CSG HOLDING CO., LTD.
THE THIRD QUARTER REPORT 2022
Chairman of the Board:
CHEN LIN
October 2022
Stock code: 000012; 200012 Short form of the stock: CSG A; CSG B Notice No.: 2022-058Bond code: 149079 Short form of the bond:20 CSG 01
THE THIRD QUARTER REPORT 2022The Company and all members of the Board of Directors guarantee that the information disclosed is true,accurate and complete, and there are no any fictitious statements, misleading statements, or important omissionscarried in this report.Important Content Notice:
1. Board of Directors and the Supervisory Committee of CSG Holding Co., Ltd. (hereinafter referred to as theCompany) and its directors, supervisors and senior executives hereby confirm that there are no any fictitiousstatements, misleading statements, or important omissions carried in this report, and shall take allresponsibilities, individual and/or joint, for the facticity, accuracy and completeness of the whole contents.
2. Principal of the Company, responsible person in charge of accounting and principal of the financialdepartment (accounting officer) confirm that the Financial Report enclosed in the Third Quarter Report of 2022of the Company is true, accurate and complete.
3. Whether the third quarter report has been audited or not
□Yes √No
This report is prepared both in Chinese and English. Should there be any inconsistency between the Chinese andEnglish versions, the Chinese version shall prevail.I. Main financial data
(I) Main accounting data and financial indicesWhether retrospective adjustment has been carried out on financial reports of previous periods or not
□Yes √No
The report period | Increase/decrease in comparison with the same period of the previous year | From 1 January to 30 September 2022 | Increase/decrease in comparison with the same period of 2021 | |
Operating income (RMB) | 4,284,558,670 | 17.97% | 10,803,775,346 | 5.44% |
Net profit attributable to shareholders of the listed company (RMB) | 649,353,658 | 312.78% | 1,650,528,056 | 9.32% |
Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 593,590,206 | 336.67% | 1,481,185,026 | 1.05% |
Net cash flow arising from operating activities (RMB) | — | — | 1,618,610,807 | -38.58% |
Basic earnings per share (RMB/Share) | 0.21 | 320% | 0.54 | 10.20% |
Diluted earnings per share (RMB/Share) | 0.21 | 320% | 0.54 | 10.20% |
Weighted average ROE | 5.35% | 3.96% | 13.81% | -0.15% |
The end of the report period | The end of the previous year | Increase/decrease in comparison with the end of the previous year | ||
Total assets (RMB ) | 24,859,980,649 | 19,939,364,510 | 24.68% | |
Net assets attributable to shareholders of the Company (RMB ) | 12,474,542,422 | 11,429,661,046 | 9.14% |
(II)Items and amounts of non-recurring gains and losses
√Applicable □Not applicable
Unit: RMB
Item | The report period | Amount from the beginning of year to the end of the report period | Note |
Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 1,971,915 | 14,717,376 | |
Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or ration according to national standards, which are closely relevant to enterprise’s business) | 54,264,888 | 151,811,958 | |
In addition to the effective hedging business related to the normal business of the company, the profit and loss from changes in fair value arising from the holding of trading financial assets, trading financial liabilities, and the investment income from the disposal of trading financial assets, trading financial liabilities and available for sale financial assets | 9,684,087 | 26,097,782 | |
Reversal of provision for impairment of receivables that have been individually tested for impairment | 1,344,361 | 2,753,671 | |
Other non-operating income and expenditure except for the aforementioned items | -660,468 | 10,812,440 | |
Less: Impact on income tax | 10,387,973 | 33,682,892 | |
Impact on minority shareholders’ equity (post-tax) | 453,358 | 3,167,305 | |
Total | 55,763,452 | 169,343,030 | -- |
Particulars about other gains and losses that meet the definition of non-recurring gains and losses:
□ Applicable √ Not applicable
It did not exist that other profit and loss items met the definition of non-recurring gains and losses.
Explanation of the non-recurring gains and losses listed in the Explanatory Announcement No.1 on Information Disclosure forCompanies Offering their Securities to the Public - Non-recurring Gains and Losses as recurring gains and losses
□ Applicable √ Not applicable
It did not exist that non-recurring profit and loss items listed in the Explanatory Announcement No. 1 on Information Disclosure ofCompanies Offering Securities to the Public - Non-recurring Profit and Loss were defined as recurring profit and loss items in thereport period.
(III) Particulars and explanations about significant changes in main accounting data and financial indices
√Applicable □Not applicable
Unit: RMB
Item of balance sheet | Note | 30 September 2022 | 1 January 2022 | Increased/Decreased amount | Rate |
Monetary fund | (1) | 4,029,459,329 | 2,765,925,906 | 1,263,533,423 | 46% |
Trading financial assets | (2) | 600,000,000 | 999,600,000 | -399,600,000 | -40% |
Notes receivable
Notes receivable | (3) | - | 19,220,984 | -19,220,984 | -100% |
Accounts receivable | (4) | 1,104,199,191 | 730,525,687 | 373,673,504 | 51% |
Financing of receivables | (5) | 1,072,235,152 | 297,046,123 | 775,189,029 | 261% |
Advance payments | (6) | 284,096,855 | 76,097,276 | 207,999,579 | 273% |
Inventory | (7) | 1,759,315,047 | 1,093,805,525 | 665,509,522 | 61% |
Other current assets | (8) | 77,882,986 | 140,705,298 | -62,822,312 | -45% |
Development expenditure
Development expenditure | (9) | 104,800,674 | 72,019,362 | 32,781,312 | 46% |
Deferred income tax assets | (10) | 179,420,822 | 255,185,923 | -75,765,101 | -30% |
Short-term borrowings | (11) | 464,138,522 | 180,770,000 | 283,368,522 | 157% |
Notes payable | (12) | 876,637,918 | 400,662,713 | 475,975,205 | 119% |
Contract liability | (13) | 573,491,540 | 335,188,642 | 238,302,898 | 71% |
Taxes payable | (14) | 240,453,809 | 185,009,681 | 55,444,128 | 30% |
Non-current liabilities due within one year | (15) | 2,191,426,019 | 503,820,548 | 1,687,605,471 | 335% |
Other current liabilities
Other current liabilities | (16) | 70,465,883 | 40,099,309 | 30,366,574 | 76% |
Long-term borrowing | (17) | 4,303,893,521 | 1,469,059,824 | 2,834,833,697 | 193% |
Bonds payable | (18) | - | 1,996,587,330 | -1,996,587,330 | -100% |
Lease liability | (19) | - | 220,138 | -220,138 | -100% |
The special reserve | (20) | 1,921,146 | 7,296,397 | -5,375,251 | -74% |
Item of income statement | Note | From January to September 2022 | From January to September 2021 | Increased/Decreased amount | Rate |
Investment income | (21) | 26,097,782 | 8,827,787 | 17,269,995 | 196% |
Asset impairment losses | (22) | -1,456 | 698,445,226 | -698,446,682 | -100% |
Asset disposal income | (23) | 14,717,376 | -1,772,171 | 16,489,547 | - |
Other income
Other income | (24) | 153,609,840 | 58,931,951 | 94,677,889 | 161% |
Non-operating income | (25) | 15,878,218 | 10,787,406 | 5,090,812 | 47% |
Non-operating expenses | (26) | 5,065,778 | 20,501,006 | -15,435,228 | -75% |
Net amount of other comprehensive income after tax | (27) | 13,866,992 | 1,415,053 | 12,451,939 | 880% |
Note:
(1)The increase in monetary funds was mainly due to the increase in deposits and the maturity of structured deposits.
(2)The decrease in trading financial assets was mainly due to the maturity of structured deposits.
(3)The reduction of notes receivable was mainly caused by the change of collection methods of some subsidiaries and theconversion to accounts receivable due to the non-performance of drawers.
(4)The increase in accounts receivable was mainly due to the increase in accounts receivable for architectural glass andphotovoltaic glass.
(5)The increase in receivables financing was mainly due to the increase in bank acceptances received by Yichang CSGPolysilicon for the resumption of production.
(6)The increase in prepayments was mainly due to the increase in material payments made in advance by some subsidiaries.
(7)The increase in inventory was mainly due to the resumption of production of Yichang CSG Polysilicon and the increase inmaterial reserves of some subsidiaries.
(8)The decrease of other current assets was mainly due to the decrease of input tax to be deducted by some subsidiaries.
(9)The increase in development expenditure was mainly due to the increase in R&D investment by some subsidiaries.
(10)The decrease in deferred income tax assets was mainly due to loss covering of some subsidiaries.
(11)The increase in short-term borrowings was mainly due to the increase in borrowings of some companies.
(12)The increase in notes payable was mainly due to the increase in new notes issued by some subsidiaries.
(13)The increase in contractual liabilities was mainly due to the increase in advance receipts of some subsidiaries.
(14)The increase in taxes payable was mainly due to the increase in taxes of some subsidiaries.
(15)The increase in non-current liabilities due within one year was mainly due to the reclassification of bonds payable to non-current liabilities due within one year.
(16)The increase in other current liabilities was mainly due to the increase in advance receipts of some subsidiaries.
(17)The increase in long-term borrowings was mainly due to the increase in borrowings for project.
(18)The decrease in bonds payable was mainly due to the reclassification of bonds payable to non-current liabilities due withinone year.
(19)The decrease in lease liabilities was mainly due to the reclassification of lease liabilities to non-current liabilities duewithin one year.
(20)The decrease of special reserve was mainly caused by the use of special reserve by subsidiaries.
(21)The increase in investment income was mainly due to the increase in structured deposit income.
(22)The decrease in asset impairment loss was mainly due to the provision for long-term asset impairment in the same periodof the previous year.
(23)The increase in asset disposal income was mainly due to the increase in profit and loss on disposal of assets of somesubsidiaries.
(24)The increase in other earnings was mainly due to the increase in the amortization of deferred earnings of some subsidiaries.
(25)The increase in non-operating income was mainly due to the increase in claims income and unpayable amounts.
(26)The decrease in non-operating expenses was mainly due to the return of government subsidies in the same period of theprevious year.
(27)The increase in net after tax of other comprehensive income was mainly due to changes in the translation balance offoreign currency statements.
II. Shareholder information
(I) Particulars about the total number of common shareholders and preference shareholders with votingrights recovered as well as the shareholdings of the top ten shareholders
Unit: Share
Total number of common shareholders at the end of the report period | 173,339 | Total number of preference shareholders with voting rights recovered at end of report period (if applicable) | 0 | ||||
Particulars about the shareholdings of the top ten shareholders | |||||||
Name of shareholder | Nature of shareholder | Proportion of shares held (%) | Amount of shares held | Amount of restricted shares held | Number of share pledged, marked or frozen | ||
Share status | Amount | ||||||
Foresea Life Insurance Co., Ltd. – HailiNiannian | Domestic non state-owned legal person | 15.19% | 466,386,874 | 0 | |||
Foresea Life Insurance Co., Ltd. – Universal Insurance Products | Domestic non state-owned legal person | 3.86% | 118,425,007 | 0 | |||
Foresea Life Insurance Co., Ltd. – Own Fund | Domestic non state-owned legal person | 2.11% | 64,765,161 | 0 | |||
China Galaxy International Securities (Hong Kong) Co., Limited | Foreign legal person | 1.34% | 41,219,778 | 0 | |||
China Life Insurance Co., Ltd.-Traditional-General Insurance Products-005L-CT001 Shen | Domestic non state-owned legal person | 1.30% | 39,976,344 | 0 | |||
China Merchants Securities (HK) Co., Limited | Foreign legal person | 1.27% | 38,858,391 | 0 | |||
Zhongshan Runtian Investment Co., Ltd. | Domestic non state-owned legal person | 1.01% | 31,004,547 | 0 | Pledged | 31,001,100 | |
Marked | 31,001,100 | ||||||
Frozen | 3,447 | ||||||
Shanghai Yunzhou Private Equity Fund Management Co., LTD. - Yunzhou Growth Select No.1 private equity Investment Fund | Domestic non state-owned legal person | 0.65% | 19,834,122 | 0 | |||
VANGUARD EMERGING MARKETS STOCK INDEX FUND | Foreign legal person | 0.63% | 19,365,573 | 0 | |||
Hong Kong Central Clearing Limited | Foreign legal person | 0.62% | 19,059,476 | 0 |
Particular about top ten shareholders with un-restricted shares held | |||
Name of shareholder | Amount of unrestricted shares held | Type of shares | |
Type | Amount | ||
Foresea Life Insurance Co., Ltd. – HailiNiannian | 466,386,874 | RMB ordinary shares | 466,386,874 |
Foresea Life Insurance Co., Ltd. – Universal Insurance Products | 118,425,007 | RMB ordinary shares | 118,425,007 |
Foresea Life Insurance Co., Ltd. – Own Fund | 64,765,161 | RMB ordinary shares | 64,765,161 |
China Galaxy International Securities (Hong Kong) Co., Limited | 41,219,778 | Domestically listed foreign shares | 41,219,778 |
China Life Insurance Co., Ltd.-Traditional-General Insurance Products-005L-CT001 Shen | 39,976,344 | RMB ordinary shares | 39,976,344 |
China Merchants Securities (HK) Co., Limited | 38,858,391 | Domestically listed foreign shares | 38,858,391 |
Zhongshan Runtian Investment Co., Ltd. | 31,004,547 | RMB ordinary shares | 31,004,547 |
Shanghai Yunzhou Private Equity Fund Management Co., LTD. - Yunzhou Growth Select No.1 private equity Investment Fund | 19,834,122 | RMB ordinary shares | 19,834,122 |
VANGUARD EMERGING MARKETS STOCK INDEX FUND | 19,365,573 | Domestically listed foreign shares | 19,365,573 |
Hong Kong Central Clearing Limited | 19,059,476 | RMB ordinary shares | 19,059,476 |
Statement on associated relationship or consistent action among the above shareholders: | As of the end of the report period, among shareholders as listed above, Foresea Life Insurance Co., Ltd.-HailiNiannian, Foresea Life Insurance Co., Ltd.-Universal Insurance Products, Foresea Life Insurance Co., Ltd.-Own Fund are all held by Foresea Life Insurance Co., Ltd. Shenzhen Jushenghua Co., Ltd., which holds 51% equity of Foresea Life Insurance Co., Ltd., holds 100% equity of Zhongshan Runtian Investment Co.,Ltd and Chengtai Group Co. Ltd., through Shenzhen Hualitong Investment Co., Ltd. Chengtai Group Co., Ltd. holds 40,187,904 shares through China Galaxy International Securities (Hong Kong) Co., Limited. | ||
Description of the top 10 shareholders participating in margin trading (if applicable) | N/A |
Special note: On July 11, 2022, at the Company's Second Extraordinary General Meeting in 2022, Foresea Life Insurance Co., Ltd.voted in favor of all proposals, and Zhongshan Runtian Investment Co., Ltd. voted against all proposals , Chengtai Group Co., Ltd.voted against all the proposals with the shares held by China Galaxy International Securities (Hong Kong) Co., Limited; on August3, 2022, at the Company's Third Extraordinary General Meeting in 2022, Foresea Life Insurance Co., Ltd. voted in favor of allproposals, and Zhongshan Runtian Investment Co., Ltd. voted against all proposals.(II) Total number of preference shareholders and particulars about the shareholdings of the top tenpreference shareholders
□Applicable √Not applicable
III. Other important matters
√Applicable □ Not applicable
1. Ultra-short-term financing bills
On June 15, 2020, the Third Extraordinary Shareholders’ General Meeting 2020 of CSG deliberated and approved the proposal onapplication for registration and issuance of ultra-short-term financing bills and medium-term notes, which agreed that theCompany should register and issue ultra-short-term financing bills with a registered amount not exceeding RMB 1.5 billion (thelimit is not subject to the limit of 40% of net assets).With the period of validity of the quota not longer than two years, such ultra-short-term financing bills will be issued by installments in accordance with the actual capital needs of the Company and thesituation of inter-bank market funds. On September 4, 2020, the NAFMII held its 102nd registration meeting in 2020 and decidedto accept the registration of ultra-short-term financing bills with a total of RMB 1.5 billion and a validity period of two years. OnMay 16, 2022, the Company's 2021 annual general meeting reviewed and approved the "Proposal on Application for Registrationand Issuance of Medium-Term Notes and Ultra-short-term Financing Bills", which agreed that the Company would register andissue ultra-short-term financing bills with a registered amount of not more than RMB 1 billion, The Company can issue one ormore times within the validity period of the registration according to the actual capital needs and the capital situation of the inter-bank market.
2. Medium-term notes
On June 15, 2020, the Third Extraordinary Shareholders’ General Meeting 2020 of CSG deliberated and approved the proposal onapplication for registration and issuance of ultra-short-term financing bills and medium-term notes, which agreed that theCompany should register and issue medium-term notes with a registered amount not exceeding RMB 1.5 billion. With the periodof validity of the quota not longer than two years, such ultra-short-term financing bills will be issued by installments in accordancewith the actual capital needs of the Company and the situation of inter-bank market funds. On September 4, 2020, the NAFMIIheld the 102nd registration meeting in 2020 and decided to accept the company's registration of medium-term notes with a total ofRMB 1.5 billion and a validity period of two years. On May 16, 2022, the Company's 2021 annual general meeting reviewed andapproved the "Proposal on Application for Registration and Issuance of Medium-term Notes and Ultra-short-term Financing Bills",which agreed that the Company would register and issue medium-term notes with a registered amount of not more than RMB 2billion. Actual capital needs and inter-bank market capital status, can be issued one or more times within the validity period ofregistration.3 .Public issuance of corporate bondsOn March 2, 2017, the 2nd Extraordinary General Meeting of Shareholders in 2017 reviewed and approved “the Proposal on thePublic Issuance of Corporate Bonds for Qualified Investors". On February 27, 2019, the First Extraordinary General Meeting ofShareholders in 2019 The “Proposal on Extending the Validity Period of the Shareholders' Meeting for the Public Offering ofCorporate Bonds to Qualified Investors” agreed to issue corporate bonds with a total issue of no more than RMB 2 billion and aterm of no more than 10 years. On June 26, 2019, the Company received the “Approval of Approving CSG Holding Co., Ltd. toIssue Corporate Bonds to Qualified Investors” issued by China Securities Regulatory Commission (ZJXK [2019] No. 1140). OnMarch 24, 2020 and March 25, 2020, the Company issued the first batch of corporate bonds with total amount of RMB 2 billionand valid term of 3 years at the issuance rate of 6%, which will be redeemed on March 25, 2023 (for details, please refer to"Section IX Bonds").
4. Public issuance of A-share convertible corporate bonds
On July 11, 2022, the Company's 2nd Extraordinary General Meeting of Shareholders in 2022 reviewed and approved relevantproposals on the Company's public issuance of A-share convertible corporate bonds, and agreed to issue A-share convertiblecorporate bonds. The total amount of funds raised would not exceed RMB 2,800,000,000 (including RMB 2,800,000,000), with aterm of 6 years from the date of issuance.
5. Guarantee
The Company's 2021 Annual General Meeting of Shareholders reviewed and approved the "Proposal on the 2022 AnnualGuarantee Plan", and the General Meeting of Shareholders agreed to provide guarantee for the 2022 annual credit line of financialinstitutions of subsidiaries at all levels (hereinafter referred to as "subsidiaries") within the scope of the consolidated statementswith a total amount not exceeding the equivalent value of RMB 16.268 billion (including the effective and unexpired limit).Among them, the total amount of guarantee shall not exceed the equivalent of RMB 15.018 billion (including the effective andunexpired amount) for each subsidiary with an asset liability ratio of less than 70%, and the total amount of guarantee shall notexceed the equivalent of RMB 1.25 billion (including the effective and unexpired amount) for each subsidiary with an assetliability ratio of more than 70%. All external guarantees of the Company are guarantees for subsidiaries within the scope ofconsolidated statements. As of September 30, 2022, the actual guarantee balance was RMB 3,889.6 million (of which the actualguarantee balance with an asset liability ratio of more than 70% (inclusive) was RMB 284.18 million), accounting for 34.03% ofthe parent company's net assets of RMB 11,429.66 million at the end of 2021 and 19.51% of the total assets of RMB 19,939.36million; Accounting for 31.18% of the net assets of RMB 12,474.54 million attributable to the parent company at the end of thereport period and 15.65% of the total assets of RMB 24,859.98 million. The Company has no overdue guarantee.The Company's 2021 Annual General Meeting of Shareholders reviewed and approved the "Proposal on the Development of AssetPool Business in 2022". In order to meet the overall management of the Company's assets such as bills and letters of credit and tomeet the needs of financial institutions' product upgrades, the General Meeting of Shareholders approved the Company and itssubsidiaries. The Company conducts asset pool business of no more than RMB 800 million. Under the premise of controllablerisks, various guarantee methods such as maximum pledge, general pledge, deposit certificate pledge, bill pledge, and marginpledge can be adopted for business development. As of September 30, 2022, the actual pledge amount of the asset pool business isRMB 45.6124 million, and the financing balance is RMB 42.3285 million.
6.Passive reduction of Southern Glass A shares held by Zhongshan Runtian Investment Co., Ltd.On July 12, 2022, the Company received the "Notice Letter" from Chongqing Xinyu Financial Leasing Co., Ltd. (hereinafterreferred to as "Chongqing Xinyu"). According to the "Notification Letter", the Shenzhen Intermediate Court ruled to sell 67.65million "Southern Glass A" shares (stock code: 000012) held by Zhongshan Runtian Investment Co., Ltd. (hereinafter referred toas "Zhongshan Runtian"). On July 27, July 28 and July 29, 2022, Chongqing Xinyu forcibly sold a total of 55.6289 millionSouthern Glass A shares held by Zhongshan Runtian through block transactions, accounting for 1.81% of the Company's totalshare capital. After the passive reduction of the aforementioned shares, the number of shares held by Zhongshan Runtiandecreased from 86,633,447 shares to 31,004,547 shares, and the shareholding ratio decreased from 2.82% to 1.01%.
7. The matter of the special fund of RMB 171 million for talent introduction
Regarding the special fund of RMB 171 million for talent introduction, the Company filed an infringement compensation lawsuitagainst Zeng Nan and others and Yichang Hongtai Real Estate Co., Ltd. on December 15, 2021, and Shenzhen IntermediatePeople's Court officially accepted it on January 28, 2022. The first trial of the case was completed in Shenzhen IntermediatePeople's Court on June 21, 2022, and is currently awaiting judgment.IV. Quarterly financial statement(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Item | 30 September 2022 | 1 January 2022 |
Current asset: | ||
Monetary capital | 4,029,459,329 | 2,765,925,906 |
Trading financial assets | 600,000,000 | 999,600,000 |
Notes receivable | 19,220,984 | |
Accounts receivable | 1,104,199,191 | 730,525,687 |
Receivables financing | 1,072,235,152 | 297,046,123 |
Prepayments | 284,096,855 | 76,097,276 |
Other receivables | 198,885,967 | 183,696,711 |
Inventory | 1,759,315,047 | 1,093,805,525 |
Other current assets | 77,882,986 | 140,705,298 |
Total current assets | 9,126,074,527 | 6,306,623,510 |
Non-current assets: | ||
Investment real estate | 383,084,500 | 383,084,500 |
Fixed assets | 10,166,256,352 | 8,566,515,026 |
Construction in progress | 2,719,330,329 | 2,461,088,650 |
Right-of-use assets | 8,595,080 | 9,911,935 |
Intangible assets | 1,312,759,485 | 1,167,611,402 |
Development expenditure | 104,800,674 | 72,019,362 |
Goodwill | 130,147,859 | 130,147,859 |
Long-term prepaid expenses | 3,680,235 | 3,013,721 |
Deferred tax assets | 179,420,822 | 255,185,923 |
Other non-current assets | 725,830,786 | 584,162,622 |
Total non-current assets | 15,733,906,122 | 13,632,741,000 |
Total assets | 24,859,980,649 | 19,939,364,510 |
Current liabilities: | ||
Short-term loan | 464,138,522 | 180,770,000 |
Notes payable | 876,637,918 | 400,662,713 |
Accounts payable | 1,801,678,947 | 1,428,851,312 |
Contractual liabilities | 573,491,540 | 335,188,642 |
Payroll payable | 364,952,369 | 426,212,979 |
Taxes payable | 240,453,809 | 185,009,681 |
Other payables | 283,898,108 | 289,440,477 |
Including: interest payable | 72,063,160 | 95,001,362 |
Non-current liabilities due within one year | 2,191,426,019 | 503,820,548 |
Other current liabilities | 70,465,883 | 40,099,309 |
Total current liabilities | 6,867,143,115 | 3,790,055,661 |
Non-current liabilities: | ||
Long term borrowing | 4,303,893,521 | 1,469,059,824 |
Bonds payable | 1,996,587,330 | |
Lease liability | 220,138 | |
Long- term payables | 127,606,268 | 168,258,062 |
Deferred income | 473,621,913 | 564,129,128 |
Deferred income tax liabilities | 90,065,669 | 84,580,132 |
Total non-current liabilities | 4,995,187,371 | 4,282,834,614 |
Total Liabilities | 11,862,330,486 | 8,072,890,275 |
Owners' equity: | ||
Share capital | 3,070,692,107 | 3,070,692,107 |
Capital reserve | 596,997,085 | 596,997,085 |
Other comprehensive income | 173,067,522 | 159,200,530 |
Special reserves | 1,921,146 | 7,296,397 |
Surplus reserve | 1,144,887,510 | 1,144,887,510 |
Undistributed profit | 7,486,977,052 | 6,450,587,417 |
Total owner's equity attributable to the parent company | 12,474,542,422 | 11,429,661,046 |
Minority shareholders' equity | 523,107,741 | 436,813,189 |
Total owner's equity | 12,997,650,163 | 11,866,474,235 |
Total Liabilities and Owner's Equity | 24,859,980,649 | 19,939,364,510 |
Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin
2. Consolidated income statement from the beginning of the year to the end of the report period
Unit: RMB
Item | Balance of this period | Balance of last period |
I. Total operating income | 10,803,775,346 | 10,246,839,119 |
Including: operating income | 10,803,775,346 | 10,246,839,119 |
II. Total operating costs | 9,061,719,117 | 7,722,584,968 |
Including: Operating costs | 7,693,520,877 | 6,400,847,816 |
Taxes and surcharges | 101,698,686 | 111,599,883 |
sales expense | 218,466,493 | 190,489,551 |
Management costs | 508,685,496 | 529,685,405 |
R&D expenses | 433,359,500 | 370,688,508 |
Financial expenses | 105,988,065 | 119,273,805 |
Including: interest expense | 149,099,132 | 143,830,594 |
Interest income | 48,209,444 | 29,711,739 |
Plus: other income | 153,609,840 | 58,931,951 |
Investment income (“-” for loss) | 26,097,782 | 8,827,787 |
Credit impairment loss (“-” for loss) | -5,479,274 | -7,717,483 |
Asset impairment loss (“-” for loss) | 1,456 | -698,445,226 |
Asset disposal income (“-” for loss) | 14,717,376 | -1,772,171 |
III. Operating profit (“-” for loss) | 1,931,003,409 | 1,884,079,009 |
Plus: non-operating income | 15,878,218 | 10,787,406 |
Less: non-operating expenses | 5,065,778 | 20,501,006 |
IV. Gross profit (“-” for loss) | 1,941,815,849 | 1,874,365,409 |
Less: Income tax expenses | 282,993,241 | 337,033,095 |
V. Net profit (“-” for net loss) | 1,658,822,608 | 1,537,332,314 |
(I) Classification by business continuity | ||
1. Net profit from continuing operations (“-” for net loss) | 1,658,822,608 | 1,537,332,314 |
2. Net profit from discontinued operations (“-” for net loss) | ||
(II) )Classification by ownership | ||
1. Net profit attributable to the owners of parent company(“-” for net loss) | 1,650,528,056 | 1,509,830,801 |
2. Minor shareholders’ equity(“-” for net loss) | 8,294,552 | 27,501,513 |
VI. Net amount of other gains after tax | 13,866,992 | 1,415,053 |
Net amount of other gains after tax attributable to owners of parent company | 13,866,992 | 1,415,053 |
(II)Other comprehensive income that will be reclassified into profit or loss | 13,866,992 | 1,415,053 |
6. Foreign currency financial statement translation difference | 13,866,992 | 1,415,053 |
Net after tax of other comprehensive income attributable to minority shareholders | ||
VII. Total of misc. incomes | 1,672,689,600 | 1,538,747,367 |
(I)Total of misc. incomes attributable to the owners of the parent company | 1,664,395,048 | 1,511,245,854 |
(II) Total misc gains attributable to the minor shareholders | 8,294,552 | 27,501,513 |
VIII. Earnings per share: | ||
(I) Basic earnings per share | 0.54 | 0.49 |
(II) Diluted earnings per share | 0.54 | 0.49 |
Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin
3. Consolidated cash flow statement from the beginning of the year to the end of the report period
Unit: RMB
Item | Balance of this period | Balance of last period |
I. Net cash flow from business operation | ||
Cash received from sales of products and providing of services | 11,127,539,633 | 11,135,251,168 |
Tax returned | 288,749,170 | 44,144,512 |
Other cash received from business operation | 138,811,038 | 221,571,516 |
Sub-total of cash inflow from business activities | 11,555,099,841 | 11,400,967,196 |
Cash paid for purchasing of merchandise and services | 7,571,106,945 | 6,134,735,322 |
Cash paid to staffs or paid for staffs | 1,358,371,110 | 1,268,412,819 |
Taxes paid | 675,024,573 | 971,119,640 |
Other cash paid for business activities | 331,986,406 | 391,208,862 |
Sub-total of cash outflow from business activities | 9,936,489,034 | 8,765,476,643 |
Net cash flow generated by business operation | 1,618,610,807 | 2,635,490,553 |
II. Cash flow generated by investing |
Cash received from investment recovery | 3,097,760,000 | 2,524,000,000 |
Cash received from investment income | 24,877,210 | 8,279,098 |
Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 22,396,477 | 2,854,205 |
Other investment-related cash received | 51,141,888 | |
Sub-total of cash inflow due to investment activities | 3,145,033,687 | 2,586,275,191 |
Cash paid for construction of fixed assets, intangible assets and other long-term assets | 2,804,447,839 | 1,273,366,856 |
Cash paid for investment | 2,698,160,000 | 3,624,000,000 |
Other cash paid for investment activities | 10,076,360 | 57,353,540 |
Sub-total of cash outflow due to investment activities | 5,512,684,199 | 4,954,720,396 |
Net cash flow generated by investment | -2,367,650,512 | -2,368,445,205 |
III. Cash flow generated by financing | ||
Absorb cash received from investment | 78,000,000 | 2,000,000 |
Including: cash received by the subsidiary from absorbing minority shareholders' investment | 78,000,000 | 2,000,000 |
Cash received as loans | 3,524,137,657 | 1,002,602,692 |
Other financing-related cash received | 8,927,153 | 206,137,185 |
Subtotal of cash inflow from financing activities | 3,611,064,810 | 1,210,739,877 |
Cash to repay debts | 718,073,523 | 1,204,775,831 |
Cash paid as dividend, profit, or interests | 832,800,949 | 524,060,118 |
Among them: dividends and profits paid by subsidiaries to minority shareholders | ||
Other cash paid for financing activities | 54,284,085 | 2,262,281 |
Subtotal of cash outflow due to financing activities | 1,605,158,557 | 1,731,098,230 |
Net cash flow generated by financing | 2,005,906,253 | -520,358,353 |
IV. Influence of exchange rate alternation on cash and cash equivalents | 9,486,463 | -1,073,454 |
V. Net increase of cash and cash equivalents | 1,266,353,011 | -254,386,459 |
Plus: Balance of cash and cash equivalents at the beginning of term | 2,756,477,572 | 2,124,028,196 |
VI. Balance of cash and cash equivalents at the end of term | 4,022,830,583 | 1,869,641,737 |
(II) Report of the Auditors
Whether the Third Quarter Report has been audited or not
□ Yes √ No
The Third Quarter Report hasn’t been audited.
Board of Directors ofCSG Holding Co., Ltd.25 October 2022