Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd
Shenzhen SEG Co., Ltd.
2017 Annual Report
2018-028
April 2018
Full Text of 2017 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 annual report is authentic, accurate, and complete, and
that it has no false records misleading statements or major omissions and they commit to the
individual and joint legal liabilities.
Chairman of the Board of Directors Chen Huijie, the Chief Financial Officer Liu Zhijun and
the responsible person of the accounting institution (Accountant in charge) Ying Huadong
hereby declare that the Financial Statements enclosed in this annual report are true,
accurate and complete.
All directors other than the following directors have attended this board meeting and
reviewed the annual report.
Position of director not
Name of director not present Reason for absence Name of proxy
present
Yu Qian Director For work Chen Huijie
Li Luoli Independent director For work Fan Zhiqing
Song Pingping Independent director For work Fan Zhiqing
The future plans, development strategies and other forward-looking statements mentioned in
the annual report do not constitute substantial commitments to investors of the Company.
Investors are advised to pay attention to investment risks.
According to the profit distribution plan deliberated and adopted by the meeting of the
Board of Directors, based on 1,235,656,249 share capital, the Company will distribute cash
dividend of RMB 0.55 (tax included) for every 10 shares and 0 bonus share (tax included) to
all shareholders, and will not transfer reserves into share capital.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
CONTENTS
Chapter 1 Important Notice, Contents, and Definitions ..........................................2
Chapter 2 Company Profile and Main Financial Indexes ........................................6
Chapter 3 Overview of Business ............................................................................... 11
Chapter 4 Management Discussion and Analysis ................................................... 14
Chapter 5 Important Matters ................................................................................... 46
Chapter 6 Changes in Share Capital and Information on Shareholders ............ 117
Chapter 7 Preferred Shares..................................................................................... 124
Chapter 8 Information on Directors, Supervisors, Senior Executives and Employees
Chapter 9 Corporate Governance ..........................................................................138
Chapter 10 Corporate Bonds .................................................................................. 153
Chapter 11 Financial Report ................................................................................... 154
Chapter 12 Documents Available for Reference .................................................... 154
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Definitions
Definition Refers to Description
This Company, the Company, the listed
Refers to Shenzhen SEG Co., Ltd.
company, Shen SEG
Shenzhen SEG Group Co., Ltd. Refers to Shenzhen SEG Group Co., Ltd.
Longgang SEG Refers to Shenzhen SEG Electronics Market Management Co., Ltd.
Suzhou SEG Refers to Suzhou SEG Electronics Market Management Co., Ltd.
Suzhou SEG Digital Refers to Suzhou SEG Digital Plaza Management Co., Ltd.
Shenzhen SEG Nanjing Electronics Market Management Co.,
Nanjing SEG Refers to
Ltd.
Xi'an SEG Refers to Xi'an SEG Electronics Market Co., Ltd.
Xi'an Hairong SEG Refers to Xi'an Hairong SEG Electronics Market Co., Ltd.
Changsha SEG Refers to Changsha SEG Development Co., Ltd.
Wujiang SEG Refers to Wujiang SEG Market Management Co., Ltd.
Wuxi SEG Refers to Wuxi SEG Electronics Market Co., Ltd.
Shunde SEG Refers to Shunde SEG Electronics Market Management Co., Ltd.
Nanning SEG Refers to Nanning SEG Digital Plaza Management Co., Ltd.
Shanghai SEG Refers to Shanghai SEG Electronics Market Co., Ltd.
SEG Baohua Refers to Shenzhen SEG Baohua Enterprise Development Co., Ltd.
SEG Industrial Refers to Shenzhen SEG Industrial Investment Co., Ltd.
SEG Credit Refers to Shenzhen SEG Credit Co., Ltd.
Nantong SEG Refers to Nantong SEG Times Plaza Management Co., Ltd.
Nantong SEG Operation Refers to Nantong SEG Commercial Operation Management Co., Ltd.
SEG Intelligent Refers to Suzhou SEG Intelligent Technology Co., Ltd.
SEG Investment Refers to Shenzhen SEG Investment Management Co., Ltd.
Shenzhen SEG Longyan New Energy Application and
Longyan Application Refers to
Development Co., Ltd.
SEG Longyan Technology Refers to Shenzhen SEG Longyan Energy Technology Co., Ltd.
Hangzhou SEG Longyan Refers to Hangzhou SEG Longyan Energy Technology Co., Ltd.
SEG Lianzhong Refers to Shenzhen SEG Lianzhong Internet Technology Co., Ltd.
SEG Zhongtong Refers to Shenzhen SEG Zhongtong Technology Co., Ltd.
SEG Real Estate Investment Refers to Shenzhen SEG Real Estate Investment Co., Ltd.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Definition Refers to Description
SEG Property Development Refers to Shenzhen SEG Property Development Co., Ltd.
SEG Recreation Refers to Shenzhen SEG Recreation Enterprise Development Co., Ltd.
SegMaker Refers to Shenzhen SegMaker Co., Ltd.
SEG Property Management Refers to Shenzhen SEG Property Management Co., Ltd.
SEG New Urban Refers to Shenzhen SEG New Urban Construction Development Co., Ltd.
SEG Yicheng Refers to Shenzhen SEG Yicheng Science and Technology Co., Ltd.
SEG Real Estate, SEG Property Development, SEG Recreation
Target companies Refers to
and SegMaker that major assets are injected into
Xi'an SEG Kanghong Refers to Xi'an SEG Kanghong Real Estate Co., Ltd.
Huizhou Stars Refers to Huizhou Stars Real Estate Development Co., Ltd.
Beijing SEG Refers to Beijing SEG Property Development Co., Ltd.
SEG Wisdom Refers to SEG Wisdom Sports and Culture Development Co., Ltd.
Mellow Orange Hotel Refers to Shenzhen Mellow Orange Business Hotel Management Co., Ltd
Maker Hotel Refers to SEG Maker Hotel Management Co., Ltd.
Huakong SEG Refers to Shenzhen Huakong SEG Co., Ltd.
SEG Navigations Refers to Shenzhen SEG GPS Scientific Navigations Co., Ltd.
China International Consumer Electronics Exhibition/Exchange
CEEC Refers to
Center
Longyan Energy Technology Refers to Longyan Energy Technology (Hangzhou) Co., Ltd.
Wangyu Technology Refers to Shanghai Wangyu Information Technology Co., Ltd.
Shenzhen Zhonghai SEG Intelligent Parking Development Co.,
Zhonghai SEG Intelligent Parking Refers to
Ltd.
Tencent Refers to Shenzhen Tencent Computer System Co., Ltd.
Fujian Babycat Refers to Fujian Babycat Animation Technology Co., Ltd.
Zhuhai Zhongtong Refers to Zhuhai Zhongtong Lexing Network Technology Co., Ltd.
Allied eSports Refers to Tianjin Allied eSports Internet Technology Co., Ltd.
State-owned Assets Supervision and Administration Commission
Shenzhen SASAC Refers to
of Shenzhen Municipality
CSRC Refers to China Securities Regulatory Commission
Shenzhen Securities Regulatory Bureau of China Securities
Shenzhen Securities Regulatory Bureau Refers to
Regulatory Commission
Articles of Association Refers to Articles of Association of Shenzhen SEG Co., Ltd.
Unless otherwise specified, the amount referred
Refers to Amount in RMB
to in the report
Reporting period Refers to From January 1, 2017 to December 31, 2017
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Chapter 2 Company Profile and Main Financial Indexes
I. Basic Information
Stock abbreviation SHEN SEG, SHEN SEG B Stock code 000058, 200058
Changed stock abbreviation (if
None
any)
Listed on Shenzhen Stock Exchange
Company name in Chinese Shenzhen SEG Co., Ltd.
Company name in Chinese SHEN SEG
Company name in English (if
SHENZHEN SEG CO., LTD.
any)
Company name abbreviations
None
in English (if any)
Legal representative Chen Huijie
Registered address 31/F, Tower A, Stars Plaza, Huaqiang Road (N), Futian District, Shenzhen
Post code
Office address 31/F, Tower A, Stars Plaza, Huaqiang Road (N), Futian District, Shenzhen
Post code
Website http://www.segcl.com.cn
E-mail segcl@segcl.com.cn
II. Contact Information
Secretary of the Board of Directors Securities affairs representative
Name Peng Aiyun
31/F, Tower A, Stars Plaza, Huaqiang Road
Contact address
(N), Futian District, Shenzhen
Phone 0755-83747939
Fax 0755-83975237
E-mail segcl@segcl.com.cn
III. Information Disclosure and Filing Site
Media selected by the Company for information China Securities Journal, Securities Times, Securities Daily and Hong Kong
disclosure Commercial Daily
Website selected by CSRC for publishing the annual
http://www.cninfo.com.cn (Cninfo Website)
report
The place where the annual report is prepared and Secretary's Office of Board of Directors, 31/F, Tower A, Stars Plaza,
kept Huaqiang Road (N), Futian District, Shenzhen
IV. Changes in Registration Information
Organization code 91440300279253776E
Changes to business scope on July 6, 2005: Domestic commerce, goods supply and
sale (excluding commodities under special operation, control and sale), industrial
investment (licenses for specific projects shall be subject to application on a
Changes in main business since the
case-by-case basis), economic information consultancy, property lease, real estate
Company's listing (if any)
agency, and operation of SEG electronics markets (the license for the professional
market shall be further applied for).
Alteration of registration information on September 28, 2016: The business scope of
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
the Company is changed to investment in industrial projects (specific items to be
declared separately); operation and management of electronics markets; online trade;
Internet technology development; advertising business; housing leasing; sales of
computers, software, auxiliary equipment, and electronic products; cultural and artistic
exchange activity planning (excluding performances); exhibition activities; investment
in and management of children's industrial chain projects; children's playground
equipment leasing (excluding financial leasing activities); playground management and
services (limited to branch management); catering services (limited to branch
management); business management consulting; education consulting; wholesale and
retail of pre-packaged food, unpacked food, and dairy products (including infant
formula milk powder) (limited to branch management); sales of stationery, craft gifts,
toys, children's clothing, electronic products, handicrafts, and daily necessities;
photography services; technical development of new energy; EPC of photovoltaic
power generation and building integrated photovoltaic (BIPV) engineering; technical
development and services of CdTe film solar cell modules; investment in photovoltaic
power plants, contracting of BIPV curtain wall engineering; domestic trade (excluding
franchised goods, proprietary goods, and goods under special control). (Any item
subject to approval pursuant to laws can be operated only after approval.) Information
services (limited to Internet information services); sales of food; manufacturing and
sales of CdTe solar cell modules.
Changes in dominant stockholders (if any) None
V. Other Relevant Information of the Company
The accounting firm employed by the Company:
Name of the accounting firm Da Hua Certified Public Accountants (Special General Partnership)
Address of the accounting firm Room 1101, 11/F, Tower 7, No. 16 Block, Xisihuan Road (M), Haidian District, Beijing
Name of the certified public
Zhang Zhaocheng and Liu Guoping
accountant
The sponsor firm employed by the Company for fulfilling the duties of continuous supervision in the reporting
period:
□ Applicable √ Not applicable
The financial advisor employed by the Company for fulfilling the duties of continuous supervision in the
reporting period:
√ Applicable □ Not applicable
Office address of financial
Name of financial advisor Name of handler Continuous supervision period
advisor
China Merchants Securities Co., 38-45F, Jiangsu Building, Yitian Wang Xinlei, Luo Li (changed From March 2017 to December
Ltd. Road, Futian District, Shenzhen in April 2018)
VI. Main Accounting Data and Financial Indexes
Are retrospective adjustments made to previous financial statements?
√ Yes □ No
Reason for retrospective adjustments or restatement
According to the Approval on Shenzhen SEG Co., Ltd.'s Issuing Shares to Shenzhen SEG Group Co., Ltd. to
Acquire Assets and Raise Supporting Funds (Z. J. X. K. [2017] No. 21) issued by China Securities Regulatory
Commission (CSRC), the Company issued 450,857,239 shares to the controlling shareholder SEG Group to
acquire assets of four target companies. Such share issuance for asset acquisition is business combination under
common control. According to the Accounting Standards for Enterprises No. 20 – Business Combination, the
opening balance in the balance sheet statement and the amount incurred in the same period last year are subject
to retrospective adjustment.
Year-on-year
2017 2016 increase/decr
ease
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Before After After Before After
adjustment adjustment adjustment adjustment adjustment
1,981,307,55 672,384,276. 1,371,044,98 741,533,676.
Operating income (Yuan) 44.51% 1,812,676,97
8.23 47 2.11
9.61
Net profit attributable to
219,553,261. 107,560,213. 246,062,783. 74,242,090.4
shareholders of the listed -10.77% 176,302,276.
10 41 31
company (Yuan)
Net profit attributable to
shareholders of the listed
148,677,556. 29,705,359.6 22,248,698.5 84,931,560.6
company after deduction of 568.25% 67,551,197.9
32 3 9
non-recurring profit and loss
(Yuan)
Net cash flow arising from 507,386,549. -120,030,057 443,535,540. -12,453,523. -204,641,269
14.40%
operating activities (Yuan) 21 .68 78 82 .58
Basic EPS (Yuan/Share) 0.1777 0.1371 0.1991 -10.76% 0.0946 0.1427
Diluted EPS (Yuan/Share) 0.1777 0.1371 0.1991 -10.76% 0.0946 0.1427
Weighted average ROE 11.96% 7.11% 11.15% 0.81% 5.19% 8.24%
Year-on-year
End of 2016 increase/decr End of 2015
End of 2017 ease
Before After After Before After
adjustment adjustment adjustment adjustment adjustment
6,992,590,42 2,548,276,26 6,923,273,09 2,614,660,52
Total assets (Yuan) 1.00% 5,980,165,40
0.75 5.32 3.64 4.37
1.09
Net assets attributable to
1,917,228,37 1,548,200,64 2,412,301,07 1,475,126,22
shareholders of the listed -20.52% 2,129,168,59
0.15 7.55 0.04 9.16
company (Yuan) 9.26
VII. Differences in Accounting Data under Chinese and Overseas Accounting Standards
1. Differences in net profits and net assets reported in the financial statements disclosed under
international accounting standards and Chinese accounting standards
□ Applicable √ Not applicable
In the reporting period, the company's net profits and net assets have no differences in the financial report
disclosed based on both the international and the Chinese accounting standards.
2. Differences in net profits and net assets reported in the financial statements disclosed under
international accounting standards and Chinese accounting standards
□ Applicable √ Not applicable
In the reporting period, the company's net profits and net assets have no differences in the financial report
disclosed based on both the international and the Chinese accounting standards.
3. Reason for differences in accounting data under international accounting standards and Chinese
accounting standards
□ Applicable √ Not applicable
VIII. Major quarterly financial indexes
Unit: Yuan
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Operating income 264,775,121.17 1,124,185,810.84 264,775,121.17 1,124,185,810.84
Net profit attributable to shareholders of the 31,609,057.25 18,399,728.17 19,184,279.34 150,360,196.34
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
listed company
Net profit attributable to shareholders of the
listed company after deduction of 30,418,650.93 360,232.34 19,569,428.60 98,329,244.46
non-recurring profit and loss
Net cash flow from operating activities 44,232,089.23 48,893,189.51 187,037,443.86 227,223,826.61
Are there any significant differences between the financial indexes or their totals in the preceding table and those
described in the disclosed quarterly reports or annual reports?
□ Yes √ No
IX. Items and amount of non-recurring profit and loss:
√ Applicable □ Not applicable
Unit: Yuan
Item Amount of 2017 Amount of 2016 Amount of 2015 Remarks
Gains on reduction of
Profit or loss on disposal of non-current holding-shares of Huakong
assets (including the write-off of assets 54,066,201.12 89,459,793.78 -257,269.63 SEG and sales of the equity
depreciation reserves) of Wuxi SEG during the
reporting period.
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 6,416,623.72 9,828,264.76 980,956.24
according to national standards or certain
quota)
Fund appropriation charges for
non-financial entities recognized in 2,376,532.33 3,097,500.00 3,414,955.63
current profit or loss
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
15,843,427.61 9,844,238.42 15,188,228.82
management in proxy
Provision for impairment of assets due to
force majeure(such as natural disasters)
Profit or loss on debt restructuring
Corporate restructuring costs, such as
-1,439,958.00 0.00
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
10,632,970.71 197,406,948.04 127,043,092.65
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 and
trading financial liabilities and investment
income from disposal of trading financial
assets, trading financial liabilities and
available-for-sale financial assets apart
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Item Amount of 2017 Amount of 2016 Amount of 2015 Remarks
from valid hedging operations related to
business operation of the Company
Transferred-back impairment provision
for accounts receivable, for which 0.00 469,871.93
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 operation 143,444.42 188,679.24 200,000.00
Losses from litigation
Other non-operating income and expenses compensation of Hainan
8,349,713.60 -3,068,241.76 -13,043,897.59
except the above-mentioned items nanhai mingzhu real estate
and Furao eatate
Other items conforming to the definition
of non-recurring profit and loss
Subtotal 97,828,913.51 305,317,224.48 133,995,938.05
Less: Amount of affected income tax 24,815,042.12 21,534,040.30 5,819,109.22
Amount of influence of minority
2,138,166.61 59,969,099.47 19,425,749.98
shareholders' equity (after tax)
Total 70,875,704.78 223,814,084.72 108,751,078.85 --
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
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Chapter 3 Overview of Business
I. Main Business in the Reporting Period
Should the Company abide by the disclosure requirements of special industries?
No.
(I) Main business and operation model
In 2017, the Company has completed major assets restructuring, further improved the overall market size, share
and profitability, and promoted the transformation and upgrading of the original traditional business. In the major
assets restructuring, the Company purchased 100% of the equity of SegMaker, 55% of the equity of SEG
Recreation, 100% of the equity of SEG Property Development and 79.02% of the equity of SEG Real Estate held
by SEG Group by issuing shares and paying cashes to acquire assets (see the Report of Share Issuance and Cash
Payment to Acquire Assets and Raise Funds & Connected Transactions for details). On January 17, 2017, the
Company received the approval document on the major assets restructuring issued by the CSRC. In the reporting
period, the Company has completed asset transfer and issued 450,857,239 shares to SEG Group on March 6,
2017.
After restructuring, the main business of the Company has not changed substantially, including the development
and operation of electronics markets and supporting projects, property leasing and management services,
commercial real estate (industrial park) business, microcredit business, budget hotel business, trade and channel
business. Business model: On the basis of the electronics markets, commercial real estate (industrial parks),
marker business, and new energy business, the Company combines multiple business models, develops the
overall resource advantages, expands from operation of a single business platform to the content production and
operation, creates a business model combining multiple business types, including the maker ecosystem, culture
& education, intelligent technology, sports & entertainment, virtual experience, e-sports, financial services, and
construction and operation of industrial parks, and builds a new SEG industrial ecosystem. By innovation in the
business model, investment, M&A, the Company transforms itself into a platform for diversified strategic
emerging industries and becomes a leader in high-end manufacturing and services.
(II) Current situation of industries
1. Electronics market industry
Under the continuous impact of e-commerce, the traditional electronics market industry focuses on innovation in
the original business model: a. transforms from a single electronic trading platform to a complex business type
platform combining culture, science & technology, intelligence, sports, and financial services; b. transforms
enterprises engaged in electronics market operation from a single leasing role to platform operators and service
providers that integrate online and offline resources; c. supports innovative business based on the existing
electronics market business resource platform, and deploys full industry chains.
2. Commercial(industrial park) real estate industry
In recent years, in the context of economic policy stimulus, rapid growth of total retailing of social consuming
goods, and transformation of the traditional department stores, China's commercial real estate witnesses
continuous rapid development. At present, China's real estate market enters new normal. The government
becomes more rational and attaches more importance to market regulation and control. As the market
mechanism and the investor sentiment grow mature, commercial real estate will step into a rational and stable
development stage.
2. Maker industry
Relying on its advantages in the electronic component industry, Shenzhen has initially formed three maker
clusters, namely Qianhai, Citizens Center, and Huaqiangbei, and has full maker industry chains including the
maker space, venture capital, crowd funding platforms, incubators, and electronic supply chains. The
construction of the maker ecosystem is an important trend for economic transformation and upgrading of
Huaqiangbei. At present, the maker industry enters the stage of survival of the fittest, and equity investment
tends to be rational.
(II) Industrial position of the Company
Having been dedicated to the electronics market industry for nearly 30 years, the Company is the founder of the
electronics market operation model in China and a leader in the industry. The Company has established more than
20 electronics markets in China by means of direct operation, joint operation, and entrusted operation, has formed
an electronics market chain system covering Zhujiang River Delta and Yangtze River Delta and radiating the
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
whole country, and has gained high brand influence both at home and abroad.
II. Significant Changes in Main Assets
1. Significant Changes in Main Assets
Main assets Description of Significant Changes
In the reporting period, the equity increased by 4.08% year on year, mainly because
(1) In the reporting period, the Company contributed RMB 17,500,000 to Shenzhen
Zhonghai SEG Intelligent Parking Development Co., Ltd., accounting for 29.75% of its
Equity
equity.
(2) In the reporting period, the Company reduced 10,000,000 holding-shares of Huakong
SEG and the long-term equity investment of RMB 9,125,600.
In the reporting period, fixed assets increased by 19.94% year on year, mainly because
Fixed assets SEG Lianzhong purchased computers, broadcasting equipment, stages and LED systems
(RMB 11,914,100).
In the reporting period, intangible assets increased by 1087.08% year on year, mainly
Intangible assets because Shenzhen-Shantou Cooperation Zone SEG Longyan Energy Technology Co.,
Ltd. paid RMB 28,010,000 for the land use right in the reporting period.
In the reporting period, construction in progress increased by 93.42% year on year,
mainly due to (1) expenses incurred by renovation of Economic Building Huaqiang north
Shenzhen, Recreation Building, and SEG Industrial Building (RMB 20,060,000); (2)
Construction in progress expenses incurred by decoration of Skyland Museum of Yicheng Science and Technology
(RMB 4,175,800). (3)mainly because Shenzhen-Shantou Cooperation Zone SEG
Longyan Energy Technology Co., Ltd. Paid RMB 9,918,300 for consturction .
In the reporting period, prepayment decreased by 93.42% year on year, mainly because
Prepayment
SEG Industrial redused the prepayment of RMB 30,359,900.
In the reporting period, other non-current assets increased by 575.77% year on year,
Other non-current assets mainly because Shenzhen-Shantou Cooperation Zone SEG Longyan Energy Technology
Co., Ltd. paid RMB 91,709,300 for some equipment.
2. Main Overseas Assets
□ Applicable √ Not applicable
III. Analysis of the Core Competitiveness
Should the Company abide by the disclosure requirements of special industries?
No.
Shenzhen SEG Electronic Market operated by the Company is the founder of the electronics market operation
model in China, leading in the industry. It has won honorable titles successively including \"Five-star Market of
Electronic Products in China\", \"Most Influential Market in Shenzhen Special Area in 30 Years\", Top 10
Shenzhen Branded Markets \"Influential in China\", \"China's Top 10 Electronics Markets in 2016\", and \"China's
Electronics Market Operation Innovation Prize in 2016\". Dedicated to the electronics market for 30 years, the
Company has acquired abundant market merchant resources and mature market operation and management
experience. As of today, the Company has set up more than 20 electronics markets in China by means of direct
operation, joint operation and entrusted operation, has formed an electronics market chain system covering
Zhujiang River Delta and the Yangtze River Delta and radiating the whole country, has become the largest
comprehensive electronics market in China and even in Asia covering electronic components, digital IT and
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
communication products, and has gained high brand influence both at home and abroad.
For the past several years, the Company has been exploring, innovating in, and practicing electronics market
business transformation and upgrading based on the traditional main business. Faced with new consumption,
new channels, and new retail, the Company expands from operation of a single business platform to the content
production and operation, creates a business model combining multiple business types, including the maker
ecosystem, culture & education, intelligent technology, sports & entertainment, virtual experience, e-sports, and
financial services, builds a new SEG industrial ecosystem, and provides one-stop and comprehensive
consumption experience to consumers.
In the reporting period, the Company has completed major assets restructuring and is raising funds. After
restructuring, by asset injection into quality electronics markets, property management, and commercial real
estate, the Company has reduced horizontal competition to the maximum extent, enriched the business structure,
enhanced the profitability and core competitiveness of the listed company, and achieved strategic integration,
transformation and upgrading of the existing business.
At present, the Company has cooperated with Longyan Energy Technology, Wangyu Technology, Alibaba,
Fujian Babycat, Tencent, and Zhuhai Zhongtong in such new business fields as new energy, e-sports,
e-commerce, animation, and makers. The Company has promoted the transformation and upgrading of the
original business, developed new business, and achieved coordinated development of multiple business types.
The Company will develop diversified strategic emerging industries, high-end manufacturing, and services.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Chapter 4 Operation Discussion and Analysis
I. Overview
In 2017, the Company has completed major assets restructuring. Benefiting from injection of core property and
other business assets into the electronics market in Huaqiangbei area, the electronics market business size of the
Company has expanded, laying a solid foundation for further development. Benefiting from injection of
commercial real estate and property assets, the existing business of the Company will interwork. In this way, the
Company has further enhanced its core competitiveness and going-concern ability.
Facing fierce market competition and the continuous impact of e-commerce, the Company is dedicated to user
value, integrates resources, further expands the industrial chain, improves the service quality of electronics
markets, creates a complex business model, vigorously promotes transformation and upgrading of the electronics
market business, and continuously improves its operating capacity. At the same time, the Company actively
explores innovation programs involving new energy, e-sports, and makers, and transforms itself into a platform
for diversified strategic emerging industries. The Company develops the commercial real estate business
according to the diversified development strategy featuring \"real estate + culture + sports + finance +
technology\", integrates cultural real estate and sports real estate, enriches the content experience business types,
expands its development scale, and promotes its market position.
In the reporting period, the total revenue of the Company amounted to RMB 2,030,440,000 and increased by
39.11% year on year. The total profit amounted to RMB 1,428,260,000 and increased by 2.72% year on year.
The revenue and profit increased mainly because: (1) the income from property sales of SEG Real Estate
increased; (2) after centralizing core property resources of Huaqiangbei, the property lease and management
business made steady progress and the revenue and profit increased year on year.
II. Analysis of Main Business
1. Overview
Is it the same as the overview disclosed in operation discussion and analysis?
□ Yes √ No
After restructuring, the main business of the Company includes the development and operation of electronics
markets and supporting projects, property leasing services, commercial real estate (industrial park) business,
microcredit business, budget hotel business, and trade and channel business.
(I) Electronics market business and property leasing & management business
With the rapid development of multiple shopping channels and changes in consumer behaviors, the electronics
markets have been continuously impacted. In face of the difficulties, the Company actively transforms and
upgrades its existing electronics market business, and adopts a complex business model to create a
comprehensive electronics market where multiple business types co-exist. The Company also constantly
improves services, enhances communication with the government, and perfects the original business types so as
to ensure the Company's stable operating capacity and create new profit opportunities.
The Company has developed strategic cooperation with Allied eSports, Wangyu Technology and Fujian Babycat,
and has gradually expanded from operation of a single business platform to the content production and operation.
As of December 2017, the Company's e-sports and children’s amusement park projects have been running
steadily, and the transformation and development strategy have delivered results.
Operation of new projects in the reporting period:
Children's amusement park project: The park in Nantong branch store has been running steadily. The project
team has developed a new park in Longgang branch store which is to finish decoration, prepare devices and
apply for certificates.
Internet café and e-sports project: The \"Nantong Area Finals of the 2nd SEG E-Sports Suzhou-Nantong
Competition\" and \"Nantong Area Finals of the 3rd SEG E-Sports Suzhou-Nantong Competition\" have been
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
successfully held in the Nantong branch store. The Nantong branch store has also cooperated with Nantong TV
Station and local colleges to jointly host multiple e-sports events, including Nantong Tencent Hundreds of City
Tournament and Daluandou. The Suzhou branch store and Soochow University jointly held the first e-sports
competition of Soochow University.
SEG-OURGAME e-sports stadium: The e-sports stadium in Shenzhen branch store has completed construction
and fire inspection and is put into for trial operation. In September 2017, the stadium successfully held the
\"Overwatch Masters Cup\" China Finals which attracted thousands of scene audience and more than 1 million
online audience in two days. In October, the stadium successfully held \"CS:GO Urban Elite Competition\" as
authorized by Perfect World. In December, the stadium held \"QQ Space Arena of Valor Star Tournament\" jointly
with Tencent.
The property leasing services of the Company cover the property leasing business of its headquarters and
holding subsidiaries, including SEG Baohua, SEG Real Estate, SegMaker, SEG Recreation, and Nantong SEG
Business Operation Company. In the reporting period, the Company has improved its property management
capabilities and service quality, cut down costs and expenses, and attracted more investments. Thanks to these
effective operation measures, the occupancy rates of SEG Baohua and SEG Recreation properties maintain at
99%, and the overall performance of the property leasing services is stable.
SEG Business Apartment of SegMaker was transformed from Building 6 of SEG Court located in the metro
business district in Huaqiangbei and Huaqiangnan. Based on characteristics of the customer housing demands in
Huaqiangbei, SegMaker carried out the customer-based diversified operation strategy, renovated and improved
the hardware environment, introduced third-party service provider resources, and offered both short-term lease
and long-term lease. In this way, the customer loyalty is built, and the occupancy rate maintains at a high level.
Beijing SEG, a holding subsidiary of SEG Real Estate, rented the offices of Beijing Air China Property Hotel
Management Co., Ltd. Air China Plaza Branch located at Air China Plaza, No. 36, Xiaoyun Road, Chaoyang
District, Beijing. Beijing SEG intends to develop it into an operational service business center. It is the first
project that SEG Real Estate launched in North China and also an important step for business deployment across
the country. This will enhance the brand influence of SEG Real Estate.
In the reporting period, the operating income of electronics markets and property leasing and management
business amounted to RMB905,290,000, increasing by 9.23% year on year. The total profit amounted to RMB
195,590,100, slightly decreasing year on year, mainly because the Company has continuously promoted the
diversification, transformation and upgrading of electronics markets, brought in different industries in line with
the transformation goal with preferential policies while keeping the original business types, and increase
investment in new project development. As a result, the profit of the Company has decreased.
(II) Commercial real estate (industrial park) business
After restructuring, the real estate business of the Company is about the development, construction and operation
of urban complexes (industrial parks).
Development of the real estate business in the reporting period:
1. Nantong SEG Times Plaza project
Since its opening, Nantong SEG Times Plaza has improved the internal management quality and coordinated
resources for targeted investment attraction to continuously increase the customer flow and enhance the regional
influence and market value of SEG brand. In 2017, the Animation Industrial Park of Nantong SEG Times Plaza
received the special fund from Nantong municipal government. At the same time, as the original animation
products of the industrial park won the Best Works Award of Jiangsu, the influence of the animation industrial
park is enhanced. Engineering settlement audit: In the reporting period, the completion rate of the second audit
of Nantong SEG Times Plaza is 74% (based on the project cost ratio).
2. SEG New Urban Plaza (Phase II) project (SEG ECO Center)
SEG New Urban Plaza (Phase II) project is invested and developed by SEG New Urban, a holding subsidiary of
SEG Real Estate. This project is located at the intersection of Bulong Road and Lianzhong Road, Buji
Sub-district, Longgang District, Shenzhen. With a total development area of 108,000 m2, SEG New Urban Plaza
(Phase II) is an iconic complex project integrating 5A offices, regional flagship stores, entry lux business
apartments and business headquarters bases. The project won the title of \"Shenzhen Major Project\" and listed as
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
a key project in Guangdong as recommended by Development and Reform Commission of Shenzhen. As of
December 2017, the inspection and acceptance of the project has been completed.
3. Huizhou Stars SEG Holiday Plaza project
Huizhou Stars SEG Holiday Plaza is developed in three phases. As a commercial complex covering shopping,
leisure, catering, culture and entertainment, it is designed to be a life and fashion culture center. Currently, the
project is in development and construction of Phase I. The project covers 100,000 m2, comprising 5A offices and
experience-oriented commercial shopping center. 5A offices of SEG Holiday Plaza Phase I – SEG Building was
the best-selling offices in Huicheng District in 2015 and 2016. The commercial shopping center of SEG Holiday
Plaza was officially open on April 14, 2016.
By the end of December 2017, offices of SEG Holiday Plaza have almost been sold. Since opening, by
continuous marketing and promotions, optimization of the merchant structure, and improvement of the shopping
experience, SEG Holiday Plaza has become a community-based shopping center with the most distinctive
culture, leisure and entertainment features. In the reporting period, SEG Holiday Plaza Phase II is in progress.
4. Xi'an SEG Plaza project
This project is located on Gaoxin 6th Road, Hi-tech Zone, Xi'an. The project will bring in such business types as
electronic markets, leisure and entertainment, catering, finance, high-end offices and apartments, create a
professional office cluster with regional spin-off effect and a experience-oriented urban complex centering on
electronics markets, cinemas and leisure restaurants. In the reporting period, the Land Use Certificate, Land
Planning Permit and Construction Planning Permit have been obtained for the project.
In the reporting period, the operating income of the commercial real estate (industrial park) business amounted to
RMB 883,600,000, increasing by 256.24% year on year, mainly because SEG Real Estate' income from real
estate sales increased.
(III) Microcredit business
As China tightened financial risk control and financial regulation became strict in 2017, the loan interest rate in
the microcredit industry declined. To reduce operating risks, SEG Credit reduced its business size, standardized
its business process, and strengthening interest collection. These measures ensure normal operation of SEG
Credit. However, the economic indicators obviously go down. In the reporting period, the operating income of
the microcredit business amounted to RMB 49,130,000, decreasing by 44.50% year on year. To avoid potential
financial risks, in March 2018, the Company decided to transfer 62% of the equity of SEG Credit held by the
Company and its holding subsidiaries (see the Announcement on the Connected Transaction of Transfer of 62%
of the Equity of SEG Credit Held by the Company and its Holding Subsidiaries released by the Company in
designated information disclosure media. The transaction was deliberated and adopted at the 30th interim
meeting of the 7th Board of Directors and the first extraordinary general meeting of 2018. After transfer, the
Company will discontinue the microcredit business.
(IV) Budget hotel business
The Company has opened five budget hotels: four Mellow Orange Hotel branches (separately located on
Changsha Wuyi Road, Changsha Xingsha, Shenzhen Bao'an, and Dongmen, and one SEG Maker Hotel in
Huaqiangbei. In the reporting period, the operating income of the budget hotel business amounted to RMB
42,050,000, increasing by 68.80% year on year, mainly because the Mellow Orange Hotel in Dongmen and SEG
Maker Hotel were open.
(V) Trade and channel business
In the reporting period, the operating income of the trade and channel business amounted to RMB 150,360,000,
decreasing by 47.12% year on year, mainly because: SEG Industrial has discontinued the trade business other
than the government procurement platform business; SEG Intelligent Technology adjusted the smart home
business and no longer underwrite large projects.
2. Income and Cost
(1) Formation of operating income
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Unit: Yuan
2017 2016 Year-on-year
Percentage of Percentage of increase/decrease
Amount Amount
operating income operating income (%)
Total operating
2,030,445,390.62 100% 1,459,575,791.50 100% 39.11%
income
By sector
Electronics market
and property leasing 905,285,927.82 44.59% 793,204,704.80 54.34% 14.13%
and management
Real estate
883,601,001.00 43.52% 248,736,375.89 17.04% 255.24%
development
Trade 150,361,821.40 7.41% 284,331,867.85 19.48% -47.12%
Finance 49,137,832.39 2.42% 88,530,809.39 6.07% -44.50%
Hotel 42,058,808.01 2.07% 24,915,964.23 1.71% 68.80%
E-commerce 19,856,069.34 1.36%
By region
Shenzhen 1,692,018,637.57 83.33% 908,164,964.11 62.22% 86.31%
Xi'an 57,222,951.89 2.82% 61,087,396.36 4.19% -6.33%
Suzhou 138,598,817.14 6.83% 177,711,494.88 12.18% -22.01%
Changsha 23,401,682.40 1.15% 24,597,175.67 1.69% -4.86%
Nanjing 23,846,790.75 1.17% 24,795,038.43 1.70% -3.82%
Shunde 3,132,622.73 0.15% 3,020,405.16 0.21% 3.72%
Beijing 134,077.67 0.01%
Huizhou 87,472,427.54 4.31% 254,378,434.59 17.43% -65.61%
Wuxi 4,617,382.93 0.23% 5,820,882.30 0.40% -20.68%
(2) Information on industries, products or regions accounting for over 10% of operating income or
operating profit
√ Applicable □ Not applicable
Should the Company abide by the disclosure requirements of special industries?
No.
Unit: Yuan
Year-on-year Year-on-year
Year-on-year
increase/decrease increase/decrease
Operating income Operating cost Gross profit rate increase/decrease
of operating of gross profit
of operating cost
income rate
By sector
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Electronics
market and
905,285,927.82 615,786,444.11 31.98% 14.13% 12.89% 2.39%
property leasing
and management
Real estate
883,601,001.00 594,819,985.74 32.68% 255.24% 354.32% -31.00%
development
Trade 150,361,821.40 146,430,367.50 2.61% -47.12% -48.57% -1919.71%
Finance 49,137,832.39 5,219,910.64 89.38% -44.50% -58.01% 3.98%
Hotel 42,058,808.01 36,837,858.28 12.41% 68.80% 69.72% -3.67%
By region
Shenzhen 1,692,018,637.57 1,112,543,601.01 34.25% 86.31% 79.58% 7.75%
Xi'an 57,222,951.89 45,835,666.33 19.90% -6.33% 3.01% -26.74%
Suzhou 138,598,817.14 135,546,900.46 2.20% -22.01% -17.01% -72.78%
Changsha 23,401,682.40 15,723,374.20 32.81% -4.86% 2.39% -12.67%
Nanjing 23,846,790.75 26,326,585.42 -10.40% -3.82% -9.47% -39.85%
Shunde 3,132,622.73 2,939,384.53 6.17% 3.72% 2.31% 26.48%
Beijing 134,077.67 6,204,734.56 -4527.72%
Huizhou 87,472,427.54 50,124,623.44 42.70% -65.61% -63.00% -8.65%
Wuxi 4,617,382.93 3,849,696.32 16.63% -20.68% -22.56% 13.91%
If the statistical caliber of main business data is adjusted in the reporting period, the Company shall use the main
business data of the previous year collected at the end of the reporting period after adjustment of statistical
caliber.
□ Applicable √ Not applicable
(3) Is the Company's material sales revenue more than its service revenue?
□ Yes √ No
(4) Performance of executed major sales contracts as of the reporting period
□ Applicable √ Not applicable
(5) Formation of operating cost
Industry classification
Unit: Yuan
2017 2016 Year-on-year
Industry
Item Percentage of Percentage of increase/decrease
classification Amount Amount
operating cost operating cost (%)
Electronics Electronics
market and market and
615,786,444.11 44.01% 545,456,587.10 53.73% 12.89%
property leasing property leasing
and management and management
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
2017 2016 Year-on-year
Industry
Item Percentage of Percentage of increase/decrease
classification Amount Amount
operating cost operating cost (%)
Real estate Real estate
594,819,985.74 42.51% 130,925,844.41 12.90% 354.32%
development development
Trade Trade 146,430,367.50 10.47% 284,740,411.64 28.05% -48.57%
Finance Finance 5,219,910.64 0.37% 12,430,171.06 1.22% -58.01%
Hotel Hotel 36,837,858.28 2.63% 21,705,084.88 2.14% 69.72%
2017 2016 Year-on-year
Industry
Item Percentage of Percentage of increase/decrease
classification Amount Amount
operating cost operating cost (%)
Electronics
market and Lease and
398,239,211.88 64.67% 366,902,709.81 67.27% 8.54%
property leasing property costs
and management
Electronics
Total
market and
remuneration for 93,931,218.48 15.25% 79,454,260.39 14.57% 18.22%
property leasing
employees
and management
Electronics
market and Depreciation and
44,827,864.28 7.28% 24,733,292.44 4.53% 81.25%
property leasing amortization
and management
Electronics
Market and
market and
property service 78,788,149.47 12.79% 74,366,324.46 13.63% 5.95%
property leasing
costs
and management
2017 2016 Year-on-year
Product category Item Percentage of Percentage of increase/decrease
Amount Amount (%)
operating cost operating cost
Trade Goods sales cost 136,585,828.21 93.28% 262,813,004.51 92.30% -48.03%
Trade Lease cost 0.00% 4,060,000.00 1.43%
Trade Manpower cost 2,043,243.43 1.40% 984,567.12 0.35% 107.53%
Trade Others 7,801,295.86 5.33% 16,882,840.01 5.93% -53.79%
2017 2016 Year-on-year
Industry
Item Percentage of Percentage of increase/decrease
classification Amount Amount
operating cost operating cost (%)
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
2017 2016 Year-on-year
Industry
Item Percentage of Percentage of increase/decrease
classification Amount Amount
operating cost operating cost (%)
Real estate
Real estate cost 594,819,985.74 100.00% 130,925,844.41 100.00% 354.32%
development
2017 2016 Year-on-year
Industry
Item Percentage of Percentage of increase/decrease
classification Amount Amount
operating cost operating cost (%)
Finance Lease cost 849,905.88 16.28% 835,447.71 6.72% 1.73%
Financial service
Finance 4,370,004.76 83.72% 11,594,723.35 93.28% -62.31%
cost
2017 2016 Year-on-year
Industry
Item Percentage of Percentage of increase/decrease
classification Amount Amount
operating cost operating cost (%)
Total remuneration
Hotel 8,170,482.92 22.18% 5,110,635.15 23.55% 59.87%
for employees
Deposition and
Hotel 6,133,311.79 16.65% 3,243,021.27 14.94% 89.12%
amortization
Hotel Lease cost 12,936,830.53 35.12% 8,258,888.25 38.05% 56.64%
Hotel Others 9,597,233.04 26.05% 5,092,540.21 23.46% 88.46%
(6) Is the consolidation scope changed in the reporting period?
√ Yes □ No
14 new entities are incorporated in and two entities are removed from the scope of the consolidated financial
statements in the current period, including::
1. Subsidiaries, special purpose entities, and business entities that gain control by way of commissioning
management or renting newly incorporated in the consolidation scope in the current period
Name Reason for change
Shenzhen-Shantou Cooperation Zone SEG
Newly established
Longyan Energy Technology Co., Ltd.
Shenzhen SEG Lianzhong Internet Technology
Newly established
Co., Ltd.
Shenzhen SEG Zhongtong Technology Co., Ltd. Newly established
Shenzhen SegMaker Co., Ltd. Business combination under common control
Shenzhen SEG Recreation Enterprise
Business combination under common control
Development Co., Ltd.
Shenzhen SEG Property Development Co., Ltd. Business combination under common control
Shenzhen SEG Real Estate Investment Co., Ltd. Business combination under common control
Huizhou Stars Real Estate Development Co., Ltd. Business combination under common control
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Shenzhen SEG Property Management Co., Ltd. Business combination under common control
Shenzhen SEG New Urban Construction
Business combination under common control
Development Co., Ltd.
Shenzhen SEG New Urban Commercial
Business combination under common control
Operation Co., Ltd.
Beijing SEG Property Development Co., Ltd. Business combination under common control
Xi'an SEG Kanghong Real Estate Co., Ltd. Business combination under common control
Shenzhen Hongge Cultural Development Co.,
Business combination under common control
Ltd.
2. Subsidiaries, special purpose entities, and business entities that lose control by way of commissioning
management or leasing removed from the consolidation scope in the current period
Name Reason for change
Suzhou SEG Electronics Market Management Co.,
Transfer of the management right
Ltd.
Wuxi SEG Electronics Market Co., Ltd. Transfer of all the equity
(7) Information about significant changes or adjustments of business, product or service in the reporting
period
□ Applicable √ Not applicable
(8) Information on main customers and main suppliers
Information about the Company's major customers
Sales amount of top 5 customers (Yuan) 146,527,447.10
Percentage of the total sales amount of top 5 customers to
7.40%
the annual sales
Percentage of the sales amount of related parties among
0.00%
top 5 customers to the annual sales
Information about top 5 customers
No. Customer Name Sales amount (Yuan) Percentage of the annual sales amount
Shenzhen Nanfang Yunhe Technology Co.,
1 49,076,962.97 2.12%
Ltd.
2 Shenzhen Suning Yunshang Sales Co., Ltd. 40,672,562.23 2.11%
Traffic Police Office of Public Security
3 28,753,641.51 1.45%
Bureau
4 Jiang Hua（Housing） 17,640,860.95 0.89%
5 Li Yuanmei（Housing） 16,402,241.90 0.83%
Total -- 152,546,269.56 7.40%
Other information on main customers
□ Applicable √ Not applicable
Information about major suppliers
Total purchase amount of top 5 suppliers (Yuan) 209,388,422.70
Percentage of the total purchase amount of top 5 suppliers
14.97%
to the annual purchase
Percentage of the purchase amount of related parties 0.00%
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
among top 5 customers to the annual purchase amount
Information about top 5 suppliers
No. Name of supplier Purchase amount (Yuan) Percentage of the annual purchase
China Huashi Enterprises Company
1 41,946,122.20 2.07%
Limited
2 China Telling Telecom Co., Ltd. 41,784,580.54 2.06%
Shenzhen Futian District Security Guard
3 Service Company (office property 28,753,641.51 1.42%
management fee)
Suzhou Shuntong Network Technology
4 17,640,860.95 0.87%
Co., Ltd.
Suzhou Tianxiang Real Estate
5 16,402,241.90 0.81%
Development Co., Ltd.
Total -- 146,527,447.10 7.22%
Other information on main suppliers
□ Applicable √ Not applicable
3. Expense
Unit: Yuan
Year-on-year
2017 2016 increase/decrease Description of significant changes
(%)
There is no significant change in the reporting
Sale expenses 43,173,370.45 41,555,812.57 3.89%
period.
There is no significant change in the reporting
Management expenses 144,029,063.26 142,779,706.02 0.88%
period.
(Nantong SEG Times Plaza has been put into
Financial cost 21,598,611.36 10,466,615.20 106.36% use. The capitalization of the borrowing costs
of the project is ceased..
4. Investment in research and development
□ Applicable √ Not applicable
5. Cash Flow
Unit: Yuan
Year-on-year increase/decrease
Item 2017
(%)
Subtotal of cash inflow from
2,234,172,041.17 2,716,002,642.14 -17.74%
operating activities
Subtotal of cash outflow in
1,726,785,491.96 2,272,467,101.36 -24.01%
operating activities
Net cash flow from operating
507,386,549.21 443,535,540.78 14.40%
activities
Subtotal of cash inflow from
2,304,214,897.00 818,350,725.81 181.57%
investing activities
Subtotal of cash outflow in 2,491,257,058.69 897,641,866.86 177.53%
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Year-on-year increase/decrease
Item 2017
(%)
investing activities
Net cash flow from investing
-187,042,161.69 -79,291,141.05
activities
Subtotal of cash inflow from
1,083,037,998.48 1,731,367,812.30 -37.45%
financing activities
Subtotal of cash outflow in
1,583,423,874.22 1,599,151,616.44 -0.98%
financing activities
Net cash flow arising from
-500,385,875.74 132,216,195.86 -478.46%
financing activities
Net increase in cash and cash
-180,041,035.27 496,460,611.06 -136.26%
equivalents
1. Subtotal of cash inflow from operating activities decreases by 17.74% year on year in the reporting period,
mainly because 1) SEG Industrial and Suzhou Intelligent cut back the trade business and the cash inflow
decreases; 2) cash inflow generated by sales of SEG E-commerce last year is not included in the reporting
period.
2. Subtotal of cash outflow from operating activities decreases by 24.01% year on year in the reporting period,
mainly because 1) SEG Industrial cut back the trade business and the purchasing expenses decrease; 2) cash
outflow generated by sales of SEG E-commerce last year is not included in the reporting period.
3. Subtotal of cash inflow from investing activities increases by 181.57% year on year in the reporting period,
mainly due to increase in investment in bank financing.
4. Subtotal of cash outflow from investing activities increases by 177.53% year on year in the reporting period,
mainly due to increase in investment in bank financing.
5. Subtotal of cash inflow from financing activities decreases by 37.45% year on year in the reporting period,
mainly due to decrease of the scale of financing of SEG Real Estate Investment
6. Subtotal of cash outflow from financing activities decreases by 478.46% year on year in the reporting period,
mainly due to decrease of the scale of financing of SEG Real Estate Investment
7. Net increase in cash and cash equivalents decrease by 136.26% year on year in the reporting period, mainly
due to decrease in the cash received from borrowings and increase in the cash paid for investment.
Description of main factors of significant year-on-year change
√ Applicable □ Not applicable
Reasons for the big difference between the net cash flow arising from operating activities and the annual net
profit in the reporting period
□ Applicable √ Not applicable
III. Analysis of Non-major Business
√ Applicable □ Not applicable
Unit: Yuan
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Percentage of
Amount Reason Sustainable or not
total profit
1. Income from reduction of holding-shares
of Huakong SEG;
1. 2. 3. Unsustainable
Investment income 71,999,915.73 16.81% 2. Sales of holding-shares of Wuxi SEG;
3. Financing income; 4. Sustainable
4. Income from investment in associates.
Changes in fair
value recognized in 0.00 0.00%
profit or loss
SEG Industrial accrued the provision for
Asset impairment 22,034,872.24 5.15% bad debts and provision for loan losses of Partially sustainable
SEG Credit.
Non-operating Government subsidies and income from
13,033,764.81 3.04% Partially sustainable
income counter-party default
Losses arise from the termination of the
contract between SEG Real Estate and
Shenzhen Jinhongyuan Construction
Non-operating Material Co., Ltd.. The Company paid the
6,468,223.22 1.51%
expenses litigation settlements payable by Nanning Unsustainable
SEG. After removal of booths of SEG
CPARK, the decoration expense is written
off before amortization.
IV. Assets and Liabilities
1. Significant Changes in Asset Formation
Unit: Yuan
End of 2017 End of 2016
Increase/decre Description of
Percentage of Percentage of
Amount Amount ase significant changes
total assets total assets
Monetary funds 951,482,605.92 13.61% 1,131,523,641.19 16.34% -2.74%
Accounts
61,934,101.56 0.89% 58,949,389.88 0.85% 0.03%
receivable
Inventory 3,551,100,320.71 50.78% 3,378,533,067.95 48.80% 1.98%
Investment
676,888,184.90 9.68% 708,470,470.81 10.23% -0.55%
properties
Long-term equity
211,973,322.32 3.03% 203,657,322.71 2.94% 0.09%
investment
Fixed assets 62,404,988.93 0.89% 52,029,921.10 0.75% 0.14%
Construction in
71,745,514.32 1.03% 37,092,227.51 0.54% 0.49%
progress
Short-term
534,792,000.00 7.65% 355,000,000.00 5.13% 2.52%
borrowing
Long-term
754,750,000.00 10.79% 1,030,000,000.00 14.88% -4.08%
borrowing
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
2. Assets and liabilities measured based on fair value
√ Applicable □ Not applicable
Unit: Yuan
Cumulative
Change in fair change in fair Impairment Amount of Amount of
Opening Closing
Item value of the value accrued in the purchase in the sales in the
balance balance
current period recognized in current period current period current period
the equity
Financial assets
1.
Available-for-sale 683,290.58 -317,372.09 365,918.49
financial assets
Subtotal of
683,290.58 -317,372.09 365,918.49
financial assets
Total 683,290.58 -317,372.09 365,918.49
Financial
0.00 0.00
liabilities
3. Restricted asset rights as of the end of the reporting period
√Applicable □Not applicable
(1) Mortgaged assets
As of the end of the reporting period, the Company mortgaged self-owned houses for bank borrowings. The
following are mortgaged houses and the net value at the end of the reporting period:
Net value at the end of the
Owner House name Remarks
reporting period
Shenzhen SEG Co., Ltd. 4F of SEG Plaza 42,436,948.47 Mortgaged for bank borrowings
Some floors of Window to
Shenzhen SEG Co., Ltd. 50,543,203.67 Mortgaged for bank borrowings
Modernization
Shenzhen SEG Co., Ltd. 31F of Stars Plaza 8,984,817.19 Mortgaged for bank borrowings
Shenzhen SEG Co., Ltd. Other houses 6,432,454.33 Mortgaged for bank borrowings
Shenzhen SEG Real Estate See houses listed in Note
89,019,246.92 Mortgaged for bank borrowings
Investment Co., Ltd. VII (45)
Huizhou Stars Real Estate Some houses of SEG
42,436,948.47 Mortgaged for bank borrowings
Development Co., Ltd. Holiday Plaza
Total 50,543,203.67
(2) Pledged assets
SEG New Urban, a sub-subsidiary of the Company, and Bohai International Trust Co., Ltd. (\"Bohai Trust\") have
entered into a contract of loan on trust. Bohai Trust shall grant a total loan of RMB 500,000,000.00 to SEG New
Urban. According to the Right Pledge Contract between SEG Real Estate, a subsidiary of the Company, and
Bohai Trust, the pledged right is 52.0461% of the equity of SEG New Urban held by SEG Real Estate.
V. Investment
1. General
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
√ Applicable □ Not applicable
Investment over the same period of the
Investment in the reporting period (Yuan) Increase/decrease (%)
previous year (Yuan)
5,527,301,497.49 167,406,096.68 3,201.73%
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
2. Significant equity investment in the reporting period
√ Applicable □ Not applicable
Unit: Yuan
Investment
Progress as
profit or
Main Investment Investment Shareholding Source of Investment Product of the Projected Lawsuit Disclosure Disclosure
Investee name Partner loss of the
business mode amount percentage capital horizon type balance income involved date (if any) index (if any)
current
sheet date
period
Shenzhen
Rongqi
Mechanical
and Electrical
Issuance of
Shenzhen SEG Real Equipment
shares and
Real Estate estate 2,113,984,200. Co., Ltd., Real Transfer 188,968,96
Acquisition 79.02% payment of Long-term 0.00 No
Investment develop 00 employees of estate completed 3.11
consideratio
Co., Ltd. ment SEG Real
ns http://www.cnin
Estate, and
fo.com.cn
the labor
union of SEG Announcement
Real Estate of Shenzhen
SEG Co., Ltd.
Electron Acquisition Electroni on Transfer of
Shenzhen SEG ics Issuance of cs
Recreation market shares and Harbin Haige markets January 25, Underlying
310,244,700.0 Transfer 24,428,418. 2017 Assets for Share
Enterprise and 55.00% payment of Group Co., Long-term and 0.00 No Issuance and
0 completed
Development property consideratio Ltd property Cash Payment
Co., Ltd. manage ns leasing to Acquire
ment services Assets and
Acquisition Issuance of Raise Funds &
Shenzhen SEG Connected
Property shares and Property
Property 135,235,900.0 Transfer 13,319,993. Transactions
manage 100.00% payment of None Long-term manage 0.00 No
Development 0 completed
ment consideratio ment
Co., Ltd.
ns
Electron Acquisition Issuance of Electroni
Shenzhen ics shares and cs
2,597,682,400. Transfer 36,856,492.
SegMaker Co., market, 100.00% payment of None Long-term markets, completed 0.00 No
00
Ltd. hotel, consideratio hotels,
property ns property
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
manage manage
ment, ment,
and and
makers makers
Longyan http://www.cnin
Energy fo.com.cn
Technology
(Hangzhou) Announcement
Co., Ltd., of Shenzhen
Shenzhen CdTe SEG Co., Ltd.
SEG Longyan Raytai film PV on the
Energy New Newly- Self-owned Technology power In -8,094,335. November Establishment of
82,500,000.00 50.00% Long-term 0.00 No SEG Longyan
Technology energy established capital Photovoltaic station preparation 55 12, 2016
Co., Ltd. Engineering and Energy
Co., Ltd. and BIPV Technology Co.,
Shenzhen Ltd. and Launch
Energy of the CdTe
Nanjing Film PV
Holding Co., Industrial Base
Ltd. Project
Shenzhen SEG Tianjin Allied
Lianzhong Internet eSports Internet
Newly- Self-owned In -2,684,853. November
Internet access 13,640,000.00 55.00% Internet Long-term access 0.00 No
established capital preparation 00 16, 2016
Technology service Technology services
Co., Ltd. Co., Ltd.
http://www.cnin
fo.com.cn
Zhuhai
Zhongtong Announcement
Lexing of Shenzhen
Shenzhen SEG Wi-Fi Network Wi-Fi SEG Co., Ltd. on
Zhongtong project Newly- Self-owned Technology project In April 7, the
980,000.00 49.00% Long-term 0.00 -397,708.99 No Establishment of
Technology of China established capital Co., Ltd. and of China preparation
Co., Ltd. Railway Shenzhen Railway Shenzhen SEG
Donglinde Allied eSports
Investment Co., Ltd. and
Co., Ltd. Launch of the
E-Sports
Stadium Project
Shenzhen SEG SEG http://www.cnin
Newly- Self-owned Shenzhen SEG August 11,
Yicheng maker established 1,020,000.00 51.00% eMaxCity Long-term maker Opening 0.00 -200,019.14 No fo.com.cn
capital
Science and educatio Technology educatio Announcement
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Technology n and Co., Ltd. n and of Shenzhen
Co., Ltd. technolo technolo SEG Co., Ltd. on
gy gy the
experien experien Establishment of
ce ce Shenzhen SEG
museum museum Yicheng Science
and Technology
Co., Ltd. and
Construction &
Operation of
SEG Maker
Education and
Technology
Experience
Museum
5,255,287,200.
00 252,196,95
Total -- -- -- -- -- -- -- -- 0.00 -- -- --
0.23
3. Significant non-equity investment in progress in the reporting period
√ Applicable □ Not applicable
Unit: Yuan
Reasons for
failure to
Accumulated Accumulated achieve the
Amount of
Industries amount invested income as of plan Disclosure
Investment Fixed asset investment Source of Projected Disclosure
Project name involved in as of the end of Progress the end of the schedule index (if
mode investment? during the capital income date (if any)
investment the reporting reporting objective any)
reporting period
period period and
expected
income
Self-owned Nantong
Nantong SEG
Self-built No Real estate 152,295,046.49 749,559,894.08 capital and - 0 -17,365,331.27 - SEG Times Self-built
Times Plaza
bank loan Plaza
Land use right of Self-constructed Yes New energy 28,010,000.00 28,010,000.00 Self-owned - - -
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
SEG Longyan in capital
Shenzhen-Shantou
Cooperation Zone
CdTe Production
Self-owned
Line of SEG Self-constructed Yes New energy 91,709,251.00 91,709,251.00 - - -
capital
Longyan
Total -- -- -- 272,014,297.49 869,279,145.08 -- -- 0.00 -17,365,331.27 -- -- --
4. Financial assets investment
(1) Security investment
√ Applicable □ Not applicable
Unit: Yuan
Profit or
loss from Amount
changes Accumulative of Amount of Profit or loss
Short form Accounting
Stock Initial Opening book in fair changes in fair purchase sales in the in the Closing book Source of
Stock type of the measurement Accounting item
code investment cost value value in value counted in the current reporting value capital
security mode
the into equity current period period
current period
period
Domestic
Youhao Measurement Available-for-sale Self-owned
and overseas 600778 90,405.00 683,290.58 -317,372.09 0.00 0.00 0.00 365,918.49
Group of fair value financial assets capital
shares
Domestic Measurement
Huakong Long-term Self-owned
and overseas 000068 194,153,799.52 of equity 174,552,073.99 -126.75 -9,125,553.30 5,871,204.49 171,297,598.43
SEG investment capital
shares method
Domestic Measurement
SEG Available-for-sale Self-owned
and overseas 832770 8,275,321.43 of cost 13,515,392.83 0.00 0.00 0.00 13,515,392.83
Navigations financial assets capital
shares method
Total 202,519,525.95 -- 188,750,757.40 -317,498.84 0.00 -9,125,553.30 5,871,204.49 185,178,909.75 - -
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
(2) Investment of derived products
□ Applicable √ Not applicable
No investment in derivatives is involved in the reporting period.
5. Use of the collected capital
□ Applicable √ Not applicable
In the reporting period, there was no usage of raised capital.
VI. Sales of Major Assets and Equity
1. Sales of Major Assets
√ Applicable □ Not applicable
Net profit
contributed
Proportion
by the
of the net Implemented
asset to the
profit Association Transfer Transfer as scheduled
listed Impact of Pricing
Transaction contributed with the of all of all or not? If
company the sale principle
Date of price by the Connected counterparty property creditor's not, indicate Disclosure
Counterparty Sold assets from the on the for the Disclosure index
sale (RMB assets to transaction? (applicable rights of rights and reasons and date
beginning Company sale of
10,000) the listed to connected assets debts measures
of the (Note 3) assets
company transactions) involved? involved? taken by the
period to
to total net Company
the date of
profit
sale (RMB
10,000)
51% of the Announcement on the
Zhejiang
equity of Progress of Transfer of the
Xinyuan
Wuxi SEG October Not November Equity of Wuxi SEG
Market 354.2 72.73 88.18 0.40% Fair value No Yes Yes Transferred
Electronics 30, 2017 applicable 7, 2017 Electronics Market Co.,
Management
Market Co., Ltd. disclosed on
Co., Ltd.
Ltd. http://www.cninfo.com.cn
10,000,000 Announcement on the
Secondary 5,521.06
shares of December Not January 5, Progress of Reduction of
market 32.6 5,497.85 25.04% Fair value No Yes Yes Transferred
Huakong 31, 2017 applicable 2018 Holding-shares of
investors
SEG Shenzhen Huakong SEG
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Co., Ltd. disclosed on
http://www.cninfo.com.cn
2. Sales of Major Equity
√ Applicable □ Not applicable
Net profit
contributed Proportion
by the asset of the net Implemented
to the listed profit Association as scheduled
Impact of
company contributed Pricing with the Transfer of or not? If
Transaction the sale on
from the by the principle for Connected counterparty all the not, indicate Disclosure
Counterparty Sold assets Date of sale price (RMB the Disclosure index
beginning assets to the the sale of transaction? (applicable equity reasons and date
10,000) Company
of the listed assets to connected involved? measures
(Note 3)
period to company to transactions) taken by the
the date of total net Company
sale (RMB profit
10,000)
51% of the Announcement on the
Zhejiang
equity of Progress of Transfer of the
Xinyuan
Wuxi SEG October 30, November Equity of Wuxi SEG
Market 354.20 72.73 88.18 0.40% Fair value No None Yes Transferred
Electronics 2017 7, 2017 Electronics Market Co.,
Management
Market Co., Ltd. disclosed on
Co., Ltd.
Ltd. http://www.cninfo.com.cn
Announcement on the
10,000,000 Progress of Reduction of
Secondary
shares of December January 5, Holding-shares of
market 5,521.06 32.6 5,497.85 25.04% Fair value No None Yes Transferred
Huakong 31, 2017 2018 Shenzhen Huakong SEG
investors
SEG Co., Ltd. disclosed on
http://www.cninfo.com.cn
VII. Analysis of Controlling and Holding Companies
√ Applicable □ Not applicable
Unit: Yuan
Company Operating
Company type Main business Registered capital Total assets Net assets Operating profit Net profit
name income
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Company Operating
Company type Main business Registered capital Total assets Net assets Operating profit Net profit
name income
SEG
Subsidiary Microcredit 150,000,000.00 416,546,602.66 190,973,138.86 49,137,832.39 1,731,652.48 755,531.44
Credit
Property operation and
SEG
Subsidiary management and hotel 61,617,600.00 164,183,305.34 116,255,173.57 96,869,873.70 40,250,767.43 30,152,624.56
Baohua
business
Channel retail terminal of
SEG electronic products and
Subsidiary -11,422,331.0
Industrial property operation and 25,500,000.00 86,982,253.64 36,145,581.24 82,198,407.50 -8,500,999.65
management
Nanning Operation and management
Subsidiary
SEG of electronics market 8,000,000.00 64,219.87 -883,662.28 - - -
Longgang Operation and management
Subsidiary
SEG of electronics market 3,000,000.00 25,648,253.66 6,214,456.90 13,256,096.92 2,014,495.42 1,548,656.61
Shunde Operation and management
Subsidiary
SEG of electronics market 6,000,000.00 6,043,296.95 3,451,771.93 3,132,622.73 169,533.17 200,442.34
Changsha Operation and management
Subsidiary
SEG of electronics market 35,000,000.00 96,936,531.45 75,116,508.50 23,401,682.40 7,182,897.53 5,354,076.32
Operation and management
Xi'an SEG Subsidiary
of electronics market 3,000,000.00 39,257,518.45 16,829,133.65 35,732,862.15 9,655,346.25 8,208,153.78
Xi'an
Operation and management
Hairong Subsidiary
of electronics market 3,000,000.00 26,441,880.62 6,055,411.99 21,490,089.74 2,905,148.41 2,544,567.25
SEG
Nanjing Operation and management
Subsidiary
SEG of electronics market 20,000,000.00 22,378,697.30 1,691,287.42 23,846,790.75 -2,772,942.84 -2,745,645.37
Wujiang Operation and management
Subsidiary
SEG of electronics market 3,000,000.00 14,989,334.58 3,986,746.31 16,791,648.67 718,985.39 538,287.33
Wuxi SEG Subsidiary Operation and management
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Company Operating
Company type Main business Registered capital Total assets Net assets Operating profit Net profit
name income
of electronics market - - - 4,617,382.93 791,454.88 727,345.49
Suzhou Operation and management
Subsidiary
SEG of electronics market - - - 23,307,308.98 -3,998,924.05 -3,991,359.40
Suzhou
Operation and management
SEG Subsidiary
of electronics market 8,000,000.00 23,471,668.99 3,403,166.56 30,336,445.59 5,398,270.56 5,452,461.09
Digital
SEG
Subsidiary Trade
Intelligent 10,000,000.00 8,001,776.17 4,307,026.47 68,163,413.90 -1,643,178.68 -2,247,926.00
Nantong Real estate development
Subsidiary
SEG and management 30,000,000.00 890,241,708.04 12,634,668.73 4,761,928.47 -8,967,360.38 -8,968,942.11
Nantong
SEG
Commerci Subsidiary Property management -12,576,044.9
- 20,966,086.75 -17,088,193.56 12,689,564.59 -12,586,376.86
al
Operation
Yicheng
Science SEG maker education and
and Subsidiary technology experience
1,020,000.00 837,422.08 819,980.86 - -200,019.14 -200,019.14
Technolog museum
y
SEG
Investmen Subsidiary Fund Investment
1,500,000.00 1,500,838.76 1,498,838.76 - -1,161.24 -1,161.24
t
Longyan
Energy New energy technology
Subsidiary
Technolog development 165,000,000.00 160,053,861.94 156,905,664.45 5,602.56 -8,094,254.94 -8,094,335.55
y
SEG Internet and related
Subsidiary
Lianzhong services 24,800,000.00 22,721,321.93 22,115,147.00 109,154.98 -2,684,853.00 -2,684,853.00
SEG Software and information
Subsidiary
Zhongton technology services 2,000,000.00 1,602,291.01 1,602,291.01 - -397,708.99 -397,708.99
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Company Operating
Company type Main business Registered capital Total assets Net assets Operating profit Net profit
name income
g
Electronics market leasing
SEG
Subsidiary management services;
Recreation 5,000,000.00 96,160,776.03 35,940,457.53 53,247,077.93 32,564,858.07 24,428,418.15
property leasing
SEG
Property
Subsidiary Property management
Developm 5,000,000.00 144,504,017.25 74,293,428.82 59,405,595.75 17,919,391.79 13,319,993.34
ent
Electronics market leasing
management services;
SegMaker Subsidiary 134,667,240.3
property leasing; hotel 10,000,000.00 355,621,583.83 255,029,470.70 49,295,628.51 36,856,492.31
management
Property leasing; property
SEG Real
Subsidiary management; real estate 1,222,751,774 256,639,097.4
Estate 102,500,000.00 3,719,643,993.47 980,502,203.50 188,968,963.11
development .10
Manufacturing and
Huakong Shareholding operation of color picture
412,929,685.1
SEG company tube (CPT), CPT materials, 1,006,671,464.00 2,803,698,323.72 1,092,604,871.02 42,111,282.37 32,644,084.17
and glass apparatus
Shanghai Shareholding Operation and management
SEG company of electronics market 5,000,000.00 15,400,297.98 9,820,675.31 7,209,054.03 658,646.70 527,804.99
Shareholding
CEEC Electronics exhibition -15,051,102.9
company 30,000,000.00 14,013,554.94 6,766,534.86 8,764,271.43 -15,051,507.20
Information on the acquisition and disposal of subsidiaries in the reporting period
√ Applicable □ Not applicable
Mode of acquisition and disposal of subsidiaries in the reporting
Company name Impact on the overall business operation and performance
period
Shenzhen-Shantou Cooperation Zone SEG Longyan
Newly-established It is in preparation and not open for business yet.
Energy Technology Co., Ltd.
Shenzhen SEG Lianzhong Internet Technology Co., Newly-established In the reporting period, the operating income is RMB 109,200 and the loss is
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Ltd. RMB 2,684,900.
Shenzhen SEG Zhongtong Technology Co., Ltd. Newly-established It is in preparation and not open for business yet.
In the reporting period, the operating income is RMB 134,667,200 and the
Shenzhen SegMaker Co., Ltd. Business combination under common control
profit is RMB 36,856,500.
Shenzhen SEG Recreation Enterprise Development In the reporting period, the operating income is RMB 53,247,100 and the
Business combination under common control
Co., Ltd. profit is RMB 24,428,400.
In the reporting period, the operating income is RMB 59,405,600 and the
Shenzhen SEG Property Development Co., Ltd. Business combination under common control
profit is RMB 13,320,000.
In the reporting period, the operating income is RMB 106,006,700 and the
Shenzhen SEG Real Estate Investment Co., Ltd. Business combination under common control
profit is RMB 38,367,800.
In the reporting period, the operating income is RMB 87,018,000 and the
Huizhou Stars Real Estate Development Co., Ltd. Business combination under common control
profit is RMB 8,353,600.
In the reporting period, the operating income is RMB 186,813,800 and the
Shenzhen SEG Property Management Co., Ltd. Business combination under common control
profit is RMB 14,710,000.
Shenzhen SEG New Urban Construction In the reporting period, the operating income is RMB 850,037,400 and the
Business combination under common control
Development Co., Ltd. profit is RMB 146,652,700.
Shenzhen SEG New Urban Commercial Operation In the reporting period, the operating income is RMB 0 and the loss is RMB
Business combination under common control
Co., Ltd. 10,580,700.
In the reporting period, the operating income is RMB 92,500 and the loss is
Beijing SEG Property Development Co., Ltd. Business combination under common control
RMB 2,764,700.
In the reporting period, the operating income is RMB 0 and the loss is RMB
Xi'an SEG Kanghong Real Estate Co., Ltd. Business combination under common control
3,857,400.
In the reporting period, the operating income is RMB 0 and the profit is
Shenzhen Hongge Cultural Development Co., Ltd. Business combination under common control
RMB 0.
Suzhou SEG Electronics Market Management Co., In the reporting period, the operating income is RMB 23,307,300 and the
Transfer of management rights
Ltd. loss is RMB 3,991,400.
In the reporting period, the operating income is RMB 4,617,400 and the
Wuxi SEG Electronics Market Co., Ltd. Equity transfer
profit is RMB 727,300.
Information on controlling and holding companies
1. In the reporting period, the operating income of SEG Industrial decreases by 55.27% year on year, mainly because it discontinued related trade in 2017, resulting in
significant decrease in the trade business.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
2. In the reporting period, the operating income of SEG Credit decreases by 37.29% year on year, mainly because the credit business is cut down, resulting in declining
income.
3. In the reporting period, the operating income of Nanjing SEG decreases by 39.69% year on year, mainly because the property rent concession leads to decrease in rent
expenses and losses.
4. In the reporting period, the total profit of Wujiang SEG decreases by 66.69% year on year, mainly because it signed the property lease contract in May 2017, which leads
to increase in rent expenses and decrease in the total profit.
5. In the reporting period, the total profit of Suzhou SEG Digital increases by RMB 4,902,300 year on year. Decrease in the rent cost leads to increase in the profit.
6. In the reporting period, the operating income of Nantong SEG Commercial Operation increases by RMB 11,811,400 and the total profit decreases by RMB 8,085,000
year on year, mainly because Nantong SEG Times Plaza started business in October 2016 and the income from rents and management expenses increased in 2017. As the
fixed expenses and operating costs of the plaza is far higher than the income from rents and management expenses, the loss of this year is RMB 12,586,400 and increases
year on year.
7. In the reporting period, the operating income of SEG Intelligent decreases by 26.83% and the total profit decreases by 34.71%, mainly because the Company adjusted
business types and discontinued digital direct sales, resulting in decrease in the operating income.
8. In the reporting period, the Company sold all its equity of Wuxi SEG. In the reporting period, the operating income of the Company attributable to the listed company
decreases by 20.68% year on year. (For details, see the Announcement on the Progress of Transfer of the Equity of Wuxi SEG Electronics Market Co., Ltd. (No. 2017-071)
released on the information disclosure media designated by the Company on November 7, 2017.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
VIII. Information on Structured Entity Controlled by the Company
□ Applicable √ Not applicable
IX. Development outlook of the Company
(I) Development planning of the Company
In 2018, according to the 13th five-year plan, based on its development reality and existing resource capacities,
the Company will rely on the listed company platform, make full use of the capital market, integrate internal and
external resources, carry out capital operations in the form of \"external industrial M&A\" and \"investment fund\",
and transform itself into a platform for strategic emerging industries. On the basis of the electronics markets and
commercial real estate (industrial parks), the Company will also combine multiple business models, develop the
overall resource advantages, accelerate transformation and upgrading of the original electronics market, expand
from operation of a single business platform to the content production and operation, and create a business
model combining multiple business types, including the maker ecosystem, culture & education, intelligent
technology, sports & entertainment, virtual experience and e-sports.
(II) Fulfillment of investment plan of the Company
2017 annual project investment plan of the Company focuses on business transformation and upgrading. The
expected total investment amount is RMB 581,300,000. The fulfillment is shown in the table below:
Unit: RMB 10,000
No. Project name Annual Cumulative Project progress
budget completed
investment investment
1 Nantong SEG Times Plaza 14,500 6,556 The construction cost of the last year is paid.
2 New investment project 43,630 23,926
(1) Construction land has been obtained for the project.
Three shareholders have contributed capital (accounting
for 84%). The project construction planning has been
approved. Relevant equipment purchasing contracts have
SEG Longyan PV project 27,500 21,250 been drafted and submitted for review.
Shenzhen-Shantou Cooperation Zone SEG Longyan was
incorporated at the end of March 2017 which serves to
establish plants. The land leveling and compaction and
equipment purchasing are underway.
(2) 1. Nantong SEG e-sports Internet caféruns steadily.
2. Suzhou SEG e-sports Internet café was put into trial
Allied eSports and small e-sports
3,650 2,578 operation on June 20,2017 and runs steadily now.
stadium project
3. Shenzhen e-sports stadium was put into trial operation
in September, 2017.
(3) Railway Wi-Fi project 980
(4) Shenzhen Hongtu SEG Investment Management Co.,
Ltd. has completed the business registration formalities
Hongtu SEG fund project 10,000 - for shareholder changes, and is handling the registration
formalities with Asset Management Association of
China.
(5) New hotel investment project The Mellow Orange Hotel in Dongmen was officially
1,500 - open on May 1, 2017. The Company is looking for new
hotel projects.
Total 58,130 30,482
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Reason for the difference between the 2017 project investment plan and the fulfillment: 1. Hongtu SEG
Intelligent Industrial Fund is under approval and has not been funded yet; 2. the Company is looking for new
hotel projects; 3. for prudence, the Company does not invest in new electronics market projects.
(III) Summary of progress of development strategies and operation plans disclosed earlier in the reporting
period
According to the development strategies and operation plans disclosed by the Company in the annual report of
2016, in the reporting period, the main work done by the Company is as follows:
1. Completion of major assets restructuring
In order to reduce horizontal competition at the maximum, enhance the profitability and core competitiveness of
listed company, fully integrate the business of electronics markets by relying on the platform of the listed
company, eventually fulfill the integration, transformation and upgrading of current business of the listed
company, facilitate the Company to develop toward diversified business, extend the industrial chain, expand the
profit margins of the listed company, and enhance the influence of the listed brand, the Company carried out
major assets restructuring in 2016.
For restructuring, the Company intended to purchase 100% of the equity of SegMaker, 55% of the equity of SEG
Recreation, 100% of the equity of SEG Property Development and 79.02% of the equity of SEG Real Estate held
by SEG Group by means of issuing shares and paying cash to acquire assets, in which the percentage of payment
by the equity is 86.90% and that of cash payment 13.10%. At the same time, in order to improve the efficiency of
restructuring, the Company intended to raise the supporting fund for the restructuring from no more than 10
specific investors by means of non-public offering, with the total raised fund no more than 38.78% of the
transaction price of the assets to be acquired. According to the appraised value, the total amount of assets did not
exceed RMB 2 billion.
On November 15, 2016, China Securities Regulatory Commission Acquisition and Restructuring Committee
conditionally approved Shenzhen SEG issuing shares and paying cash to acquire assets and raising supporting
fund as well as related party transaction issues on the 85th Acquisition and Restructuring Committee Working
Meeting of 2016.
On January 17, 2017, the Company received the Approval on Shenzhen SEG Co., Ltd.'s Issuing Shares to
Shenzhen SEG Group Co., Ltd. to Acquire Assets and Raise Supporting Funds (Z. J. X. K. [2017] No. 21) issued
by China Securities Regulatory Commission (CSRC), which approved the Company to issue 450,857,239 shares
to SEG Group to acquire relevant assets and raise supporting funds for the said share issuance and asset
acquisition by non-public offering of no more than 201,207,243 new shares. The said approval document issued
by China Securities Regulatory Commission will be valid within 12 months after the issuance.
The transfer formalities of the subject assets were completed on January 19, 2017, and the 450,857,239 new
shares in A-share by non-public offering were listed for trading on March 6, 2017.
On February 15, 2017, the Company received the Acceptance Confirmation of the Application for Share
Registration issued by Shenzhen Branch of China Securities Depository and Clearing Company Limited,
specifying that the new shares were to be listed on March 6, 2017.
Since March 2017, the Company has started non-public offering as planned. The Company held investor
research meeting to find strategic investors for non-public offering. A total of 82 institutional and individual
investor subscription intention letters were collected. The Company also organized roadshows to vigorously
promote non-public offering.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
On January 5, 2018, the Company released the Announcement on Expiration of the Approval on Issuing Shares,
Acquiring Assets by Cash and Raising Supporting Funds. Due to changes in the capital market, since the
approval document was received, the stock price of the Company was different from the bottom issue price for
raising supporting funds most of the time. The Company fails to raise supporting funds within the approved
validity period. According to the approval document of CSRC, such approval automatically expires.
2. Transformation and upgrading of electronics markets and implementation of new businesses are actively
carried out by the Company.
(1) Consumer Electronic Exhibition/Exchange Center (CEEC) Project
On May 10, 2016, Shenzhen Futian Investment Development Co., Ltd., Shum Yip Land Company Limited and
Shenzhen SEG Co., Ltd. jointly invested and established Shenzhen International Consumer Electronic
Exhibition/Exchange Center Co., Ltd. On March 28, 2018, CEEC started business in Shum Yip UpperHills,
Futian District, Shenzhen. CEEC was jointly built by the Ministry of Industry and Information Technology and
Shenzhen Municipality according to the executed framework agreement. CEEC is designed to create a
world-level consumer electronic exhibition/exchange center that integrates new high-end consumers' electronic
product release, exhibition, user experience, investment and discussion, cooperation and transaction, based in
Shenzhen, serving the whole country, and facing the world. More than 300 international and domestic consumer
electronic brands have settled here.
(2) Railway Wi-Fi project
The Company, Zhuhai Zhongtong Lexing Network Technology Co., Ltd. and Shenzhen Donglinde Investment
Co., Ltd. jointly founded Shenzhen SEG Zhongtong Technology Co., Ltd. (SEG Zhongtong) on April 7, 2017
and participated in the Wi-Fi project of China Railway Corporation. For this purpose, the Company formed the
operation team of SEG Zhongtong to advance work. On July 5, 2017, the CMII ID for the railway Wi-Fi device
of SEG Zhongtong was issued by the Ministry of Industry and Information Technology and Shenzhen
Municipality. On December 4, 2017, the railway Wi-Fi device passed the test of China Railway Test &
Certification Center. Currently, the Company is discussing the railway Wi-Fi project to determine the future
plan.
(3) SEG Taobao e-commerce project
This project is designed for strategic cooperation business between the Company and Taobao. It is intended to
build online and offline business platforms and create innovative value-added services of O2O electronics
markets. After exploration and efforts for nearly one year, due to the impact of the market environment, item
restriction and other objective factors, the project cannot yield considerable income for the Company in short
time. Based on the actual condition of the project, the Company discontinued the SEG Taobao e-commerce
project in October 2017.
(4) Maker business
After restructuring, the maker business of the Company mainly includes the business of SEG CPARK and the
business of SegMaker.
In 2017, to further develop the teenager maker culture and education project and develop a complete SEG maker
ecosystem, the Company and Shenzhen eMaxCity Technology Co., Ltd. jointly contributed RMB 10 million to
found Shenzhen SEG Yicheng Science and Technology Co., Ltd. (subject to business registration) which is
intended to build and operate SEG maker education and technology experience museum and Chinese teenager
STEAM science education standard base (see the Announcement of Shenzhen SEG Co., Ltd. on the Establishment
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
of Shenzhen SEG Yicheng Science and Technology Co., Ltd. and Construction & Operation of SEG Maker
Education and Technology Experience Museum disclosed by the Company on August 11, 2017). The original
project personnel of SEG CPARK are included into the business team of this company.
Skyland Future Technology Museum, SEG maker education and technology experience museum in CEEC, was
officially open to the public on March 28, 2018. With the augmented MR/VR technology, Skyland Future
Technology Museum creates immersive interactive experience scenes, presents curriculum knowledge that
cannot be directly experienced or practiced in true-to-life 3D scenes, and provides teenagers with comprehensive
and systematic STEAM education.
The maker business of SEG CPARK centers on the maker ecosystem and integrates SEG Business Center, SEG
Business Apartment and SegMaker+. Established in June 2015, SegMaker+ relies on the maker business of
Huaqiangbei and business sectors of SEG Group, integrates industry, brand, and capital advantages of SEG
Group, coordinates the industry and market resources in the electronic information industry, provides product
release, display, roadshow, promotion, transaction, financing, and maker communication, training, and other
services for the maker community, supports the industrialization of maker products, and promotes the integration
of the industrial chain and the innovation chain.
In 2017, SegMaker+ opened two new branch stores, and SEG Seed Incubator was open. The sharing office
business forms replicable mature model. In 2017, SegMaker+ held the Innovation and Entrepreneurship Contest,
Innovation and Entrepreneurship Summit Forum, and roadshow meetings in 2017. SegMaker+ won four titles:
\"Shenzhen Innovation and Entrepreneurship Demonstration Base\", \"Shenzhen Overseas Student Pioneer Park\",
\"Guangdong Maker Space experimental Unit\", and \"Municipal Incubator Pioneer Park\". SegMaker+ had more
advantages in performing the innovation and entrepreneurship service function of the government. In the
reporting period, SegMaker+ was also awarded \"1st Batch of Shenzhen Innovation and Entrepreneurship Bases\"
and \"Shenzhen Overseas Student Pioneer Park\" from the Development and Reform Commission of Shenzhen,
Human Resources and Social Security Bureau of Shenzhen, and received the special support fund from the
People's Government of Shenzhen. SegMaker+ hosted \"Canada High-end Project Roadshow Meeting\", \"Taiwan
Youth Entrepreneurship Seminar\", \"China-Italy Innovation and Entrepreneurship Investment Cooperation
Meeting\", \"2017 HuaqiangbeiSEG Maker Star Feast\", \"Huawei LiteOS Hackathon (Shenzhen vs Taiwan)
Contest\" and many other maker activities, where SegMaker+ communicated with maker teams from home and
abroad, Mainland China, Hong Kong, Macao, and Taiwan. On the one hand, these activities achieved good social
effects, enhanced publicity of SegMaker+, and brought more maker project resources, laying a foundation for the
sustainable development of SegMaker+.
(5) Hongtu SEG Intelligent Industrial Investment Fund project
As of the end of the reporting period, Shenzhen Hongtu SEG Investment Management Co., Ltd. and Hongtu
SEG Intelligent Industrial Investment Fund (Limited Partnership) has completed business registration and is
handling registration formalities with Asset Management Association of China. Project reserves and research are
also in progress.
(6) New energy business
The new energy market has high potentials, is environment-friendly and ecological, and is an industry
encouraged and supported by the government. Among all enterprises that are engaged in the CdTe solar PV
industry, Advanced Solar Power (Hangzhou) Co., Ltd., as an enterprise that possesses the CdTe film cell module
technology with completely independent intellectual property, is a technically leading enterprise in the industry
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
both at home and abroad. SEG Longyan is committed R&D and manufacturing of CdTe solar cell modules, and
invests in and contracts for distributed PV power stations and BIPV projects.
Production and construction: In April 2017, Shenzhen-Shantou SEG Longyan won the bid for the land use right
of the state-owned construction land (plot No. E2016-0025) located at Ebu Town, Shenzhen-Shantou
Cooperation Zone and intended to use it for the CdTe film PV industrial base project (Shenzhen-Shantou Park
project). Shenzhen-Shantou SEG Longyan carried out land leveling and construction. To advance the
construction of the new energy project and promote the launch of the solar cell module production line, SEG
Longyan and Longyan Energy Technology agreed to rent the existing No. 2 Plant of Longyan Energy to build
and run the first production line. SEG Longyan invested and established a wholly-owned subsidiary in Hangzhou,
namely Hangzhou SEG Longyan, which is responsible for the investment and operation of the first production
line. For details, see the Announcement on Shenzhen SEG Longyan Energy Technology Co., Ltd.'s Investment
and Establishment of Hangzhou SEG Longyan Energy Technology Co., Ltd. disclosed by the Company in
designated information disclosure media on January 19, 2018. Hangzhou SEG Longyan is to start trial
production in 2018 Q4.
Market development: In 2017, (1) SEG Longyan completed the construction and grid connection of the 300 KW
distributed CdTe PV power station; (2) SEG Longyan signed a general contract for the 80 KW PV power station
project; (3) SEG Longyan won the subject of CSOT 2.1 MW distributed power station.
(IV) Main business development problems of the Company
1. Horizontal competition in the electronics market is increasingly intense. Due to weak macro-economic
recovery and continuous impact of e-commerce, the competition for customer and manufacturer resources is
fierce. As the industry grows slump, prices wars become an important way of scrambling for resources and
maintaining the occupancy rate. In the future, decrease in the rent income for the purpose of maintaining the
occupancy rate will add to operation difficulties of the electronics market. Some electronics market business falls
into trouble due to problems of partners.
2. Nantong SEG Times Plaza project faces certain operation risks. Due to increase in the supply of Nantong
commercial real estate in a short time and serious homogeneous competition, based on analysis of the present
and future macro-environment of Nantong commercial real estate, challenges remains in the operation of
Nantong SEG Times Plaza project.
3. New energy business competition is intensifying. On the one hand, the conversion efficiency of
mono-crystalline and polycrystalline products is significantly improved while the conversion efficiency of film
PV modules is hard to improve. On the other hand, as PV modules have plenty of capacity in Chin and the
market competition is fierce, those with outdated capacity are to be eliminated.
(V) Key tasks of the Company in 2018
1. To be a platform for strategic emerging industries, the Company will accelerate the effective integration of
business, personnel, organization, capital and information resources and develop business models and
management models that match the new platform. The Company will also make full use of the capital market
and develop the strategic emerging industries through investment and M&A.
2. The Company will strengthen institutional innovation, advance the mixed-ownership reform, actively respond
to the call of the central government for \"strengthening, optimizing, and expanding\" state-owned enterprises, and
establish and improve incentive mechanisms that suit the development of the Company with pilot programs in
investees.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
3. The Company will accelerate the construction of plants and production lines in Shenzhen-Shantou Park and
the establishment and operation of production lines in Hangzhou SEG Longyan, and strive for government
support.
4. Based on the existing electronics markets, the Company will utilize the service advantages and customer
resources of electronics markets, further develop the maker business, culture & education, intelligent technology,
sports & entertainment, virtual experience and e-sports, further create innovative value-added electronics market
services combining multiple business types, actively try innovative projects, vigorously promote the
transformation and upgrading of the original traditional business, and enhance its profitability and core
competitiveness.
5. The Company will further promote the development and operation of commercial real estate (industrial parks),
coordinate resources, and accelerate the construction, investment promotion, sales and operation of commercial
real estate (industrial parks) on the premise of product quality and work safety. The Company will adhere to the
diversified development strategy featuring \"real estate + culture + sports + finance + technology\", integrate
cultural real estate and sports real estate, enrich the content experience business types, expand its development
scale, and promote its market position.
6. The Company will improve the management quality, strengthen standard operation, and duly perform the
information disclosure obligation of the listed company. The Company will enhance communication with
investors and potential investors and enhance investors' understanding and recognition of the Company. The
Company will manage investor relations at multiple channels and levels, effectively safeguard the legitimate
rights and interests of investors, particularly small and medium investors. The Company will further develop and
implement the total risk management and internal control management systems, strengthen the responsibilities of
the risk subject, raise awareness of decision-making, further improve the risk management and control
mechanism, and conduct risk assessment throughout the cycle of major investment projects.
(VI) Risk warning
The future development planning and investment plan mentioned above do not reflect the profit estimation of
2018 by the Company. The results depend on multiple factors such as changes in market condition, and
uncertainties exist. Investors shall pay special attention to it.
X. Statement of receipt of surveys, communication and visits
1. Registration form for investigations, communication and Interviews in the reporting period
√ Applicable □ Not applicable
Time Means Type Basic information on investigation
Inquire about the progress of major assets restructuring. The
January 5, 2017 Phone call Individual Company has given a reply according to the actual progress
disclosed.
Inquire about the progress of major assets restructuring. The
January 10, 2017 Phone call Individual Company has given a reply according to the actual progress
disclosed.
Inquire about the progress of major assets restructuring. The
January 16, 2017 Phone call Individual Company has given a reply according to the actual progress
disclosed.
Inquire about the main business, transformation, and private
February 8, 2017 Phone call Individual placement of the Company. The Company has given a reply
according to the actual progress disclosed.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Time Means Type Basic information on investigation
Inquire about the main business, transformation, and private
February 22, 2017 Field research Institution placement of the Company. For details, see the disclosure on
irm.cninfo.com.cn.
Inquire about the number of shareholders as of February 28.
The Company has given a reply according to the register of
February 28, 2017 Phone call Individual
shareholders released by the Securities Depository and
Clearing Corporation.
Inquire about the main business, transformation, and private
March 10, 2017 Phone call Individual placement of the Company. The Company has given a reply
according to the actual progress disclosed.
Inquire about the number of shareholders as of March 15. The
Company has given a reply according to the register of
March 15, 2017 Phone call Individual
shareholders released by the Securities Depository and
Clearing Corporation.
Inquire about the main business, transformation, and private
February 8, 2017 Phone call Individual placement of the Company. The Company has given a reply
according to the actual progress disclosed.
Inquire about the main business, transformation, and private
February 22, 2017 Field research Institution placement of the Company. For details, see the disclosure on
irm.cninfo.com.cn.
Inquire about the number of shareholders as of February 28.
The Company has given a reply according to the register of
February 28, 2017 Phone call Individual
shareholders released by the Securities Depository and
Clearing Corporation.
Inquire about the number of shareholders as of April 15. The
Company has given a reply according to the register of
April 20, 2017 Phone call Individual
shareholders released by the Securities Depository and
Clearing Corporation.
Inquire about the number of shareholders as of April 28. The
Company has given a reply according to the register of
May 5, 2017 Phone call Individual
shareholders released by the Securities Depository and
Clearing Corporation.
Inquire about voting results of the general meeting of the
May 8, 2017 Phone call Individual Company. The Company has given a reply according to the
disclosed notice of the general meeting.
Inquire about the financial data of Q2. The Company asked
June 30, 2017 Phone call Individual investors to pay attention to 2017 semi-annual report of the
Company to be disclosed.
Inquire about the number of shareholders as of June 30. The
Company has given a reply according to the register of
July 5, 2017 Phone call Individual
shareholders released by the Securities Depository and
Clearing Corporation.
Inquire about the operating result of the Company in the first
July 10, 2017 Phone call Individual half of 2017. The Company advises investors to refer to the
semi-annual report 2017.
Inquire about the progress of raising supporting funds. The
August 15, 2017 Phone call Individual
Company has given a reply according to the actual progress.
Inquire about the number of shareholders as of August 15. The
Company has given a reply according to the register of
August 17, 2017 Phone call Individual
shareholders released by the Securities Depository and
Clearing Corporation.
Inquire about when a new director will take position after
resignation of the Chairman of the Board of Directors. The
September 1, 2017 Phone call Individual Company has replied that the chairman will be re-elected soon
according to the Articles of Association and relevant
provisions.
September 10, 2017 Phone call Individual Inquire about the main business, transformation and
supporting fund raising of the Company. The Company has
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Time Means Type Basic information on investigation
given a reply according to the actual progress disclosed.
Inquire about the number of shareholders as of September 15.
The Company has given a reply according to the register of
September 18, 2017 Phone call Individual
shareholders released by the Securities Depository and
Clearing Corporation.
Inquire about the directors, supervisors and senior executives'
October 11, 2017 Phone call Individual increasing holdings of the Company. The Company has given
a reply according to the actual progress disclosed.
Inquire about the financial data of Q3. The Company asked
October 17, 2017 Phone call Individual investors to pay attention to 2017 Q3 report of the Company to
be disclosed.
Inquire about the number of shareholders as of October 15.
The Company has given a reply according to the register of
October 20, 2017 Phone call Individual
shareholders released by the Securities Depository and
Clearing Corporation.
Inquire about the number of shareholders as of October 31.
The Company has given a reply according to the register of
November 4, 2017 Phone call Individual
shareholders released by the Securities Depository and
Clearing Corporation.
Inquire about stock suspension. The Company has given a
November 13, 2017 Phone call Individual
reply according to the announcement disclosed.
Inquire about stock resumption. The Company has given a
November 15, 2017 Phone call Individual
reply according to the actual progress disclosed.
For details, see the information disclosed by the Company on
November 21, 2017 Field research Individual
irm.cninfo.com.cn.
Inquire about the progress of controlling shareholders'
November 27, 2017 Phone call Individual increasing holdings of the Company. The Company has given
a reply according to the actual progress disclosed.
Inquire about the reason for the resignation of the Secretary of
December 12, 2017 Phone call Individual the Board. The Company has given a reply according to the
announcement disclosed.
Inquire about the number of shareholders as of November 30.
The Company has given a reply according to the register of
December 05, 2017 Phone call Individual
shareholders released by the Securities Depository and
Clearing Corporation.
Inquire about the progress of the Company's reducing holdings
of Huakong SEG. The Company advised investors to pay
December 14, 2017 Phone call Individual
attention to the progress report disclosed in the designated
information disclosure media.
Inquire about the operating result of Q4. The Company asked
December 18, 2017 Phone call Individual investors to pay attention to 2017 annual report of the
Company to be disclosed.
Inquire about the reason for the resignation of the Secretary of
December 21, 2017 Phone call Individual the Board. The Company has given a reply according to the
announcement disclosed.
Frequency of reception
Number of institutions received
Number of individuals received
Number of other objects received
Is there any important information disclosed? No
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Chapter 5 Important Matters
I. Plan of common share profit distribution and plan of transfer of capital reserves into share
capital
Information on the establishment, implementation or adjustment of the ordinary share profit distribution policy,
especially the cash dividend policy:
□ Applicable √ Not applicable
According to the Articles of Association and Shareholder Return Plan for the Next Three Years (2015-2017), the
Annual Profit Distribution Plan of 2016 was formulated by the Company in 2017 and passed by the Board of
Directors and general meeting. The Company accrued 10% of the profit available for distribution (RMB
11,880,703.37) as the statutory surplus reserve, and distributed cash dividend of RMB 0.30 (tax included) for
every 10 shares to all shareholders based on the total share capital of 1,235,656,249 shares after the Company
issued shares to SEG Group through public offering. The total amount of profit distribution of the Company was
RMB 37,069,687.47, in which the cash dividend accounted for 100%. The Company did not transfer reserves
into share capital this year. The annual profit distribution plan of 2016 was completed on August 21, 2017.
Special explanation of cash dividend policy
Does it comply with the Article of Association of the Company
Yes
or the resolutions of the meeting of shareholders?
Are the dividend standard and ratio explicit and clear? Yes
Are the decision-making procedure and mechanism perfect? Yes
Do independent directors fulfill their obligations and play their
Yes
role?
Is there any channel for medium and small shareholders to fully
express themselves? Are their legitimate rights and interests fully Yes
protected?
Are the conditions and procedure for adjustment or change of
Yes
cash dividend policy compliant and transparent?
Information on the ordinary share profit distribution plan (proposal) and the plan of transfer of capital reserves
into share capital (proposal) in the recent three years (including the reporting period)
Pursuant to the Accounting Standard for Business Enterprise 2014, the investment in subsidiaries by the
Company was calculated based on the basis of cost method, the profit of parent company remained bigger
differences with consolidated profit. In accordance with relevant provisions of the Company Law, the profit
distribution was implemented with the parent company as the main body. Therefore, the profit distribution of the
Company in 2017, 2016, and 2015 was implemented depending on the distributable profit of the parent
company.
1. According to audit by Da Hua Certified Public Accountants Co., Ltd., the net profit of the parent company
attributable to the listed company in 2017 is RMB 169,074,330.91, the undistributable profit at the beginning of
the year is RMB 146,342,426.58, and the profit available for distribution among shareholders is RMB
315,416,757.49. According to the Articles of Association and Shareholder Return Plan for the Next Three Years
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
(2015-2017) of Shenzhen SEG Co., Ltd., the profit distribution proposal of 2017 is as follows: The Company has
accrued 10% of the net profit of the current year (RMB 11,880,703.37) as the statutory surplus reserve, and plans
to distribute cash dividend of RMB 0.55 (tax included) for every 10 shares to all shareholders based on
1,235,656,249 share capital. The Company plans not to transfer capital reserves into share capital in 2017.
2. Profit distribution proposal and the proposal for transfer of capital reserves into share capital in 2016:
According to audit by Da Hua Certified Public Accountants Co., Ltd., the net profit of the parent company
attributable to the listed company in 2016 amounted to RMB 118,807,033.67, the undistributed profit at the
beginning of the year is RMB 63,085,510.75, and the current profit available for distribution among shareholders
was RMB 181,892,544.42. According to the Articles of Association and Shareholder Return Plan for the Next
Three Years (2015-2017), the annual profit distribution plan of 2016 is as follows: The Company will accrue
10% of the profit available for distribution (RMB 11,880,703.37) as the statutory surplus reserve, and distribute
cash dividend of RMB 0.30 (tax included) for every 10 shares to all shareholders based on the total share capital
of 1,235,656,249 shares after the Company issued shares to SEG Group through public offering. The total
amount of profit distribution of the Company is RMB 37,069,687.47, in which the cash dividend accounts for
100%. The Company plans not to transfer reserves into share capital this year.
3. Profit distribution proposal and the proposal for transfer of capital reserves into share capital in 2015:
According to audit by Da Hua Certified Public Accountants Co., Ltd., the net profit of the parent company
attributable to the listed company in 2015 amounted to RMB 92,305,001.57, the undistributed profit at the
beginning of the year is RMB -22,209,989.62, and the current profit available for distribution among
shareholders was RMB 70,095,011.95. The annual profit distribution plan of 2015 was as follows: The statutory
surplus reserve was RMB 7,009,501.20, accrued at 10% of the profit available for distribution. Based on
784,799,010 share capital of the Company as of December 31, 2015, the Company distributed cash dividend of
RMB 0.30 (tax included) for every 10 shares to all shareholders. The total amount of profit distribution of the
Company in 2015 was RMB 23,543,970.30, in which the cash dividend accounted for 100%. The Company did
not transfer capital reserves into share capital.
Table of distribution of ordinary share cash dividends by the Company in the recent three years (including the
reporting period)
Unit: Yuan
Net profit
Ratio of net profit
attributable to
attributable to
ordinary
ordinary Amount of cash Percentage of cash
Year for bonus Amount of cash shareholders of
shareholders of dividends otherwise dividends otherwise
distribution bonus (incl. tax) listed company in
listed company in distributed distributed
consolidated
consolidated
statement of bonus
statement (%)
year
2017 67,961,093.70 219,553,261.10 30.95% 0 0.00%
2016 37,069,687.47 107,560,213.41 15.07% 0 0.00%
2015 23,543,970.30 74,242,090.49 13.35% 0 0.00%
The net profit of the Company was positive and the profit of the parent company to be distributed to ordinary
shareholders was also positive, but the proposal for distribution of cash dividends was not put forward.
□ Applicable √ Not applicable
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
II. Plan of profit distribution and plan of transfer of capital reserves into share capital in the
reporting period
√ Applicable □ Not applicable
Number of bonus shares for every 10 shares
Dividend for every 10 shares (yuan) (tax
0.55
included)
Reserves transferred into share capital for every
10 shares
Equity base of the distribution plan 1,235,656,249
Total cash dividend (yuan) (tax included) 67,961,093.70
Profit available for distribution (yuan) 315,416,757.49
Percentage of cash dividend in total profit
100%
distribution
Information on cash dividend
Others
Details of the profit distribution proposal or the proposal for transfer of capital reserves into share capital
1. According to audit by Da Hua Certified Public Accountants Co., Ltd., the net profit of the parent
company attributable to the listed company in 2017 is RMB 169,074,330.91, the undistributable profit at the
beginning of the year is RMB 146,342,426.58, and the profit available for distribution among shareholders is
RMB 315,416,757.49. According to the Articles of Association and Shareholder Return Plan for the Next
Three Years (2015-2017) of Shenzhen SEG Co., Ltd., the profit distribution proposal of 2017 is as follows: The
Company has accrued 10% of the net profit of the current year (RMB 11,880,703.37) as the statutory surplus
reserve, and plans to distribute cash dividend of RMB 0.55 (tax included) for every 10 shares to all
shareholders based on 1,235,656,249 share capital. The Company plans not to transfer capital reserves into
share capital in 2017.
III. Fulfillment of Commitments
1. Commitments fulfilled in the reporting period or yet to be fulfilled as of the end of the reporting period
by the Company, shareholders, actual controllers, purchaser, directors, supervisors, senior executives or
other associates
√ Applicable □ Not applicable
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Commitment Commitment
Commitments Subject Type Content Performance
date term
Commitment for share
Not applicable
reform
\"1. The Company undertakes that as of October 31, 2015, controlling shareholders of
Shenzhen SEG or other related persons who occupy funds of Shenzhen SEG or the
subject company due to non-operating events will repay them before the shareholders'
meeting that is intended to review the restructuring plan;
2. After restructuring, the financial independence of the listed companies shall be
guaranteed and no illegal occupation of funds of listed companies will occur;
3. The Company will abide by and urge listed companies to abide by relevant laws and
administrative regulations such as the Code on Corporate Governance of Listed
Companies, the Notice on Regulating the Funds Transfers between Listed Companies and
Related Parties and the External Guarantee of Listed Companies, and the Listing Rules
of Shenzhen Stock Exchange, regulations, regulatory documents, and Shenzhen Stock
Commitment on Exchange business rules, and improve awareness of compliance;
horizontal
Shenzhen SEG 4. The Company will exercise the rights of shareholders according to law, and will not August 3,
competition,
Group Co., abuse the rights of shareholders to damage the interests of listed companies and other 2016 Long-term In progress
related
Ltd.
transaction, and shareholders;
capital occupation 5. The Company will optimize the governance structure of listed companies, improve the
Commitments in the internal control system, regulate the operation of the three organs, give full play to
Acquisition Report functions and supervisory role of independent directors and the Board of Supervisors, and
and the Report of restrict decision-making and operation by controlling shareholders and actual controllers
Changes on Equity of the Company;
6. The Company will fulfill the obligation of information disclosure strictly in accordance
with relevant provisions, actively cooperate with listed companies on information
disclosure, timely inform major events incurred or to be incurred, and ensure the
authenticity, accuracy, integrity, timeliness and fairness of information disclosure. In case
of breach of the foregoing commitments, the Company will bear all losses thus incurred
to Shenzhen SEG, the subject company, other companies, enterprises, or other economic
organizations controlled by the Company.\"
\"1. When the Company acts as the controlling shareholder of Shenzhen SEG, the
Company, other companies, enterprises, or other economic organizations controlled by
Commitment on the Company, will minimize and regulate connected transactions with Shenzhen SEG or
horizontal the subject company, other companies, enterprises, or other economic organizations
Shenzhen SEG
competition, controlled by the Company. August 3,
Group Co., Long-term In progress
Ltd.
related 2. When the restructuring is completed, the Company, other companies, enterprises, or 2016
transaction, and other economic organizations controlled by the Company will handle connected
capital occupation transactions with Shenzhen SEG or the subject company that are unavoidable or incurred
for reasonable cause at fair and reasonable market price, perform the decision-making
procedure for connected transactions according to relevant laws, regulations, and
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
normative documents, fulfill the obligation of information disclosure and handle the
approval procedures according to the law, do not use the dominant position of the
controlling shareholder to damage the legal rights and interests of Shenzhen SEG and
other shareholders.
3. The Company, other companies, enterprises, or other economic organizations
controlled by the Company will not use the rights of shareholders of the listed company
or the actual control ability to manipulate or instruct the listed company or its directors,
supervisors and senior executives to have the listed company unfairly provide or accept
funds, goods, services or other assets, or engage in any acts detrimental to the interests of
listed companies. In case of breach of the following commitments, the Company will
bear all losses thus incurred to Shenzhen SEG, the subject company, other companies,
enterprises, or other economic organizations controlled by the Company.\"
\"1. In the restructuring, relevant assets, such as some commercial electronics markets of
SEG Group that constitute horizontal competition, have not been injected into the listed
company. SEG Group will trust such assets to Shenzhen SEG or its subsidiaries after the
major asset restructuring. Within 5 years after the major asset restructuring, SEG Group
will take all necessary measures to solve flaws of such assets, and incorporate the
preceding specialized electronics markets that constitute horizontal competition into
Shenzhen SEG or transfer them to the third party in a feasible way such as sales based on
operating needs of Shenzhen SEG and the completeness of the ownership of such assets.
If SEG Group fails to complete the foregoing matters as scheduled, before injecting
relevant assets to Shenzhen SEG, SEG Group shall lease them to Shenzhen SEG for
direct operation and enjoy the income from such property. The annual rent of Shenzhen
SEG is the depreciated value of such property. Profit and loss incurred by leasing of such
property assets shall be shared by Shenzhen SEG. The parties shall separately enter into a
Commitment on leasing agreement.
horizontal 2. Except assets owned and business operated before the validity date of commitment,
Shenzhen SEG
Group Co.,
competition, when acting as a controlling shareholder or actual controller of Shenzhen SEG, in order to August 03, Long-term In progress
Ltd.
related guarantee sustainable development of Shenzhen SEG, the Company will exercise 2016
transaction, and supervision and restriction on operating activities of its own and affiliated enterprises
capital occupation under its control, will not establish new or acquire any assets or business same as or
similar to its main business within the operation area of Shenzhen SEG, and will not be
engaged in any activities that may damage the interests of Shenzhen SEG and other
companies and enterprises controlled by Shenzhen SEG, or other economic organizations.
If in the future there is any business opportunity same as or similar to other main business
within Shenzhen SEG operation area, such opportunity will preferentially be
recommended to Shenzhen SEG and other companies and enterprises controlled by
Shenzhen SEG, or other economic organizations. However, any of the following cases is
an exception: (1) Due to national laws, regulations and policies and other reasons, any
commercial properties and real estate development projects appropriated or allocated
through oriented protocols by the government to SEG Group and any enterprises invested
by it; or (2) when the general conditions of tender, transfer or assignment of specific
commercial properties and real estate development projects have specific requirements
on the bidder or assignee, Shenzhen SEG is not qualified y but SEG Group is qualified.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Commercial property and real estate development projects that are same as the main
business of Shenzhen SEG or result in horizontal competition subject to the above
exclusions may be invested and built by SEG Group at first. If Shenzhen SEG thinks that
such assets are eligible to be injected into Shenzhen SEG, upon receipt of the written
acquisition notice from Shenzhen SEG, SEG Group will negotiate on acquisition and
transfer such projects to Shenzhen SEG. In case of breach of the foregoing commitments,
the Company will bear all losses thus incurred to Shenzhen SEG, the subject company,
other companies, enterprises, or other economic organizations controlled by the
Company.\"
\"1. The Company will guarantee the independence of personnel of Shenzhen SEG and
subject company: (1) After completion of the restructuring, the labor, personnel and
compensation management of Shenzhen SEG are independent from the Company and
related parties, such as other companies, enterprises, or other economic organizations
controlled by the Company. (2) After completion of the restructuring, senior executives
of Shenzhen SEG and the subject company hold full-time position at Shenzhen SEG and
the subject company and receive compensation, and will not assume any duties other than
director and supervisor in the Company and related parties, such as other companies,
enterprises, or other economic organizations controlled by the Company. (3) After
completion of the restructuring, the Company will not interfere with the shareholders'
meeting and the Board of Directors' exercise of power in appointment/dismissal of
personnel.
2. The Company will guarantee the independence of organs of Shenzhen SEG and the
subject company: (1) After completion of the restructuring, Shenzhen SEG and the
subject company will develop a sound corporate governance structure and an independent
and complete organizational structure. (2) After completion of the restructuring, the
Shenzhen SEG shareholders' meeting, the Board of Directors, and the Board of Supervisors of Shenzhen
Other August 3,
Group Co., SEG and the subject company will exercise duties and powers according to laws, Long-term In progress
commitment
Ltd. regulations and articles of association of Shenzhen SEG and the subject company.
3. The Company will guarantee the independence and completeness of Shenzhen SEG
and the subject company: (1) After completion of the restructuring, Shenzhen SEG and
the subject company will have independent and complete assets related to production and
management. (2) After completion of the restructuring, the site for business operation of
Shenzhen SEG and the subject company are independent of the Company and related
parties, such as other companies, enterprises, or other economic organizations controlled
by the Company. (3) After completion of the restructuring, except normal operational
contacts, Shenzhen SEG and the subject company are not involved in the following case:
funds or assets are occupied by the Company and related parties, such as other
companies, enterprises, or other economic organizations controlled by the Company.
4. The Company will guarantee the business independence of Shenzhen SEG and the
subject company: (1) After completion of the restructuring, Shenzhen SEG and the
subject company own relevant qualification for independent business operation, and have
the independent and sustainable market-oriented operation capability. (2) Except assets
owned and business operated before the validity date of commitment, when acting as a
controlling shareholder of Shenzhen SEG, in order to guarantee sustainable development
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
of Shenzhen SEG, the Company will exercise supervision and restriction on operating
activities of its own and the affiliated enterprises under its control, will not establish new
or acquire any assets or businesses same as or similar to its main business within the
operation area of Shenzhen SEG, and will also not be engaged in any activities which
may damage the interests of Shenzhen SEG and other companies, enterprises, or other
economic organizations controlled by Shenzhen SEG. If in the future there is any
business opportunity same as or similar to other main business within Shenzhen SEG
operation area, such opportunity will be preferentially recommended to Shenzhen SEG
and other companies, enterprises, or other economic organizations controlled by
Shenzhen SEG. (1) Due to national laws, regulations and policies and other reasons, any
commercial properties and real estate development projects appropriated or allocated
through oriented protocols by the government to SEG Group and any enterprises invested
by it; or (2) When the general conditions of tender, transfer or assignment of specific
commercial properties and real estate development projects have specific requirements
on the bidder or assignee, Shenzhen SEG is not qualified but SEG Group is qualified.
Commercial property and real estate development projects that are same as the main
business of Shenzhen SEG or result in horizontal competition subject to the above
exclusions may be invested and built by SEG Group at first. If Shenzhen SEG thinks that
such assets are eligible to be injected into Shenzhen SEG, upon receipt of the written
acquisition notice from Shenzhen SEG, SEG Group will negotiate on acquisition and
transfer such projects to Shenzhen SEG. (3) After completion of the restructuring, the
Company and related parties, such as other companies, enterprises, or other economic
organizations controlled by the Company will reduce related transactions with Shenzhen
SEG and the subject company and other companies, enterprises, or other economic
organizations controlled by them; for any related transactions that are indeed necessary
and unavoidable, the Company will handle them at fair price based on the market
principle, and fulfill relevant approval procedures and the information disclosure
obligation according to provisions of relevant laws, regulations and normative
documents.
5. The Company will guarantee the financial independence of Shenzhen SEG and the
subject company: (1) After completion of the restructuring, Shenzhen SEG and the
subject company will establish an independent financial department, independent
financial accounting system, and standard and independent financial accounting rules. (2)
After completion of the restructuring, Shenzhen SEG and the subject company will
separately open an account in banks, and do not share accounts with the Company and
related parties, such as other companies, enterprises, or other economic organizations
controlled by the Company. (3) After completion of the restructuring, financial personnel
of Shenzhen SEG and the subject company will not hold a part-time job in the Company
or related parties, such as other companies, enterprises, or other economic organizations
controlled by the Company. (4) After completion of the restructuring, Shenzhen SEG and
the subject company will independently make financial decisions, and the Company will
not interfere with fund usage of Shenzhen SEG and the subject company. (5) After
completion of the restructuring, Shenzhen SEG and the subject company will pay taxes
independently according to laws. In case of breach of the foregoing commitments, the
Company will bear all losses thus incurred to Shenzhen SEG, and the subject company.\"
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
\"(I) Contract subjects and date of signing
Shenzhen SEG and SEG Group signed Performance Commitment and Compensation
Agreement on August 3, 2016.
(II) Performance commitment period
Three accounting periods following the completion of the transaction (including the year
of completion and the following consecutive two accounting periods). If the transaction is
completed before December 31, 2016 (included), the performance commitment period
includes 2016, 2017, and 2018. If the transaction is completed between December 31,
2016 and December 31, 2017 (included), the performance commitment period includes
2017, 2018, and 2019. After the completion of the transaction, Shenzhen SEG shall hire
an accounting firm with the qualification of securities that is recognized by SEG Group
within 4 months after the end of each accounting period during the performance
commitment period to respectively issue a special audit report and/or an impairment test
report (hereinafter referred to as the \"special audit report\") with respect to the promised
net profit/promised cash flow income/promised development profit (hereinafter
collectively referred to as \"promised performance\") related to assets within the Three
transaction compensation scope agreed in the agreement, and recognize the promised accounting
performance or impairment of assets within the transaction compensation scope in each years from
year during the performance commitment period. the year of
completion
(III) Performance commitment and performance compensation of
Commitments made at Underlying assets injected into Shenzhen SEG in this transaction are subject to multiple
Shenzhen SEG restructuring
the time of Performance appraisal methods: 100% of the equity of SegMaker, 55% of the equity of SEG August 3,
Group Co., (including In progress
restructuring of major Commitment Recreation, and 79.02% of the equity of SEG Property Investment are priced on the basis 2016
Ltd. the year of
assets of appraisal conclusion with the asset-based method, in which property assets are subject completion
to the income method and market method and real estate development in the long-term and the
equity investment is subject to the hypothetical development method; 100% of the equity subsequent
of SEG Property Development and 100% of the equity of SEG Property Management (a two
wholly-owned subsidiary of SEG Property Investment) are subject to the income method. accounting
Therefore, all parties recognize and agree that the performance guarantee of relevant years)
underlying assets of the transaction and the compensation methods shall be carried out
according to the following stipulations:
1. Performance guarantee of underlying assets appraised by income approach and
performance compensation
(1) If the transaction is completed before December 31, 2016 (included), SEG Group
warrants that: 1) Audited net profits of SEG Property Development after the deduction of
non-recurring profits and losses and investment income of 2016, 2017 and 2018
respectively (hereinafter referred to as \"guaranteed net profits\") shall not be lower than
RMB 8.05 million, RMB 7.85 million and RMB 7.75 million respectively; 2) The
guaranteed net profits of SEG Property Management of 2016, 2017 and 2018 shall not be
lower than RMB 4,05 million, RMB 3.45 million and RMB 3.6 million respectively; 3)
The net profits attributable to the parent company (net profits attributable to the parent
company = shareholding percentage of parent company x [income actually realized by
corresponding property assets (including the income of new area after renovation of
property assets)-depreciation and amortization of the cost of renovation-direct cost and
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
management costs (including urban property tax, business tax, urban construction tax and
education surtax, stamp duty, maintenance tax, insurance premium and land use tax,
excluding depreciation and amortization)-relevant losses caused by renovation (if
any)-other operating costs and taxes of corresponding properties (including income tax)],
hereinafter referred to as \"guaranteed net profits\") of the property assets (minus the parts
used by the companies) of SegMaker, SEG Recreation and SEG Real Estate of 2016,
2017 and 2018 appraised by income approach shall not be lower than RMB 63,013,500,
RMB 59,995,800 and RMB 77,627,200 respectively.
(2) If the transaction is completed after December 31, 2016 and before December 31,
2017 (included), SEG Group warrants that: 1) Guaranteed net profits of SEG Property
Development of 2017, 2018 and 2019 respectively shall not be lower than RMB 7.85
million, RMB 7.75 million and RMB 7.75 million respectively; 2) The guaranteed net
profits of SEG Property Management of 2017, 2018 and 2019 shall not be lower than
RMB 3.45 million, RMB 3.60 million and RMB 3.75 million respectively; 3) The
guaranteed net profits corresponding to the property assets (minus the parts used by the
companies) of 2017, 2018 and 2019 as appraised by income approach of SegMaker, SEG
Recreation and SEG Real Estate shall not be lower than RMB 59,995,800, RMB
77,627,200 and RMB 94,723,100 respectively.
(3) If the actual net profits on the foregoing assets appraised by income approach after
accumulative deduction of non-operating profits and losses as of the end of any year
during the performance guaranteed period are lower than the accumulatively guaranteed
net profits of corresponding assets as of the end of such year, SEG Group shall use Shen
SEG shares obtained by acquisition of relevant assets as the consideration to make
compensation for Shenzhen SEG in terms of the shares issued to SEG Group according
to the following calculation method. For the part not covered by shares, SEG Group shall
compensate in cash: 1) to compensate 100% of the equity of SEG Property Development
and 100% of the equity of SEG Property Management appraised by income approach: I.
Number of shares to be compensated every year = (accumulated guaranteed net profits as
of the end of the current period -actually accumulated net profits as of the end of the
current period)/total guaranteed net profits of years during the compensation period x
total subscribed shares-amount of compensated shares. Remarks: The \"total subscribed
shares\" refers to the total number of shares obtained by SEG Group by subscribing all
shares issued by Shenzhen SEG at 100% of the equity of SEG Property Development and
100% of the equity of SEG Property Management appraised, i.e. total subscribed shares =
100% of the equity of SEG Property Development or 100% of the equity of SEG
Property Management as the overall price/offering price of the shares issued this time to
purchase assets. When the number of shares of Shenzhen SEG is calculated by 100% of
the equity of SEG Property Management, the impact of the 79.02% of the equity of SEG
Real Estate (the parent company of SEG Property Management) held by SEG Group
should be taken into consideration. II. The part not covered by shares will be
compensated by SEG Group in cash. Amount of extra cash to be compensated = number
of shares not covered x offering price of the shares issued this time to purchase assets.
2) Compensation of property assets held by all target companies appraised by income
approach
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
I. Number of shares to be compensated every year = (accumulated guaranteed net
profits as of the end of the current period -actually accumulated net profits as of the end
of the current period)/total guaranteed net profits of years during the compensation period
x total subscribed shares-amount of compensated shares. Remarks: The \"total subscribed
shares\" in the foregoing formula refers to the total number of shares obtained by SEG
Group by subscribing all shares issued by Shenzhen SEG at the price of the property
assets (including the property assets appraised by income approach and are held by
SegMaker, SEG Recreation and SEG Real Estate) appraised by income approach, i.e.
total subscribed shares = appraised price of the property assets appraised by all target
companies with income approach/the offering price of the shares issued this time to
purchase assets. When the number of shares of Shenzhen SEG is calculated, the impact of
the percentages of share rights of all target companies held by SEG Group shall be taken
into consideration. II. The part not covered by shares will be compensated by SEG Group
in cash. Amount of extra cash to be compensated = number of shares not covered x
offering price of the shares issued this time to purchase assets.
(4) When the performance guaranteed period expires, Shenzhen SEG shall hire the
Certified Public Accountants with securities practice qualification recognized by both
parties to carry out impairment test on the foregoing assets appraised by income approach
and issue the impairment test report. If the impairment amount at the end of the current
period of the assets appraised by income approach is greater than the total number of
shares compensated during the performance guaranteed period x offering price of the
shares issued this time to purchase assets + total amount of cash compensated, SEG
Group shall make compensation for the impaired part of such assets of Shenzhen SEG: 1)
Number of shares compensated for the impaired part of the assets appraised by income
approach = impairment amount at the end of the current period of the underlying assets
appraised by income approach/offering price of the shares issued this time - total shares
already compensated during the performance guaranteed period. 2) The part not covered
by shares will be compensated by SEG Group in cash. Amount of extra cash to be
compensated = number of shares not covered x offering price of the shares issued this
time to purchase assets.
(5) Under any circumstances, the total number of shares compensated arising from the
actual net profits less than the guaranteed net profits and the impairment test in total shall
be limited to the total number of Shen SEG shares (including share increase by transfer
and stock dividends) obtained by subscription with 100% of the equity of SEG Property
Development, 100% of the equity of SEG Property Management and property assets of
target companies appraised by SEG Group with income approach. The part not covered
will be compensated in cash by SEG Group, which is limited to the cash consideration
paid for Shen SEG shares with such assets.
2. Performance guarantee of underlying assets appraised by hypothetical development
method and performance compensation
(1) SEG Group warrants that the actual development profits (hereinafter referred to as
\"guaranteed development profits\") of SEG ECO Phase I Project, Shenzhen SEG
International Electronics Industry Center Project of Shenzhen SEG New City
Construction and Development Co., Ltd. (hereinafter referred to as \"SEG New City
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Development\"), Xi'an SEG Plaza Project of Xi'an SEG (subsidiary of SEG Real Estate),
and the remaining building of Oriental Venice Project and SEG Holiday Plaza Project of
Huizhou Stars Real Estate Development Co., Ltd. (subsidiary of SEG Real Estate) shall
not be lower than RMB 104,007,500, RMB 449,494,900, RMB 661,619,900, RMB
18,501,000 and RMB 154,605,400 respectively.
(2) The compensation period of the transaction is three fiscal years from the year of
completion of the transaction (included). When the restructuring compensation period
expires, Shenzhen SEG shall hire the Certified Public Accountant with securities practice
qualification recognized by both parties to carry out audit on the realized profits of the
foregoing real estate projects appraised by hypothetical development method (including
the development profits realized in the transitional period) and unrealized development
profits (if any), and issue special audit reports respectively. If, during the period from the
appraisal base date to the expiry date of the three-year guaranteed period, the achieved
sales area of the real estate projects under the underlying assets (hereinafter referred to
the \"achieved sales area\") fails to reach 90% of the remaining sellable area as of the
appraisal base date or the sellable area after completion, SEG Group agrees to extend the
performance guaranteed period of the real estate projects appraised by hypothetical
development method to the end of the year when the achieved sales area reaches 90%
(i.e. December 31 of that year). All the real estate projects appraised by hypothetical
development method shall be subject to the foregoing stipulations separately. During the
transaction compensation period, the amount of the capital raised this time with impact
shall be deducted from realized and unrealized development profits (if any) of the real
estate projects appraised by hypothetical development method, the calculation formula of
the amount of the supporting capital raised this time with impact is as below: amount of
the supporting capital raised this time with impact on the performance guarantee =
amount of the supporting capital raised this time actually used in funded projects x
interest of loan from the bank of corresponding period x (1 - income tax rate of the
implementation subject of implementation of the funded projects) x actual days of capital
use/365, in which the interest of loan from the bank of corresponding period shall be
determined by the interest rate of loan of 1 to 3 years of the People's Bank of China of the
corresponding period of the actual operation plus 20% extra, and the actual days of use of
the capital raised shall be calculated by the natural days during the period from the date
on which the raised capital is provided to the implementation subject of the funded
project till the earlier one of the expiry date of the compensation period and the date on
which relevant capital is repaid to the listed company. If the total amount of the realized
development profits and the unrealized development profits (if any) of such real estate
projects is lower than the guaranteed development profits, SEG Group shall compensate
Shenzhen SEG with the shares used by Shenzhen SEG as payment consideration
acquired from relevant project subscription according to the following calculation
method, and SEG Group shall compensate in cash the part not covered by shares: 1)
number of shares to be compensated = [accumulated realized development profits from
the base date of appraisal to the expiry date of the performance guarantee period -
unrealized development profits of the projects (if any)]/guaranteed development profits x
total subscribed shares. Remarks: In the foregoing formula, the \"total subscribed shares\"
refer to the total number of shares obtained by SEG Group by using the real estate
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
projects held indirectly that are appraised by hypothetical development method to
subscribe the total shares issued by Shenzhen SEG. When the number of shares
subscribed of Shenzhen SEG is calculated, the impact of the percentage of equity of SEG
Real Estate held by SEG Group and that of the foregoing real estate projects held by SEG
Real Estate shall be taken into consideration. The realized development profits in the
foregoing formula refer to the net profits of the projects after deducting corresponding
inventory development cost already carried forward, expenses and taxes from the realized
sales income of real estate projects as of the expiry date of the restructuring
compensation period. The unrealized development profits refer to that if there are
development products not sold yet in corresponding real estate projects when the
restructuring compensation period expires, the unrealized development profits
corresponding to the remaining development products shall be determined according to
the following methods: unrealized development profits = estimated unit sales price of the
remaining development products x area - book cost corresponding to development
products - estimated sales cost - estimated sales cost - measured land VAT - measured
income tax. Remarks: In the estimated unit sales price of the remaining development
products, if a sales contract has been signed, the unit price set out in the contract shall
prevail, and if no sales contract has been signed, the unit sales price shall be determined
by the unit sales price of the same type of products sold earlier; the area shall be
determined by the actually sold sales area corresponding to the development product;
estimated sales cost shall be determined according to the percentage of the sales cost
corresponding to the sales product in the sales income; estimated sales taxes shall be
determined according to the fee standard of the real estate industry; and measured land
VAT and income tax shall be calculated according to relevant standards of the tax laws.
2) The part not covered by shares will be compensated by SEG Group in cash.
Amount of extra cash to be compensated = number of shares not covered x offering price
of the shares issued this time to purchase assets.
(3) When the performance guaranteed period expires, Shenzhen SEG shall hire the
Certified Public Accountant with securities practice qualification recognized by both
parties to carry out impairment test on the foregoing assets appraised by hypothetical
development method and issue the impairment test report. If the impairment amount at
the end of period of the real estate projects appraised by hypothetical development
method is greater than the total number of shares compensated during the performance
guaranteed period x offering price of the shares issued this time to purchase assets + total
amount of cash compensated, SEG Group shall make compensation for the impaired part
of such assets of Shenzhen SEG: 1) Number of shares compensated for the impaired part
of the real estate projects appraised by hypothetical development method = impairment
amount at the end of period of the real estate projects appraised by hypothetical
development method/offering price of the shares issued this time - total shares already
compensated during the performance guaranteed period. 2) The part not covered by
shares will be compensated by SEG Group in cash. Amount of extra cash to be
compensated = number of shares not covered x offering price of the shares issued this
time to purchase assets.
(4) Under any circumstances, the total of the total amount of actually realized
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
development profits and unrealized development profits (if any) and the total number of
compensated shares occurred due to impairment test shall not exceed the total number of
shares of Shenzhen SEG (including the shares increased by transferring and stock
dividends) obtained by SEG Group subscribing the shares issued by Shenzhen SEG with
the real estate projects appraised by hypothetical development method. The insufficient
part will be compensated in cash by SEG Group with the limit as the cash consideration
paid for Shen SEG shares with such projects.
3. Performance compensation of assets appraised by market approach
(1) For the property assets appraised by market approach, Shenzhen SEG shall engage
certified public accountants that possess the qualification in practicing the securities
business in the end of every year during the performance guaranteed period to carry out
impairment test, and issue impairment test report. SEG Group shall compensate
Shenzhen SEG with the shares used by Shenzhen SEG as payment consideration
acquired from relevant assets subscription according to the following calculation method,
and SEG Group shall compensate in cash the part not covered by shares: 1) Total number
of shares to be compensated = impairment amount at the end of the current
period/offering price of the shares issued this time to purchase assets -number of shares
already compensated. 2) The part not covered by shares will be compensated by SEG
Group in cash. Amount of extra cash to be compensated = number of shares not covered
x offering price of the shares issued this time to purchase assets.
(2) Under any circumstances, the total number of shares compensated arising from the
impairment test shall not exceed the total amount of Shenzhen SEG shares acquired by
SEG Group with the property assets appraised by market approach previously (including
share increase by transfer and stock dividends). The part not covered by shares and the
amount compensated in cash in total shall not exceed the cash consideration paid for
Shenzhen SEG shares acquired by SEG Group with such property assets. Relevant
compensation methods for the foregoing 100% of the equity of SEG Property
Development, 100% of the equity of SEG Property management and the property assets
held by the target companies appraised by income approach and the real estate projects
appraised by hypothetical development method as well as other property assets appraised
by market approach are independent. The number of shares compensated by assets
appraised by other methods is not considered when the number of shares compensated is
calculated. When the number of shares to be compensated and/or amount of cash
calculation of each year is calculated according to relevant stipulations mentioned above,
if the number of compensated shares calculated is smaller than 0, take 0, i.e. the shares
compensated will not be refunded; if the cash compensation amount calculated is smaller
than 0, take 0, and the cash compensated will not be refunded. When the impairment
amount is calculated, the impact of capital increase, decrease, acceptance of the gift and
profit distribution of the shareholders of underlying assets during the performance
guaranteed period on the amount of impairment shall be eliminated.
(IV) Triggering condition for performance compensation
After the completion of the transaction, if assets within the transaction compensation
scope as specified in the special audit report are impaired or fail to achieve the promised
performance, SEG Group shall make compensation to Shenzhen SEG as agreed in the
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
agreement.
(V) Performance compensation method
After the completion of the transaction, if assets within the transaction compensation
scope are impaired or fail to achieve the promised performance, SEG Group shall
compensate Shenzhen SEG in cash or shares.
(VI) Effectiveness and termination of the agreement
The agreement is made upon signature and seal by the legal representative or authorized
agent of each party. As an integral part of the Asset Purchase Facility, the agreement shall
come into effect from the date of effectiveness of the Asset Purchase Facility.
When the Asset Purchase Facility is rescinded, terminated, or deemed as invalid, the
agreement is also rescinded, terminated, or invalid.
(VII) Liability for breach of the agreement
Except for in case of force majeure, violation of any terms of the agreement by either
party constitutes breach of the agreement. The default party shall compensate for all
losses arising from breach of the agreement to the non-breaching party.
\"1. In the restructuring, relevant assets, such as some commercial electronics markets of
SEG Group that constitute horizontal competition, have not been injected into the listed
company. SEG Group will trust such assets to Shenzhen SEG or its subsidiaries after the
major asset restructuring. Within 5 years after the major asset restructuring, SEG Group
will take all necessary measures to solve flaws of such assets, and incorporate the
preceding specialized electronics markets that constitute horizontal competition into
Shenzhen SEG or transfer them to the third party in a feasible way such as sales based on
operating needs of Shenzhen SEG and the completeness of the ownership of such assets.
If SEG Group fails to complete the foregoing matters as scheduled, before injecting
relevant assets to Shenzhen SEG, SEG Group shall lease them to Shenzhen SEG for
direct operation and enjoy the income from such property. The annual rent of Shenzhen
SEG is the depreciated value of such property. Profit and loss incurred by leasing of such
Commitment on
property assets shall be shared by Shenzhen SEG. The parties shall separately enter into a
horizontal
Shenzhen SEG leasing agreement.
competition, August 3,
Group Co., 2. Except assets owned and business operated before the validity date of commitment, 2016 Long-term In progress
related
Ltd.
transaction, and when acting as a controlling shareholder or actual controller of Shenzhen SEG, in order to
capital occupation guarantee sustainable development of Shenzhen SEG, the Company will exercise
supervision and restriction on operating activities of its own and affiliated enterprises
under its control, will not establish new or acquire any assets or business same as or
similar to its main business within the operation area of Shenzhen SEG, and will not be
engaged in any activities that may damage the interests of Shenzhen SEG and other
companies and enterprises controlled by Shenzhen SEG, or other economic organizations.
If in the future there is any business opportunity same as or similar to other main business
within Shenzhen SEG operation area, such opportunity will preferentially be
recommended to Shenzhen SEG and other companies and enterprises controlled by
Shenzhen SEG, or other economic organizations. However, any of the following cases is
an exception: (1) Due to national laws, regulations and policies and other reasons, any
commercial properties and real estate development projects appropriated or allocated
through oriented protocols by the government to SEG Group and any enterprises invested
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
by it; or (2) when the general conditions of tender, transfer or assignment of specific
commercial properties and real estate development projects have specific requirements
on the bidder or assignee, Shenzhen SEG is not qualified y but SEG Group is qualified.
Commercial property and real estate development projects that are same as the main
business of Shenzhen SEG or result in horizontal competition subject to the above
exclusions may be invested and built by SEG Group at first. If Shenzhen SEG thinks that
such assets are eligible to be injected into Shenzhen SEG, upon receipt of the written
acquisition notice from Shenzhen SEG, SEG Group will negotiate on acquisition and
transfer such projects to Shenzhen SEG. In case of breach of the foregoing commitments,
the Company will bear all losses thus incurred to Shenzhen SEG, the subject company,
other companies, enterprises, or other economic organizations controlled by the
Company.\"
\"1. When the Company acts as the controlling shareholder of Shenzhen SEG, the
Company, other companies, enterprises, or other economic organizations controlled by
the Company, will minimize and regulate connected transactions with Shenzhen SEG or
the subject company, other companies, enterprises, or other economic organizations
controlled by the Company.
2. When the restructuring is completed, the Company, other companies, enterprises, or
other economic organizations controlled by the Company will handle connected
transactions with Shenzhen SEG or the subject company that are unavoidable or incurred
Commitment on for reasonable cause at fair and reasonable market price, perform the decision-making
horizontal procedure for connected transactions according to relevant laws, regulations, and
Shenzhen SEG
competition, normative documents, fulfill the obligation of information disclosure and handle the August 3,
Group Co., Long-term In progress
related approval procedures according to the law, do not use the dominant position of the 2016
Ltd.
transaction, and controlling shareholder to damage the legal rights and interests of Shenzhen SEG and
capital occupation other shareholders.
3. The Company, other companies, enterprises, or other economic organizations
controlled by the Company will not use the rights of shareholders of the listed company
or the actual control ability to manipulate or instruct the listed company or its directors,
supervisors and senior executives to have the listed company unfairly provide or accept
funds, goods, services or other assets, or engage in any acts detrimental to the interests of
listed companies. In case of breach of the foregoing commitments, the Company will
bear all losses thus incurred to Shenzhen SEG, the subject company, other companies,
enterprises, or other economic organizations controlled by the Company.\"
1. The subject company is a limited liability company or stock-limited company
established and validly existing according to law with legitimate business qualification;
the subject company has obtained all approvals, permission, authorization and permits
required for its setting up and operation of business, all such approvals, permission,
Shenzhen SEG
Other authorization and permits are valid and there exists no reasons or situations which may August 3,
Group Co., Long-term In progress
commitment cause the above approvals, permission, authorization and permits invalid.
Ltd.
2. The subject company has not been involved in any severe violation of laws or
regulations during production operation nor any situations where termination is required
according to the requirements of relevant laws, regulations, normative documents and
articles of association. As of the date of issuance of this commitment letter, the subject
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
company has no pending or predictable significant lawsuit, arbitration or administrative
penalty with amount of subject of more than one million or which will generate adverse
impact on its operation.
3. The subject company will independently and fully fulfill the labor contracts it signed
with employees.
4. If the subject company is subject to any recovery of fees or penalty from the relevant
competent organization in industrial and commerce, tax, employee salaries, social
insurance, housing fund, business qualification or competent authorities due to any facts
existing before this restructuring, the Company will fully indemnify the subject company
for all fees owned by subject company and assume all losses occurred by subject
company and Shenzhen SEG as a result of this.
5. The subject company legally possesses the ownership and/or right of usage of office
space, office equipment, trademark and other assets as necessary to guarantee normal
production operation, has independent and complete assets and business structure, has
legal ownership to its main assets with independent, complete and clear indication of
ownership.
6. The subject company has not been involved in any lawsuit, arbitration, judicial
mandatory enforcement and other situations which interferes with the transfer of
company ownership, and has not incurred any external guarantee that is against laws and
articles of association of the Company. After completion of this restructuring, if any loss
is caused to Shenzhen SEG and the subject company due to the Company's breach of the
above commitment, the Company agrees to assume the above mentioned liability of
indemnity/compensation to Shenzhen SEG/subject company.
\"1. 100% shares of SEG Property have been entrusted to a share entrusting agency as
required. Its equity form is authentic and valid, and the equity structure and ownership
are clear. The Company has no objection to the share ownership, share quantity, and The assets have
share holding percentage of SEG Property. The Company has no disputes over share been
Before
Shenzhen SEG ownership with SEG Property and other shareholders. transferred and
Other August 3, completion
Group Co., this
commitment 2. In case any dispute over ownership of the 3.85% shares of SEG Property of which 2016 of
Ltd. commitment
ownership has not been determine as of July 26, 2016 occurs in the future, the Company restructuring
has been
commits to SEG Property that the Company will provide any necessary assistant to SEG fulfilled.
Property to solve the dispute, protect SEG Property from any loss caused thereby, and
undertake corresponding responsibilities.\"
\"1. The Company will guarantee the independence of personnel of Shenzhen SEG and
subject company: (1) after completion of the restructuring, the labor, personnel and
compensation management of Shenzhen SEG are independent from the Company and
Shenzhen SEG related parties, such as other companies, enterprises, or other economic organizations
Other controlled by the Company. (2) Guarantee that after completion of this restructuring the August 3,
Group Co., Long-term In progress
commitment senior executives of Shenzhen SEG and the subject company hold full-time position at 2016
Ltd.
Shenzhen SEG and the subject company and receive compensation, and will not assume
any duties other than director and supervisor in the Company and other companies,
enterprises or other economic organizations and other related parties under control of the
Company. (3) Guarantee not to after completion of this restructuring interfere with the
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
shareholders' meeting and board of directors meeting's exercise of power in
appointment/dismissal of personnel.
2. Guarantee the independence of institutions of Shenzhen SEG and subject company (1)
guarantee that after completion of this restructuring Shenzhen SEG and subject company
will have sound corporate governance structure and independent, complete organization.
(2) Guarantee that after completion of this restructuring the shareholders' meeting, board
of directors meeting and board of supervisors meeting of Shenzhen SEG and subject
company will exercise duties and powers according to laws, regulations and articles of
association of Shenzhen SEG and subject company.
3. The Company will guarantee the independence and completeness of Shenzhen SEG
and the subject company: (1) After completion of the restructuring, Shenzhen SEG and
the subject company will have independent and complete assets related to production and
management. (2) Guarantee that after completion of this restructuring the site for
business operation of Shenzhen SEG and subject company are independent of the
Company and other companies, enterprises or other economic organizations and other
related parties under control of the Company. (3) Except normal operational intercourse,
guarantee that after completion of this restructuring Shenzhen SEG and subject company
do not exist any situation that funds or assets are possessed by the Company and other
companies, enterprises or other economic organizations and other related parties under
control of the Company.
4. Guarantee the businesses of Shenzhen SEG and subject company are independent (1)
guarantee that after completion of this restructuring Shenzhen SEG and subject company
have relevant qualification for independently carrying out operational activities, and
possess independent, sustainable market-oriented operational capability. (2) Except the
assets owned and business operated before validity date of commitment, during the
period as controlling shareholder of Shenzhen SEG, in order to guarantee sustainable
development of Shenzhen SEG, the Company will exercise supervisory and restriction on
operating activities of its own and the affiliated enterprises under its control, and will not
establish new or acquire any assets or businesses same or similar with its main businesses
within the operation area of Shenzhen SEG, and will also not be engaged in any activities
which may damage the interests of Shenzhen SEG and other companies, enterprises or
other economic organizations under control of Shenzhen SEG; if in future there exists
any business opportunity same or similar with other main businesses within Shenzhen
SEG operation area, such opportunity will preferentially recommended to Shenzhen SEG
and other companies, enterprises or other economic organizations under control of
Shenzhen SEG. (1) Due to national laws, regulations and policies and other reasons, any
commercial properties and real estate development projects appropriated or allocated
through oriented protocols by the government to SEG Group and any enterprises invested
by it; or (2) When the general conditions of tender, transfer or assignment of specific
commercial properties and real estate development projects have specific requirements
on the bidder or assignee, Shenzhen SEG is not qualified but SEG Group is qualified.
Commercial property and real estate development projects that are same as the main
business of Shenzhen SEG or result in horizontal competition subject to the above
exclusions may be invested and built by SEG Group at first. If Shenzhen SEG thinks that
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
such assets are eligible to be injected into Shenzhen SEG, upon receipt of the written
acquisition notice from Shenzhen SEG, SEG Group will negotiate on acquisition and
transfer such projects to Shenzhen SEG. (3) Guarantee that after completion of this
restructuring, the Company and other companies, enterprises, other economic
organizations or other related parties under control of the Company will reduce connected
transactions with Shenzhen SEG and subject company and other companies, enterprises,
other economic organizations or other related parties under their control; for any
connected transactions which are indeed necessary and unavoidable, guarantee to carry
out fair operation following market principle at fair price and fulfill relevant approval
procedure and information disclosure obligations according to the provisions of relevant
laws, regulations and normative documents.
5. The Company will guarantee the financial independence of Shenzhen SEG and the
subject company: (1) After completion of the restructuring, Shenzhen SEG and the
subject company will establish an independent financial department, independent
financial accounting system, and standard and independent financial accounting rules. (2)
After completion of the restructuring, Shenzhen SEG and the subject company will
separately open an account in banks, and do not share accounts with the Company and
related parties, such as other companies, enterprises, or other economic organizations
controlled by the Company. (3) After completion of the restructuring, financial personnel
of Shenzhen SEG and the subject company will not hold a part-time job in the Company
or related parties, such as other companies, enterprises, or other economic organizations
controlled by the Company. (4) After completion of the restructuring, Shenzhen SEG and
the subject company will independently make financial decisions, and the Company will
not interfere with fund usage of Shenzhen SEG and the subject company. (5) After
completion of the restructuring, Shenzhen SEG and the subject company will pay taxes
independently according to laws. In case of breach of the foregoing commitments, the
Company will bear all losses thus incurred to Shenzhen SEG, and the subject company.\"
1. The Company does not exist any of the following situations as specified in Clause 6,
Administrative Measures On Acquisition Of Listed Companies: (1) Damage legitimate
rights and interests of the company acquired and its shareholders utilizing acquisition of
listed company; (2) With large amount of outstanding debts and this in-debt status has The assets have
lasted for a certain period of time; (3) Has actual or alleged serious illegal activities in been
recent three years; (4) Has serious behaviors of breaching promises in securities market Before
Shenzhen SEG transferred and
Other in recent three years; (5) Other situations in which no acquisition of listed companies are August 3, completion
Group Co., this
commitment allowed according to laws and administrative regulations and in the opinions of CSRC. 2016 of
Ltd. commitment
restructuring
2. The Company and its main managers have not suffered from any administrative has been
punishment (administrative punishment obviously unrelated to security market excluded), fulfilled.
criminal punishment, major civil lawsuit or arbitration related to economic disputes
within the last five years. In case of breach of the foregoing commitments, the Company
will bear all losses thus incurred to Shenzhen SEG, and the subject company.\"
\"1. The Company is an enterprise incorporated in China that owns the full capacity for Before The assets have
Shenzhen SEG
Other civil conduct and has the legal body qualification for participating in the restructuring, August 3, completion been
Group Co.,
commitment signing agreements with Shenzhen SEG, and performing rights and obligations under the 2016 of transferred and
Ltd.
agreement. restructuring this
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
2. Except that the property located at 4F, Block 2, SEG Industrial Building of SEG commitment
Property Investment funded by the Company is to handle the transfer formality (with no has been
legal impediment), the Company has fulfilled the obligation of contributing capital to the fulfilled.
subject company, and has no acts against its obligations and responsibilities as a
shareholder, such as false contribution, deferred investment, or withdrawal of capital.
There are no circumstances that may affect the legal existence of the subject company.
3. There is no dispute or potential dispute over ownership of equities of the subject
company. There are no circumstances that may affect the legal existence of the subject
company.
4. The equities held by the Company in the subject company are actually legally owned.
There is no dispute or potential dispute over ownership of equities, no trust, shareholding
under entrustment or similar arrangement, no commitment or arrangement of forbidden
transfer or limited transfer, no pledge, freezing, seals up, property preservation or other
limitation of rights, and no lawsuit, arbitration or other forms of dispute which would
affect the restructuring. Meanwhile, the Company guarantees that the equities it held in
the subject company will maintain the status until the equities are registered under
Shenzhen SEG after change of registration.
5. The equities held by the Company in the subject company are assets with clear
ownership. The Company undertakes that there are no legal obstacles to stock transfer
after the restructuring of Shenzhen SEG is approved by CSRC, and no credit and debt
disputes. The Company promises to complete formalities for ownership transfer of these
equities within the agreed period.
6. Before the equities are registered under Shenzhen SEG after change of registration, the
Company undertakes that the subject company will maintain normal, orderly, and
legitimate operation, and will not take actions irrelevant to normal production and
management, such as disposal of assets, external guarantee, or additional major debts, or
illegally transfer or conceal assets and business. If the foregoing actions are indeed
necessary, provided that national laws, regulations, and normative documents are not
violated, these actions can be taken only after written approval of Shenzhen SEG.
7. The Company undertakes that there are not any ongoing or potential litigation,
arbitration, or dispute that may affect the Company's equity transfer, and all agreements
or contracts do not contain restrictive clauses that may affect the Company's equity
transfer. The articles of association, internal management system documents, and
contracts or agreements do not contain restrictive clauses that may affect the Company's
equity transfer. In case of breach of the foregoing commitments, the Company will bear
all losses thus incurred to Shenzhen SEG.\"
Before
Shenzhen SEG \"The Company has not disclosed any insider information about the restructuring or
Other August 3, completion
Group Co., utilized such insider information for insider trading. In case of breach of the foregoing Fulfilled
commitment 2016 of
Ltd. commitments, the Company will bear all losses thus incurred to Shenzhen SEG.\"
restructuring
Shenzhen SEG \"1. Shares of Shenzhen SEG subscribed by the Company in the restructuring will be August 3,
Other
Group Co., locked up for 36 months from the date of listing. Shares of Shenzhen SEG acquired in the 2016 Long-term In progress
commitment
Ltd. restructuring shall not be traded or transferred or managed by others under entrustment or
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
repurchased by Shenzhen SEG within 36 months from the date of completion of the
offering. After the completion of this offering, additional shares held due to bonus shares
and converted equity capital shall be also subject to the foregoing agreement. When the
foregoing lockup period expires, share transfer and transaction will be subject to the valid
laws, regulations, and provisions, rules, and requirements of China Securities Regulatory
Commission and Shenzhen Stock Exchange.
2. If the closing price of Shenzhen SEG stocks is lower than the initial offer price for
consecutively 20 trading days within 6 months after the completion of the restructuring or
the closing price of Shenzhen SEG stocks is lower than the initial offer price at the end of
6 months after the completion of the restructuring, the lockup period of Shenzhen SEG
stocks will be automatically extended for 6 months.
3. If the information provided or disclosed in the restructuring is suspected of false
representations, misleading statements, or material omissions and the judicial authority or
China Securities Regulatory Commission investigates and places the case on file, shares
of Shenzhen SEG held by the Company will not be transferred.
4. Before the restructuring, all stocks of Shenzhen SEG held by the Company shall not be
transferred within 12 months after the completion of the restructuring.
5. If relevant laws, regulations, and normative documents have special requirements on
the lockup period of shares, these laws, regulations, and normative documents shall
prevail.
6. If the foregoing lockup period is not consistent with the latest regulation requirement
of the security regulatory authority, the Company agrees to adjust it according to the
latest regulation opinion of the regulation suggestion of the security regulatory authority
and implement the relevant provision of China Securities Regulatory Commission and
Shenzhen Stock Exchange after the lockup period expires.
\"1. In the recent 5 years, the Company has not been subject to any administrative penalty
(except those not related to the securities market) or criminal penalty.
2. In the recent 5 years, except for those cases that have been concluded, such as the case
of Hainan SEG International Trust and Investment Company, Zhongshi case, GTJA case
and Dasheng case, the Company is not involved in other major civil proceedings or
arbitration (the subject in dispute of 10 million yuan) related to economic disputes. Before
Shenzhen SEG
Other 3. The Company has never been suspected of insider trading related to major asset August 3, completion
Group Co., Fulfilled
commitment restructuring and placed on file for investigation or placed on file with the case not 2016 of
Ltd.
settled. In the recent 5 years, the Company has never failed to repay large debts or fulfill restructuring
commitments, or been subject to administrative supervision measures by the CSRC or
disciplinary action by the Stock Exchange due to insider trading related to major assets
restructuring, or been held criminally liable by the judicial authorities according to law.
In case of breach of the foregoing commitments, the Company will bear all losses thus
incurred to Shenzhen SEG.\"
Bo Hongxi, Before
\"1. I have not been subject to any administrative penalty by the CSRC in recent 36
Cao Xiang, Fan Other months, or public censure by the Stock Exchange in the recent 12 months.
August 3, completion
Fulfilled
Zhiqing, Li commitment 2016 of
Luoli, Liu 2. I have not been investigated by judicial authorities due to alleged crimes or by CSRC restructuring
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Fusong, Liu due to alleged irregularities.
Zhijun, Ru In case of breach of the following commitments, I will bear all losses thus incurred to
Guiqin, Song Shenzhen SEG.\"
Pingping, Tang
Chongyin,
Wang Li, Xu
Ning, Yu Qian,
Zhang
Guangliu,
Zhang Haifan,
Zheng Dan,
Zhu Longqing
\"1. In the recent 5 years, the Company has not been subject to any administrative penalty
or criminal penalty or involved in other major civil proceedings or arbitration related to
Directors, economic disputes.
supervisors, 2. The Company has never been suspected of insider trading related to major asset Before
and senior restructuring and placed on file for investigation or placed on file with the case not August 3,
Other completion
executives of settled. In the recent 5 years, the Company has never failed to repay large debts or fulfill 2016 Fulfilled
commitment of
Shenzhen SEG commitments, or been subject to administrative supervision measures by the CSRC or restructuring
Group Co., disciplinary action by the Stock Exchange due to insider trading related to major assets
Ltd. restructuring, or been held criminally liable by the judicial authorities according to law.
In case of breach of the following commitments, I will bear all losses thus incurred to
Shenzhen SEG.\"
SegMaker,
SEG \"1. In the recent 3 years, the Company has not been subject to any major administrative
Recreation, punishment or criminal punishment or involved in other major civil proceedings or
SEG Property arbitration related to economic disputes.
Development,
SEG Property 2. The Company has never been suspected of insider trading related to major asset Before
Investment, Other restructuring and placed on file for investigation or placed on file with the case not August 3, completion
settled. In the recent 5 years, the Company has never failed to repay large debts or fulfill 2016 Fulfilled
SEG New City commitment of
Construction, commitments, or been subject to administrative supervision measures by the CSRC or restructuring
SEG Property disciplinary action by the Stock Exchange due to insider trading related to major assets
Management, restructuring, or been held criminally liable by the judicial authorities according to law.
Huizhou In case of breach of the following commitments, I will bear all losses thus incurred to
Qunxing, Xi'an Shenzhen SEG.\"
SEG, Beijing
\"1. SEG Group has legal ownership of lands, properties, and equities transferred to
SegMaker without compensation before the restructuring, and there is no dispute over the Before
Shenzhen SEG
Other ownership of transferred assets. Except for some mortgaged properties that require the August 3, completion
Group Co., Fulfilled
commitment consent of the mortgagee, there is no legal obstacle to the registration of ownership 2016 of
Ltd.
change. restructuring
2. The Company undertakes to complete the formalities of ownership registration change
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
of assets transferred to SegMaker before the Board of Directors reviews the restructuring
draft. The Company will compensate SegMaker in full if SegMaker is held responsible or
punished, or suffer any other loss due to the Company's violation of the foregoing
commitment or defects of the transferred assets.\"
\"As of the date of issuance of the commitment letter, SEG Recreation owns 9 properties
with the total construction area of 12,941.28 m2. The actual proprietor of the property
located at 1F, Block 1, SEG Industrial Building with an area of 902 m2 is SEG Group.
Due to the provision that industrial buildings in Shenzhen shall be transferred as a whole,
the transfer registration formality for the property has not been handled. The actual
proprietor of Room 508, Block 4, SEG Residential Quarter is SEG Recreation, but the
property is registered under SEG Group and the transfer formality for the property has
not been handled. The Company undertakes that all parties have no disputes over the
ownership of the foregoing property whose registered proprietor is SEG Recreation but
whose actual proprietor is SEG Group and the property whose registered proprietor is
SEG Group but whose actual proprietor is SEG Recreation. SEG Group will assist SEG
Recreation in completing the division and transfer registration formalities for the
foregoing properties. After the restructuring, if Shenzhen SEG suffers any losses due to
ownership of such properties, SEG Group will compensate Shenzhen SEG in full.
2. The construction in process-assembly workshop that SEG Group uses to contribute
capital to SEG Property Investment is 4F, Block 2, SEG Industrial Building (real estate
proprietorship certificate No.: S. F. D. Zi. No. 3000759297) with the total area of
1,936.71 m2. The property was delivered to SEG Property Investment upon capital
contribution, but the transfer formality could not be handled without the certificate on Before
Shenzhen SEG
Other capital contribution. Due to negligence of the handler, the property was registered under August 3, completion
Group Co., Fulfilled
commitment SEG Group together with other properties of SEG Industrial Building belonging to SEG 2016 of
Ltd.
Group. Due to the restriction of transfer of industrial buildings as a whole, the transfer restructuring
formality has not been handled. SEG Property Investment has been occupying, using, and
acquiring operating revenue from the property since capital contribution. The Company
will assist SEG Property Investment in completing the transfer registration formality of
the foregoing property. After the restructuring, if Shenzhen SEG suffers any losses due to
ownership of such properties, SEG Group will compensate Shenzhen SEG in full.
3. The Company will help and propel the subject company and its subsidiaries to
complete ownership registration of land and property assets and regulate the land
purpose.
4. If due to land use rights and property assets existing before the completion of the
restructuring, the subject company and its subsidiaries (1) fail to timely handle the land
use rights and the proprietorship certificate (excluding results not caused by the subject
company and its subsidiaries, such as force majeure, laws, policies, government
management, and change in planned land purpose); or (2) cannot handle the relevant land
use rights and real estate proprietorship certificate (excluding results not caused by the
subject company and its subsidiaries, such as force majeure, laws, policies, government
management, and change in planned land purpose); or (3) are subject to other
circumstances of nonstandard land use rights and properties (excluding results not caused
by the subject company and its subsidiaries, such as force majeure, laws, policies,
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
government management, and change in planned land purpose), and suffer actual losses
including but not limited to compensation, fines, expenses, and interests damage, the
Company will compensate the subject company and its subsidiaries in full.
Before issuance date of the restructuring report of Shenzhen SEG, SEG Group will finish
formalities related to transfer of ownership of the property (4F, Block 2, SEG Industrial
Building). If SEG Group fails to finish the formalities at expiration, SEG Group agrees to
Before
Shenzhen SEG compensate SEG Property Investment RMB 1.5 million in currency, and allows SEG
Other August 3, completion
Group Co., Property Investment to continue to use the property for free until SEG Group transfers Fulfilled
commitment 2016 of
Ltd. the ownership of the property to SEG Property Investment. SEG Group agrees to
restructuring
compensate SEG Property Investment for any operating loss or other economic loss of
SEG Property Investment caused by SEG Group's failure in transferring the ownership of
the property.
\"After updating and restructuring of SEG Industrial Building, SEG Economy Building,
and SEG Recreation Industry Building, the area of added part that belongs to SegMaker,
SEG Recreation and SEG Property is 2,855.20 m2. SEG Group undertakes that the use of
the temporary buildings belonged to SegMaker, SEG Recreation and SEG Property will
be renewed after expiration of the two-year use duration. In case when, due to failure in
renewal of use of temporary buildings, the listed company has any loss or the income
during the period from expiration of the performance commitment period to expiration of
the evaluated income expected period is lower than the expected compensation, or the
listed company has any loss because the temporary buildings are required to be
dismantled by governmental organs during the period from expiration of the performance
commitment period to expiration of the evaluated income expected period, SEG Group
will compensate the listed company timely and in full amount according to the following
compensation methods:
1. SEG Group has made commitments for the performance of the subject company within
three years after completion of major asset restructuring. Influence of the updating and
Shenzhen SEG
Other restructuring project has been taken into account in the commitments. August 3,
Group Co., Long-term In progress
commitment 2. The amount of compensation for the income that is lower than the expected income 2016
Ltd.
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 employ an audit agency with security practice qualification recognized by
SEG Group to provide a formal audit report on the compensation methods for the
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
property investment within the compensation scope of the report period within four
months at the end of each accounting year during the compensation period. SEG Group
should compensate in cash any property investment and compensation items within the
compensation scope of the report period. Shenzhen SEG should calculate the payable
compensation amount within 15 working days upon final specific review opinions
provided by the audit agency, and send a written notice to SEG Group. Within 30
working days upon receipt of the written notice from Shenzhen SEG, SEG Group should
pay the compensation in cash in full amount.\"
\"1. In case when, after the restructuring, the land/property use should be changed based
on the actual operating demands of the subject company or because the subject company
is required by the relevant house property management organ or the land regulatory
department to change the land/property use, SEG Group will assist the subject company
Shenzhen SEG in finishing the relevant formalities.
Other August 3,
Group Co., Long-term In progress
commitment 2. In case when the subject company suffers from administrative penalty by relevant land 2016
Ltd.
and/or house property management department because the actual use of the
land/property is different from those recorded in the certificate, SEG Group will
compensate the subject company for any expenditures and economic loss caused
thereby.\"
\"1. Since the issuance date of this commitment letter, SEG Group will assist SegMaker in
restoring for business purpose the part currently functioning as a parking garage on the
first floor of the podium of SEG Jingyuan Building within five years. Within five
years from
Shenzhen SEG 2. If the restoration work cannot be finished within the above mentioned period of time, August 3,
Other the date of
Group Co., SEG Group agrees to process the subject assets as follows: (1) paying in cash the 2016 In progress
commitment issue of the
Ltd. evaluated value of the parking garage and the bank interest of the evaluated value in the commitment
same period from the restructuring closing date to the expiration of this commitment letter
time; or (2) purchasing in cash the first floor of the podium of SEG Jingyuan Building at
a price no less than the evaluated value of the building during this restructuring.\"
\"1. If after the restructuring, Shen SEG is requested to make a supplementary payment
for land transfer and pay the overdue fine due to inconsistency between the actual use and
Shenzhen SEG the registered use of the above property, the Company undertakes to bear such expenses August 3,
Other
Group Co., in full. Long-term In progress
commitment
Ltd.
2. In case of breach of the foregoing commitments, the Company will bear all losses thus
incurred to Shen SEG.\"
According to the Article Five of the Equity Transfer Agreement signed by the Company
Commitment on
with SEG Group when the Company was listed, SEG Group agreed that the Company
horizontal
Shenzhen SEG and its subsidiaries and associated companies to use the eight trademarks registered by
Commitment made at Group Co., competition,
SEG Group at the National Trademark Bureau; SEG Group agreed that the Company July 1, 1996 Long-term In progress
the time of initial related
Ltd. used the aforesaid trademarks or similar signs as the Company's logo and used the
public offerings or transaction, and
trademarks and signs during its operation; the Company need not pay any fee to SEG
refinancing capital occupation
Group for using the aforesaid trademarks or signs.
Shenzhen SEG Commitment on As for the problem pointed out by Shenzhen Office of China Securities Regulatory September Long-term In progress
Group Co., horizontal Commission during on-site inspection in 2007 in the Company that the Company and 14, 2007
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Ltd. competition, SEG Group are competitive in the electronic business, the Company has received a
related written Commitment Letter from SEG Group on September 14, 2007. The content of the
transaction, and Commitment Letter is as follows: \"The competition in electronic business between SEG
capital occupation Group and Shenzhen SEG Co., Ltd. occurs due to historical reasons and objective market
development background. SEG Group hereby commits that, we will not separately
operate businesses similar to those of Shenzhen SEG in the same city.\"
As 100% of the
equity of
SegMaker that
holds SEG
Communication
The 6th interim meeting of the 5th Board of Directors held on January 26, 2011
Commitment on Market was
deliberated and adopted the Proposal of Solving the Horizontal Competition between the From
horizontal transferred to
Shenzhen SEG Company and Its Controlling Shareholder. After friendly consultation, SEG Group agreed February 1,
competition, January 26, the Company,
Group Co., to entrust the Company to operate and manage with full authority SEG Communications 2011 to
related 2011 the Company is
Ltd. Market under direct management of SEG Group. Therefore, the two parties have signed January 31,
transaction, and no longer
the entrustment operation and management contract, and SEG Group will pay the
capital occupation commissioned
Company RMB 200,000 Yuan as entrust management expenses.
to operate SEG
Communication
Market, and has
fulfilled this
commitment.
Commitment on
Not applicable
equity incentives
Some directors,
supervisors,
senior Some directors, supervisors, senior executives, and middle managers of Shenzhen SEG
executives, and Group Co., Ltd. that increase holdings undertakes not to reduce holding-shares of the
Other September March 26,
middle Company or carry out insider trading, trading of shares in the sensitive period, or In progress
commitment 26, 2017 2019
managers of short-term trading according to relevant provisions in the period of increase in holdings,
Shenzhen SEG within the statutory period and for a period of 12 months after completion of the plan.
Group Co.,
Other commitments Ltd.
made to the medium
and small shareholders Directors,
of the Company supervisors,
senior Directors, supervisors, senior executives, middle managers, and managers of level-3
executives, subsidiaries of the Company that increase holdings undertakes not to reduce
middle Other holding-shares of the Company or carry out insider trading, trading of shares in the September September
In progress
managers, and commitment sensitive period, or short-term trading according to relevant provisions in the period of 26, 2017 26, 2018
managers of increase in holdings, within the statutory period and for 12 months after completion of
level-3 the plan.
subsidiaries of
Shenzhen SEG
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Co., Ltd. that
increase
holdings
Due to confidence in the future development prospect of the Company and recognition of
the Company's value, the holding shareholder of the Company, Shenzhen SEG Group
Shenzhen SEG Commitment on
Co., Ltd. plans to increase holding-shares of the Company according to relevant November November
Group Co., increase in In progress
provisions of the CSRC and Shenzhen Stock Exchange, and undertakes not to reduce the 15, 2017 15, 2018
Ltd. holdings
newly-increased holding-shares of the Company in the period of increase in holdings and
for12 months after increase in holdings.
Whether commitments
Yes
were fulfilled on time
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
2. The attainment of forecasts for the assets or projects of the Company which were profitable and the
description of the reasons with the reporting period remaining in the forecasting period
□ Applicable √ Not applicable
IV. Non-operating Capital Occupation on the Listed Company by the Controlling
Shareholders and Related Parties
□ Applicable √ Not applicable
No non-operating capital occupation on the listed company by controlling shareholders and related parties is
involved in the reporting period.
V. Explanations of the Board of Directors, the Board of Supervisors and Independent
Directors (if any) to the \"Non-standard Audit Report\" made by the accounting firm in the
reporting period
□ Applicable √ Not applicable
VI. Information on changes in accounting policies, accounting estimates and accounting
methods compared with the financial reports of the last year
√ Applicable □ Not applicable
On May 10, 2017, the Ministry of Finance issued the Revised Accounting Standards for Business Enterprises No.
16 — Government Subsidies (2017) (C. K. [2017] No. 15), which is implemented from June 12, 2017.
The Accounting Standards for Business Enterprises No. 42 — Non-Current Assets and Disposal Groups Held for
Sale and Termination of Business Operation specify the classification, measurement, and presentation of
non-current assets and disposal groups held for sale and presentation of termination of business operation.
VII. Information on retroactive restatements in corrections of major accounting errors in the
reporting period
□ Applicable √ Not applicable
There is no retrospective restatement due to corrections on significant accounting errors in the reporting period.
VIII. Information on changes in the scope of consolidation compared with the financial
report of the last year
√ Applicable □ Not applicable
35 entities are included in the current consolidated financial statements, namely:
Type of Proportion of Proportion of voting
Company name Level
subsidiary shareholding (%) rights (%)
Shenzhen SEG Baohua Enterprise Development Holding
I 66.58 66.58
Co., Ltd. subsidiary
Shenzhen Mellow Orange Business Hotel Holding 66.58 66.58
II
Management Co., Ltd subsidiary
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Type of Proportion of Proportion of voting
Company name Level
subsidiary shareholding (%) rights (%)
Wholly-owned 100
Shenzhen SEG Industrial Investment Co., Ltd. I
subsidiary
Holding 46
Changsha SEG Development Co., Ltd. I
subsidiary
Shenzhen SEG Electronics Market Management Share-controlled
I 70
Co., Ltd. subsidiary
Holding
Shenzhen SEG Credit Co., Ltd. I 65
subsidiary
Shenzhen SEG Nanjing Electronics Market Wholly-owned
I 62
Management Co., Ltd. subsidiary
Holding
Xi'an Hairong SEG Electronics Market Co., Ltd. I 51
subsidiary
Holding
Wujiang SEG Electronics Market Co., Ltd. I 51
subsidiary
Shunde SEG Electronics Market Management Co., Wholly-owned
I 100
Ltd. subsidiary
Nanning SEG Electronics Market Management Co., Wholly-owned
I 100
subsidiary
Ltd.
Wholly-owned
Nantong SEG Times Plaza Development Co., Ltd. I 100
subsidiary
Holding
Yantai SEG Times Plaza Development Co., Ltd. I 90
subsidiary
Nantong SEG Commercial Operation Management Wholly-owned
I 100
Co., Ltd. subsidiary
Wholly-owned
Suzhou SEG Digital Plaza Management Co., Ltd. I 100
subsidiary
Xi'an Fengdong New Town SEG Times Plaza Wholly-owned
I 100
Properties Co., Ltd. subsidiary
Wholly-owned
Suzhou SEG Intelligent Technology Co., Ltd. I 100
subsidiary
Shenzhen SEG Longyan New Energy Application Holding
I 50
and Development Co., Ltd. subsidiary
Wholly-owned
Shenzhen SEG Investment Management Co., Ltd. I 100
subsidiary
Shenzhen SEG Longyan Energy Technology Co., Holding
I 50
Ltd. subsidiary
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Type of Proportion of Proportion of voting
Company name Level
subsidiary shareholding (%) rights (%)
Shenzhen-Shantou Cooperation Zone SEG Longyan Wholly-owned
II 100
Energy Technology Co., Ltd. subsidiary
Shenzhen SEG Lianzhong Internet Technology Co., Holding
I 55
Ltd. subsidiary
Holding
Shenzhen SEG Zhongtong Technology Co., Ltd. I 49
subsidiary
Wholly-owned
Shenzhen SegMaker Co., Ltd. I 100
subsidiary
Shenzhen SEG Recreation Enterprise Development Holding
I 55
Co., Ltd. subsidiary
Wholly-owned
Shenzhen SEG Property Development Co., Ltd. I 100
subsidiary
Holding
Shenzhen SEG Real Estate Investment Co., Ltd. I 79.02 79.02
subsidiary
Holding
Huizhou Stars Real Estate Development Co., Ltd. II 88
subsidiary
Holding
Shenzhen SEG Property Management Co., Ltd. II 45
subsidiary
Shenzhen SEG New Urban Construction Holding
II 72.05 72.05
Development Co., Ltd. subsidiary
Shenzhen SEG New Urban Commercial Operation Wholly-owned
III 100
Co., Ltd. subsidiary
Holding
Beijing SEG Property Development Co., Ltd. II 50
subsidiary
Holding
Xi'an SEG Kanghong Real Estate Co., Ltd. II 55
subsidiary
Wholly-owned
Shenzhen Hongge Cultural Development Co., Ltd. II 100
subsidiary
For reasons for the difference between the proportion of shareholding and the proportion of voting rights and the
basis for control of the investee with half or less than half of the voting rights, see \"(I) Equity in subsidiaries of
Note VIII Equity in other entities\".
14 new entities are incorporated in and two entities are removed from the scope of the consolidated financial
statements in the current period, including:
1. Subsidiaries, special purpose entities, and business entities that gain control by way of commissioned
management or renting newly incorporated in the consolidation scope in the current period
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Name Reason for change
Shenzhen-Shantou Cooperation Zone SEG Longyan Energy Technology Co.,
Newly established
Ltd.
Shenzhen SEG Lianzhong Internet Technology Co., Ltd. Newly established
Shenzhen SEG Zhongtong Technology Co., Ltd. Newly established
Shenzhen SegMaker Co., Ltd. Business combination under common control
Shenzhen SEG Recreation Enterprise Development Co., Ltd. Business combination under common control
Shenzhen SEG Property Development Co., Ltd. Business combination under common control
Shenzhen SEG Real Estate Investment Co., Ltd. Business combination under common control
Huizhou Stars Real Estate Development Co., Ltd. Business combination under common control
Shenzhen SEG Property Management Co., Ltd. Business combination under common control
Shenzhen SEG New Urban Construction Development Co., Ltd. Business combination under common control
Shenzhen SEG New Urban Commercial Operation Co., Ltd. Business combination under common control
Beijing SEG Property Development Co., Ltd. Business combination under common control
Xi'an SEG Kanghong Real Estate Co., Ltd. Business combination under common control
Shenzhen Hongge Cultural Development Co., Ltd. Business combination under common control
2. Subsidiaries, special purpose entities, and business entities that lose control by way of commissioning
management or leasing removed from the consolidation scope in the current period
Name Reason for change
Suzhou SEG Electronics Market Management Co.,
Transfer of the management right
Ltd.
Wuxi SEG Electronics Market Co., Ltd. Transfer of all the equity
IX. Engagement and dismissal of the accounting firm
Engaged accounting firm
Name of accounting firm engaged from China Da Hua Certified Public Accountants (Special General Partnership)
Remuneration for the accounting firm engaged from
China (RMB 10,000)
Duration of audit services offered by accounting
firm engaged from China
Name of certified public accounts from the
Zhang Zhaocheng and Liu Guoping
accounting firm engaged from China
Duration of audit services offered by CPAs of
3 years by Zhang Zhaocheng and 1 year by Liu Guoping
accounting firm engaged from China
Name of accounting firm engaged from outside
Not applicable
China (if any)
Remuneration for the overseas accounting firm
(RMB 10,000)
Consecutive years of service offered by the overseas Not applicable
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
accounting firm (if any)
Name of certified public accounts from the overseas
Not applicable
accounting firm
Is another accounting firm engaged in current period?
□ Yes √ No
Engagement of internal control audit accounting firm, financial adviser or sponsor
□ Applicable √ Not applicable
X. Information on Listing Suspension or Abortion after Disclosure of Annual Report
□ Applicable √ Not applicable
XI. Bankruptcy and Reorganization
□ Applicable √ Not applicable
No bankruptcy and reorganization matter is involved in the reporting period.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
XII. Major lawsuits and arbitrations
√ Applicable □ Not applicable
Estimated Judgment
Amount Judgment
Basic information about lawsuits and arbitrations liabilities Progress result and Disclosure date Disclosure index
(RMB: 10,000) incurred or not execution
impact
First instance
judgment:
Nanning SEG
shall pay the
liquidated
damages of
RMB
666,666.66 and
pay the case It is being
acceptance fee executed. As
of RMB 5,416. of April 4,
Case number: 2016 G. 0102 M. C. No. 3653 Yes. The Second Nanning http://www.cninfo.com.cn
estimated The second instance instance Xingning Announcement of
Dispute over the lease contract arose between Nanning
liability of was decided. The judgment: Court blocked Shenzhen SEG Co., Ltd.
Haiqi Real Estate Development Co., Ltd. and Shenzhen 1026.3 September 26, 2016
RMB Company has applied Nanning SEG two accounts on Receipt of Court
SEG Co., Ltd.
666,700.00 is for retrial. shall pay the of the Summons and the Civil
accrued. liquidated Company and Complaint
damages of deducted
RMB 8 RMB
million, pay the 8,476,600
attorney fee of
RMB 263,000
to Nanning
Haiqi, and pay
the case
acceptance fee
of RMB
134,238.
Case number: 2016 G. 0102 M. C. No. 3654 1. The contract http://www.cninfo.com.cn
The first instance was
between the Announcement of
Dispute over the property service contract between decided. The
246.98 No. parties shall be Not executed June 2, 2017 Shenzhen SEG Co., Ltd.
Nanning Yuanpeng Property Service Co., Ltd. and counterparty has
terminated. on the Progress of the
Shenzhen SEG Co., Ltd. appealed.
2. All other Lawsuit with Nanning
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
claims of Yuanpeng Property
Yuanpeng shall Service Co., Ltd.
be dismissed.
Nanning SEG
Yes. The shall pay the
2016 G. 0102 M. C. No. 4612 estimated decoration loss The Company http://www.cninfo.com.cn
Nanning Haiqi Real Estate Development Co., Ltd. sued liability of The second instance of RMB has paid the
104.19 August 28, 2017 Semi-Annual Report 2017
against Nanning SEG for compensation for the decoration RMB was decided. 394,964.8 and executed
417,964.8 is pay the money. of Shenzhen SEG Co., Ltd.
loss.
accrued. attorney fee of
RMB 23,000.
http://www.cninfo.com.cn
As the parties
reached a settlement, Announcement of
(2016) J. Z. A. Zi. No. 2294 the counterparty Shenzhen SEG Co., Ltd.
compensated for our Not on the Progress of the
Arbitration case between Shenzhen SEG Co., Ltd. and 2460 No Not applicable June 2, 2017
losses of RMB applicable Lawsuit and Arbitration
Zongheng International Electronic Expo City (Suzhou)
3,500,000, and we with Zongheng
Co., Ltd.
canceled the International Electronic
arbitration. Expo City (Suzhou) Co.,
Ltd.
http://www.cninfo.com.cn
The parties reached a Announcement of
2016 S. 0505 M. C. No. 5176 settlement. The Shenzhen SEG Co., Ltd.
counterparty repaid Not on the Progress of the
Loan dispute between Suzhou SEG Electronics Market 1900.08 No Not applicable June 2, 2017
the loan interest to applicable Lawsuit and Arbitration
Management Co., Ltd. and Zongheng International
us. We the canceled with Zongheng
Electronic Expo City (Suzhou) Co., Ltd.
arbitration. International Electronic
Expo City (Suzhou) Co.,
Ltd.
The properties have Our claims are http://www.cninfo.com.cn
(2017) Y. 0304 M. C. No. 5092 been preserved. The substantially Announcement of
Dispute over the purchase and sales contract among first instance was supported, Not Shenzhen SEG Co., Ltd.
839.41 No January 5, 2018
Shenzhen Wonder Industry Co., Ltd., Liu Guiyun and Liu decided. The except for the applicable on the Progress of the
Yu counterparty has claim for the Lawsuit Involving
appealed. overdue fine. Holding Subsidiaries
The properties have Our claims are http://www.cninfo.com.cn
(2017) Y. 0304 M. C. No. 5088 been preserved. The substantially Announcement of
Dispute over the purchase and sales contract among first instance was supported, Not Shenzhen SEG Co., Ltd.
1480.57 No January 5, 2018
Shenzhen Yixin Zhongtian Technology Co., Ltd., Zhe decided. The except for the applicable on the Progress of the
Shaojun, and Zhao Xiaoyan counterparty has claim for the Lawsuit Involving
appealed. overdue fine. Holding Subsidiaries
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
(2017) Y. 0304 M. C. No. 7976
SEG Industrial sued against Shenzhen Comnet Technology The properties has http://www.cninfo.com.cn
Co., Ltd., Xiao Qingshan, Zhou Ronghua, Anhua Meishan been heard and has Not
515.54 No Not applicable August 28, 2017 Semi-Annual Report 2017
Small Loan Co., Ltd., and Shenzhen Baiyide Technology not yet been applicable
adjudicated of Shenzhen SEG Co., Ltd.
Co., Ltd. for a dispute over the purchase and sales
contract.
(2017) Y. 0304 M. C. No. 7977
SEG Industrial sued against Shenzhen Runneng Digital T The properties has http://www.cninfo.com.cn
Technology Co., Ltd., Xiao Qingshan, Zhou Ronghua, been heard and has Not
1534.5 No Not applicable August 28, 2017 Semi-Annual Report 2017
Anhua Meishan Small Loan Co., Ltd., and Shenzhen not yet been applicable
adjudicated of Shenzhen SEG Co., Ltd.
Baiyide Technology Co., Ltd. for a dispute over the
purchase and sales contract.
Case number: (2016) J. 0102. M. C. No. 21435 After http://www.cninfo.com.cn
Plaintiff: Beijing SEG Property Development Co., Ltd. The case has been mediation by
2004.74 No Executed August 28, 2017 Semi-Annual Report 2017
Defendant: Beijing Furao Real Estate Development Co., settled. the court, the
case has ended. of Shenzhen SEG Co., Ltd.
Ltd.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
XIII. Punishment and Rectification Issues
□ Applicable √ Not applicable
No punishment and rectification is involved in the reporting period.
XIV. Integrity of the Company and its Controlling Shareholders and Actual Controllers
□ Applicable √ Not applicable
XV. Implementation of Equity Incentive Plan, Employee Shareholding Plan or Other
Employee Incentives
□ Applicable √ Not applicable
No stock incentive plan and implementation is involved in the reporting period.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
XVI. Major Connected Transactions
1. Transactions related to routine operation
√ Applicable □ Not applicable
Amount of Approved Exceeding
Pricing Available
Party of Content of Price of connected Percentage in transaction the
Transaction principle of Clearing similar Disclosure
connected Association connected connected transaction similar amount approved Disclosure index
type connected form market date
transaction transaction transaction (RMB transactions (RMB quota or
transaction
10,000) price
10,000) not
1-416, Building
101, SEG
Industrial Zone;
1F, Optical Fiber
Building;
Shenzhen Determined According
Controlling Renting the 6F, Plant No. 2; 40.57 April 18,
SEG Group 403, Qingyi by the 190.20 0.18% 200 not to the -
shareholder property Yuan/m2
Co., Ltd. Building, market agreement
Nanyuan Road; 48
houses in Qing'an
Building, No.
1705, covering
3,907.13 m2
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Amount of Approved Exceeding
Pricing Available
Party of Content of Price of connected Percentage in transaction the
Transaction principle of Clearing similar Disclosure
connected Association connected connected transaction similar amount approved Disclosure index
type connected form market date
transaction transaction transaction (RMB transactions (RMB quota or
transaction
10,000) price
10,000) not
1F, SEG
Recreation
Building; 8F, SEG
Industrial
Building; West
Zone, 8F, Building
2, SEG Industrial
Building; 3F,
Building 101,
Shangbu Industrial Determined
Shenzhen According
Controlling Renting the Zone; Room 506, 67.53
SEG Group 783.73 0.74% 800 No to the -
shareholder property Building 303, by the Yuan/m2
Co., Ltd. agreement
Pengji Shangbu market
Bachelor
Apartment; 61
houses including
the connecting
corridor in 4F, April 18,
Tower A & Tower
B, 101 Zhenxing
Road, covering
9,672.12 m2.
Offering
Shenzhen Offering property Determined According
Controlling property RMB
SEG Group management by the 88.71 0.02% 80 No to the -
shareholder management 114,500
Co., Ltd. services market agreement
services http://www.cninfo.com.cn
Shenzhen Subsidiary Offering Announcement of
Offering property Determined According
SEG Talent of its property RMB
management by the 31.5 0.02% 222 No to the - Shenzhen SEG Co., Ltd.
Training controlling management 102,400
services market agreement on 2017 Expected Daily
Center shareholder services
Shenzhen Operating Connected
Subsidiary Offering
SEG High Offering property Determined According Transactions
of its property RMB
Technology management by the 18.31 0.01% 200 No to the -
controlling management 91,600
Investment services market agreement
shareholder services
Co., Ltd.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Amount of Approved Exceeding
Pricing Available
Party of Content of Price of connected Percentage in transaction the
Transaction principle of Clearing similar Disclosure
connected Association connected connected transaction similar amount approved Disclosure index
type connected form market date
transaction transaction transaction (RMB transactions (RMB quota or
transaction
10,000) price
10,000) not
Entrusting
the
Entrusting the
management
Shenzhen management of Determined According
Controlling of the RMB
SEG Group the underground by the 14.34 0.01% 30 No to the -
shareholder underground 68,800
Co., Ltd. parking lot of SEG market agreement
parking lot
Plaza
of SEG
Plaza
Shenzhen Determined According
Controlling Leasing the 61F & 62F of RMB
SEG Group by the 157.38 0.13% 260 No to the -
shareholder property SEG Plaza 786,900
Co., Ltd. market agreement
Total -- -- 1284.17 -- -- -- -- -- --
Details of returns on sold goods of large amount Not applicable
Actual implementation of routine connected transactions
to occur in the current period with total amount estimated Not applicable
by category in the reporting period (if any)
Reasons for a great difference (if applicable) between the
Not applicable
transaction price and the market reference price
2. Connected transactions arising from asset or equity sales and acquisition
√ Applicable □ Not applicable
Book value Estimated
Pricing of the value of the Price of Transaction
Party of Type of Content of
principle of transferred transferred transfer profit or Disclosure
connected Association connected connected Clearing form Disclosure index
connected assets assets (RMB loss (RMB date
transaction transaction transaction
transaction (RMB (RMB 10,000) 10,000)
10,000) 10,000)
Shenzhen 55% of the Issuance of http://www.cninfo.com.cn
Controlling Stock Fair market February 4,
SEG Group equity of 87,707.86 515,714.72 515,714.72 shares and 0 Proposal of Shenzhen
shareholder purchase value
Co., Ltd. SEG payment for SEG Group Co., Ltd. for
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Recreation, considerations Share Issuance and Cash
100% of the Payment to Acquire
equity of Assets and Raise Funds
SEG Property & Connected
Development, Transactions
100% of the
equity of
SegMaker,
and 79.02%
of the equity
of SEG Real
Estate
Reason for a great difference (if any) between the transfer The transfer price is consistent with the estimated value. Difference between the transfer price and book value is caused by appreciation
price and book value or estimated value in appraisal.
1. In the reporting period, the operating income of SEG Real Estate is RMB 122,2751,800, and the net profit attributable to the parent
company is RMB 120,198,700.
2. In the reporting period, the operating income of SEG Recreation is RMB 53,247,100, and the net profit attributable to the parent
Impact on the operating result and financial condition of the company is RMB 24,428,400.
Company 3. In the reporting period, the operating income of SEG Property is RMB 59,405,600, and the net profit attributable to the parent
company is RMB 13,320,000.
4. In the reporting period, the operating income of SegMaker is RMB 134,667,200, and the net profit attributable to the parent company
is RMB 36,856,500.
In the reporting period, the total operating income of the four target companies is RMB 1,470,071,700, and the total net profit
Fulfillment of agreed performance (if any)
attributable to the parent company is RMB 194,803,600.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
3. Connected transactions arising from joint external investment
□ Applicable √ Not applicable
There is no connected transaction arising from joint external investment in the reporting period.
4. Claim and debt with related parties
√ Applicable □ Not applicable
Debt payable to related parties
Increased Recovered
Interest in
amount in amount in
Opening the Closing
the the
Related balance Interest reporting balance
Association Cause reporting reporting
party (RMB rate period (RMB
period period
10,000) (RMB 10,000)
(RMB (RMB
10,000)
10,000) 10,000)
8%，0%；
There is no
interest on
the stock
exchange
Considera price, and
Shenzhen the other
Controlling tion for
SEG Group 17,795.14 69,104.79 15,069.60 Seger 576.25 71,830.33
shareholder stock
Co., Ltd. Group's
purchase
funding
support
rate for
Seger Real
Estate is
8%
5. Other Important Transactions
□ Applicable √ Not applicable
XVII. Important contracts and implementation
1. Trusteeship, Contracting, and Leasing Issues
(1) Trusteeship Issues
□ Applicable √ Not applicable
No trusteeship issue is involved in the reporting period.
(2) Contracting Issues
□ Applicable √ Not applicable
No contracting issue is involved in the reporting period.
(3) Leasing Issues
□ Applicable √ Not applicable
No leasing issue is involved in the reporting period.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
2. Major guarantees
√ Applicable □ Not applicable
(1) Guarantee
Unit: ten thousand yuan
External guarantee of the Company and its subsidiaries (excluding guarantee for its subsidiaries)
Disclosur Guaran
Actual date of
e date of tee for
occurrence Actual
Name of guarantee notices Guarante Guarantee Guarantee Fulfille a
(date of guarantee
object related to e quota type period d or not related
signing the amount
guarantee party
agreement)
quota or not
Mortgage guarantee Joint
clients of China May 26, liability
26000 2017.7.6 21,000.00 one year No No
CITIC Bank, SEG 2017 guarantee
New City Branch
Housing guarantee Joint
clients of China liability
Three
Construction Bank, 45,000 2015.5.5 4,561.82 guarantee yes No
years
Huizhou Stars
Branch
Mortgage guarantee Joint
clients of China liability
30,000 2016.5.6 19,216.50 ten years No No
CITIC Bank, SEG guarantee
New City Branch
Clients purchasing Joint
the SEG New City liability
house properties 50,000 2016.5.6 0.00 guarantee one year No No
(Agricultural Bank
of China)
Clients purchasing Joint
the SEG New City liability
house properties guarantee
(Bank of 20,000 2016.7.4 1,582.00 three years No No
Agriculture and
Commerce of
China)
Clients purchasing Joint
the SEG New City liability
house properties 50,000 2016.5.6 11,802.00 guarantee ten years No No
(China Merchants
Bank)
Clients purchasing Joint
the SEG New City liability
30,000 2016.5.6 15,609.00 ten years No No
house properties guarantee
(Bank of China)
Clients purchasing Joint
the SEG New City liability
house properties 2017.2.7 930.00 guarantee five years Yes No
(China Construction
Bank)
Total amount of actually
Total amount of approved
occurred external
external guarantee quota in the 26,930.00 74,701.32
guarantee in the reporting
reporting period (A1)
period (A2)
Total amount of actual
Total amount of approved
external guarantee
external guarantee quota by the 201,000.00 74,701.32
balance by the end of the
end of the reporting period (A3)
reporting period (A4)
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Guarantee of the Company for its subsidiaries
Disclosur Guaran
Actual date of
e date of teed for
occurrence Actual Comple
Name of guarantee notices Guarante Guarantee Guarantee a
(date of guarantee ted or
object related to e quota type period related
signing the amount not
guarantee party
agreement)
quota or not
Total amount of approved Total amount of actual
guarantee quota for its guarantee incurred for its
subsidiaries in the reporting subsidiaries in the
period (B1) reporting period (B2)
Total amount of approved Total amount of actual
guarantee quota for its guarantee balance for its
subsidiaries by the end of the subsidiaries by the end of
reporting period (B3) the reporting period (B4)
Guarantee between subsidiaries
Disclosur Guaran
Actual date of
e date of teed for
occurrence Actual Comple
Name of guarantee notices Guarante Guarantee Guarantee a
(date of guarantee ted or
object related to e quota type period related
signing the amount not
guarantee party or
agreement)
quota not
Shenzhen SEG New
Joint
Urban Construction
50000 2015.10.30 50000 liability Two years Yes Yes
Development Co.,
guarantee
Ltd.
Total amount of approved Total amount of actual
guarantee quota for its guarantee incurred for its
0 50,000.00
subsidiaries in the reporting subsidiaries in the
period (C1) reporting period (C2)
Total amount of approved Total amount of actual
guarantee quota for its guarantee balance for its
50,000.00 50,000.00
subsidiaries by the end of the subsidiaries by the end of
reporting period (C3) the reporting period (C4)
Total guarantee amount of the Company (sum of the foregoing three items)
Total amount of actual
Total amount of approved
guarantee incurred in the
guarantee quota in the reporting 26,930.00 124,701.32
reporting period
period (A1+B1+C1)
(A2+B2+C2)
Total amount of actual
Total amount of approved
guarantee balance by the
guarantee quota by the end of the 251,000.00 124,701.32
end of the reporting
reporting period (A3+B3+C3)
period (A4+B4+C4)
Percentage of the total actual guarantee amount (A4+B4+C4) in
65.04%
the Company's net assets
Including:
Guarantee balance for shareholders, actual controllers, and
other related parties (D)
Debt guarantee balance directly or indirectly for guarantee
objects with an asset-liability ratio higher than 70% (E)
Amount of the total guarantee amount minus 50% of net assets
28,839.90
(F)
Sum of the foregoing three guarantee items (D+E+F)
Note to guarantee not yet due with actual or potential guarantee
responsibility in the reporting period (if any)
Note to external guarantee against the prescribed procedure (if
any)
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
(2) Illegal external guarantee
□ Applicable √ Not applicable
The Company has no illegal external guarantee in the reporting period.
3. Information on cash asset management entrusted to others
(1) Entrusted financing
√ Applicable □ Not applicable
Information on entrusted financing in the reporting period
Unit: ten thousand yuan
Source of fund
Amount of entrusted Overdue amount
Type under entrusted Balance not yet due
financing unrecovered
financing
Bank financial 247,524.00 43,021.00
Self-owned fund
product
Total 247,524.00 43,021.00
Information on risky entrusted financing with a significant amount or featuring low security, poor liquidity, and
no capital guarantee
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Unit: ten thousand yuan
Actual
Actual Entrust
return Summa
loss and Accrued ed
Type Remuneratio of gains Through ry and
Fund Referenc Expecte gain provision financi
Name of of Fund n and legal related
Product type Amount Start date End date usag e annual d yield amount s for ng plan
trustee truste source confirmation losses procedur query
e yield (if any) in the impairme in the
e method in the es or not index
reportin nt (if any) future
reportin (if any)
g period or not
g period
Industrial Jinxueqiu 2015 1st 2016.11. Floating
Bank 2300 2017.2.3 4.10% 9.82 9.82 Yes Yes
Bank No. 3301C 28 income
Industrial Jinxueqiu 2015 1st 2016.12. Floating
Bank 10000 2017.1.10 4.10% 32.58 32.58 Yes Yes
Bank No. 3301B 12 income
China Citic 2016.12. Floating
Bank Interbank deposit 1000 2017.1.3 3.40% 0.47 0.47 Yes Yes
Bank 29 income
Shanghai
Pudong Tiantianli No. 1 Floating
Bank 8300 2017.4.7 2017.5.5 3.05% 19.01 19.01 Yes Yes
Development 2301147031 income
Bank
Shanghai
Pudong Yuetianli 2017.4.1 Floating
Bank 3000 2017.5.11 4.40% 10.85 10.85 Yes Yes
Development 2301137335 0 income
Bank
Shanghai
Pudong Yuetianli 2017.6.2 Floating
Bank 5000 2017.7.21 5.15% 22.58 22.58 Yes Yes
Development 2301137335 2 income
Bank
Shanghai
Fixed holding term
Pudong 2017.6.2
Bank of the Company 4000 2017.7.27 Fixed income 4.00% 15.55 15.55 Yes Yes
Development
JG901
Bank
Shanghai
Pudong Yuetianli 2017.9.2 2017.10.2 Floating
Bank 8400 5.00% 34.52 34.52 Yes Yes
Development 2301137335 6 7 income
Bank
Shanghai
Pudong Yuetianli 2017.12. Floating
Bank 10000 2018.1.26 Yes Yes
Development 2301137335 27 income
Bank
Industrial and Bank ICBC financial 3000 2016.10. 2017.1.16 Floating 3.90% Yes Yes
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Commercial win-win and profit 15 income 29.81 29.81
Bank of increase
China SZWL1550
Industrial and ICBC financial
Commercial win-win and profit 2016.12. Floating
Bank 1000 2017.1.16 3.70% Yes Yes
Bank of increase 6 income 4.16 4.16
China SZWL1560
Industrial and ICBC financial
Commercial win-win and profit Floating
Bank 2000 2017.1.4 2017.2.14 3.70% Yes Yes
Bank of increase income 8.31 8.31
China SZWL1550
Industrial and ICBC financial
Commercial win-win and profit Floating
Bank 2000 2017.1.4 2017.4.7 3.90% Yes Yes
Bank of increase income 19.87 19.87
China SZWL1560
Industrial and ICBC financial
Commercial win-win and profit 2017.1.1 Floating
Bank 3000 2017.4.20 3.90% Yes Yes
Bank of increase 7 income 29.81 29.81
China SZWL1560
Industrial and
ICBC financial
Commercial 2017.2.1 2017.12.2 Floating
Bank win-win and profit 2000 3.50% Yes Yes
Bank of 5 6 income 60.03 60.03
increase SZDL1301
China
Industrial and ICBC financial
Commercial win-win and profit 2017.1.1 Floating
Bank 1000 2017.3.1 3.70% Yes Yes
Bank of increase 9 income 4.16 4.16
China SZWL1550
Industrial and ICBC financial
Commercial win-win and profit Floating
Bank 1000 2017.3.7 2017.4.17 3.70% Yes Yes
Bank of increase income 4.16 4.16
China SZWL1550
Industrial and ICBC financial
Commercial win-win and profit 2017.4.1 Floating
Bank 2000 2017.7.12 4.20% Yes Yes
Bank of increase 0 income 21.40 21.40
China SZWL1560
Industrial and ICBC financial
Commercial win-win and profit 2017.4.2 Floating
Bank 3000 2017.7.27 4.20% Yes Yes
Bank of increase 5 income 32.10 32.10
China SZWL1560
Industrial and ICBC financial 2017.4.2 Floating
Bank 1000 2017.6.5 4.00% Yes Yes
Commercial win-win and profit 5 income 4.49 4.49
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Bank of increase
China SZWL1550
Industrial and ICBC financial
Commercial win-win and profit Floating
Bank 1000 2017.6.5 2017.7.16 4.20% Yes Yes
Bank of increase income 4.72 4.72
China SZWL1550
Industrial and ICBC financial
Commercial win-win and profit 2017.7.1 2017.10.1 Floating
Bank 2000 4.40% Yes Yes
Bank of increase 5 6 income 22.42 22.42
China SZWL1560
Industrial and ICBC financial
Commercial win-win and profit 2017.7.2 Floating
Bank 1000 2017.9.4 4.20% Yes Yes
Bank of increase 5 income 4.72 4.72
China SZWL1550
Industrial and ICBC financial
Commercial win-win and profit Floating
Bank 3000 2017.8.2 2017.11.3 4.40% Yes Yes
Bank of increase income 33.63 33.63
China SZWL1560
Industrial and ICBC financial
Commercial win-win and profit 2017.9.2 Floating
Bank 1000 2017.11.7 4.40% Yes Yes
Bank of increase 7 income 4.94 4.94
China SZWL1550
Industrial and ICBC financial
Commercial win-win and profit 2017.10. Floating
Bank 2000 2018.1.18 4.70% Yes Yes
Bank of increase 17 income - -
China SZWL1560
Industrial and ICBC financial
Commercial win-win and profit 2017.11. Floating
Bank 3000 2018.2.3 4.70% Yes Yes
Bank of increase 3 income - -
China SZWL1561
Industrial and ICBC financial
Commercial win-win and profit 2017.11. 2017.12.2 Floating
Bank 1000 4.40% Yes Yes
Bank of increase 10 1 income 4.94 4.94
China SZWL1550
Industrial and ICBC financial
Commercial win-win and profit 2017.12. Floating
Bank 1000 2018.2.5 4.40% Yes Yes
Bank of increase 26 income - -
China SZWL1550
Industrial and ICBC financial From
Floating
Commercial Bank win-win and profit 2000 2017/12/ 3.50% Yes Yes
income - -
Bank of increase SZDL1301
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
China
Bank of BOC wealth 2016.12. 2016.12.3 Floating
Bank 1.3 1.3 Yes Yes
China accumulation plan 5 0 income
China Qianyuan -
2016.12. Floating
Construction Bank Premium 2016 No. 500 2017.3.31 4.30% 5.36 5.36 Yes Yes
29 income
Bank
China Qianyuan – Silu
2017.1.2 Floating
Construction Bank (Premium) 2017-01 500 2017.5.18 3.90% 6.3 6.3 Yes Yes
0 income
Bank financial product
BOC wealth
Bank of accumulation 2017.1.2 Floating
Bank 200 2017.4.7 3.90% 1.65 1.65 Yes Yes
China financial plan 2017 0 income
No. 017
BOC wealth
Bank of accumulation 2017.1.2 Floating
Bank 500 2017.5.12 4.30% 6.6 6.6 Yes Yes
China financial plan 2017 0 income
No. 018
BOC wealth
Bank of accumulation Floating
Bank 50 2017.2.7 2017.5.16 4.30% 0.58 0.58 Yes Yes
China financial plan 2017 income
No. 033
Bank of Accumulation day Floating
Bank 50 2017.2.7 2017.3.31 2.55% 0.21 0.21 Yes Yes
China by day income
BOC wealth
Bank of accumulation 2017.3.1 Floating
Bank 100 2017.9.5 4.20% 2.06 2.06 Yes Yes
China financial plan 2017 0 income
No. 079
BOC wealth
Bank of accumulation Floating
Bank 800 2017.4.7 2017.6.20 4.30% 6.97 6.97 Yes Yes
China financial plan 2017 income
No. 119
China Qianyuan – Silu
Floating
Construction Bank (Premium) 2017-22 500 2017.4.7 2017.10.8 4.40% 11.09 11.09 Yes Yes
income
Bank financial product
BOC wealth
Bank of accumulation 2017.4.2 Floating
Bank 250 2017.6.6 4.10% 1.18 1.18 Yes Yes
China financial plan 2017 5 income
No. 142
Bank of Accumulation day 2017.5.1 Floating
Bank 550 2017.6.30 2.30% 1.53 1.53 Yes Yes
China by day 7 income
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
China Qianyuan - Silu
2017.5.1 Floating
Construction Bank Tiantianying open 500 2017.6.2 0.42 0.42 Yes Yes
9 income
Bank financial product
China Qianyuan - Silu
Floating
Construction Bank Tiantianying open 300 2017.6.5 6.70% 11.33 11.33 Yes Yes
income
Bank financial product
China Qianyuan - Silu
2017.6.3 2017.12.2 Floating
Construction Bank Tiantianying open 200 3.55% 3.5 3.5 Yes Yes
0 7 income
Bank financial product
BOC stable
Bank of financial plan – Floating
Bank 150 2017.7.6 2017.8.10 4.10% 0.59 0.59 Yes Yes
China Zhihui series income
product
China Qianyuan - Silu
2017.12.2 Floating
Construction Bank Tiantianying open 30 2017.8.2 0.43 0.43 Yes Yes
7 income
Bank financial product
China Qianyuan – Yangyi
2017.10. Guaranteed
Construction Bank Sanqin financial 500 2018.1.16 3.70% Yes Yes
16 income
Bank product
BOC guaranteed
Bank of 2017.10. Guaranteed
Bank financing – 100 2017.11.8 2.80% 0.1 0.1 Yes Yes
China 25 income
CNYAQKF
BOC guaranteed
Bank of 2017.10. 2017.11.1 Guaranteed
Bank financing – 400 3.30% 0.76 0.76 Yes Yes
China 25 5 income
CNYAQKF
BOC guaranteed
Bank of 2017.10. 2017.11.2 Guaranteed
Bank financing – 300 3.30% 0.95 0.95 Yes Yes
China 25 9 income
CNYAQKF
BOC guaranteed
Bank of 2017.11. 2017.12.1 Guaranteed
Bank financing – 150 3.30% 0.47 0.47 Yes Yes
China 13 9 income
CNYAQKF
BOC guaranteed
Bank of 2017.11. 2017.12.1 Guaranteed
Bank financing – 300 3.30% 0.57 0.57 Yes Yes
China 24 5 income
CNYAQKF
BOC guaranteed
Bank of 2017.11. 2017.12.2 Guaranteed
Bank financing – 300 3.30% 0.57 0.57 Yes Yes
China 29 0 income
CNYAQKF
BOC guaranteed
Bank of 2017.11. 2017.12.2 Guaranteed
Bank financing – 100 3.30% 0.19 0.19 Yes Yes
China 30 1 income
CNYAQKF
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
BOC wealth
BOC SEG
accumulation Promised
Plaza Bank 1,300 2016.1.8 2017.1.6 4.15% 53.8 53.8 Yes Yes
financial plan 2016 income
Sub-branch
No. 005
BOC wealth
BOC SEG
accumulation 2016.3.2 Promised
Plaza Bank 1,600 2017.3.24 4.00% 64.35 64.35 Yes Yes
financial plan 2016 2 income
Sub-branch
No. 100
Industrial and
Commercial
ICBC financial
Bank of 2016.9.2 2016.12.3 Promised
Bank win-win and profit 2,500 3.90% 25.64 25.64 Yes Yes
China, 9 0 income
increase
Baohua
Sub-branch
Industrial and
Commercial
ICBC financial
Bank of 2016.11. Promised
Bank win-win and profit 1,000 2017.2.3 3.70% 9.43 9.43 Yes Yes
China, 3 income
increase
Baohua
Sub-branch
Industrial and
Commercial
ICBC financial
Bank of 2016.11. Promised
Bank win-win and profit 1,500 2017.3.1 3.90% 14.91 14.91 Yes Yes
China, 29 income
increase
Baohua
Sub-branch
BOC SEG BOC Zhihui
Promised
Plaza Bank financing plan 2017 2,500 2017.1.5 2017.4.13 4.20% 28.19 28.19 Yes Yes
income
Sub-branch No. [002-G]
BOC SEG BOC stable
Promised
Plaza Bank financing plan - 1,400 2017.1.9 2017.5.8 4.20% 19.17 19.17 Yes Yes
income
Sub-branch Zhihui series
BOC SEG BOC stable
Promised
Plaza Bank financing plan - 1,000 2017.2.9 2017.5.18 4.30% 11.55 11.55 Yes Yes
income
Sub-branch Zhihui series
Industrial and
ICBC financial
Commercial
win-win No. 3 2017
Bank of 2017.3.1 Promised
Bank No. 4 Type A 1,500 2017.8.31 4.60% 31.95 31.95 Yes Yes
China, 5 income
(customer
Baohua
expansion product)
Sub-branch
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
BOC wealth
BOC SEG
accumulation 2017.3.3 Promised
Plaza Bank 1,600 2017.5.9 4.40% 7.52 7.52 Yes Yes
financial plan No. 1 income
Sub-branch
2017-116-HQ
Industrial and
ICBC financial
Commercial
win-win No. 3 2017
Bank of 2017.4.2 2017.10.1 Promised
Bank No. 8 Type B 3,000 4.30% 62.91 62.91 Yes Yes
China, 1 6 income
(customer
Baohua
expansion product)
Sub-branch
BOC wealth
BOC SEG
accumulation 2017.5.1 Promised
Plaza Bank 3,000 2018.5.11 4.50% Yes Yes
financial plan No. 6 income
Sub-branch
Industrial and
Commercial ICBC financial
Bank of win-win and profit 2017.6.1 Promised
Bank 500 2017.7.22 4.20% 2.42 2.42 Yes Yes
China, increase 2 income
Baohua SZWL1550
Sub-branch
Industrial and
Commercial
ICBC financial
Bank of Promised
Bank win-win and profit 500 2017.7.6 2017.7.13 2.60% 0.24 0.24 Yes Yes
China, income
increase SZDL1301
Baohua
Sub-branch
Industrial and
Commercial
ICBC financial
Bank of Promised
Bank win-win and profit 500 2017.7.6 2017.9.27 3.40% 3.87 3.87 Yes Yes
China, income
increase SZDL1301
Baohua
Sub-branch
Industrial and
Commercial
ICBC financial
Bank of 2017.9.1 Promised
Bank win-win and profit 2,200 2017.9.27 3.20% 2.7 2.7 Yes Yes
China, 3 income
increase SZDL1301
Baohua
Sub-branch
Industrial and ICBC financial
Commercial win-win and profit 2017.9.2 2017.12.3 Promised
Bank 2,000 4.70% Yes Yes
Bank of increase 9 0 income
China, SZWL1560
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Baohua
Sub-branch
BOC wealth
BOC SEG
accumulation 2017.10. Promised
Plaza Bank 3,000 2018.4.23 4.95% Yes Yes
financial plan 2017 26 income
Sub-branch
No. 406
Industrial and
Commercial ICBC financial
Bank of win-win and profit 2017.11. Promised
Bank 500 2018.2.9 4.70% Yes Yes
China, increase 9 income
Baohua SZWL1560
Sub-branch
Bank of
BOC accumulation
China,
day by day - daily 2016.11. Promised
Nantong Bank 2017.5.15 2.25% Yes Yes
plan product 1,500.00 25 income 4.97
Gangzha
GSRJYL01
Sub-branch
Bank of
BOC accumulation
China,
day by day - daily Promised
Nantong Bank 2017.3.3 2017.5.27 2.25% Yes Yes
plan product 1,000.00 income 3.56
Gangzha
GSRJYL01
Sub-branch
Bank of
BOC accumulation
China,
day by day - daily 2017.4.1 Promised
Nantong Bank 2017.6.13 2.50% Yes Yes
plan product 700.00 2 income 4.67
Gangzha
GSRJYL01
Sub-branch
Bank of
BOC accumulation
China,
day by day - daily 2017.6.2 Promised
Nantong Bank 2017.6.30 2.50% Yes Yes
plan product 1,000.00 2 income 1.50
Gangzha
GSRJYL01
Sub-branch
Bank of
BOC accumulation
China,
day by day - daily Promised
Nantong Bank 2017.7.5 2017.8.31 2.50% Yes Yes
plan product 1,000.00 income 5.49
Gangzha
GSRJYL01
Sub-branch
Bank of
BOC accumulation
China,
day by day - daily 2017.10.3 Promised
Nantong Bank 2017.9.5 2.50% Yes Yes
plan product 700.00 1 income 1.10
Gangzha
GSRJYL01
Sub-branch
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Bank of
BOC accumulation
China,
day by day - daily 2017.11. 2017.11.3 Promised
Nantong Bank 2.50% Yes Yes
plan product 1,000.00 9 0 income 1.49
Gangzha
GSRJYL01
Sub-branch
Industrial and
Commercial Non-guarante
\"Rishengyueheng\"
Bank of 2017.1.1 ed and 0.59942 0.59942
Bank corporate financing 30.00 2017.8.21 3.30% Yes Yes
China, 0 floating 5 5
for income increase
Sipailou income
Sub-branch
Industrial and
Commercial Non-guarante
\"Rishengyueheng\"
Bank of 2017.1.1 ed and 0.59942 0.59942
Bank corporate financing 30.00 2017.8.21 3.30% Yes Yes
China, 0 floating 5 5
for income increase
Sipailou income
Sub-branch
Industrial and
Commercial Non-guarante
\"Rishengyueheng\"
Bank of 2017.1.1 ed and 0.59942 0.59942
Bank corporate financing 30.00 2017.8.21 3.30% Yes Yes
China, 0 floating 5 5
for income increase
Sipailou income
Sub-branch
Industrial and
Commercial Non-guarante
\"Rishengyueheng\"
Bank of 2017.1.1 ed and 0.59942 0.59942
Bank corporate financing 30.00 2017.8.21 3.30% Yes Yes
China, 0 floating 5 5
for income increase
Sipailou income
Sub-branch
Industrial and
Commercial Non-guarante
\"Rishengyueheng\"
Bank of 2017.1.1 ed and 0.59942 0.59942
Bank corporate financing 30.00 2017.8.21 3.30% Yes Yes
China, 0 floating 5 5
for income increase
Sipailou income
Sub-branch
Industrial and
Commercial
Guaranteed 35-day Guaranteed
Bank of 2017.3.2 0.08630 0.08630
Bank stable income RMB 30.00 2017.5.2 and floating 3.00% Yes Yes
China, 8 1 1
corporate finance income
Sipailou
Sub-branch
Industrial and Bank Guaranteed 35-day 30.00 2017.3.2 2017.5.2 Guaranteed 3.00% 0.08630 0.08630 Yes Yes
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Commercial stable income RMB 8 and floating 1
Bank of corporate finance income
China,
Sipailou
Sub-branch
Industrial and
Commercial
Guaranteed 35-day Guaranteed
Bank of 2017.3.2 0.08630 0.08630
Bank stable income RMB 30.00 2017.5.2 and floating 3.00% Yes Yes
China, 8 1 1
corporate finance income
Sipailou
Sub-branch
Industrial and
Commercial
Guaranteed 35-day Guaranteed
Bank of 2017.3.2 0.08630 0.08630
Bank stable income RMB 30.00 2017.5.2 and floating 3.00% Yes Yes
China, 8 1 1
corporate finance income
Sipailou
Sub-branch
Industrial and
Commercial
Guaranteed 35-day Guaranteed
Bank of 2017.3.2 0.08630 0.08630
Bank stable income RMB 30.00 2017.5.2 and floating 3.00% Yes Yes
China, 8 1 1
corporate finance income
Sipailou
Sub-branch
Industrial and
Commercial Non-guarante
\"Rishengyueheng\"
Bank of ed and
Bank corporate financing 30.00 2017.5.8 2017.8.21 3.30% 0.27937 0.27937 Yes Yes
China, floating
for income increase
Sipailou income
Sub-branch
Industrial and
Commercial Non-guarante
\"Rishengyueheng\"
Bank of ed and
Bank corporate financing 30.00 2017.5.8 2017.8.21 3.30% 0.27937 0.27937 Yes Yes
China, floating
for income increase
Sipailou income
Sub-branch
Industrial and
Commercial Non-guarante
\"Rishengyueheng\"
Bank of ed and
Bank corporate financing 30.00 2017.5.8 2017.8.21 3.30% 0.27937 0.27937 Yes Yes
China, floating
for income increase
Sipailou income
Sub-branch
Industrial and Bank \"Rishengyueheng\" 30.00 2017.5.8 2017.8.21 Non-guarante 3.30% 0.27937 0.27937 Yes Yes
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Commercial corporate financing ed and
Bank of for income increase floating
China, income
Sipailou
Sub-branch
Industrial and
Commercial Non-guarante
\"Rishengyueheng\"
Bank of ed and
Bank corporate financing 30.00 2017.5.8 2017.8.21 3.30% 0.27937 0.27937 Yes Yes
China, floating
for income increase
Sipailou income
Sub-branch
Industrial and
Commercial Non-guarante
\"Rishengyueheng\"
Bank of ed and 0.20128 0.20128
Bank corporate financing 30.00 2017.6.1 2017.8.21 3.10% Yes Yes
China, floating 8 8
for income increase
Sipailou income
Sub-branch
Industrial and
Commercial Non-guarante
\"Rishengyueheng\"
Bank of ed and 0.20128 0.20128
Bank corporate financing 30.00 2017.6.1 2017.8.21 3.10% Yes Yes
China, floating 8 8
for income increase
Sipailou income
Sub-branch
Industrial and
Commercial
Guaranteed 35-day Guaranteed
Bank of 2017.11. 2017.12.1 0.09205 0.09205
Bank stable income RMB 30.00 and floating 3.20% Yes Yes
China, 14 9 5 5
corporate finance income
Sipailou
Sub-branch
Industrial and
Commercial
Guaranteed 35-day Guaranteed
Bank of 2017.11. 2017.12.1 0.09205 0.09205
Bank stable income RMB 30.00 and floating 3.20% Yes Yes
China, 14 9 5 5
corporate finance income
Sipailou
Sub-branch
Industrial and
Commercial
Guaranteed 35-day Guaranteed
Bank of 2017.11. 2017.12.1 0.09205 0.09205
Bank stable income RMB 30.00 and floating 3.20% Yes Yes
China, 14 9 5 5
corporate finance income
Sipailou
Sub-branch
Industrial and Bank Guaranteed 35-day 30.00 2017.11. 2017.12.1 Guaranteed 3.20% 0.09205 0.09205 Yes Yes
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Commercial stable income RMB 14 9 and floating 5
Bank of corporate finance income
China,
Sipailou
Sub-branch
Industrial and
Commercial
Guaranteed 35-day Guaranteed
Bank of 2017.11. 2017.12.1 0.09205 0.09205
Bank stable income RMB 30.00 and floating 3.20% Yes Yes
China, 14 9 5 5
corporate finance income
Sipailou
Sub-branch
Industrial and
Commercial
Guaranteed 35-day Guaranteed
Bank of 2017.11. 2017.12.1 0.09205 0.09205
Bank stable income RMB 30.00 and floating 3.20% Yes Yes
China, 14 9 5 5
corporate finance income
Sipailou
Sub-branch
Industrial and
Commercial
Guaranteed 35-day Guaranteed
Bank of 2017.11. 2017.12.1
Bank stable income RMB 20.00 and floating 3.20% 0.06137 0.06137 Yes Yes
China, 14
corporate finance income
Sipailou
Sub-branch
BOC stable Non-guarante
Bank of financing plan - 2016. ed and
Bank 400 2017.6.22 3.80% 14.87 14.87 Yes Yes
China Zhihui series No. 6.30 floating
Q16301-G income
BOC wealth Non-guarante
Bank of accumulation 2016.8.2 ed and
Bank 200 2017.3.10 3.45% 3.71 3.71 Yes Yes
China financial plan No. 6 floating
2016.319 income
BOC stable Non-guarante
Bank of financing plan - ed and
Bank 150 2016. 9.8 2017.3.13 3.45% 2.64 2.64 Yes Yes
China Zhihui series No. floating
Q16437-G income
BOC stable Non-guarante
Bank of financing plan - 2016.10. 2017.10.1 ed and
Bank 400 3.60% 14.20 14.20 Yes Yes
China Zhihui series No. 24 9 floating
Q16514-G income
BOC Zhihui Non-guarante
Bank of 2016.12.
Bank financing plan 2016 800 2017.5.25 ed and 3.70% 14.19 14.19 Yes Yes
China
No. 473-G floating
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
income
Non-guarante
BOC Zhihui
Bank of ed and
Bank financing plan No. 300 2017.1.5 2017.4.13 4.20% 3.38 3.38 Yes Yes
China floating
2017.002-G
income
BOC stable Non-guarante
Bank of financing plan - 2017.3.1 ed and
Bank 300 2017.9.14 4.20% 6.28 6.28 Yes Yes
China Zhihui series No. 6 floating
Q17195-G income
BOC stable Non-guarante
Bank of financing plan - ed and
Bank 600 2017.6.1 2017.8.3 4.10% 4.25 4.25 Yes Yes
China Zhihui series No. floating
Q17444-G income
BOC wealth Non-guarante
Bank of accumulation 2017.6.2 ed and
Bank 640 2017.12.8 4.60% 13.23 13.23 Yes Yes
China financial plan No. 7 floating
2017.229 income
BOC wealth Non-guarante
Bank of accumulation 2017.10.1 ed and
Bank 500 2017.8.8 4.00% 3.51 3.51 Yes Yes
China financial plan No. 1 floating
2017.285 income
BOC guaranteed
Bank of 2017.10. Guaranteed
Bank financing – 500 2018.7.11 3.60% Yes Yes
China 12 income
CNYAQKF
BOC guaranteed
Bank of 2017.10. 2018.10.2 Guaranteed
Bank financing – 300 3.50% Yes Yes
China 20 2 income
CNYAQKF
BOC guaranteed
Bank of 2017.12. Guaranteed
Bank financing – 950 2018.3.13 3.50% Yes Yes
China 11 income
CNYAQKF
Bank of
BOC accumulation
China,
day by day - daily 2017.11. Promised
Nantong Bank 1000 2.25% 1.23 Yes Yes
plan product 30 income
Gangzha
GSRJYL01
Sub-branch
Product code -
Shanghai
Pudong 2016.9.2 Floating
Bank Product name - 400 2017.3.25 3.65% 7.20 Yes Yes
Development 9 income
Caifubanche Jinqu
Bank
No. 4
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Shanghai Product code -
Pudong 2301137337 2016.11. Floating
Bank 600 2017.2.4 3.55% 5.31 Yes Yes
Development Caifubanche Jinqu 4 income
Bank No. 3
Shanghai Product code -
Pudong 2301137338 2016.12. Floating
Bank 800 2017.3.8 3.80% 7.50 Yes Yes
Development Caifubanche Jinqu 7 income
Bank No. 4
Shanghai Product code -
Pudong 2301137337 2017.2.1 Floating
Bank 400 2017.5.11 4.25% 4.19 Yes Yes
Development Caifubanche Jinqu 0 income
Bank No. 3
Shanghai Product code -
Pudong 2301137337 2017.3.1 Floating
Bank 600 2017.6.13 4.25% 6.21 Yes Yes
Development Caifubanche Jinqu 5 income
Bank No. 4
Shanghai Product code -
Pudong 2301137338 Floating
Bank 600 2017.4.7 2017.10.9 4.65% 14.14 Yes Yes
Development Caifubanche Jinqu income
Bank No. 4
Shanghai Product code -
Pudong 2301137337 2017.5.1 2017.11.1 Floating
Bank 400 4.50% 8.88 Yes Yes
Development Caifubanche Jinqu 7 3 income
Bank No. 4
Shanghai
Product code –
Pudong 2017.6.1 Floating
Bank 2301177101 600 2017.6.29 3.80% 0.94 Yes Yes
Development 5 income
Bubugaosheng
Bank
Shanghai Product code -
Pudong 2301137337 Floating
Bank 600 2017.7.4 2017.10.9 4.90% 7.81 Yes Yes
Development Caifubanche Jinqu income
Bank No. 3
Shanghai Product code -
Pudong 2301137337 2017.10. Floating
Bank 600 2018.1.8 5.00% Yes Yes
Development Caifubanche Jinqu 11 income
Bank No. 3
Shanghai Product code -
Pudong 2301137338 2017.10. Floating
Bank 200 2018.4.8 5.00% Yes Yes
Development Caifubanche Jinqu 11 income
Bank No. 4
Shanghai Bank Product code - 400 2017.11. 2018.2.14 Floating 5.00% Yes Yes
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Pudong 2301137337 16 income
Development Caifubanche Jinqu
Bank No. 3
Bank of Yuntong fortune -
2017.1.1 Promised
Communicati Bank daily profit increase 1100 2017.5.10 2.95% 10.5 Yes Yes
7 income
ons
Bank of Yuntong fortune -
2017.5.1 Promised
Communicati Bank daily profit increase 1100 2017.7.14 3.70% 7.02 Yes Yes
2 income
ons
China
2017.3.1 Promised
Merchants Bank Suiyueliujin 51457 200 2017.7.26 3.30% 2.42 Yes Yes
4 income
Bank
China
Promised
Merchants Bank Suiyueliujin 51460 100 2017.4.6 2017.8.18 3.50% 1.28 Yes Yes
income
Bank
China
2017.5.1 Promised
Merchants Bank Suiyueliujin 51466 1000 2017.8.17 3.50% 8.92 Yes Yes
6 income
Bank
China
2017.6.1 Promised
Merchants Bank Suiyueliujin 51470 150 2017.9.11 3.70% 1.38 Yes Yes
2 income
Bank
China
2017.6.2 Promised
Merchants Bank Suiyueliujin 51472 150 2017.9.11 4.00% 1.26 Yes Yes
6 income
Bank
China
2017.7.1 Promised
Merchants Bank Suiyueliujin 51475 1100 2017.10.9 4.00% 10.12 Yes Yes
7 income
Bank
China
Promised
Merchants Bank Suiyueliujin 51477 350 2017.8.4 2017.11.9 3.80% 3.53 Yes Yes
income
Bank
Bank of Yuntong fortune -
2017.8.2 2017.11.2 Promised
Communicati Bank daily profit increase 1200 3.90% 11.67 Yes Yes
8 7 income
ons
China
2017.9.1 2017.12.1 Promised
Merchants Bank Suiyueliujin 51482 350 3.80% 3.53 Yes Yes
2 8 income
Bank
China
2017.10. Promised
Merchants Bank Suiyueliujin 51485 1200 2018.1.18 3.80% Yes Yes
10 income
Bank
China Bank Suiyueliujin 51490 380 2017.11. 2018.2.22 Promised 4.00% Yes Yes
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Merchants 14 income
Bank
Bank of Yuntong fortune -
2017.12. Promised
Communicati Bank daily profit increase 1200 2018.3.5 4.30% Yes Yes
4 income
ons
China
2017.12. Promised
Merchants Bank Suiyueliujin 51494 100 2018.3.23 4.20% Yes Yes
12 income
Bank
China
2017.12. Promised
Merchants Bank Suiyueliujin 51495 300 2018.4.12 4.20% Yes Yes
19 income
Bank
BOC stable and
Bank of 2016.11. Promised
Bank smart financial 400 2017.3.2 3.60% 3.88 3.88 Yes Yes
China 24 income
product
Industrial and
ICBC financial
Commercial Promised
Bank win-win and profit 1500 2016.9.6 2016.12.8 3.90% 14.91 14.91 Yes Yes
Bank of income
increase
China
Industrial and
ICBC financial
Commercial 2016.11. Promised
Bank win-win and profit 1500 2017.1.3 3.50% 5.9 5.9 Yes Yes
Bank of 23 income
increase
China
Industrial and
ICBC financial
Commercial 2016.11. Promised
Bank win-win and profit 700 2017.1.8 3.70% 2.82 2.82 Yes Yes
Bank of 28 income
increase
China
Industrial and
ICBC financial
Commercial 2016.12. Promised
Bank win-win and profit 1000 2017.1.19 3.70% 4.15 4.15 Yes Yes
Bank of 9 income
increase
China
Industrial and
ICBC financial
Commercial 2016.10. Promised
Bank win-win and profit 1300 2017.1.26 3.70% 12.26 12.26 Yes Yes
Bank of 25 income
increase
China
Industrial and
ICBC financial
Commercial 2016.11. Promised
Bank win-win and profit 1300 2017.2.3 3.70% 12.26 12.26 Yes Yes
Bank of 3 income
increase
China
Industrial and 2016.12. Promised
Bank ICBC financial 600 2017.2.8 3.70% 2.49 2.49 Yes Yes
Commercial 29 income
win-win and profit
Bank of
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
China increase
Industrial and
ICBC financial
Commercial Promised
Bank win-win and profit 400 2017.1.3 2017.2.13 3.70% 1.66 1.66 Yes Yes
Bank of income
increase
China
Industrial and
ICBC financial
Commercial Promised
Bank win-win and profit 1000 2017.1.4 2017.2.14 3.70% 4.15 4.15 Yes Yes
Bank of income
increase
China
Industrial and
ICBC financial
Commercial 2017.1.1 Promised
Bank win-win and profit 800 2017.2.21 3.70% 3.32 3.32 Yes Yes
Bank of 1 income
increase
China
Industrial and
ICBC financial
Commercial Floating 3.2-3.5
Bank win-win and stable 1000 2016.8.2 2017.7.11 26.58 26.58 Yes Yes
Bank of income %
profit increase
China
Industrial and
ICBC financial
Commercial 2017.1.2 Floating
Bank win-win and stable 1000 Yes Yes
Bank of 1 income
profit increase
China
Industrial and
ICBC financial
Commercial Promised
Bank win-win and profit 2000 2017.2.9 2017.3.2 3.70% 8.3 8.3 Yes Yes
Bank of income
increase
China
Industrial and
ICBC financial
Commercial Floating 3.2-3.5
Bank win-win and stable 800 2017.2.9 2017.3.24 0.97 0.97 Yes Yes
Bank of income %
profit increase
China
Industrial and
ICBC financial
Commercial 2017.12.2 Floating 2.2-3.5
Bank win-win and stable 1800 2017.3.9 41.13 41.13 Yes Yes
Bank of 9 income %
profit increase
China
Industrial and
ICBC financial
Commercial Floating 2.2-3.5
Bank win-win and stable 300 2017.3.9 2017.6.19 2.33 2.33 Yes Yes
Bank of income %
profit increase
China
BOC stable and
Bank of Promised
Bank smart financial 400 2017.3.6 2017.5.23 3.90% 3.32 3.32 Yes Yes
China income
product
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Industrial and
ICBC financial
Commercial 2017.3.2 Floating 2.2-3.5
Bank win-win and stable 100 2017.6.19 1.17 1.17 Yes Yes
Bank of 9 income %
profit increase
China
Industrial and
ICBC financial
Commercial 2017.3.2 Floating 2.2-3.5
Bank win-win and stable 300 2017.5.24 3.4 3.4 Yes Yes
Bank of 9 income %
profit increase
China
Industrial and
ICBC financial
Commercial Floating
Bank win-win and stable 400 2017.4.1 2017.5.24 Yes Yes
Bank of income
profit increase
China
Industrial and
ICBC financial
Commercial Floating 2.2-3.5
Bank win-win and stable 200 2017.5.2 2017.5.10 0.1 0.1 Yes Yes
Bank of income %
profit increase
China
BOC stable and
Bank of 2017.5.2 Promised
Bank smart financial 400 2017.8.24 4.30% 4.28 4.28 Yes Yes
China 5 income
product
Industrial and
ICBC financial
Commercial Promised
Bank win-win and profit 500 2017.8.2 2017.11.3 4.40% 6 6 Yes Yes
Bank of income
increase
China
Industrial and
ICBC financial
Commercial 2017.12.2 Floating 2.2-3.5
Bank win-win and stable 300 2017.8.9 6.46 6.46 Yes Yes
Bank of 9 income %
profit increase
China
Industrial and
ICBC financial
Commercial 2017.8.1 Floating 2.2-3.5
Bank win-win and stable 100 2017.8.29 0.09 0.09 Yes Yes
Bank of 6 income %
profit increase
China
Industrial and
ICBC financial
Commercial 2017.8.1 2017.12.2 Floating 2.2-3.5
Bank win-win and stable 150 4.7 4.7 Yes Yes
Bank of 6 9 income %
profit increase
China
Industrial and
ICBC financial
Commercial 2017.8.1 Floating 2.2-3.5
Bank win-win and stable 150 2017.9.6 0.26 0.26 Yes Yes
Bank of 6 income %
profit increase
China
Bank of BOC Zhifu Ronghui 2017.8.2 2017.11.2 Promised
Bank 400 4.60% 4.6 4.6 Yes Yes
China series 8 6 income
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Bank of BOC guaranteed 2017.9.2 2017.12.2 Promised
Bank 250 3.09% 1.94 1.94 Yes Yes
China financing 9 9 income
Bank of BOC accumulation 2017.9.3 Floating
Bank 350 3.00% 1.78 1.78 Yes Yes
China day by day 0 income
Industrial and
ICBC financial
Commercial 2017.10. Floating 2.2-3.5
Bank win-win and stable 100 2017.11.8 0.25 0.25 Yes Yes
Bank of 9 income %
profit increase
China
Industrial and
ICBC financial
Commercial 2017.10. 2017.10.2 Floating 2.2-3.5
Bank win-win and stable 100 0.14 0.14 Yes Yes
Bank of 9 6 income %
profit increase
China
Industrial and
ICBC financial
Commercial 2017.10. Promised
Bank win-win and profit 200 2017.12.4 4.40% 0.99 0.99 Yes Yes
Bank of 24 income
increase
China
Industrial and
ICBC financial
Commercial 2017.11. 2017.12.1 Promised
Bank win-win and profit 500 4.40% 2.47 2.47 Yes Yes
Bank of 7 8 income
increase
China
Bank of Ronghui series 2017.11. Promised
Bank 400 2018.1.31 4.40% Yes Yes
China financial plan 29 income
Bank of Ronghui series 2017.12. 2017.12.3 Promised
Bank 500 4.50% Yes Yes
China financial plan 4 1 income
Industrial and
ICBC financial
Commercial 2017.12. 2017.12.2 Floating
Bank win-win and stable 150 0-3.5% 0.04 0.04 Yes Yes
Bank of 5 9 income
profit increase
China
Floating
Bank Yes Yes
income
Bank of BOC guaranteed 2017.12. Promised
Bank 500 2018.1.16 3.05% Yes Yes
China financing 20 income
Bank of BOC guaranteed 2017.12. Promised
Bank 750 2018.1.18 3.05% Yes Yes
China financing 22 income
Industrial and
ICBC financial
Commercial 2017.12. Floating
Bank win-win and stable 350 0-3.5% Yes Yes
Bank of 25 income
profit increase
China
Industrial and Bank ICBC financial 300 0-3.5% 6.46 6.46 Yes Yes
2017.12. 2017.12.2 Floating
Commercial win-win and stable
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Bank of profit increase 27 9 income
China
Industrial and
ICBC financial
Commercial 2017.12. Floating
Bank win-win and stable 100 0-3.5% Yes Yes
Bank of 31 income
profit increase
China
Industrial and
ICBC financial
Commercial 2017.12. Promised
Bank win-win and profit 1000 2018.4.6 4.70% Yes Yes
Bank of 31 income
increase
China
Industrial and
ICBC financial
Commercial 2017.12. Floating
Bank win-win and stable 1550 0-3.5% Yes Yes
Bank of 31 income
profit increase
China
Bank of Ronghui series 2017.12. Promised
Bank 250 2018.1.29 4.75% Yes Yes
China financial plan 29 income
\"Xinjiaxin No. 16\" 2016.11. Floating
CGB Bank 2017.2.8 2.60% 8.02 Yes Yes
XJXSLJ4829 1,000.00 4 income
BOC accumulation
Bank of 2016.11. Floating
Bank day by day - daily 2017.9.8 2.68% Yes Yes
China 1,550.00 16 income 19.42
plan GSRJYL01
\"Penman Boying\" 2016.12. Floating
CGB Bank 500.00 2017.1.9 2.60% 1.94 Yes Yes
Ririying 5 income
\"Penman Boying\" 2016.12. Floating
CGB Bank 900.00 2017.1.5 2.60% 2.53 Yes Yes
Ririying 5 income
BOC accumulation
day by day - daily
Bank of 2016.12. Floating
Bank plan 2017.1.14 2.25% 4.40 Yes Yes
China 1,000.00 26 income
GSRJYL01GSRJY
L01
Industrial and
ICBC financial
Commercial Floating
Bank win-win Yuetianli 2017.1.1 2017.1.26 3.60% 4.91 Yes Yes
Bank of 2,200.00 income
SZYL1401
China
\"Xinjiaxin No. 16\" Floating
CGB Bank 2017.1.6 2017.4.12 2.60% Yes Yes
XJXSLJ5225 1,500.00 income 13.81
\"Xinjiaxin No. 16\" 2017.1.1 Floating
CGB Bank 2017.4.12 2.60% Yes Yes
XJXSL5319 2,300.00 2 income 20.13
Bank of 2017.1.2 Floating
Bank CNYAQKFTPO 700.00 2017.2.8 2.68% 0.77 Yes Yes
China 4 income
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Industrial and
ICBC financial
Commercial Floating
Bank win-win Yuetianli 2,200.00 2017.2.1 2017.2.28 3.60% 5.47 Yes Yes
Bank of income
SZYL1401
China
\"Xinjiaxin No. 16\" 2017.2.1 Floating
CGB Bank 1,000.00 2017.5.11 2.60% 9.12 Yes Yes
XJXSLJ5237 0 income
Industrial and
ICBC financial
Commercial 2017.2.1 Floating
Bank win-win Yuetianli 500.00 2017.2.28 3.60% 0.55 Yes Yes
Bank of 7 income
SZYL1401
China
Industrial and
ICBC financial
Commercial Floating
Bank win-win Yuetianli 2017.3.1 2017.3.31 3.60% 8.80 Yes Yes
Bank of 3,250.00 income
SZYL1401
China
Industrial and
ICBC financial
Commercial Floating
Bank win-win Yuetianli 2017.4.1 2017.4.30 8.65 Yes Yes
Bank of 3,250.00 income
SZYL1401
China
Gongying
China Citic 2017.3.1 Floating
Bank Bubugaosheng 348.00 Yes Yes
Bank 0 income
B160C0184
\"Xinjiaxin No. 16\" 2017.4.1 Floating
CGB Bank 2,300.00 2017.7.14 4.05% 23.22 Yes Yes
XJXSLJ5272 4 income
Ririying 2017.4.1 Floating
CGB Bank 1,500.00 2017.4.19 1.60% 0.31 Yes Yes
PMBYTJ0002 4 income
\"Xinjiaxin No. 16\" 2017.4.1 Floating
CGB Bank 1,500.00 2017.5.19 3.85% 4.75 Yes Yes
XJXSLJ5983 9 income
Industrial and
ICBC financial
Commercial Floating
Bank win-win Yuetianli 750.00 2017.5.2 2017.5.31 3.60% 2.48 Yes Yes
Bank of income
SZYL1401
China
Industrial and
ICBC financial
Commercial 2017.5.1 Floating
Bank win-win Yuetianli 500.00 2017.5.31 3.60% 0.65 Yes Yes
Bank of 8 income
SZYL1401
China
\"Xinjiaxin No. 16\" Floating
CGB Bank 2,000.00 2017.5.4 2017.8.2 4.10% 20.22 Yes Yes
XJXSLJ6159\" income
\"Xinjiaxin No. 16\" 2017.5.1 Floating
CGB Bank 2017.8.10 3.85% 9.62 Yes Yes
XJXSLJ5285\" 1,000.00 2 income
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
\"Xinjiaxin No. 16\" 2017.5.1 Floating
CGB Bank 1,500.00 2017.8.17 4.10% Yes Yes
XJXCKJ0059'' 9 income 15.16
Industrial and
ICBC financial
Commercial Floating
Bank win-win Yuetianli 950.00 2017.6.2 2017.6.30 3.60% 2.72 Yes Yes
Bank of income
SZYL1401
China
Industrial and
ICBC financial
Commercial Floating
Bank win-win Yuetianli 950.00 2017.7.4 2017.7.31 3.60% 2.72 Yes Yes
Bank of income
SZYL1401
China
Industrial and
ICBC financial
Commercial Floating
Bank win-win Yuetianli 500.00 2017.7.6 2017.7.31 3.60% 1.13 Yes Yes
Bank of income
SZYL1401
China
\"Xinjiaxin No. 16\" Floating
CGB Bank 560.00 2017.7.7 2017.10.9 4.15% 5.99 Yes Yes
XJXSLJ6903\" income
Industrial and
ICBC financial
Commercial 2017.7.2 Floating
Bank win-win Yuetianli 500.00 2017.7.31 3.60% 0.55 Yes Yes
Bank of 0 income
SZYL1401
China
CGB
2017.7.1 2017.10.1 Floating
CGB Bank ''Minglishuangshou\" 2,800.00 4.10% Yes Yes
4 2 income 28.31
XJXCKJ0292
Industrial and
ICBC financial
Commercial Floating
Bank win-win Yuetianli 2017.8.1 2017.8.28 3.60% 5.77 Yes Yes
Bank of 1,950.00 income
SZYL1401
China
\"Xinjiaxin No. 16\" Floating
CGB Bank 2017.8.4 2018.11.2 4.15% 25.58 Yes Yes
XJXSLJ6911'' 2,500.00 income
\"Xinjiaxin No. 16\" 2017.8.1 2017.11.1 Floating
CGB Bank 2,300.00 4.30% 24.66 Yes Yes
XJXSLJ6762'' 8 7 income
Industrial and
Commercial Suixin E 2017.9.1 2017.12.1 Floating
Bank 1,000.00 3.50% Yes Yes
Bank of \"SXE17BBX 3 5 income
China
Bank of 2017.9.3 2017.12.2 Floating
Bank CNYAQKF 700.00 3.40% Yes Yes
China 0 9 income
\"Penman Boying\"
2017.10. Floating
CGB Bank Ririying 2,665.00 2017.11.6 1.00% 1.75 Yes Yes
13 income
PMBYTJ0002
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
\"Xinjiaxin No. 16\" 2017.10. 2017.12.1 Floating
CGB Bank 4.20% Yes Yes
XJXSLJ7159'' 1,000.00 13 3 income
\"Xinjiaxin No. 16\" 2017.11. Floating
CGB Bank 2018.2.6 4.45% Yes Yes
XJXSL7336\" 5,191.00 6 income
\"Xinjiaxin No. 16\" 2017.11. Floating
CGB Bank 2018.5.16 4.45% Yes Yes
XJXCKJ0840\" 2,300.00 17 income
247,524. 1,556.0
Total -- -- -- -- -- -- 0 -- 0 -- -- --
00
Circumstances where the principal of entrusted financing cannot be recovered or that may otherwise cause impairment
□Applicable √ Not applicable
(2) Entrusted loaning
□ Applicable √ Not applicable
4. Other Important Contracts
√ Applicable □ Not applicable
Book Appraisal
value of value of
assets assets
Base Transaction Implementation
involved involved Appraisal Connected
Contracting Contract Date of date of Pricing price as of the end of Disclosure Disclosure
Counterparty in the in the agency (if transaction Association
party subject signing appraisal principle (RMB the reporting date index
contract contract any) or not
(if any) 10,000) period
(RMB (RMB
10,000) 10,000)
(if any) (if any)
Shenzhen Shenzhen Shenzhen Shenzhen
Short-term January Market Holding
SEG Co., SEG Credit 3,000 None None Fulfilled SEG Co., SEG Credit
financing 13, 2016 price subsidiary
Ltd. Co., Ltd. Ltd. Co., Ltd.
Shenzhen Shenzhen Shenzhen Shenzhen
Short-term April 12, Market Holding
SEG Co., SEG Credit 3,000 None None Fulfilled SEG Co., SEG Credit
financing 2017 price subsidiary
Ltd. Co., Ltd. Ltd. Co., Ltd.
Shenzhen Shenzhen Shenzhen Shenzhen
Short-term April 14, Market Holding
SEG Co., SEG Credit 3,000 None None Being fulfilled SEG Co., SEG Credit
financing 2017 price subsidiary
Ltd. Co., Ltd. Ltd. Co., Ltd.
Shenzhen Shenzhen Shenzhen Shenzhen
Short-term April 20, Market Holding
SEG Co., SEG Credit 4,500 None None Being fulfilled SEG Co., SEG Credit
financing 2017 price subsidiary
Ltd. Co., Ltd. Ltd. Co., Ltd.
Full Text of 2017 Annual Report of Shenzhen SEG Co., Ltd.
Shenzhen Shenzhen Shenzhen Shenzhen
Short-term May 17, Market Holding
SEG Co., SEG Credit 6,000 None None Being fulfilled SEG Co., SEG Credit
financing 2017 price subsidiary
Ltd. Co., Ltd. Ltd. Co., Ltd.
Shenzhen Shenzhen Shenzhen Shenzhen
Short-term May 19, Market Holding
SEG Co., SEG Credit 3,500 None None Being fulfilled SEG Co., SEG Credit
financing 2017 price subsidiary
Ltd. Co., Ltd. Ltd. Co., Ltd.
SPDB SPDB
Shenzhen Shenzhen Shenzhen Shenzhen
Financial April 7, Market
SEG Co., Branch 8,300 None None None Fulfilled SEG Co., Branch
management 2017 price
Ltd. Tairan Ltd. Tairan
Sub-branch Sub-branch
SPDB
Shenzhen SPDB Tairan Shenzhen
Financial April 10, Market Tairan
SEG Co., Sub-branch,
