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深赛格B:2021年第一季度报告正文(英文版) 下载公告
公告日期:2021-04-27

Stock code: 000058, 200058 Stock abbreviation: SHEN SEG, SHEN SEG B Notice No.: 2021-025

Body of Q1 2021 Report of Shenzhen SEG Co., Ltd.

Content

Chapter 1 Important Notice ...... 4

Chapter 2 Basic Information About The Company ...... 5

Chapter 3 Important Matters ...... 9

Interpretation

ItemsRefers toContents
The Company, Company, listed company, SHEN SEGRefers toShenzhen SEG Co., Ltd.
SEG GroupRefers toShenzhen SEG Group Co., Ltd.
SEG PropertyRefers toShenzhen SEG Property Investment Co., Ltd.
SEG KangleRefers toShenzhen SEG Kangle Enterprise Development Co., Ltd.
SEG ChuangyehuiRefers toShenzhen SEG Chuangyehui Co., Ltd.
SEG Property ManagementRefers toShenzhen SEG Property Management Co., Ltd.
XinDongsheng Property ManagementRefers toShenzhen XinDongsheng Property Management Co., Ltd.
SEG New UrbanRefers toShenzhen SEG New Urban Construction Development Co., Ltd.
Target companyRefers toFour companies including SEG Property, SEG Property Development, SEG Kangle and SEG Chuangyehui injected during this major asset restructuring
Huakong SEGRefers toShenzhen Huakong SEG Co., Ltd.
SEG SmartechsRefers toShenzhen SEG Smartechs Co., Ltd.
Unless otherwise specified, the monetary amounts quoted in this reportRefers toRMB
In the reporting periodRefers toFrom 1 Jan. 2021 to 31 Mar. 2021

Chapter 1 Important NoticeThe Board of Directors, the Board of Supervisors, the directors, the supervisors,and the senior executives guarantee that the quarterly report is authentic,accurate, and complete and that it has no false records, misleading statements ormajor omissions and they undertake joint and several legal liabilities.All Directors are attended the Board Meeting for Quarterly Report deliberation.Chairman of the Board Zhang Liang, Chief Financial Officer Yan Dongxia, andthe responsible person of the accounting institution (accountant in charge) WangLei hereby declare that the Financial statements enclosed in this quarterlyreport are true, accurate and complete.

Chapter 2 Basic Information About The Company

I. Major Accounting Data And Financial Indexes

Are retrospective adjustments made to previous financial statements?

□ Yes √ No

Amount of the reporting periodAmount of the same period of the previous yearYear-on-year increase/decrease in the reporting period
OperatingIncome (yuan)463,208,485.25192,164,935.58141.05%
Net profit attributable to shareholders of the listed company (yuan)33,065,039.59-11,787,492.80380.51%
Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (yuan)28,784,190.03-18,662,797.99254.23%
Net cash flow arising from operating activities (yuan)-64,410,695.22-30,503,048.76-111.16%
Basic EPS (yuan/share)0.0268-0.0095381.67%
Diluted EPS (yuan/share)0.0268-0.0095381.67%
Weighted average ROE1.72%-0.62%2.34%
Amount at the end of the reporting periodAmount at the end of the previous yearYear-on-year increase/decrease in the reporting period
Total assets (yuan)5,932,955,389.445,830,977,104.071.75%
Net assets attributable to shareholders of the listed company (yuan)1,938,778,732.951,905,722,149.421.73%

Items and Amount of Non-recurring Profits and Losses

√ Applicable □ Not Applicable

Unit: RMB/Yuan

ItemAmount from the beginning of year to the end of the periodRemarks
Profits/losses from disposal of non-current assets (including the write-off portion of the impairment provision for assets already withdrawn)-1,643.55
Government subsidies recognized in current profit or loss (except1,034,362.78
those closely related to corporate business and enjoyed according to national standards or certain quota)
Capital occupation fee charged to non-financial enterprise that reckoned into current Profits/losses329,322.62
Profit and loss from commissioned investment or asset management4,032,427.96
Trust fee obtained from trust operation33,558.50
Other non-operating income and expenditure except for the aforementioned items1,272,276.88
Less: Amount of affected income tax1,622,984.66
Amount of influence of minority shareholders' equity (after tax)796,470.97
Total4,280,849.56--

An explanation shall be made with regard to the Company's considerations for defining non-recurring profit and loss according to theExplanatory Announcement No.1 on Information Disclosure for Companies Offering Securities to the Public - Non-recurring Profitand Loss and the reason of classifying the non-recurring profit and loss listed in this announcement as recurring.

□ Applicable √ Not applicable

In the reporting period, no item of non-recurring profit and loss defined and listed according to the Explanatory Announcement No. 1on Information Disclosure by Companies Offering Securities to the Public — Non-recurring Profit and Loss is defined as an item ofrecurring profit and loss.II. Total Number Of Shareholders And Shares Held By Top 10 Shareholders At The End OfThe Reporting Period

1. Total Number Of Common Shareholders And Preferred Shareholders Restored With Voting Rights AndShares Held By Top 10 Shareholders

Unit: Share

Total number of common shareholders at the end of the reporting period72,992Total number of preferred shareholders restored with the voting rights (if any)0
Shares held by top 10 shareholders
Name of shareholderNature of shareholderProportion of shareholdingShares heldQuantity of restricted shares heldInformation on pledged or frozen shares
Share statusQuantity
Shenzhen SEG Group Co., Ltd.State-owned legal person56.70%700,618,759450,857,239
LI SHERYN ZHAN MINGOverseas natural person0.73%9,063,9520
Liu GuochengDomestic natural0.59%7,250,5020
person
Hou XiulanDomestic natural person0.40%4,980,0000
Yang FanDomestic natural person0.35%4,287,0000
Liu GuohongDomestic natural person0.28%3,402,5030
Gong QianhuaOverseas natural person0.24%2,940,0000
Xu YueyingDomestic natural person0.16%1,972,0000
Hong Kong Securities Clearing Company Ltd.Overseas legal person0.13%1,571,2550
Zhou QiOverseas natural person0.11%1,356,6010
Information on top 10 shareholders of non-restricted shares
Name of shareholderQuantity of unrestricted common shares heldType of share
Type of shareQuantity
Shenzhen SEG Group Co., Ltd.249,761,520RMB common shares249,761,520
LI SHERYN ZHAN MING9,063,952Domestically listed foreign shares9,063,952
Liu Guocheng7,250,502Domestically listed foreign shares7,250,502
Hou Xiulan4,980,000RMB common shares4,980,000
Yang Fan4,287,000RMB common shares4,287,000
Liu Guohong3,402,503Domestically listed foreign shares3,402,503
Gong Qianhua2,940,000Domestically listed foreign shares2,940,000
Xu Yueying1,972,000Domestically listed foreign shares1,972,000
Hong Kong Securities Clearing Company Ltd.1,571,255RMB common shares1,571,255
Zhou Qi1,356,601RMB common shares1,356,601
Explanations on the associationShenzhen SEG Group Co., Ltd. has no association relationship with other shareholders and
relationship or concerted action among the above-mentioned shareholdersis not a person acting in concert with other shareholders as specified in the Management Methods for Disclosure of Information on Changes of Shareholding Status of Shareholders of Listed Companies. It is unclear whether other shareholders are persons acting in concert.
Information on top 10 common shareholders participating in securities margin trading (if any)

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

□ Yes √ No

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

2. Total Number Of Preferred Shareholders And Shares Held By Top 10 Preferred Shareholders

□ Applicable √ Not applicable

Chapter 3 Important MattersI. Changes In Main Financial Data And Financial Indicators Of The Reporting Period AndReasons

√ Applicable □ Not applicable

(i) Items of the Consolidated Balance Sheet Statement

Unit: RMB/Yuan
ItemClosing balanceOpening balanceDifferenceIncrease/decrease year on year (%)
Accounts receivable197,625,468.15125,360,837.7072,264,630.4557.65%
Other account receivable96,062,846.9873,166,985.9222,895,861.0631.29%
Right-of-use assets119,354,169.610.00119,354,169.61100.00%
Non-current liability due within one year1,043,936,820.85778,648,438.44265,288,382.4134.07%
Long-term loans417,500,000.00698,500,000.00-281,000,000.00-40.23%
Lease liability119,510,487.690.00119,510,487.69100.00%

1. Accounts receivable: increased by 57.65% over the beginning of the period, mainly due to the settlement of property managementbusiness.

2. Other account receivable: increased by 31.29% over the beginning of the period, mainly due to the increase in operatingtransactions.

3.Right-of-use assets: mainly due to the implementation of new lease standards.

4. Non-current liability due within one year: increased by 34.07% over the beginning of the period, mainly because the long-termloans due within one year increased.

5. Long-term loans: decreased by 40.23% over the beginning of the period, mainly because return part of the bank loans andre-classify to non-current liability due within one year.

6. Lease liability: mainly due to the implementation of new lease standards.

(ii)Items of the Consolidated Profit Statement

Unit: RMB/Yuan
ItemAmount for the current periodAmount of the same period of the previous yearDifferenceIncrease/decrease year on year (%)
Operating income463,208,485.25192,164,935.58271,043,549.67141.05%
Operating cost347,538,135.16154,514,584.91193,023,550.25124.92%
Tax and surcharges7,413,187.005,171,963.122,241,223.8843.33%
Sale expenses5,503,600.122,724,883.632,778,716.49101.98%
Credit impairment losses5,603,672.81119,525.005,484,147.814588.29%
Income tax expense20,567,879.144,817,893.8915,749,985.25326.91%

1. Operating income: increased by 141.05% year on year, mainly because SEG Property Management has new enterprise-XinDongsheng Property Management included in the statement, and rent reduction by the company in the same period of theprevious year.

2.Operating cost: increased by 124.93% year on year, mainly because SEG Property Management has new enterprise- XinDongshengProperty Management included in the statement.

3. Tax and surcharges: increased by 43.33% year on year, mainly because the property tax and VAT increased in the Period.

4. Sale expenses: increased by 101.98% year on year, mainly due to the increase in revenue from property sales and commissionsincreased correspondingly.

5. Credit impairment losses: increased by 4588.29% year on year, mainly due to the recovery of litigation payments in the Period.

6. Income tax expense: increased by 326.91% year on year, mainly because total profit increased in the Period.(iii) Items of the Consolidated Cash Flow Statement

Unit: RMB/Yuan
ItemAmount for the current periodAmount for the same period of the previous yearDifferenceIncrease/decrease year on year (%)
Net cash flow arising from operation activities-64,410,695.22-30,503,048.76-33,907,646.46-111.16%
Net cash flow arising from investment activities-17,972,160.08-6,601,609.82-11,370,550.26-172.24%
Net cash flow arising from financing activities-38,781,758.53-59,415,031.3620,633,272.8334.73%

1.Net cash flow arising from operation activities: decreased by 111.16% year on year, mainly because the property managementbusiness scale expanded, and the purchase of goods and other payments of cash increased.

2.Net cash flow arising from investment activities: decreased by 172.24% year on year, mainly because bank financial productspurchased in the Period increased.

3. Net cash flow arising from financing activities: increased by 34.73% year on year, mainly because payment of bank loansdecreased in the Period.II. Progress And Impacts Of Major Events And Analysis Of Solutions

√ Applicable □ Not applicable

Except for the important matters in the following table, there are no other important matters

Overview of major eventsDisclosure dateInquiry index for the websites disclosing the temporary reports
1. Self-inspection Report and Rectification Plan on Improving the Corporate Governance Standards to Achieve a High Quality Development4 January 2021Juchao Website: http://www.cninfo.com.cn/-”Resolution of 18th extraordinary meeting of 8th BOD”
2. 36% Equity of Shenzhen XinDongsheng Property Management Co., Ltd Purchased by Shenzhen SEG Property Management29 February 2020Juchao Website: http://www.cninfo.com.cn/-”Resolution of 5th extraordinary meeting of 8th BOD and Notice on the Acquisition of Equity by
Co., Ltd.Shenzhen SEG Property Management Co., Ltd.”
6 January 2021Juchao Website: http://www.cninfo.com.cn/-”Notice on Completion of the Shareholding Delivery of Purchasing the Equity of Shenzhen SEG Property Management Co., Ltd by Shenzhen SEG Property Management Co., Ltd (controlling sub-subsidiary) ”
3.Reduction of Shares of Shenzhen Huakong SEG Co., Ltd. Held by the Company10 September 2020Juchao Website: http://www.cninfo.com.cn/-”Resolution of 12th extraordinary meeting of 8th BOD and Notice on Reducing the Stock of Shenzhen Huakong SEG Co., Ltd. held by the Company”
26 September 2020Juchao website: http://www.cninfo.com.cn/-”Resolution of the 5th extraordinary shareholders general meeting of 2020”
27 November 2020Juchao Website: http://www.cninfo.com.cn/-”Notice on the Progress of the Implementation of the Stock Reduction of Shenzhen Huakong SEG Co., Ltd ”
13 January 2021Juchao Website: http://www.cninfo.com.cn/-”Implementation of the Share Reduction of Shenzhen Huakong SEG Co., Ltd ”
4. Selection of the Disclosure Media for 2021 and Engagement of the Securities Legal Counsel for 202126 January 2021Juchao Website: http://www.cninfo.com.cn/-”Resolution of 19th extraordinary meeting of 8th BOD”
5. Appointment of the Securities Affairs Representative26 January 2021Juchao Website: http://www.cninfo.com.cn/-”Resolution of 19th extraordinary meeting of 8th BOD”
6. SEG New Urban’s Involvement in Litigation and Progress8 October 2019Juchao Website: http://www.cninfo.com.cn/-”Notice on Progress of the controlling sub-subsidiary’s Involvement in Litigation”
17 April 2020Juchao Website: http://www.cninfo.com.cn/-”Notice on
Progress of the controlling sub-subsidiary’s Involvement in Litigation”
16 September 2020Juchao Website: http://www.cninfo.com.cn/-”Notice on Progress of the controlling sub-subsidiary’s Involvement in Litigation”
15 December 2020Juchao Website: http://www.cninfo.com.cn/-”Notice on Progress of the controlling sub-subsidiary’s Involvement in Litigation”
8 April 2021Juchao Website: http://www.cninfo.com.cn/-”Notice on Progress of the controlling sub-subsidiary’s Involvement in Litigation ”

Progress of share repurchases

□ Applicable √ Not applicable

Progress of reduction of holding-shares in the form of centralized bidding

□ Applicable √ Not applicable

III. Commitments Not Fulfilled In The Reporting Period By The Actual Controller Of TheCompany, Shareholders, Buyers, Or Other Related Parties

√ Applicable □ Not applicable

CommitmentsSubjectTypeContentCommitment dateCommitment termPerformance
Commitment for share reformNot applicable
Commitments in the Acquisition Report and the Report of Changes on EquityNot applicable
Commitments made at the time of restructuring of assetsShenzhen SEG Group Co., Ltd.Other commitment"After updating and restructuring of SEG Industrial Building, SEG Economy Building, and SEG Recreation Industry Building, the area of added part that belongs to SEG Chuangyehui, SEG Recreation and SEG Property is 2,855.20 m2. SEG Group undertakes3 August 2016Long-term effectiveExtended performance: The Company has applied for extension of the license for the said property after expiration and
that the use of the temporary buildings belonged to SEG Chuangyehui, 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 restructuring project has been taken into account in the commitments. 2. The amount of compensation for the income that is lower than the expected income during the period fromsubmitted application materials to the relevant competent authority for approval
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."
Commitment made at the time of initial public offerings or refinancingNot applicable
Commitment on equity incentivesNot applicable
Other commitments made to the medium and small shareholders of the CompanyNot applicable
Whether commitments were fulfilled on timeNo
For commitments unfulfilled in the commitmentThe newly added properties arising from updating and restructuring of the above mentioned three buildings, including SEG Industrial Building, are the temporary buildings. And in accordance with the Measures for the Implementation of Temporary Building Management in Futian District, Shenzhen (Interim), the service time for
period, specify the reasons for non-fulfillment and further planstemporary building is from 21 April 2016 to 20 April 2018, according to the Regulations of Guangdong Province on Urban and Rural Planning, the temporary building can apply for a one-year extension (deadline on 20 April 2019). in addition, the Shenzhen City and Futian District do not clearly specify the extension or extension of the time limit for the temporary buildings. After service time expired (on 20 April 2018), the Company has applied for extension, materials have been submitted for approval to relevant authorities, but no extension was granted. Up to now, the listed company did not suffer losses for the above mentioned matters, and there is no need for compensation from SEG Group.

IV. Financial Assets Investment

1. Securities Investment

√Applicable □ Not applicable

Unit: RMB/Yuan

Stock typeStock codeShort form of the securityInitial investment costAccounting measurement modeOpening book valueProfit or loss from changes in fair value in the current periodAccumulative changes in fair value counted into equityAmount of purchase in the current periodAmount of sales in the current periodProfit or loss in the reporting periodClosing book valueAccounting itemSource of capital
Domestic and overseas shares600778Youhao Group90,405.00Measurement of fair value242,125.17-16,991.240.000.000.00225,133.93Investment in other equity instrumentsSelf-owned capital
Domestic and overseas shares000068Huakong SEG165,819,274.44Measurement of equity method101,162,523.5128.520.00-3,773,167.7297,389,384.32Long-term equity investmentSelf-owned capital
Domestic and overseas shares832770SEG Smartechs8,275,321.43Measurement of cost method13,515,392.830.000.000.0013,515,392.83Investment in other equity instrumentsSelf-owned capital
Total174,185,000.87--114,920,041.510.00-16,962.720.000.00-3,773,167.72111,129,911.08----
Disclosure date of securities investment approval of the Board
Disclosure date of securities investment approval of the Shareholder Meeting (if any)

2. Derivative Investment

□Applicable √ Not applicable

No derivative investment is involved in the reporting period.V. Progress Of The Fund-Raising Investment Projects

□Applicable √ Not applicable

VI. Prediction Of Business Performance From January – June 2021Estimation on accumulative net profit from the beginning of the year to the end of next report period to be loss probably or thewarning of its material change compared with the corresponding period of the last year and explanation on reason

□Applicable √ Not applicable

VII. Major Contracts For Daily Operations

√Applicable □ Not applicable

Unit:RMB/Yuan

Contracting partyCounter party of the contractContract subjectTotal contract amountProgress of contract performanceSales revenue recognized in the period and cumulativelyCollection of receivables
SEG New UrbanShenzhen Huahui Group Co., Ltd.Part of the property of SEG New Urban Plaza1038 million YuanThe contract has not yet come into force//
SEG New UrbanShenzhen Hua Ao Grop Co., Ltd.(1/F-5/F), No.2 building of the SEG New Urban Plaza (Phase I)195 million YuanThe contract has not yet come into force//
SEG NewHuang(6/F-7/F), No.2 building of the50.4 million YuanThe contract has not yet//
UrbanXianzhenSEG New Urban Plaza (Phase I)come into force

Progress of the major contract is materially different from the contract agreement and affects the contract amount of 30% or more

□Applicable ? Not applicable

VIII. Trust Financing

√Applicable □ Not applicable

Unit: 10 thousand Yuan

Specific typeSources of fundsAmount occurredUndue balanceOverdue amount
Financing productsSelf-owned capital83,71183,7110
Total83,71183,7110

Details of the single major amount, or high-risk trust investment with low security, poor fluidity and non-guaranteed

□Applicable √ Not applicable

Entrust financial expected to be unable to recover the principal or impairment might be occurred

□Applicable √ Not applicable

IX. Guarantee Outside Against The Regulation

□Applicable √ Not applicable

The Company had no guarantee outside against the regulation in the period.X. Non-Operational Fund Occupation From Controlling Shareholders And Its Related Party

□Applicable √ Not applicable

There was no non-operational fund occupation from controlling shareholders and its related party

XI. Registration Form For Receiving Research, Communication And Interview In The ReportPeriod

√Applicable □ Not applicable

DateReception locationMethodReception typeReception objectMain content and information providedIndex for the interview and research
5 Jan. 2021The CompanyTelephoningIndividualInvestorInquire the business information/
5 Jan. 2021The CompanyTelephoningIndividualInvestorInquire the production and/
operation information of the Company
7 Jan. 2021The CompanyTelephoningIndividualInvestorInquire the production and operation information of the Company and corporate governance/
7 Jan. 2021The CompanyTelephoningIndividualInvestorInquire the business information/
18 Jan. 2021The CompanyTelephoningIndividualInvestorInquire the business condition of 2020/
19 Jan. 2021The CompanyTelephoningIndividualInvestorInquire the business information/
20 Jan. 2021The CompanyTelephoningIndividualInvestorInquire the business information/
20 Jan. 2021The CompanyTelephoningIndividualInvestorInquire the business information/
20 Jan. 2021The CompanyTelephoningIndividualInvestorInquire the business information/
29 Jan. 2021The CompanyTelephoningIndividualInvestorInquire the business information/
1 Feb. 2021The CompanyTelephoningIndividualInvestorInquire the business information/
2 Feb. 2021The CompanyTelephoningIndividualInvestorInquire the business information/
9 Feb. 2021The CompanyTelephoningIndividualInvestorInquire the business/
information
9 Mar. 2021The CompanyTelephoningIndividualInvestorInquire the production and operation information of the Company/
11 Mar. 2021The CompanyTelephoningIndividualInvestorInquire the business information/
17 Mar. 2021The CompanyTelephoningIndividualInvestorInquire the business information/
25 Mar. 2021The CompanyTelephoningIndividualInvestorInquire the business of the Company/

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