Full Text of 2013 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Shenzhen SEG Co., Ltd.
2013 Semi-Annual Report
August 15, 2013
Full Text of 2013 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Chapter 1 Important Notice, Contents, and Definitions
The Board of Directors, the Board of Supervisors, Directors, Supervisors and Senior
Executives of this Company hereby guarantee that no false or misleading statement or major
omission was made to the contents in this Report and that they will assume all the individual
and joint and several liabilities for the trueness, accuracy and completeness of this Report.
All the directors have attended the Board Meeting reviewing the Semi-Annual Report.
The Company plans not to distribute any cash dividends and bonus shares or convert
accumulated funds into share capital.
This report was prepared in both Chinese and English versions. Should there be any
difference in interpretation between the two versions, the Chinese version shall prevail.
Chairman of the Board Wang Li, the Chief Financial Officer Liu Zhijun and the
responsible person of the accounting institution (Accountant in charge) Ying Huadong
hereby declare that the Financial Reports disclosed in this Report are true, accurate and
complete.
Full Text of 2013 Semi-Annual Report of Shenzhen SEG Co., Ltd.
CONTENTS
2013 Semi-Annual Report ..................................................................................................................................... 1
Chapter 1 Important Notice, Contents, and Definitions .................................................................................... 2
Chapter 2 Company Profile .................................................................................................................................. 6
Chapter 3 Summary of Accounting Data and Financial Indexes ...................................................................... 8
Chapter 4 Report of the Board of Directors...................................................................................................... 10
Chapter 5 Important Matters ............................................................................................................................. 30
Chapter 6 Changes in Shares and Information on Shareholders .................................................................... 45
Chapter 7 Information on Directors, Supervisors and Senior Executives...................................................... 49
Chapter 8 Financial Reports............................................................................................................................... 51
Chapter 9 Catalogue of Files Available for Future Reference ....................................................................... 152
Full Text of 2013 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Definitions
Definition Refers to Description
This Company, the Company Refers to Shenzhen SEG Co., Ltd.
SEG Group Refers to Shenzhen SEG Group Co., Ltd.
Shenzhen Huakong SEG Co., Ltd. (formerly known as Shenzhen SEG Samsung Glass
Huakong SEG Refers to
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 Management 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 Operation Management Co., Ltd.
Changsha SEG Refers to Changsha SEG Development Co., Ltd.
Mellow Orange Hotel Refers to Shenzhen Chengguo Business Hotel Management Co., Ltd.
Longgang SEG Refers to Shenzhen SEG Electronics Market Management Co., Ltd.
SEG Industry Refers to Shenzhen SEG Industry Investment Co., Ltd.
SEG E-Commerce Refers to Shenzhen SEG E-Commerce Co., Ltd.
SEG Small Loan Refers to Shenzhen SEG Small Loan Co., Ltd.
SEG GPS Refers to Shenzhen SEG GPS Scientific Navigations Co., Ltd.
Wujiang SEG Refers to Wujiang SEG Electronics Market Management Co., Ltd.
Shunde SEG Refers to Foshan Shunde SEG Electronics Market Management Co., Ltd.
Wuxi SEG Refers to Wuxi SEG Electronics Market Co., Ltd.
SEG New Urban Refers to Shenzhen SEG New Urban Construction Development Co., Ltd.
Nantong SEG Refers to Nantong SEG Times Square Development Co., Ltd.
SEG Real Estate Refers to Shenzhen SEG Real Estate Investment Co., Ltd.
SEG Industry, a holding subsidiary of the Company, opened the Buy-it store on the
third floor of Shenzhen SEG Electronics Market Phase II on October 1, 2009. Its main
businesses include the wholesale and retail of computer products and accessories,
Buy-it store Refers to
mobile communication devices, digital products, the wholesale and retail of office
products and the repair services of computer products. Its business model was
transformed from proprietary trading into joint operation in March 2010.
The commercial real estate project developed and constructed by Nantong SEG,
Nantong Project Refers to
located in Nantong, Jiangsu province.
An comprehensive information platform for electronics market management
SEG Universal Refers to integrated with the functions of access control management, micro-payment, query
system and information distribution.
Friendship Group Refers to Xinjiang Youhao (Group) Co., Ltd.
State-owned Assets Supervision and Administration Commission of Shenzhen
Shenzhen SASAC Refers to
Municipality
CSRC Refers to China Securities Regulatory Commission
Shenzhen Securities Regulatory
Refers to Shenzhen Securities Regulatory Bureau of China Securities Regulatory Commission
Bureau
The Articles of Association Refers to The Articles of Association of Shenzhen SEG Co., Ltd.
Full Text of 2013 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Definition Refers to Description
Media designated by the
The Securities Times, the Securities Daily, the China Securities Journal, the Hong
Company to disclose Refers to
Kong Commercial Daily and the Cninfo Website (http://www.cninfo.com.cn )
information
Unless otherwise specified, the
amount of currency referred to Refers to Amount in RMB
in this Report
Full Text of 2013 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Chapter 2 Company Profile
I. Company Profile
Stock short-form SHEN SEG, SHEN SEG B Stock code 000058, 200058
Listed on Shenzhen Stock Exchange
Company name in Chinese 深圳赛格股份有限公司
Company name in English (if
SHENZHEN SEG CO., LTD.
any)
Legal representative Wang Li
II. Contact Information
Secretary of the Board of Directors Securities affairs representative
Name Zheng Dan Fan Chonglan
31/F, Tower A, the Stars Plaza, Huaqiang 31/F, Tower A, the Stars Plaza, Huaqiang
Contact address
Road (N), Futian District, Shenzhen Road (N), Futian District, Shenzhen
Tel. 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
Are there any changes in the Company's registered address, business address and its post code, website address
and e-mail address in this reporting period?
Applicable √ Not applicable
There are no changes in the Company's registered address, business address and its post code, website address,
and e-mail address. Please refer to the 2012 Annual Report for details.
2. Information Disclosure and Filing Site
Are there any changes in the information disclosure and filing site in this reporting period?
Applicable √ Not applicable
There are no changes in the newspaper designated by the Company to disclose information, the website
designated by CSRC to publish the Semi-Annual Report, and the filing site for the Semi-Annual Report in this
reporting period. Please refer to the 2012 Annual Report for details.
3. Changes in Registration Modification Information
Are there any changes in the registration modification information in this reporting period?
Full Text of 2013 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Applicable √ Not applicable
There are no changes in the registration date and locale, registration number of enterprise legal person business
license, tax registration number and organizing institution code in this reporting period. Please refer to the 2012
Annual Report for details.
4. Other Relevant Information
Are there any changes in other relevant information in this reporting period?
Applicable √ Not applicable
Full Text of 2013 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 or restatements made to previous financial statements due to accounting policy
changes or accounting errors?
Yes √ No
Amount of the current Amount of the same period Year-on-year
period of last year increase/decrease (%)
Operating revenue (RMB Yuan) 279,848,108.59 235,045,756.04 19.06%
Net profit attributable to shareholders of
39,674,066.28 31,621,212.01 25.47%
the listed company (RMB Yuan)
Net profit attributable to shareholders of
the listed company after deduction of 38,889,949.37 30,765,074.21 26.41%
non-recurring profit and loss (RMB Yuan)
Net cash flow arising from operating
-60,697,293.78 -50,775,759.58 -19.54%
activities (RMB Yuan)
Basic earnings per share (Yuan/Share) 0.0506 0.0403 25.56%
Diluted earnings per share (Yuan/Share) 0.0506 0.0403 25.56%
Weighted average ROE (%) 3.26% 2.71% 0.55%
Ending amount of the Year-on-year
Ending amount of last year
current period increase/decrease (%)
Total assets (RMB Yuan) 1,786,941,492.84 1,740,697,285.20 2.66%
Net assets attributable to shareholders of
1,235,232,773.78 1,195,672,946.25 3.31%
the listed company (RMB Yuan)
II. Differences in Accounting Data between Chinese and Overseas Accounting Standards
1. Differences in net profit and net assets in the financial reports simultaneously calculated based on
international and Chinese accounting standards
Unit: RMB Yuan
Net profit attributable to shareholders of the listed Net assets attributable to shareholders of the
company listed company
Amount of the current Amount of the previous Period-beginning
Period-end amount
period period amount
Based on Chinese accounting
39,674,066.28 31,621,212.01 1,235,232,773.78 1,195,672,946.25
standards
Adjusted items and amounts based on international accounting standards:
Based on international
39,674,066.28 31,621,212.01 1,235,232,773.78 1,195,672,946.25
accounting standards
Full Text of 2013 Semi-Annual Report of Shenzhen SEG Co., Ltd.
2. Differences in net profit and net assets in the financial reports simultaneously calculated based on
overseas and Chinese accounting standards
Unit: RMB Yuan
Net profit attributable to shareholders of the listed Net assets attributable to shareholders of the
company listed company
Amount of the current Amount of the previous Period-beginning
Period-end amount
period period amount
Based on Chinese accounting
39,674,066.28 31,621,212.01 1,235,232,773.78 1,195,672,946.25
standards
Adjusted items and amounts based on overseas accounting standards:
0.00 0.00 0.00 0.00
Based on overseas accounting
39,674,066.28 31,621,212.01 1,235,232,773.78 1,195,672,946.25
standard
3. Explanations of the differences in accounting data between Chinese and overseas accounting standards
Applicable √ Not applicable
III. Items of Non-Recurring Profit and Loss and Related Amounts
Unit: RMB Yuan
Item Amount Note
Profit and loss from disposal of non-current assets (including the
39,442.74 Income from disposal of fixed assets
write-off of assets depreciation reserves)
In this reporting period, the holding
subsidiaries received Shenzhen Special
Fund for Internet Service Innovation
Government subsidies recorded into current profit and loss Support Program, Shenzhen Futian
(except those closely related with corporate business and enjoyed 1,088,917.36 District Special Fund for Scientific and
by quotas according to national unified standards) Technological Development Projects of
the Industry Development Program, and
Changsha Furong District Support Fund
of the Bureau of Commerce and Trade.
Other non-operating revenue and expenses except the Liquidated damages paid by commercial
358,855.54
above-mentioned items tenants
Less: influenced amount of income tax 82,843.78
Influenced amount of minority shareholders' equity (after
620,254.95
tax)
Total 784,116.91 --
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 defining the non-recurring
profit and loss listed in this
