 2,940,000 listed foreign 2,940,000
share
RMB ordinary
Liu Xuxia 2,481,701 2,481,701
share
China Securities Finance RMB ordinary
2,271,900 2,271,900
Corporation Limited share
Bank of China Limited — Southern
RMB ordinary
Industry Vigor Stock-type Securities 2,000,000 2,000,000
share
Investment Fund
Bank of Communications Co., Ltd.
— AXA SPDB Growth Power RMB ordinary
2,000,000 2,000,000
Mixed-type Securities Investment share
Fund
Domestically
NORTH BANK 1,890,226 listed foreign 1,890,226
share
Shenzhen SEG Group Co., Ltd has no associated relationship with other shareholders, nor is a
Note on the association relationship
concerted action unit as described in the Management Methods for Disclosure of Information
or concerted action among the
on Changes of Shareholding Status of Shareholders of Listed Companies. It is unknown
above-mentioned shareholders
whether other shareholders share an associated relationship or are concerted action units.
Note on the top 10 ordinary Among the above-mentioned top 10 shareholders, Liu Xuxia holds 0 shares of the Company
shareholders' participation in in her ordinary account and 2,481,701 shares in the securities margin trading investor's credit
securities margin trading (if any) account, holding a total of 2481,701 shares of the Company.
Whether the top 10 ordinary shareholders of the Company and/or the top 10 ordinary shareholders of non-restricted shares conducted
any agreed repurchase transactions in the report period
□ Yes √ No
The top 10 ordinary shareholders of the Company and/or the top 10 ordinary shareholders of non-restricted shares did not conduct
any agreed repurchase transactions in the report period.
2. Total preferred shareholders and shareholding information of the top 10 preferred shareholders
□ Applicable √ Not applicable
Full Text of 2016 Q1 Report of Shenzhen SEG Co., Ltd.
Chapter 3 Significant Events
I. Particulars of and explanations on changes of main accounting statement items and
financial indicators in the report period
√ Applicable □ Not applicable
Unit: Yuan
(I) Consolidated Balance Sheet Item
Item Closing balance Opening balance Difference Increase/decrease
from the previous
year (%)
Prepayment 71,343,054.38 129,044,887.26 -57,701,832.88 -44.71%
Construction in progress 420,984.13 140,810.00 280,174.13 198.97%
Other non-current assets 5,103,811.14 -5,103,811.14 -100.00%
Advances from customer 129,451,468.57 190,430,121.05 -60,978,652.48 -32.02%
Payroll payable 11,174,380.18 21,849,134.16 -10,674,753.98 -48.86%
Taxes payable 52,242,911.13 34,645,030.07 17,597,881.06 50.79%
Interest payable 516,758.34 -516,758.34 -100.00%
1. Prepayment: RMB 577 million decrease from the beginning balance, a decrease of 44.71%, which is mainly because the
owned subsidiary Shenzhen SEG E-Commerce Co., Ltd (51% of its stocks held by the Company, hereinafter referred to as \"SEG
E-commerce\") decreased its prepayment. As of the disclosure date of the report, the Board of Directors passed the Proposal of
Transferring 51% Held Shares of SEG E-commerce. To complete the equity transfer, SEG E-commerce repaid RMB 45 million of
debts to the Company. As a result, SEG E-commerce contracted its supply chain business and cut the relevant prepayment accounts.
2. Construction in progress: RMB 280,000 increase over the beginning balance, an increase of 198.97%, which is mainly
because the Company's project of changing central air-conditioning has not yet been completed during the report period.
3. Other current assets: RMB 5.10 million decrease from the beginning balance, a decrease of 100.00%. The decrease is mainly
because of the carry-over completed within the report period of related asset projects of the prepaid software and project funds in the
previous year.
4. Advances from customer: RMB 60.98 million decrease from the beginning balance, a decrease of 32.2%, which is mainly
because SEG E-commerce contracted its e-commerce business and thus made the advances from supply chain business drop.
5. Payroll payable: RMB 10.67 million short of the beginning balance, a decrease of 48.86%, which is mainly because part of the
