Full-text of 2016 Semi-annual Report of Shenzhen SEG Co., Ltd.
Stock code: 000058, 200058 Stock abbreviation: SHEN SEG、SHEN SEG B Notice No.: 2016-074
Shenzhen SEG Co., Ltd.
2016 Semi-annual Report
August 2016
Full-text of 2016 Semi-annual Report of Shenzhen SEG Co., Ltd.
Chapter 1 Important Notice, Contents, and Definitions
The Board of Directors, the Board of Supervisors, the directors, the supervisors, and the
senior executives guarantee that the semi-annual report is authentic, accurate, and
complete and that it has no false records, misleading statements or major omissions, and
they undertake joint and several legal liabilities.
All of the directors have attended this board meeting reviewing the semi-annual report.
Shenzhen SEG Co., Ltd. does not plan to distribute any cash dividends and bonus shares
or to convert accumulated funds into share capital.
Chairman of the Board Wang Li, the Person in charge of accounting Liu Zhijun and the
Responsible person of the accounting institution (accountant in charge) Ying Huadong
hereby declare that the Financial Statements enclosed in this semi-annual report are true,
accurate and complete.
Full-text of 2016 Semi-annual Report of Shenzhen SEG Co., Ltd.
CONTENTS
Chapter 1 Important Notice, Contents, and Definitions ..........................................................................2
Chapter 2 Company Profile ........................................................................................................................6
Chapter 3 Summary of Accounting Data and Financial Indexes ............................................................7
Chapter 4 Report of the Board of Directors ..............................................................................................9
Chapter 5 Important Matters ...................................................................................................................35
Chapter 6 Changes in Share Capital and Information on Shareholders .............................................90
Chapter 7 Preferred Shares ......................................................................................................................94
Chapter 8 Information on Directors, Supervisors, Senior Executives ..................................................95
Chapter 9 Financial Report ......................................................................................................................96
Chapter 10 Documents Available for Reference ...................................................................................191
Full-text of 2016 Semi-annual Report of Shenzhen SEG Co., Ltd.
Definitions
Definition refers to Description
This Company, the Company refers to Shenzhen SEG Co., Ltd.
Shenzhen SEG Group Co., Ltd. refers to Shenzhen SEG Group Co., Ltd.
Huakong SEG refers to Shenzhen Huakong SEG Co., Ltd.
SEG Baohua refers to Shenzhen SEG Baohua Enterprise Development Co., Ltd.
Xi'an SEG refers to Xi'an SEG Electronics Market Co., Ltd.
Suzhou SEG refers to Suzhou SEG Electronics Market Co., Ltd.
Xi'an Hairong SEG refers to Xi'an Hairong SEG Electronics Market Co., Ltd.
Nanjing SEG refers to Shenzhen SEG Nanjing Electronics Market Management Co., Ltd.
Shanghai SEG refers to Shanghai SEG Electronics Market Management Co., Ltd.
Nantong SEG refers to Nantong SEG Times Square Management Co., Ltd.
Changsha SEG refers to Changsha SEG Development Co., Ltd.
Mellow Orange Hotel refers to Shenzhen Mellow Orange Business Hotel Management Co., Ltd
Longgang SEG refers to Shenzhen SEG Electronics Market Management Co., Ltd.
SEG Industry refers to Shenzhen SEG Industrial Investment Co., Ltd.
SEG E-Commerce refers to Shenzhen SEG E-Commerce Co., Ltd.
SEG Credit refers to Shenzhen SEG Credit Co., Ltd.
SEG Navigations refers to Shenzhen SEG GPS Scientific Navigations Co., Ltd.
Shunde SEG refers to Foshan Shunde SEG Electronics Market Management Co., Ltd.
Wuxi SEG refers to Wuxi SEG Electronics Market Co., Ltd
Nanning SEG refers to Nanning SEG Digital Plaza Management Co., Ltd.
Yantai SEG refers to Yantai SEG Times Square Development Co., Ltd.
Suzhou SEG Digital refers to Suzhou SEG Digital Plaza Management Co., Ltd.
Xi'an Fengdong SEG refers to Xi'an Fengdong New Town SEG Times Square Properties Co., Ltd.
Nantong SEG Operation Company 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.
SEG CPARK refers to SEG International Maker Product Exhibition and Promotion Center
Shenzhen SEG Longyan New Energy Application and Development Co.,
SEG Longyan refers to
Ltd.
Exchange Center refers to China International Consumer Electronics Exhibition/Exchange Center
Wangyu Technology refers to Shanghai Wangyu Information Technology Co., Ltd.
SEG Maker refers to Shenzhen SEG Maker Co., Ltd. is a wholly-owned subsidiary of SEG
Full-text of 2016 Semi-annual Report of Shenzhen SEG Co., Ltd.
Definition refers to Description
Group.
Tencent refers to Shenzhen Tencent Computer System Co., Ltd.
Fujian Babycat Animation Company refers to Fujian Babycat Animation Technology Co., ltd.
Tmall Company refers to Zhejiang Tmall Technology Co., Ltd.
Futian Investment refers to Shenzhen Futian Investment Co., Ltd.
Shum Yip refers to Shum Yip Land Company Limited
An integrated information service platform for electronics market
SEG Universal refers to management with the functions of access control management,
micro-payment, query system and information distribution
State-owned Assets Supervision and Administration Commission of the
Shenzhen SASAC refers to
People's Government of Shenzhen Municipality
CSRC refers to China Securities Regulatory Commission
Shenzhen Securities Regulatory Bureau of China Securities Regulatory
Shenzhen Securities Regulatory Bureau refers to
Commission
Articles of Association refer to The Articles of Association of Shenzhen SEG Co., Ltd.
Unless otherwise specified, the amount referred
refers to Amount in CNY
to in the report
Full-text of 2016 Semi-annual Report of Shenzhen SEG Co., Ltd.
Chapter 2 Company Profile
I. Company profile
Stock abbreviation SHEN SEG, SHEN SEG B Stock code 000058, 200058
Changed stock abbreviation (if any) None
Listed on Shenzhen Stock Exchange
Company name in Chinese 深圳赛格股份有限公司
Company name in Chinese (if any) 深赛格
Company name in English (if any) SHENZHEN SEG CO., LTD.
Company name abbreviations in
None
English (if any)
Legal representative Wang Li
II. Contact information
Secretary of the Board of Directors Securities affairs representative
Name Zheng Dan Zhang Xin
31/F, Tower A, the Stars Plaza, Huaqiang Road 31/F, Tower A, the Stars Plaza, Huaqiang Road
Contact address
(N), Futian District, Shenzhen (N), Futian District, Shenzhen
Phone 0755-83747939 0755-83747939
Fax 0755-83975237 0755-83975237
E-mail segcl@segcl.com.cn segcl@segcl.com.cn
III. Other information
1. Contact information of the Company
Whether the registered address, office address, zip code, website, and e-mail address of the Company are changed in the report period
□ Applicable √ Not applicable
No changes of the registered address, office address, zip code, website and e-mail address of the Company in the report period, please refer
to the 2015 Annual Report for details.
2. The place where the information is disclosed and filed
Whether the information disclosure and filing site are changed in the report period
□ Applicable √ Not applicable
The newspaper specified by the Company to disclose information, the website specified by CSRC to publish the semi-annual report and the
site for filing the semi-annual report are not changed in the report period. Please refer to 2015 Annual Report for details.
3. Change of the registration information
Whether the registration information is changed in the report period
□ Applicable √ Not applicable
The registration date and locale, license registration number of enterprise legal person, tax registration number and organization code are not
changed in the report period. Please refer to 2015 Annual Report for details.
Full-text of 2016 Semi-annual Report of Shenzhen SEG Co., Ltd.
Chapter 3 Summary of Accounting Data and Financial Indexes
I. Major accounting data and financial indexes
Are retrospective adjustments made to previous financial statements due to accounting policy changes or accounting errors?
□ Yes √ No
Amount of the same period of Year-on-year
Amount of the report period
the previous year increase/decrease
Operating revenue (Yuan) 362,673,236.85 374,555,135.61 -3.17%
Net profit attributable to shareholders of the
26,856,270.42 34,906,133.61 -23.06%
listed company (Yuan)
Net profit attributable to shareholders of the
listed company after deduction of 28,696,459.47 34,698,254.31 -17.30%
non-recurring gains and losses (Yuan)
Net cash flow arising from operating activities
-99,314,028.40 -98,587,833.62 -1.08%
(Yuan)
Basic EPS (Yuan/Share) 0.0342 0.0445 -23.15%
Diluted EPS (Yuan/Share) 0.0342 0.0445 -23.15%
Weighted average ROE 1.82% 2.55% -0.73%
Amount at end of the report Amount at end of the previous Year-on-year
period year increase/decrease
Total assets (Yuan) 2,479,696,060.50 2,614,660,524.37 -5.16%
Net assets attributable to shareholders of the
1,478,243,069.23 1,475,126,229.16 0.21%
listed company (Yuan)
II. Differences of 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 report 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
overseas accounting standards and Chinese accounting standards
□ Applicable √ Not applicable
In the report period, the Company's net profits and net assets have no differences in the financial report disclosed based on both the
international and the Chinese accounting standards.
III. Items and amount of non-recurring gains and losses:
√ Applicable □ Not applicable
Unit: Yuan
Item Amount Remarks
Full-text of 2016 Semi-annual Report of Shenzhen SEG Co., Ltd.
Item Amount Remarks
Gains and losses on disposal of non-current assets (including the
-9,316.22 Disposal loss of fixed assets
write-off of assets depreciation reserves)
The main purpose is to obtain the special
awards for service industry development
Government subsidies included in current gains and losses (except from Wujiang Finance Bureau in Suzhou
those closely related with corporate business and enjoyed according to 101,608.00 city, and the support fund for SEG
national standards or certain quota) e-Commerce trading platform of Shenzhen
Economy and Trade Information
Committee.
Among which payment for compensation of
Nanning SEG lawsuit of 2.7 million Yuan
Other non-operating income and expenses except the above-mentioned
-2,432,788.76 was drawn complementarily. Others are
items
payments for liquidated damages of
merchants.
Less: Amount of affected income tax -629,774.56
Amount of influence of minority shareholders' equity (after tax) 129,466.63
Total 184,810.94 --
An explanation shall be made with regard to the Company's considerations for defining non-recurring profit and loss according to the
Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public - Non-recurring Profit
and Loss and the reason of classifying the non-recurring profit and loss listed in this announcement as recurring.
□ Applicable √ Not applicable
In the report period, it does not happen that the Company defines the non-recurring profit and loss items defined or listed by Interpretive
Bulletin No. 1 on Information Disclosure by Companies Publicly Issuing Securities - Non-recurring Gains and Losses as recurring profit and
loss items.
Full-text of 2016 Semi-annual Report of Shenzhen SEG Co., Ltd.
Chapter 4 Report of the Board of Directors
I. Overview
In the first half of 2016, under the pressure of slowdown of domestic macro-economic development and intensified
market competition, the Company actively expanded various businesses via inner innovation, external expansion and
alliance with other giants. During the report period, the Company carries out various businesses following the policy of
\"transformation, innovation and development\". In the report period, the total operating income of the Company
amounted to RMB 412,250,000, decreased by 3.05% over the same period of last year. The total profit of the Company
amounted to RMB 66,260,000, decreased by 8.22% over the same period of last year. Main reasons for decrease of gross
revenue and total profit from corresponding period of last year: (1) Substantial decrease of operating revenue from
business of SEG industrial trade. (2) Decrease of operating revenue from Shenzhen SEG, Nanjing SEG and Longgang
SEG Electronics Markets due to a drop in both of occupancy rate and rental price. (3) Revenue decrease due to business
shrinkage of SEG E-commerce which is about to be restructured. (4) The transformation & upgrade business in
electronics market is in incubation period and has not generated any income.
II. Analysis of main business
The main business of the Company includes the development and operation of the specialized electronics market and the
supporting projects, property lease service, trade and channel service, e-commerce, and value-added microcredit service,
and hotel service and so on.
(1) Operation of the electronics market (including other relevant business such as the marker platform and
Internet+ service and so on)
With the rapid development of the internet and mobile internet, the growing popularity of the terminal service, the
formation of oligopoly
