Full-text of 2015 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Stock code: 000058 200058 Stock abbreviation: SHEN SEG、SHEN SEG B Notice No.: 2015-046
Shenzhen SEG Co., Ltd.
2015 Semi-Annual Report
August 2015
Full-text of 2015 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 it has no false records, misleading statements or
major omissions, and that they commit to the individual and joint legal
liabilities.
All the directors have attended this board meeting reviewing the semi-annual
report.
Shenzhen SEG Co., Ltd. plans not to distribute cash dividends and bonus shares
or convert accumulated funds into share capital.
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 Statements enclosed in this annual
report are true, accurate and complete.
Full-text of 2015 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 .................................................. 8
Chapter 4 Report of The Board of Directors ................................................................................. 10
Chapter 5 Important Matters ......................................................................................................... 35
Chapter 6 Changes in Share Capital and Information on Shareholders .................................... 50
Chapter 7 Preferred Shares ............................................................................................................ 56
Chapter 8 Information on Directors, Supervisors, Senior Executives ........................................ 56
Chapter 9 Financial Report............................................................................................................. 57
Chapter 10 DOCUMENTS AVAILABLE FOR REFERENCE ................................................. 176
Full-text of 2015 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Definitions
Definition Refers to Description
The Company, Company, and Shenzhen SEG Refers to Shenzhen SEG Co., Ltd.
Shenzhen SEG Group Co., Ltd. Refers to Shenzhen SEG Group Co., Ltd.
Subsidiary Refers to Subsidiary SEG Electronics Market of Shenzhen SEG 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 Electronics Market Management Co., Ltd.
Shanghai SEG Refers to Shanghai SEG Electronics Market 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.
Wujiang SEG Refers to Wujiang SEG Electronics Market Co., Ltd.
Shunde SEG Refers to 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.
Suzhou SEG Digital Refers to Suzhou SEG Digital Plaza Management Co., Ltd.
Zhengzhou SEG Refers to Zhengzhou 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.
An integrated informatization platform for market management with the
SEG Universal Refers to functions of access control management, micro-payment, query system
and information distribution.
The internal management system developed by this Company to focus
on the business of electronics market, and it is the software platform to
MIS System Refers to
deal with the business in the management of berth position, lease
contract, customer information, site operation and management, and
Full-text of 2015 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Definition Refers to Description
electronic office and so on in the SEG electronics markets everywhere,
as well as the information platform for this Company to monitor the
relevant business condition of various electronics markets and data query
and analysis.
Youhao Group Refers to Xinjiang Youhao (Group) Co., Ltd.
Shenzhen Securities Regulatory Bureau of China Securities Regulatory
Shenzhen Securities Regulatory Bureau Refers to
Commission
State-owned Assets Supervision and Administration Commission of
Shenzhen SASAC Refers to
Shenzhen Municipality
Shenzhen United Exchange Refers to Shenzhen United Property and Share Rights Exchange
The Articles of Association Refers to The Articles of Association of Shenzhen SEG Co., Ltd.
Unless otherwise specified, the amount
Refers to Amount in Renminbi Yuan
referred to in the report
Full-text of 2015 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Chapter 2 Company Profile
I. Company Profile
Stock abbreviation SHEN SEG Stock code
Changed stock abbreviation (if
Shenzhen SEG Co., Ltd.
any)
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)
Company name abbreviations
None
in 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 31/F, Tower A, the Stars Plaza, Huaqiang
Contact address
Road (N), Futian District, Shenzhen Road (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 2014 Annual Report.
2. The place where the information is disclosed and prepared
Whether the information disclosure and filing site are changed in the report period?
□ Applicable √ Not applicable
Full-text of 2015 Semi-Annual Report of Shenzhen SEG Co., Ltd.
The newspaper specified by the Company to disclose information, the website specified by CSRC to publish the semi-annual report
and the filing site for the semi-annual report are not changed in the report period. See the 2014 Annual Report for detailed
information.
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. See the 2014 Annual Report for detailed information.
Full-text of 2015 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Chapter 3 Summary of Accounting Data and Financial Indexes
I. Main 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 report Amount of the same period Year-on-year
period of the previous year increase/decrease
Operating revenue (Yuan) 374,555,135.61 316,141,381.01 18.48%
Net profit attributable to shareholders of
34,906,133.61 37,645,842.28 -7.28%
the listed company (Yuan)
Net profit attributable to shareholders of
the listed company after deduction of 34,698,254.31 36,738,936.70 -5.55%
non-recurring gains and losses (Yuan)
Net cash flow arising from operating
-98,587,833.62 -104,382,196.59
activities (Yuan)
Basic EPS (Yuan/Share) 0.0445 0.0480 -7.29%
Diluted EPS (Yuan/Share) 0.0445 0.0480 -7.29%
Weighted average ROE 2.55% 2.97% -0.42%
Amount at end of the report Amount at end of the Year-on-year
period previous year increase/decrease
Total assets (Yuan) 2,495,946,288.44 2,659,717,718.28 -6.16%
Net assets attributable to shareholders of
1,435,903,974.96 1,298,970,719.85 10.54%
the listed company (Yuan)
II. Differences in 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 difference 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 difference in the financial report disclosed based on both the
international and the Chinese accounting standards.
Full-text of 2015 Semi-Annual Report of Shenzhen SEG Co., Ltd.
III. Items and amount of non-recurring gains and losses:
√ Applicable □ Not applicable
Unit: Yuan
Item Amount Remarks
Gains and losses on disposal of non-current assets (including the
-177,731.11 Disposal loss of fixed assets
write-off of assets depreciation reserves)
Mainly because the Company has
received the load interest subsidy
from Shenzhen Futian District
Government subsidies recorded into current gains and losses
Economic Promotion Bureau and the
(except those closely related with corporate business and enjoyed 223,828.12
financial support for SEG
according to national standards or certain quota)
E-commerce trade platform from
Shenzhen Economic and Trade and
Information Technology Commission.
Transferred-back impairment provision for accounts receivable,
400,000.00
for which separate impairment tests are carried out
Other non-operating income and expenses except the Liquidated damages were paid to
-215,906.84
above-mentioned items tenants.
Less: Amount of affected income tax 35,945.98
Amount of influence of minority shareholders’ equity (after
-13,635.11
tax)
Total 207,879.30 --
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 2015 Semi-Annual Report of Shenzhen SEG Co., Ltd.
Chapter 4 Report of The Board of Directors
I. Overview
In the first half of the year 2015, the domestic and international situation of economy confronted by our country
became more complex and severe, the pressure from economic downstream became increasingly heavy, multiple
difficulty and challenge multiply twisted, and the physical economy remained stable at low level but was weak for
recovery. Facing the increasingly severe economic situation and furious market competition, in the report period,
according to the operating policy of “transformation, innovation and development”, and through adopting a series
of effective measures including organizational structure reform, implementing project system, and resources to be
distributed to the first-line business preferentially, the Company made continuous innovation in management tool,
endeavored to enhance the level of management and operation, and ceaselessly strengthened the core business
competence, so that the major economic indicators of the Company and each investment company increase over
the previous year.
In the report period, the Company achieved a total operating income of 425,220,000 Yuan, a 26.10% increase
over the previous year, mainly due to: (1) substantial increase in the income of the agent purchasing and channel
retailing terminal business; (2) substantial increase in the income of the microcredit; and (3) year-on-year income
of the Suzhou SEG Digital and Xingsha store of Mellow Orange Hotel.
In the report period, the Company achieved a total profit of 72,190,000 Yuan, a 2.45% increase over the previous
year, mainly d
