Full Text of 2014 Q3 Report of Shenzhen SEG Co., Ltd.
Shenzhen SEG Co., Ltd.
2014 Q3 Report
2014-065
October 2014
Full Text of 2014 Q3 Report of Shenzhen SEG Co., Ltd.
Section 1 Important Notice
The Board of Directors and Board of Supervisors of the Company, its directors, supervisors and senior executives
hereby guarantee that no false or misleading statement or material omission was made to the materials in this
report and that they will assume all the responsibilities, individually and jointly, for the trueness, accuracy and
completeness of the report.
All the directors have attended the board meeting reviewing this quarterly report.
Wang Li, the person in charge of the Company, Liu Zhijun, the person in charge of the accounting work, and Ying
Huadong, the responsible person of the accounting institution (Accountant in Charge) hereby declare that the
Financial Statements enclosed in this Third Quarterly Report are true, accurate and complete.
Full Text of 2014 Q3 Report of Shenzhen SEG Co., Ltd.
Section 2 Changes in Major Financial Data and Shareholders
I. Major Accounting Data and Financial Indexes
Are retrospective adjustments or restatement made to previous financial statements of the Company due to accounting policy changes
or accounting errors?
□ Yes √ No
Amount at the end of Amount at the end of previous Increase/Decrease from the end of
reporting period year the previous year
Total assets (Yuan) 2,462,722,786.33 2,134,940,597.85 15.35%
Net assets attributable to
shareholders of the listed 1,297,091,755.16 1,250,224,375.08 3.75%
company (Yuan)
Year-on-year
Year-on-year
Amount from the year increase/decrease from
Amount of the reporting increase/decrease
beginning to the end the year beginning to
period during the reporting
of the reporting period the end of the reporting
period
period
Operating revenue (Yuan) 191,370,878.36 9.73% 507,512,259.37 11.72%
Net profit attributable to
shareholders of the listed 8,944,292.82 -45.90% 46,590,135.10 -17.11%
company (Yuan)
Net profit attributable to
shareholders of the listed
company after deduction of 8,442,688.01 -48.37% 45,181,624.71 -18.21%
non-recurring profit and loss
(Yuan)
Net cash flow arising from
-- -- -256,993,076.26 -220.01%
operating activities (Yuan)
Basic EPS (Yuan/share) 0.0114 -45.71% 0.0594 17.04%
Diluted EPS (Yuan/share) 0.0114 -45.71% 0.0594 17.04%
Weighted average ROE 0.7% -0.63% 3.66% -0.93%
Full Text of 2014 Q3 Report of Shenzhen SEG Co., Ltd.
Items of non-recurring profit and loss and related amounts:
√ Applicable □ Not applicable
Unit: Yuan
Amount from the beginning
Item of the year to the end of the Remarks
reporting period
Gains and losses from disposal of non-current assets (including Gains from disposal of fixed
16,372.18
the offset accrued asset impairment provisions) assets
The development fund for the
service industry from the Bureau
of Finance of Nantong, and the
Government subsidies recorded into current gains and losses special fund for setting up online
(except those closely related with corporate business and enjoyed 1,045,575.46 SEG electronics market and SEG
according to national standards or certain quota) E-Commerce platform from the
Economy, Trade and Information
Commission of Shenzhen
Municipality
Transferred-back provisions for impairment of accounts
11,420.00
receivable, for which separate impairment tests are carried out
Other non-operating income and expenses except the Liquidated damages collected
816,623.40
above-mentioned items from defaulting tenants
Less: amount affected by the income tax 106,157.38
Amount affected by the minority shareholders’ equity (after
375,323.27
tax)
Total 1,408,510.39 --
An explanation shall be made with regard to the Company's considerations for defining non-recurring profit and loss items 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 for classifying the non-recurring profit and loss items listed in this announcement as
the recurring ones.
□ Applicable √ Not applicable
In the reporting period, the Company is not involved with any circumstances of defining 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 the recurring profit and loss items.
Full Text of 2014 Q3 Report of Shenzhen SEG Co., Ltd.
II. Total Number of Shareholders and Shareholding Information of the Top Ten Shareholders
at the End of the Reporting Period
1. Total number of ordinary shareholders and shareholding information of the top ten ordinary
shareholders at the end of the reporting period
Unit: share
Total number of ordinary shareholders
64,444
at the end of the reporting period
Shareholding information of the top 10 ordinary shareholders
Quantity of Information on pledged or
Name of the Shareholding Quantity of
Nature of the shareholder restricted frozen shares
shareholder percentage shares held
shares held Share status Quantity
Shenzhen SEG
State-owned legal person 30.24% 237,359,666 0 Frozen 83,679,833
Group Co., Ltd.
Zeng Ying Domestic natural person 1.02% 8,040,826
Liu Guocheng Domestic natural person 0.70% 5,492,895
Gong Qianhua Overseas natural person 0.68% 5,311,520
Phillip Securities
(Hong Kong) Overseas legal person 0.32% 2,550,023
Limited
UBS AG LONDON
Overseas legal person 0.30% 2,339,805
BRANCH
Zhongrong
International Trust
Others 0.26% 2,008,888
Co., Ltd. --- Ruihua
No.3
NORGES BANK Overseas legal person 0.24% 1,890,226
Liu Guohong Domestic natural person 0.23% 1,790,841
Ju Yongmei Domestic natural person 0.22% 1,723,555
Shareholding information of the top ten shareholders of non-restricted shares
Quantity of unrestricted ordinary shares Share type
Name of the shareholder
held Share type Quantity
Shenzhen SEG Group Co., Ltd. 237,359,666 RMB ordinary shares 237,359,666
Zeng Ying 8,040,826 Domestically listed foreign shares 8,040,826
Full Text of 2014 Q3 Report of Shenzhen SEG Co., Ltd.
Liu Guocheng 5,492,895 Domestically listed foreign shares 5,492,895
Gong Qianhua 5,311,520 Domestically listed foreign shares 5,311,520
Phillip Securities (Hong Kong)
2,550,023 Domestically listed foreign shares 2,550,023
Limited
UBS AG LONDON BRANCH 2,339,805 Domestically listed foreign shares 2,339,805
Zhongrong International Trust Co.,
2,008,888 RMB common stock 2,008,888
Ltd. --- Ruihua No.3
NORGES BANK 1,890,226 Domestically listed foreign shares 1,890,226
Liu Guohong 1,790,841 Domestically listed foreign shares 1,790,841
Ju Yongmei 1,723,555 RMB ordinary shares 1,723,555
Shenzhen SEG Group Co., Ltd. (hereinafter referred to as \"SEG Group\") has no associated
Notes to the associated relationship or relationship with other shareholders, nor is it a concerted action unit as described in the
concerted action among the Management Methods for Disclosure of Information on Changes of Shareholding Status of
above-mentioned shareholders Shareholders of Listed Companies. It is unknown whether other shareholders have an
associated relationship or are concerted action units or not.
Notes to information on the top ten
unrestricted ordinary shareholders
None
who participate in financing or
securities margin trading (if any)
Did the top ten ordinary shareholders or the top ten non-restricted ordinary shareholders of the Company conduct any agreed
repurchase securities trading within the reporting period?
□ Yes √ No
The top ten ordinary shareholders or the top ten non-restricted ordinary shareholders of the Company did not conduct any agreed
repurchase securities trading within the reporting period.
2. Total number of preferred shareholders and shareholding information of the top ten preferred
shareholders at the end of the reporting period
□ Applicable √ Not applicable
Full Text of 2014 Q3 Report of Shenzhen SEG Co., Ltd.
Section 3 Important Matters
I. Particulars of and Explanations on Changes in Main Accounting Items and Financial
Indexes during the Reporting Period
√ Applicable □ Not applicable
(I) Balance Sheet Items
Item Ending balance Beginning balance Difference Year-on-year
increase/decrease (%)
Monetary funds 227,823,881.75 336,593,493.81 -108,769,612.06 -32.31%
Notes receivable 5,020,000.00 - 5,020,000.00 100.00%
Accounts receivable 97,927,333.81 204,086,309.32 -106,158,975.51 -52.02%
Other receivables 47,356,365.06 25,033,354.72 22,323,010.34 89.17%
Inventory 213,487,129.58 98,000,921.50 115,486,208.08 117.84%
Other current assets 771,431,635.74 419,925,176.02 351,506,459.72 83.71%
Loans and advances issued 331,508,101.95 243,871,438.72 87,636,663.23 35.94%
Construction in progress 152,277.60 - 152,277.60 100.00%
Short-term loans 189,992,863.65 70,000,000.00 119,992,863.65 171.42%
Notes payable 23,868,146.65 - 23,868,146.65 100.00%
Accounts payable 53,773,914.88 181,751,142.48 -127,977,227.60 -70.41%
Accounts received in advance 136,723,779.66 208,684,489.90 -71,960,710.24 -34.48%
Payroll payable 6,758,349.96 17,065,382.28 -10,307,032.32 -60.40%
Interest payable 839,269.98 - 839,269.98 100.00%
Dividends payable 1,777,170.54 1,317,296.42 459,874.12 34.91%
Other current liabilities 256,081,250.66 - 256,081,250.66 100.00%
Long-term loans 72,000,000.00 - 72,000,000.00 100.00%
Other non-current liabilities 220,948.15 762,246.19 -541,298.04 -71.01%
Retained profits 3,309,640.46 -42,080,494.64 45,390,135.10
1. Monetary funds decreased by 108.77 million Yuan compared with the period-beginning amount, with a
decrease of 32.31%. The main reasons are as follows:
Full Text of 2014 Q3 Report of Shenzhen SEG Co., Ltd.
① The Company and its owned subsidiaries poured the idle funds into bank financial products within the
reporting period.
② Part of capitals was invested into Nantong SEG Times Square Project.
2. Notes receivable increased by 5.02 million Yuan, with an increase of 100.00% compared to the
period-beginning amount. The main reason for the increase is that Shenzhen SEG Industrial Investment Co., Ltd.
(hereinafter referred to as \"SEG Industrial\"), an owned subsidiary of the Company, received payment from its
customers through bank acceptances within the reporting period.
3. Accounts receivable decreased by 106.16 million Yuan compared to the period-beginning amount, with a
decrease of 52.02%, which is mainly caused by the issuance of loans to customers by Shenzhen SEG Electronic
Commerce Co., Ltd. (hereinafter referred to as \"SEG E-Commerce\"), an owned subsidiary of the Company,
within the reporting period.
4. Other receivables increased by 22.32 million Yuan, with an increase of 89.17% compared to the
period-beginning amount.
①The increase is mainly attributable to the payment of business cash deposits to customers made by SEG
E-Commerce, an owned subsidiary of the Company.
②Nantong SEG Time Square Development Co., Ltd. (hereinafter referred to as \"Nantong SEG\"), an owned
subsidiaries of the Company, paid Nantong Constructional Engineering Management Office for the security
payment to peasant-workers employed by Nantong SEG Times Square Project within the reporting period.
5. Inventory increased by 115.49 million Yuan, with an increase of 117.84% compared to the period-beginning
amount. The increase is mainly due to the construction expenses incurred from the Nantong SEG Time Square
Project by Nantong SEG, an owned subsidiary of the Company, within the reporting period.
6. Other current assets increased by 351.51 million Yuan, with an increase of 83.71% compared to the
period-beginning amount, which is mainly because the Company and its owned subsidiaries poured the idle funds
into bank financial products.
7. Loans and advances issued increased by 87.64 million Yuan as compared to the period-beginning amount, with
an increase of 35.94%, which is mainly attributable to increases in small loans issued by Shenzhen SEG Credit
Co., Lt
