Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Shenzhen SEG Co., Ltd.
Q1 2019 ReportNotice No.:2019-051
April 2019
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Chapter 1 Important Notice
The Board of Directors, the Board of Supervisors, the directors, thesupervisors, and the senior executives guarantee that the quarterly report isauthentic, accurate, and complete and that it has no false records, misleadingstatements or major omissions and they undertake joint and several legalliabilities.
All directors other than the following directors have attended this boardmeeting to review the annual report.
Name of director not present
| Name of director not present | Position of director not present | Reason for absence | Name of proxy |
| Gao Jianbai | Director | For work | Chen Huijie |
| Song Pingping | Independent director | For work | Fan Zhiqing |
| Zhang Yuwang | Director | For work | Chen Huijie |
| Zhang Liang | Director | For work | Xu Laping |
Chairman of the Board Chen Huijie, Chief Financial Officer Yan Dongxia,and the responsible person of the accounting institution (accountant in charge)Yan Dongxia hereby declare that the Financial statements enclosed in thisquarterly report are true, accurate and complete.
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Chapter 2 Basic Information about the Company
I. Major accounting data and financial indexes
Are retrospective adjustments made to previous financial statements?□ Yes ? No
| Amount of the reporting period | Amount of the same period of the previous year | Year-on-year increase/decrease in the reporting period | |
| Operating revenue (yuan) | 376,087,480.56 | 391,140,155.46 | -3.85% |
| Net profit attributable to shareholders of the listed company (yuan) | 60,097,292.93 | 62,622,931.80 | -4.03% |
| Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (yuan) | 15,160,088.23 | 27,128,268.89 | -44.12% |
| Net cash flow arising from operating activities (yuan) | -10,122,641.51 | -1,165,334.33 | |
| Basic EPS (yuan/share) | 0.0486 | 0.0507 | -4.14% |
| Diluted EPS (yuan/share) | 0.0486 | 0.0507 | -4.14% |
| Weighted average ROE | 2.41% | 2.40% | 0.01% |
| Amount at the end of the reporting period | Amount at the end of the previous year | Year-on-year increase/decrease in the reporting period | |
| Total assets (yuan) | 6,628,767,304.85 | 7,128,009,738.20 | -7.00% |
| Net assets attributable to shareholders of the listed company (yuan) | 1,920,074,451.41 | 1,867,881,216.44 | 2.79% |
Items and amount of non-recurring gains and losses√ Applicable □ Not Applicable
Unit: yuan
| Item | Amount from the beginning of year to the end of the period | Remarks |
| Profit or loss on disposal of non-current assets (including the write-off of assets depreciation reserves) | 55,036,051.26 | Income from reduction of holding-shares of Huakong SEG |
| Government subsidies recognized in current profit or loss (except those closely related to corporate business and enjoyed according to national standards or certain quota) | 474,999.99 | Support project fund for the construction of Nantong SEG electronics market |
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Profit and loss from commissioned investment or assetmanagement
| Profit and loss from commissioned investment or asset management | 4,806,398.41 | |
| Other items conforming to the definition of non-recurring profit and loss | 349,538.55 | |
| Less: Amount of affected income tax | 15,166,747.05 | |
| Amount of influence of minority shareholders' equity (after tax) | 563,036.46 | |
| Total | 44,937,204.70 | -- |
An explanation shall be made with regard to the Company's considerations for defining non-recurring profit and loss according to theExplanatory Announcement No.1 on Information Disclosure for Companies Offering Securities to the Public - Non-recurring Profitand Loss and the reason of classifying the non-recurring profit and loss listed in this announcement as recurring.□ Applicable √ Not applicableIn the reporting period, no item of non-recurring profit and loss defined and listed according to the Explanatory Announcement No. 1on Information Disclosure by Companies Offering Securities to the Public — Non-recurring Profit and Loss is defined as an item ofrecurring profit and loss.
II. Total number of shareholders and shares held by top 10 shareholders at the end of thereporting period
1. Total number of ordinary shareholders and preferred shareholders restored with voting rights andshares held by top 10 shareholders
Unit: Share
| Total number of ordinary shareholders at the end of the reporting period | 70,146 | Total number of preferred shareholders restored with the voting rights (if any) | 0 | ||||||
| Shares held by top 10 shareholders | |||||||||
| Name of shareholder | Nature of shareholder | Proportion of shareholding | Shares held | Quantity of restricted shares held | Information on pledged or frozen shares | ||||
| Share status | Quantity | ||||||||
| Shenzhen SEG Group Co., Ltd. | State-owned legal person | 56.70% | 700,628,759 | 450,857,239 | |||||
| Shenzhen Rongchao Investment Development Co., Ltd. | Domestic non-state-owned legal person | 0.62% | 7,660,000 | 0 | |||||
| Liu Guocheng | Domestic natural person | 0.57% | 7,052,702 | 0 | |||||
| Liu Guohong | Domestic natural person | 0.26% | 3,234,898 | 0 | |||||
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Gong Qianhua
| Gong Qianhua | Overseas natural person | 0.24% | 2,940,000 | 0 | ||
| Shanghai Juzhang Investment Management Co., Ltd. | Domestic non-state-owned legal person | 0.21% | 2,652,541 | 0 | ||
| China Securities Finance Corporation Limited | Domestic non-state-owned legal person | 0.18% | 2,271,900 | 0 | ||
| Xu Yueying | Domestic natural person | 0.14% | 1,760,000 | 0 | ||
| China Hi-tech Group Corporation | State-owned legal person | 0.12% | 1,500,000 | 0 | ||
| Chongqing International Trust Co., Ltd. - Yuxin Chuangxin Youshi No. 12 Assembled Funds Trust | Others | 0.10% | 1,220,000 | 0 | ||
| Information on top 10 shareholders of non-restricted shares | ||||||
| Name of shareholder | Quantity of unrestricted ordinary shares held | Type of share | ||||
| Type of share | Quantity | |||||
| Shenzhen SEG Group Co., Ltd. | 249,771,520 | RMB ordinary shares | 249,771,520 | |||
| Shenzhen Rongchao Investment Development Co., Ltd. | 7,660,000 | RMB ordinary shares | 7,660,000 | |||
| Liu Guocheng | 7,052,702 | Domestically listed foreign shares | 7,052,702 | |||
| Liu Guohong | 3,234,898 | Domestically listed foreign shares | 3,234,898 | |||
| Gong Qianhua | 2,940,000 | Domestically listed foreign shares | 2,940,000 | |||
| Shanghai Juzhang Investment Management Co., Ltd. | 2,652,541 | RMB ordinary shares | 2,652,541 | |||
| China Securities Finance Corporation Limited | 2,271,900 | RMB ordinary shares | 2,271,900 | |||
| Xu Yueying | 1,760,000 | Domestically listed foreign shares | 1,760,000 | |||
| China Hi-tech Group Corporation | 1,500,000 | RMB ordinary shares | 1,500,000 | |||
| Chongqing International Trust Co., Ltd. - Yuxin Chuangxin Youshi No. 12 Assembled Funds Trust | 1,220,000 | RMB ordinary shares | 1,220,000 | |||
| Explanations on the association relationship or concerted action among the | Shenzhen SEG Group Co., Ltd. has no association relationship with other shareholders and is not a person acting in concert with other shareholders as specified in the Management Methods for Disclosure of Information on Changes of | |||||
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
above-mentioned shareholders
| above-mentioned shareholders | Shareholding Status of Shareholders of Listed Companies. It is unclear whether other shareholders are persons acting in concert. |
| Information on top 10 ordinary shareholders participating in securities margin trading (if any) | None. |
Did top 10 ordinary shareholders of the Company or top 10 ordinary shareholders of non-restricted shares conduct agreed repurchasetransactions in the reporting period?□ Yes √ NoTop 10 ordinary shareholders of the Company or top 10 ordinary shareholders of non-restricted shares did not conduct agreedrepurchase transactions in the reporting period.
2. Total number of preferred shareholders and shares held by top 10 preferred shareholders
□ Applicable √ Not applicable
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Chapter 3 Important Matters
I. Changes in main financial data and financial indicators of the reporting period and reasons
√ Applicable □ Not applicable
(I) Items of the Consolidated Balance Sheet Statement
| (I) Items of the Consolidated Balance Sheet Statement | ||||
| Unit: RMB/Yuan | ||||
| Item | Closing balance | Opening balance | Difference | Increase/decrease year on year (%) |
| Monetary funds | 1,230,137,703.98 | 1,757,492,816.67 | -527,355,112.69 | -30.01% |
| Notes receivable and accounts receivable | 74,163,820.86 | 54,426,228.11 | 19,737,592.75 | 36.26% |
| Prepayment | 1,542,058.75 | 2,701,718.53 | -1,159,659.78 | -42.92% |
| Payroll payable | 30,080,168.48 | 44,065,725.59 | -13,985,557.11 | -31.74% |
| Taxes payable | 171,476,588.03 | 121,045,597.93 | 50,430,990.10 | 41.66% |
| Other payables | 588,676,374.70 | 1,021,673,905.77 | -432,997,531.07 | -42.38% |
| 1. Monetary funds decreased by RMB 527,355,112.69 or 30.01% over the beginning of the period, mainly due to repayment of the restructuring consideration to SEG Group and bank loans. | ||||
| 2. Notes receivable and accounts receivable increased by RMB 19,737,592.75 or 36.26% over the beginning of the period, mainly because SEG Property Management accrued the management expenses of RMB 20,527,800. | ||||
| 3. Prepayment decreased by RMB 1,159,659.78 or 42.92% over the beginning of the period, mainly due to business contraction of SEG Industrial in the reporting period. | ||||
| 4. Payroll payable decreased by RMB 13,985,557.11 or 31.74% over the beginning of the period, mainly because the company granted part of salaries and bonuses accrued in the previous year. | ||||
| 5. Taxes payable increased by RMB 50,430,990.10 or 41.66% over the beginning of the period, mainly because SEG New Urban incurred the land VAT for property sales of RMB 21 million and the Company incurred the enterprise income tax of RMB 9,246,600 for sales of shares of Huakong SEG. | ||||
| 6. Other payables decreased by RMB 432,997,531.07 or 42.38% over the beginning of the period, mainly due to repayment f the restructuring consideration to SEG Group. | ||||
| (II) Items of the Consolidated Profit Statement | ||||
| Unit: RMB/Yuan | ||||
| Item | Amount for the current period | Amount of the same period of the previous year | Difference | Increase/decrease year on year (%) |
| Interest income | 0.00 | 5,020,857.08 | -5,020,857.08 | -100.00% |
| Service charges and commissions | 0.00 | 223,839.96 | -223,839.96 | -100.00% |
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
income
| income | ||||
| Tax and surcharges | 31,785,231.34 | 10,239,902.06 | 21,545,329.28 | 210.41% |
| Sale expenses | 5,180,963.20 | 7,610,500.75 | -2,429,537.55 | -31.92% |
| Financial expenses | 23,195,019.91 | 15,524,536.56 | 7,670,483.35 | 49.41% |
| Loss from asset impairment | 0.00 | 3,428,150.12 | -3,428,150.12 | -100.00% |
| Non-operating revenue | 1,059,075.24 | 1,567,854.35 | -508,779.11 | -32.45% |
| Non-operating expenses | 234,536.70 | 4,264,049.51 | -4,029,512.81 | -94.50% |
| 1. Interest income decreased by RMB 5,020,857.08 or 100% year on year, mainly because the equity of SEG Credit was sold in the previous year and such income was not generated in the reporting period. | ||||
| 2. Service charges and commissions income decreased by RMB 223,839.96 or 100% year on year, mainly because the equity of SEG Credit was sold in the previous year and such income was not generated in the reporting period. | ||||
| 3. Tax and surcharges increased by RMB 21,545,329.28 or 210.41% year on year, mainly because SEG New Urban incurred the land VAT for property sales of RMB 21 million. | ||||
| 4. Sale expenses decreased by RMB 2,429,537.55 or 31.92% year on year, mainly because the sales agent expense paid by SEG New Urban decreased by RMB 1.55 million year on year and the advertising expenses paid by Nantong SEG and Huizhou Stars decreased by RMB 670 thousand year on year. | ||||
| 5. Financial expenses increased by RMB 7,670,483.35 or 49.41% year on year, mainly because the interest of RMB 9,088,400 was incurred due to issue of corporate bonds of RMB 800 million. | ||||
| 6. Loss from asset impairment decreased by RMB 3,428,150.12 year on year, mainly because SEG Credit accrued the provision for loan loss in the same the period of the previous year and there is no such impairment in the reporting period as SEG Credit has been sold. | ||||
| 7. Non-operating revenue decreased by RMB 508,779.11 or 32.45% year on year, mainly because SEG Property Development received the subsidy of RMB 666,200 for facade renovation of SEG Plaza in the same the period of the previous year and no such income was generated in the reporting period. | ||||
| 8. Non-operating expenses decreased by RMB 4,029,512.81 or 94.50% year on year, mainly because SEG Real Estate paid for termination of a contract (2017 Y. 0307 M. C. No. 6835) in the same the period of the previous year. | ||||
| (III) Items of the Consolidated Cash Flow Statement |
| Unit: RMB/Yuan |
| Item | Amount for the current period | Amount for the same period of the previous year (adjusted) | Difference | Increase/decrease year on year (%) |
| Cash received from interest, handling charges and commissions | 371,052.26 | 4,661,395.77 | -4,290,343.51 | -92.04% |
| Cash paid for goods and service | 104,282,449.76 | 244,997,988.68 | -140,715,538.92 | -57.44% |
| Net increase in loans to customers and advances | 0.00 | -16,784,988.00 | 16,784,988.00 | |
| Taxes paid | 37,114,103.27 | 70,845,921.44 | -33,731,818.17 | -47.61% |
| Net cash received from disposal of subsidiaries and other business units | 0.00 | -3,394,971.91 | 3,394,971.91 |
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Cash paid for purchase and construction of fixedassets, intangible assets and other long-term assets
| Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | 4,150,185.67 | 32,963,785.60 | -28,813,599.93 | -87.41% |
| Cash paid for investment | 793,128,340.34 | 350,880,000.00 | 442,248,340.34 | 126.04% |
| Cash received from absorbing investment | 0.00 | 980,000.00 | -980,000.00 | -100.00% |
| Cash received from borrowings | 250,000,000.00 | 152,000,000.00 | 98,000,000.00 | 64.47% |
| Cash paid for debt repayment | 375,632,579.00 | 281,320,347.76 | 94,312,231.24 | 33.52% |
| Cash paid for dividend and profit distribution or interest payment | 8,805,931.09 | 12,986,315.44 | -4,180,384.35 | -32.19% |
| 1. Cash received from interest, handling charges and commissions decreased by RMB 4,290,343.51 or 92.04% year on year, mainly because the equity of SEG Credit has been transferred in the reporting period and no loan was incurred. | ||||
| 2. Cash paid for goods and service decreased by RMB 140,715,538.92 or 57.44% year on year, mainly because the projects of Nantong SEG and SEG New Urban have been completed and the expenditure decreased by RMB 141,325,500 year on year. | ||||
| 3. Net increase in loans to customers and advances decreased by RMB 16,784,988.00 year on year, mainly because no loan was incurred in the reporting period. | ||||
| 4. Taxes paid decreased by RMB 33,731,818.17 or 47.61% year on year, mainly because taxes paid by SEG Real Estate decreased by RMB 29,478,700 year on year. | ||||
| 5. Net cash received from disposal of subsidiaries and other business units decreased by RMB 3,394,971.91 year on year, mainly because no subsidiaries and other business units were disposed of in the reporting period. | ||||
| 6. Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets decreased by RMB 28,813,599.93 or 87.41%, mainly because this item included the prepayment for equipment by Shenzhen-Shantou Longyan last year. | ||||
| 7. Cash paid for investment increased by RMB 442,248,340.34 or 126.04% year on year, mainly because repayment of the restructuring consideration of RMB 375,626,200 to SEG Group. | ||||
| 8. Cash received from absorbing investment decreased by RMB 980,000.00 or 100% year on year, mainly because the company acquired the investment from minority shareholders of SEG Yicheng in the same period of the previous year. | ||||
| 9. Cash received from borrowings increased by RMB 98,000,000.00 or 64.47% year on year, mainly because borrowings increased in the reporting period. | ||||
| 10. Cash paid for debt repayment increased by RMB 94,312,231.24 or 33.52% year on year, mainly because loan repayment increased in the reporting period. | ||||
| 11. Cash paid for dividend and profit distribution or interest payment decreased by RMB 41,803,843,500 or 32.19% year on year, mainly because SEG Credit paid the interest of RMB 2,996,600 in the same period of the previous year and this expenditure was not incurred in the reporting period. | ||||
II. Progress and impacts of major events and analysis of solutions
√ Applicable □ Not applicable
| Overview of major events | Disclosure date | Inquiry index for the websites disclosing the temporary reports |
| 1. Progress of breach of contract by the holding sub-subsidiary SEG New Urban | April 30, 2019 | http://www.cninfo.com.cn Annual Report of 2018 of Shenzhen SEG |
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Due to such force majeure as severe weather, theconstruction of the ECO project developed by the holdingsub-subsidiary SEG New Urban was affected, resulting inbreach of contract with 585 owners (of which 29 ownersfiled lawsuits). As of the end of the reporting period, SEGNew Urban has reached a compromise with 417 owners.
| Due to such force majeure as severe weather, the construction of the ECO project developed by the holding sub-subsidiary SEG New Urban was affected, resulting in breach of contract with 585 owners (of which 29 owners filed lawsuits). As of the end of the reporting period, SEG New Urban has reached a compromise with 417 owners. | Co., Ltd. | |
| January 3, 2019 | http://www.cninfo.com.cn Announcement on the Progress of Breach of Contract by the Holding Sub-subsidiary | |
| January 10, 2019 | http://www.cninfo.com.cn Announcement on the Progress of Breach of Contract by the Holding Sub-subsidiary | |
| January 17, 2019 | http://www.cninfo.com.cn Announcement on the Progress of Breach of Contract by the Holding Sub-subsidiary | |
| January 24, 2019 | http://www.cninfo.com.cn Announcement on the Progress of Breach of Contract by the Holding Sub-subsidiary | |
| January 31, 2019 | http://www.cninfo.com.cn Announcement on the Progress of Breach of Contract by the Holding Sub-subsidiary | |
| February 14, 2019 | http://www.cninfo.com.cn Announcement on the Progress of Breach of Contract by the Holding Sub-subsidiary | |
| February 28, 2019 | http://www.cninfo.com.cn Announcement on the Progress of Breach of Contract by the Holding Sub-subsidiary | |
| March 7, 2019 | http://www.cninfo.com.cn Announcement on the Progress of Breach of Contract by the Holding Sub-subsidiary | |
| March 21, 2019 | http://www.cninfo.com.cn Announcement on the Progress of Breach of Contract by the Holding Sub-subsidiary | |
| March 28, 2019 | http://www.cninfo.com.cn Announcement on the Progress of Breach of Contract by the Holding |
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Sub-subsidiary
| Sub-subsidiary | ||
| 2. Dispute over the lease contract arose between Nanning Haiqi Real Estate Development Co., Ltd. and Shenzhen SEG Co., Ltd. Case number: 2016 G. 0102 M. C. No. 3653 Second instance judgment: Nanning SEG shall pay the liquidated damages of RMB 8 million, pay the attorney fee of RMB 263,000 to Nanning Haiqi, and pay the case acceptance fee of RMB 134,238. The Company has applied for retrial. On July 11, 2018, the Higher People's Court of Guangxi Zhuang Autonomous Region decided to put the case on file. On March 22, 2019, the company received the Civil Ruling Paper served by the Higher People's Court of Guangxi Zhuang Autonomous Region which rejected the re-trial application of the company. Now the case is fulfilled completely. | September 26, 2016 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on Receipt of Court Summons and the Civil Complaint |
| August 31, 2018 | http://www.cninfo.com.cn Semi-Annual Report 2018 of Shenzhen SEG Co., Ltd. | |
| 3. SEG Industrial sued against Shenzhen Wonder Industry Co., Ltd., Liu Guiyun and Liu Yu for a dispute over the purchase and sales contract. Case number: (2017) Y. 0304 M. C. No. 5092; involved amount: 8,394,100 yuan The first-instance judgment has taken effect. The claims filed by SEG Industrial were basically supported, except that not all of the overdue fine was supported, and SEG Industrial has applied for enforcement with the court. Shenzhen Wonder Industry Co., Ltd. and Liu Yu refused to accept the first instance judgment and applied for re-trial to Shenzhen Intermediate People's Court. On March 4, 2019, the court decided to put the case on file. | September 20, 2018 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on the Progress of the Lawsuit Involving Holding Subsidiaries |
| 4. SEG Industrial sued against Shenzhen Yixin Zhongtian Technology Co., Ltd., Zhe Shaojun, and Zhao Xiaoyan for a dispute over the purchase and sales contract. Case number: (2017) Y. 0304 M. C. No. 5088; involved amount: 14,805,700 yuan The first-instance judgment has taken effect. The claims filed by SEG Industrial were basically supported, except that not all of the overdue fine was supported. On January 30, 2019, Shenzhen Yixin Zhongtian Technology Co., Ltd., Zhe Shaojun, and Zhao Xiaoyan applied for re-trial to Guangdong Higher People's Court and the court decided to put the case on file. | September 20, 2018 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on the Progress of the Lawsuit Involving Holding Subsidiaries |
| 5. SEG Industrial sued against Shenzhen Comnet Technology Co., Ltd., Xiao Qingshan, Zhou Ronghua, Anhua Meishan Small Loan Co., Ltd., and Shenzhen Baiyide | September 20, 2018 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on the Progress of the Lawsuit |
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Technology Co., Ltd. for a dispute over the purchase andsales contract. Case number: (2017) Y. 0304 M. C. No. 7976;involved amount: 5,155,400 yuanAccording to the first-instance judgment, SEG Industrial wasthe prevailing party. The other party arrested thefirst-instance judgment and instituted an appeal. The secondinstance is in progress.
| Technology Co., Ltd. for a dispute over the purchase and sales contract. Case number: (2017) Y. 0304 M. C. No. 7976; involved amount: 5,155,400 yuan According to the first-instance judgment, SEG Industrial was the prevailing party. The other party arrested the first-instance judgment and instituted an appeal. The second instance is in progress. | Involving Holding Subsidiaries | |
| 6. SEG Industrial sued against Shenzhen Runneng Digital Technology Co., Ltd., Xiao Qingshan, Zhou Ronghua, Anhua Meishan Small Loan Co., Ltd., and Shenzhen Baiyide Technology Co., Ltd. for a dispute over the purchase and sales contract. Case number: (2017) Y. 0304 M. C. No. 7977; involved amount: 15,345,000 yuan According to the first-instance judgment, SEG Industrial was the prevailing party. The other party arrested the first-instance judgment and instituted an appeal. The second instance is in progress. | September 20, 2018 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on the Progress of the Lawsuit Involving Holding Subsidiaries |
| 7. In the reporting period, 16 cases involving Nantong SEG Operation are not settled yet, in which 2 cases are new. Merchants owed the rents and management fees to Nantong SEG Operation, resulting in disputes over lease contracts. Involved amount: 7,813,500 yuan Twelve cases were settled and Nantong SEG Operation was the prevailing party. The remaining four cases are not settled, among which two are on first trial and the other two are on second trial. | August 31, 2018 | http://www.cninfo.com.cn Semi-Annual Report 2018 of Shenzhen SEG Co., Ltd. |
| In the reporting period, Nantong SEG is involved in 16 cases. In one case, Nantong SEG was the defendant. All lawsuits arise from disputes over the house decoration contract, involving RMB 34,506,300. 12 cases have been settled and are being enforced. One case is under re-trial. Three cases are under second trial. | August 31, 2018 | http://www.cninfo.com.cn Semi-Annual Report 2018 of Shenzhen SEG Co., Ltd. |
| 9. Follow-up on the business transaction between the holding sub-subsidiary SEG New Urban and Shenzhen Zhaocheng Group | February 1, 2019 | http://www.cninfo.com.cn Risk Warning on Suspension of Some Bank Accounts of the Holding Sub-subsidiary |
| March 2, 2019 | http://www.cninfo.com.cn Announcement on the Receipt of the Legal Instrument & the Progress of Suspension of Some Bank Accounts of the Holding Sub-subsidiary | |
| March 22, 2019 | http://www.cninfo.com.cn |
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Announcement on Unfreezing Accountsof the Holding Sub-subsidiary
| Announcement on Unfreezing Accounts of the Holding Sub-subsidiary | ||
| March 29, 2019 | http://www.cninfo.com.cn Risk Warning on the Possibility of the Holding Sub-subsidiary's Liability for Guarantee | |
| April 16, 2019 | http://www.cninfo.com.cn Announcement on the Receipt of the Civil Ruling Paper and the Notice for Assistance in Enforcement | |
| April 23, 2019 | http://www.cninfo.com.cn Risk Warning on Matters Related to the Receipt of the Notice of Contract Termination by the Holding Sub-subsidiary | |
| 10. Public offering of corporate bonds To meet the capital needs of the Company during main business development and to further expand financing channels, based on financial and operational status of the Company, the Company planned to publicly issue corporate bonds worth RMB 800 million on Shenzhen Stock Exchange and provided counter-guarantee for mortgage. On January 15, 2019, the corporate bonds (1st issue) of RMB 800 million issued by the Company were listed. | April 30, 2019 | http://www.cninfo.com.cn/ 2018 Annual Report |
| January 15, 2019 | http://www.cninfo.com.cn Announcement on Public Offering of Corporate Bonds (1st Issue) to Qualified Investors in 2018 | |
| February 19, 2019 | http://www.cninfo.com.cn Announcement on Contemplated Changes in Details of Repayment Objects of 18 SEG 01 and 18 SEG 02 | |
| February 22, 2019 | http://www.cninfo.com.cn Announcement on Contemplated Changes in Details of Repayment Objects of 18 SEG 01 and 18 SEG 02 | |
| 11. Retirement of Vice General Manager of the Company Hong Xi was removed from Vice General Manager of the Company due to retirement and no longer holds any post in the Company. | January 31, 2019 | http://www.cninfo.com.cn Announcement on the Retirement of Vice General Manager of the Company |
| 12. Reduction of Holding-shares of Shenzhen Huakong SEG Co., Ltd. | January 15, 2019 | http://www.cninfo.com.cn Announcement on the Resolution of the 1st Extraordinary General Meeting in 2019 |
| April 24, 2019 | http://www.cninfo.com.cn Announcement on the Progress of |
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
Reduction of Holding-shares ofShenzhen Huakong SEG Co., Ltd.
| Reduction of Holding-shares of Shenzhen Huakong SEG Co., Ltd. | ||
| 13. Suspension of the Construction Project of the PV Industry Base of Shenzhen-Shantou Special Cooperation & the Connected Transaction Concerning Proposed Transfer of 100% of the Equity of Shenzhen-Shantou Cooperation Zone SEG Longyan Energy Technology Co., Ltd. Held by the Holding Subsidiary | March 12, 2019 | http://www.cninfo.com.cn Suggestive Announcement on Suspension of the Construction Project of the PV Industry Base of Shenzhen-Shantou Special Cooperation & the Connected Transaction Concerning Proposed Transfer of 100% of the Equity of Shenzhen-Shantou Cooperation Zone SEG Longyan Energy Technology Co., Ltd. Held by the Holding Subsidiary |
| 14. Leasing of the entire commercial podium of SEG Times Plaza by the wholly-owned subsidiary Nantong SEG Times Plaza Development Co., Ltd. and execution of the lease contract The wholly-owned subsidiary Nantong SEG Times Plaza Development Co., Ltd. and Red Star Macalline Group Corporation Ltd. ("Macalline") entered into the Lease Contract. The Company leased the entire commercial podium of Nantong SEG Times Plaza (with a total area of 57,481 m2) to Macalline. The lease term is 15 years. The total contract price is RMB 246,731,000. | January 16, 2019 | http://www.cninfo.com.cn Announcement on Leasing of the Entire Commercial Podium of SEG Times Plaza by the Wholly-owned Subsidiary Nantong SEG Times Plaza Development Co., Ltd. and Execution of the Lease Contract |
| 15. Payment of the transaction consideration of SEG Group for major assets restructuring According to the major assets restructuring appraisal results and the transaction payment method, 86.90% of the transaction consideration for 55% of equity of SEG Recreation, 100% of equity of SEG Property, 100% of equity of SegMaker, and 79.02% of equity of SEG Real Estate (RMB 4,481,521,000 in total) was paid by non-public offering of shares; 13.10% of the transaction consideration (RMB 675,626,200) was paid in cash. On January 19, 2017, the business registration alteration procedures for the four target companies involved in the major assets restructuring of SEG Group were completed. On February 25, 2017, 450,857,239 A-shares were determined for non-public offering in the major assets restructuring and were listed on March 6, 2017. On March 7, 2019, payment for the consideration of RMB 675,626,200 in cash was completed. | January 18, 2017 | http://www.cninfo.com.cn Report of Share Issuance and Cash Payment to Acquire Assets and Raise Supporting Funds & Connected Transaction |
| January 25, 2017 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on Transfer of Underlying Assets for Share Issuance and Cash Payment to Acquire Assets and Raise Funds & Connected Transactions | |
| March 4, 2017 | http://www.cninfo.com.cn Announcement of Shenzhen SEG Co., Ltd. on Transfer of Underlying Assets for Share Issuance and Cash Payment to Acquire Assets and Raise Funds & Connected Transactions & Public Offering of New Shares |
Progress of share repurchase
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
□ Applicable √ Not applicableProgress of reduction of holding-shares in the form of centralized bidding□ Applicable √ Not applicable
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
III. Commitments not fulfilled in the reporting period by the actual controller of the Company, shareholders, buyers, or other relatedparties
√ Applicable □ Not applicable
Commitments
| Commitments | Subject | Type | Content | Commitment date | Commitment term | Performance |
| Commitment for share reform | Not applicable | |||||
| Commitments in the Acquisition Report and the Report of Changes on Equity | Not applicable | |||||
| Commitments made at the time of restructuring of assets | Shenzhen SEG Group Co., Ltd. | Other commitment | "After updating and restructuring of SEG Industrial Building, SEG Economy Building, and SEG Recreation Industry Building, the area of added part that belongs to SegMaker, SEG Recreation and SEG Property is 2,855.20 m2. SEG Group undertakes that the use of the temporary buildings belonged to SegMaker, SEG Recreation and SEG Property will be renewed after expiration of the two-year use duration. In case when, due to failure in renewal of use of temporary buildings, the listed company has any loss or the income during the period from expiration of the performance commitment period to expiration of the evaluated income expected period is lower than the expected compensation, or the listed company has any loss because the temporary buildings are required to be dismantled by governmental organs during the period from expiration of the performance commitment period to expiration of the evaluated income expected period, SEG Group will compensate the listed company timely and in full amount | August 3, 2016 | April 20, 2024 | Extended performance (The Company has applied for extension of the license for the said property and submitted application materials to the relevant competent authority for approval. SEG Group is assisting with such |
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
according to the following compensation methods:
1. SEG Group has made commitments for the performance of thesubject company within three years after completion of major assetrestructuring. Influence of the updating and restructuring projecthas been taken into account in the commitments.2. The amount of compensation for the income that is lower thanthe expected income during the period from expiration of theperformance commitment period to expiration of the evaluatedincome expected period = (the predicted accumulated income tothe end of the report period - actual accumulated income to the endof the report period) - the compensated amount.3. The loss caused when the temporary buildings are required to bedismantled by governmental organs during the period fromexpiration of the performance commitment period to expiration ofthe evaluated income expected period = the dismantling cost andcompensation amount related - (the accumulated total income tothe time the buildings are dismantled- predicted accumulatedincome during the predication period). Note: the predicted incomerefers to the net value remained after the predicted total incomefrom the newly added temporary buildings in the evaluation reportsof the subject companies minuses the allocated investment costduring the operating period and the amount influenced bypermanent rent termination predicted in the evaluation report.Shenzhen SEG should employ an audit agency with securitypractice qualification recognized by SEG Group to provide aformal audit report on the compensation methods for the propertyinvestment within the compensation scope of the report periodwithin four months at the end of each accounting year during thecompensation period. SEG Group should compensate in cash anyproperty investment and compensation items within the
| according to the following compensation methods: 1. SEG Group has made commitments for the performance of the subject company within three years after completion of major asset restructuring. Influence of the updating and restructuring project has been taken into account in the commitments. 2. The amount of compensation for the income that is lower than the expected income during the period from expiration of the performance commitment period to expiration of the evaluated income expected period = (the predicted accumulated income to the end of the report period - actual accumulated income to the end of the report period) - the compensated amount. 3. The loss caused when the temporary buildings are required to be dismantled by governmental organs during the period from expiration of the performance commitment period to expiration of the evaluated income expected period = the dismantling cost and compensation amount related - (the accumulated total income to the time the buildings are dismantled- predicted accumulated income during the predication period). Note: the predicted income refers to the net value remained after the predicted total income from the newly added temporary buildings in the evaluation reports of the subject companies minuses the allocated investment cost during the operating period and the amount influenced by permanent rent termination predicted in the evaluation report. Shenzhen SEG should employ an audit agency with security practice qualification recognized by SEG Group to provide a formal audit report on the compensation methods for the property investment within the compensation scope of the report period within four months at the end of each accounting year during the compensation period. SEG Group should compensate in cash any property investment and compensation items within the | extension application. The renewal application is still under approval and the license for renewal is not obtained yet.) |
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
compensation scope of the report period. Shenzhen SEG shouldcalculate the payable compensation amount within 15 workingdays upon final specific review opinions provided by the auditagency, and send a written notice to SEG Group. Within 30working days upon receipt of the written notice from ShenzhenSEG, SEG Group should pay the compensation in cash in fullamount."
| compensation scope of the report period. Shenzhen SEG should calculate the payable compensation amount within 15 working days upon final specific review opinions provided by the audit agency, and send a written notice to SEG Group. Within 30 working days upon receipt of the written notice from Shenzhen SEG, SEG Group should pay the compensation in cash in full amount." | ||||||
| Commitment made at the time of initial public offerings or refinancing | Not applicable | |||||
| Commitment on equity incentives | Not applicable | |||||
| Other commitments made to the medium and small shareholders of the Company | Not applicable | |||||
| Whether commitments were fulfilled on time | No | |||||
| For commitments unfulfilled in the commitment period, specify the reasons for non-fulfillment and further plans | The Company has applied for extension of the license for the said property and submitted application materials to the relevant competent authority for approval. SEG Group is assisting with such extension application. The renewal application is still under approval and the license for renewal is not obtained yet. | |||||
IV. Estimation of operating results of January-June 2019
Warning of negative estimated accumulated net profit from the beginning of the year to the end of the next reporting period or large fluctuation over the same period of the previous year andcauses
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
□ Applicable √ Not applicable
V. Securities investment
√ Applicable □ Not applicable
Unit: Yuan
Stock type
| Stock type | Stock code | Short form of the security | Initial investment cost | Accounting measurement mode | Opening book value | Profit or loss from changes in fair value in the current period | Accumulative changes in fair value counted into equity | Amount of purchase in the current period | Amount of sales in the current period | Profit or loss in the reporting period | Closing book value | Accounting item | Source of capital |
| Domestic and overseas shares | 600778 | Youhao Group | 90,405.00 | Measurement of fair value | 274,287.16 | 47,787.86 | 0.00 | 0.00 | 0.00 | 322,075.02 | Available-for-sale financial assets | Self-owned capital | |
| Domestic and overseas shares | 000068 | Huakong SEG | 173,687,994.45 | Measurement of cost method | 139,130,451.09 | -184.27 | -7,455,408.85 | -4,608,463.34 | 127,066,394.6 | Long term equity investment | Self-owned capital | ||
| Domestic and overseas shares | 832770 | SEG Navigations | 8,275,321.43 | Measurement of cost method | 13,515,392.83 | 0.00 | 0.00 | 0.00 | 13,515,392.83 | Available-for-sale financial assets | Self-owned capital | ||
| Other securities investment held at the end of the period | - | ||||||||||||
| Total | 182,053,720.88 | -- | 152,920,131.08 | 0.00 | 47,603.59 | 0.00 | -7,455,408.85 | -4,608,463.34 | 140,903,862.48 | - | |||
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
VI. Derivative investment
□ Applicable √ Not applicableNo derivative investment is involved in the reporting period.
VII. Registration form for investigations, communication and interviews in the reportingperiod
√ Applicable □ Not applicable
Time
| Time | Means | Type | Investigation Index |
| January 7, 2019 | Phone call | Individual | Inquire about recent operations of the Company. |
| January 28, 2019 | Phone call | Individual | Inquire about whether the controlling shareholder of the Company SEG Group has pledged stocks of the Company. |
| January 29, 2019 | Phone call | Individual | Inquire about whether the Company will release the performance forecast for 2018. |
| February 1, 2019 | Phone call | Individual | Inquire about lawsuits involving the holding sub-subsidiary SEG New Urban and suspension of some bank accounts. |
| February 27, 2019 | Phone call | Organization | Inquire about the progress of suspension of some bank accounts of the holding sub-subsidiary SEG New Urban and whether the reason is known. |
| March 4, 2019 | Phone call | Individual | Inquire about the latest number of shareholders of the Company. |
| March 11, 2019 | Phone call | Individual | Consult the latest register of shareholders of the Company. |
| March 12, 2019 | Phone call | Individual | Inquire about equity transfer of Shenzhen-Shantou Longyan. |
| March 21, 2019 | Phone call | Individual | Inquire about the latest number of shareholders of the Company. |
| March 29, 2019 | Phone call | Individual | Inquire about recent operations of the Company. |
VIII. Illegal external guarantee
□ Applicable √ Not applicableNo illegal external guarantee is involved in the reporting period.
IX. Non-operating capital occupation on the listed company by the controlling shareholdersand related parties
□ Applicable √ Not applicableNo non-operating capital occupation on the listed company by the controlling shareholders and related parties is involved in thereporting period.
Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet Statement
Prepared by: Shenzhen SEG Co., Ltd.
March 31, 2019
Unit: Yuan
Item
| Item | March 31, 2019 | December 31, 2018 |
| Current assets: | ||
| Monetary funds | 1,230,137,703.98 | 1,757,492,816.67 |
| Deposit reservation for balance | ||
| Loans to other banks | ||
| Trading financial assets | ||
| Financial assets measured by fair value with changes included in current gains and losses | ||
| Derivative financial assets | ||
| Notes receivable and accounts receivable | 74,163,820.86 | 54,426,228.11 |
| Including: Notes receivable | ||
| Accounts receivable | 74,163,820.86 | 54,426,228.11 |
| Advances | 1,542,058.75 | 2,701,718.53 |
| Premiums receivable | ||
| Reinsurance accounts receivable | ||
| Reinsurance deposit receivable | ||
| Other accounts receivable | 139,939,762.92 | 115,570,683.93 |
| Including: Interest receivable | 1,063,684.93 | 1,063,684.93 |
| Dividends receivable | 2,000,000.00 | 2,000,000.00 |
| Redemptory monetary capital for resale | ||
| Inventory | 2,620,086,306.94 | 2,670,294,017.74 |
| Contract assets | ||
| Held-for-sale assets |
Non-current assets due within oneyear
| Non-current assets due within one year | ||
| Other current assets | 532,771,414.44 | 468,083,201.09 |
| Total current assets | 4,598,641,067.89 | 5,068,568,666.07 |
| Non-current assets: | ||
| Loans and advances issued | ||
| Debt investment | ||
| Financial assets available for sale | 34,069,679.99 | |
| Other debt investment | ||
| Held-to-maturity investment | ||
| Long-term receivables | 19,000,000.00 | 19,000,000.00 |
| Long-term equity investment | 159,455,526.58 | 172,684,147.74 |
| Other equity instrument investment | 34,135,217.63 | |
| Other non-current financial assets | ||
| Investment properties | 1,398,792,580.02 | 1,412,916,851.46 |
| Fixed assets | 56,170,824.11 | 59,351,351.90 |
| Construction in progress | 161,470,294.54 | 151,214,015.76 |
| Productive biological assets | ||
| Oil & gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 31,224,808.45 | 32,471,556.32 |
| Development expenses | ||
| Goodwill | 0.00 | 0.00 |
| Long-term expenses to be amortized | 67,658,319.56 | 73,769,436.90 |
| Deferred income tax assets | 55,185,914.76 | 56,931,280.75 |
| Other non-current assets | 47,032,751.31 | 47,032,751.31 |
| Total non-current assets | 2,030,126,236.96 | 2,059,441,072.13 |
| Total assets | 6,628,767,304.85 | 7,128,009,738.20 |
| Current liabilities: | ||
| Short-term borrowing | 460,000,000.00 | 520,000,000.00 |
| Loans from central bank | ||
| Loans from other banks | ||
| Trading financial liabilities | ||
| Financial liabilities measured by fair value with changes included in current |
gains and losses
| gains and losses | ||
| Derivative financial liabilities | ||
| Notes payable and accounts payable | 290,397,686.55 | 293,130,435.56 |
| Advances from customers | 609,813,302.36 | 692,811,462.75 |
| Financial assets sold for repurchase | ||
| Deposits from customers and interbank | ||
| Acting trading securities | ||
| Acting underwriting securities | ||
| Payroll payable | 30,080,168.48 | 44,065,725.59 |
| Taxes payable | 171,476,588.03 | 121,045,597.93 |
| Other payables | 588,676,374.70 | 1,021,673,905.77 |
| Including: Interest payable | 3,284,767.84 | 4,943,712.80 |
| Dividends payable | 4,196,371.01 | 4,196,371.01 |
| Service charges and commissions payable | ||
| Reinsurance accounts payable | ||
| Contract liabilities | ||
| Held-for-sale liabilities | ||
| Non-current liabilities due within one year | 258,569,415.58 | 272,569,415.58 |
| Other current liabilities | ||
| Total current liabilities | 2,409,013,535.70 | 2,965,296,543.18 |
| Non-current liabilities: | ||
| Insurance deposit | ||
| Long-term borrowing | 710,000,000.00 | 748,250,000.00 |
| Bonds payable | 798,516,471.59 | 787,752,107.90 |
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liabilities | ||
| Long-term payables | ||
| Long-term payroll payable | ||
| Estimated liabilities | 90,254,503.10 | 90,254,503.10 |
| Deferred income | 6,257,529.58 | 6,732,529.57 |
| Deferred income tax liabilities | 84,629,817.27 | 79,875,150.30 |
Other non-current liabilities
| Other non-current liabilities | ||
| Total non-current liabilities | 1,689,658,321.54 | 1,712,864,290.87 |
| Total liabilities | 4,098,671,857.24 | 4,678,160,834.05 |
| Owners' equity: | ||
| Share capital | 1,235,656,249.00 | 1,235,656,249.00 |
| Other equity instruments | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital reserve | 148,933,205.15 | 156,892,820.25 |
| Less: Treasury shares | ||
| Other comprehensive income | 147,322.80 | 91,765.66 |
| Special reserve | ||
| Surplus reserve | 152,762,534.98 | 152,762,534.98 |
| General risk provision | ||
| Undistributed profits | 382,575,139.48 | 322,477,846.55 |
| Total owners' equity attributable to the parent company | 1,920,074,451.41 | 1,867,881,216.44 |
| Minority shareholders' equity | 610,020,996.20 | 581,967,687.71 |
| Total owners' equity | 2,530,095,447.61 | 2,449,848,904.15 |
| Total liabilities and owners' equity | 6,628,767,304.85 | 7,128,009,738.20 |
Legal representative: Chen Huijie Person in charge of accounting: Yan Dongxia Responsible person of the accountinginstitution: Yan Dongxia
2. Balance Sheet Statement of the Parent Company
Unit: Yuan
| Item | March 31, 2019 | December 31, 2018 |
| Current assets: | ||
| Monetary funds | 614,617,390.40 | 971,108,422.35 |
| Trading financial assets | ||
| Financial assets measured by fair value with changes included in current gains and losses | ||
| Derivative financial assets | ||
| Notes receivable and accounts receivable | 127,360.00 | 217,360.00 |
Including: Notes receivable
| Including: Notes receivable | ||
| Accounts receivable | 127,360.00 | 217,360.00 |
| Advances | 256,415.82 | |
| Other accounts receivable | 1,183,543,911.60 | 1,098,488,672.67 |
| Including: Interest receivable | 0.00 | |
| Dividends receivable | 2,000,000.00 | 2,000,000.00 |
| Inventory | ||
| Contract assets | ||
| Held-for-sale assets | ||
| Non-current assets due within one year | ||
| Other current assets | 4,087,189.77 | 4,172,729.68 |
| Total current assets | 1,802,632,267.59 | 2,073,987,184.70 |
| Non-current assets: | ||
| Debt investment | ||
| Financial assets available for sale | 33,515,392.83 | |
| Other debt investment | ||
| Held-to-maturity investment | ||
| Long-term receivables | 9,000,000.00 | 9,000,000.00 |
| Long-term equity investment | 1,312,118,572.24 | 1,326,039,288.79 |
| Other equity instrument investment | 33,515,392.83 | |
| Other non-current financial assets | ||
| Investment properties | 250,212,749.91 | 252,842,527.62 |
| Fixed assets | 17,463,525.28 | 17,786,925.84 |
| Construction in progress | 356,437.64 | |
| Productive biological assets | ||
| Oil & gas assets | ||
| Right-of-use assets | ||
| Intangible assets | 1,548,532.03 | 1,671,913.78 |
| Development expenses | ||
| Goodwill | ||
| Long-term expenses to be amortized | 8,774,276.34 | 9,404,881.96 |
| Deferred income tax assets | 1,633,980.97 | 1,673,932.41 |
| Other non-current assets | 39,560.00 | |
| Total non-current assets | 1,634,623,467.24 | 1,651,974,423.23 |
Total assets
| Total assets | 3,437,255,734.83 | 3,725,961,607.93 |
| Current liabilities: | ||
| Short-term borrowing | 460,000,000.00 | 520,000,000.00 |
| Trading financial liabilities | ||
| Financial liabilities measured by fair value with changes included in current gains and losses | ||
| Derivative financial liabilities | ||
| Notes payable and accounts payable | 206,374.11 | 206,374.11 |
| Advances from customers | 17,728,535.49 | 22,491,215.88 |
| Contract liabilities | ||
| Payroll payable | 4,068,340.24 | 5,143,700.56 |
| Taxes payable | 14,536,082.17 | 4,471,684.00 |
| Other payables | 176,644,527.94 | 439,491,749.59 |
| Including: Interest payable | 1,578,179.07 | 1,578,179.07 |
| Dividends payable | ||
| Held-for-sale liabilities | ||
| Non-current liabilities due within one year | ||
| Other current liabilities | ||
| Total current liabilities | 673,183,859.95 | 991,804,724.14 |
| Non-current liabilities: | ||
| Long-term borrowing | ||
| Bonds payable | 799,068,579.49 | 787,752,107.90 |
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Lease liabilities | ||
| Long-term payables | ||
| Long-term payroll payable | ||
| Estimated liabilities | ||
| Deferred income | 6,112,104.54 | 6,592,529.57 |
| Deferred income tax liabilities | ||
| Other non-current liabilities | ||
| Total non-current liabilities | 805,180,684.03 | 794,344,637.47 |
| Total liabilities | 1,478,364,543.98 | 1,786,149,361.61 |
Owners' equity:
| Owners' equity: | ||
| Share capital | 1,235,656,249.00 | 1,235,656,249.00 |
| Other equity instruments | ||
| Including: Preferred stock | ||
| Perpetual capital securities | ||
| Capital reserve | 223,456,332.26 | 231,415,947.36 |
| Less: Treasury shares | ||
| Other comprehensive income | -132.81 | -55.90 |
| Special reserve | ||
| Surplus reserve | 152,762,534.98 | 152,762,534.98 |
| Undistributed profits | 347,016,207.42 | 319,977,570.88 |
| Total owners' equity | 1,958,891,190.85 | 1,939,812,246.32 |
| Total liabilities and owners' equity | 3,437,255,734.83 | 3,725,961,607.93 |
3. Consolidated Profit Statement
Unit: Yuan
| Item | Amount incurred in the current period | Amount incurred in the previous period |
| I. Total operating revenue | 376,087,480.56 | 396,384,852.50 |
| Including: Operating revenue | 376,087,480.56 | 391,140,155.46 |
| Interest income | 5,020,857.08 | |
| Earned premiums | ||
| Service charges and commissions income | 223,839.96 | |
| II. Total operating cost | 329,289,265.35 | 334,036,630.74 |
| Including: Operating cost | 241,791,059.45 | 267,621,500.55 |
| Interest expenses | ||
| Service charges and commissions expenses | ||
| Surrender value | ||
| Net compensation pay-outs | ||
| Net insurance deposit accrued | ||
| Insurance dividends | ||
| Reinsurance expenses | ||
| Operating tax and surcharges | 31,785,231.34 | 10,239,902.06 |
Sale expenses
| Sale expenses | 5,180,963.20 | 7,610,500.75 |
| Management expenses | 27,336,991.45 | 29,612,040.70 |
| R&D expenses | ||
| Financial expenses | 23,195,019.91 | 15,524,536.56 |
| Including: Interest expenses | 23,580,249.71 | |
| Interest income | -2,423,553.92 | |
| Loss from asset impairment | 3,428,150.12 | |
| Loss from credit impairment | ||
| Add: Other income | ||
| Income from investment (enter "-" for loss) | 52,122,030.89 | 43,590,161.83 |
| Including: Income from investment in joint ventures or associates | -7,720,418.78 | -5,476,059.45 |
| Income from exchange (enter "-" for loss) | ||
| Net exposure hedge return (enter "-" for loss) | ||
| Income from change of fair value (enter "-" for loss) | ||
| Income from asset disposal (enter "-" for loss) | ||
| III. Operating profit (enter "-" for loss) | 98,920,246.10 | 105,938,383.59 |
| Add: Non-operating revenue | 1,059,075.24 | 1,567,854.35 |
| Less: Non-operating expenses | 234,536.70 | 4,264,049.51 |
| IV. Total profit (enter "-" for total loss) | 99,744,784.64 | 103,242,188.43 |
| Less: Income tax | 29,451,629.62 | 29,410,259.23 |
| V. Net profit (enter "-" for net loss) | 70,293,155.02 | 73,831,929.20 |
| (I) Classified by continuity of operations | ||
| 1. Net profit from continuing operations (enter "-" for net loss) | 70,293,155.02 | 73,831,929.20 |
| 2. Net profit from discontinuing operations (enter "-" for net loss) | ||
| (II) Classified by ownership | ||
| 1. Net profit attributable to the owner of the parent company | 60,097,292.93 | 62,622,931.80 |
2. Profit and loss of minorityshareholders
| 2. Profit and loss of minority shareholders | 10,195,862.09 | 11,208,997.40 |
| VI. Net of tax of other comprehensive incomes | 47,603.59 | -46,016.42 |
| Total owners' net of tax of other comprehensive incomes attributable to the parent company | 47,603.59 | -30,654.12 |
| (I) Other comprehensive incomes not to be reclassified into gains and losses | ||
| 1. Changes of the re-measured defined benefit plans | ||
| 2. Other comprehensive incomes not to be reclassified into gains and losses under the equity method | ||
| 3. Changes in fair value of other equity instruments investment | ||
| 4. Changes in fair value of the enterprise's own credit risk | ||
| 5. Others | ||
| (II) Other comprehensive incomes to be reclassified into gains and losses | 47,603.59 | -30,654.12 |
| 1. Other comprehensive incomes to be reclassified into gains and losses under the equity method | 47,603.59 | -49.05 |
| 2. Changes in fair value of other debt investments | ||
| 3. Gains and losses from changes of fair value of the available-for-sale financial assets | -30,506.07 | |
| 4. Amount of financial assets reclassified into other comprehensive income | ||
| 5. Held-to-maturity investments categorized as gains and losses from the available-for-sale financial assets | ||
| 6. Provision for impairment of other debt investment credit | ||
| 7. Cash flow hedge reserve | ||
| 8. Foreign currency translation |
differences
| differences | ||
| 9. Others | ||
| Net of tax of other comprehensive income attributable to minority shareholders | -15,362.30 | |
| VII. Total comprehensive income | 70,340,758.61 | 73,785,912.78 |
| Total comprehensive income attributable to shareholders of the parent company | 60,128,925.82 | 62,592,277.68 |
| Total comprehensive income attributable to minority shareholders | 10,211,832.79 | 11,193,635.10 |
| VIII. Earnings per share | ||
| 1. Basic earnings per share | 0.0486 | 0.0507 |
| 2. Diluted earnings per share | 0.0486 | 0.0507 |
In case of merger of enterprises under common control in the current period, the net profit of the merged party recognized beforemerger is RMB 0.00 and the net profit of the merged party in the previous period is RMB 0.00.Legal representative: Chen Huijie Person in charge of accounting: Yan Dongxia Responsible person of the accountinginstitution: Yan Dongxia
4. Profit Statement of the Parent Company
Unit: Yuan
| Item | Amount incurred in the current period | Amount incurred in the previous period |
| I. Operating revenue | 20,516,104.34 | 19,007,580.23 |
| Less: Operating cost | 9,266,866.74 | 10,624,151.64 |
| Tax and surcharges | 1,038,804.70 | 1,075,625.92 |
| Sale expenses | 252,056.61 | |
| Management expenses | 6,319,012.27 | 3,949,591.80 |
| R&D expenses | ||
| Financial expenses | 14,744,143.83 | 5,261,030.51 |
| Including: Interest expenses | 16,284,676.62 | |
| Interest income | -3,376,552.77 | |
| Loss from asset impairment | ||
| Loss from credit impairment | ||
| Add: Other income | ||
| Income from investment (enter "-" for loss) | 48,706,678.30 | 46,361,937.23 |
| Including: Income from | -6,465,030.50 | -4,250,907.89 |
investment in joint ventures or associates
| investment in joint ventures or associates | ||
| Net exposure hedge income (enter "-" for loss) | ||
| Income from change of fair value (enter "-" for loss) | ||
| Income from asset disposal (enter "-" for loss) | ||
| II. Operating profit (enter "-" for loss) | 37,601,898.49 | 44,459,117.59 |
| Add: Non-operating revenue | 488,166.99 | 561,600.03 |
| Less: Non-operating expenses | 41,873.20 | 13,788.00 |
| III. Total profit (enter "-" for total loss) | 38,048,192.28 | 45,006,929.62 |
| Less: Income tax | 11,009,555.74 | 11,366,905.21 |
| IV. Net profit (enter "-" for net loss) | 27,038,636.54 | 33,640,024.41 |
| (I) Net profit from continuing operations (enter "-" for net loss) | 27,038,636.54 | 33,640,024.41 |
| (II) Net profit from discontinuing operations (enter "-" for net loss) | ||
| V. Net of tax of other comprehensive incomes | -184.27 | -49.05 |
| (I) Other comprehensive incomes not to be reclassified into gains and losses | ||
| 1. Changes of the re-measured defined benefit plans | ||
| 2. Other comprehensive incomes not to be reclassified into gains and losses under the equity method | ||
| 3. Changes in fair value of other equity instruments investment | ||
| 4. Changes in fair value of the enterprise's own credit risk | ||
| 5. Others | ||
| (II) Other comprehensive incomes to be reclassified into gains and losses | -184.27 | -49.05 |
| 1. Other comprehensive incomes to be reclassified into gains and losses under the equity method | -184.27 | -49.05 |
| 2. Changes in fair value of other debt investments |
3. Gains and losses fromchanges of fair value of theavailable-for-sale financial assets
| 3. Gains and losses from changes of fair value of the available-for-sale financial assets | ||
| 4. Amount of financial assets reclassified into other comprehensive income | ||
| 5. Held-to-maturity investments categorized as gains and losses from the available-for-sale financial assets | ||
| 6. Provision for impairment of other debt investment credit | ||
| 7. Cash flow hedge reserve | ||
| 8. Foreign currency translation differences | ||
| 9. Others | ||
| VI. Total comprehensive income | 27,038,452.27 | 33,639,975.36 |
| VII. Earnings per share | ||
| 1. Basic earnings per share | ||
| 2. Diluted earnings per share |
5. Consolidated Cash Flow Statement
Unit: Yuan
| Item | Amount incurred in the current period | Amount incurred in the previous period |
| I. Cash flow from operating activities: | ||
| Cash received from sales of goods and rendering of services | 288,094,199.99 | 386,113,295.26 |
| Net increase in deposits from customers and interbank | ||
| Loans from central bank | ||
| Net increase in loans from other banks | ||
| Cash received from premium of the original insurance contract | ||
| Net cash received from reinsurance business | ||
| Net increase in the deposit of the insured and investments |
Net increase in financial assetsmeasured by fair value with changesincluded in current gains and losses
| Net increase in financial assets measured by fair value with changes included in current gains and losses | ||
| Cash received from interest, handling charges and commissions | 371,052.26 | 4,661,395.77 |
| Net increase in loans from other banks | ||
| Net increase in redemption capital | ||
| Net cash received from acting trading securities | ||
| Tax refunds | ||
| Other cash received from operating activities | 85,403,184.28 | 162,307,155.67 |
| Subtotal of cash inflow from operating activities | 373,868,436.53 | 553,081,846.70 |
| Cash paid for goods and service | 104,282,449.76 | 244,997,988.68 |
| Net increase in loans to customers and advances | -16,784,988.00 | |
| Net increase in deposits with central bank and interbank | ||
| Cash paid for indemnity payment of the original insurance contract | ||
| Net increase in financial assets held for trading purposes | ||
| Net increase in lending funds | ||
| Cash paid for interest, handling charges and commissions | 15,359.20 | |
| Cash paid as insurance dividends | ||
| Cash paid to and on behalf of employees | 74,373,921.08 | 78,163,795.83 |
| Taxes paid | 37,114,103.27 | 70,845,921.44 |
| (1) Other cash received from operating activities | 168,220,603.93 | 177,009,103.88 |
| Subtotal of cash outflow in operating activities | 383,991,078.04 | 554,247,181.03 |
| Net cash flow from operating activities | -10,122,641.51 | -1,165,334.33 |
| III. Cash flow from financing activities: | ||
| Cash received from disposal of investments | 355,042,739.73 | 359,690,000.00 |
Cash received from returns oninvestments
| Cash received from returns on investments | 58,464,069.12 | 52,184,734.09 |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | ||
| Net cash received from disposal of subsidiaries and other business units | -3,394,971.91 | |
| Other cash received from financing activities | 79,263.84 | |
| Subtotal of cash inflow from financing activities | 413,506,808.85 | 408,559,026.02 |
| Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | 4,150,185.67 | 32,963,785.60 |
| Cash paid for investment | 793,128,340.34 | 350,880,000.00 |
| Net increase in mortgage loans | ||
| Net cash paid for acquisition of subsidiaries and other business units | ||
| Other cash paid for investment activities | 78,250.87 | |
| Subtotal of cash outflow in financing activities | 797,278,526.01 | 383,922,036.47 |
| Net cash flow arising from financing activities | -383,771,717.16 | 24,636,989.55 |
| III. Cash flow from financing activities: | ||
| Cash received from absorbing investment | 980,000.00 | |
| Including: Cash received by subsidiaries from investment of minority shareholders | ||
| Borrowings received | 250,000,000.00 | 152,000,000.00 |
| Cash received from bond issue | ||
| Other cash received from financing activities | 15,000,000.00 | |
| Subtotal of cash inflow from financing activities | 250,000,000.00 | 167,980,000.00 |
| Cash paid for debt repayment | 375,632,579.00 | 281,320,347.76 |
| Cash paid for dividend and profit | 8,805,931.09 | 12,986,315.44 |
distribution or interest payment
| distribution or interest payment | ||
| Including: Dividends and profit paid by subsidiaries to minority shareholders | ||
| Other cash paid for financing activities | 4,238,250.00 | |
| Subtotal of cash outflow in financing activities | 384,438,510.09 | 298,544,913.20 |
| Net cash flow arising from financing activities | -134,438,510.09 | -130,564,913.20 |
| IV. Influence of exchange rate fluctuation on cash and cash equivalents | ||
| V. Net increase of cash and cash equivalents | -528,332,868.76 | -107,093,257.98 |
| Add: Opening balance of cash and cash equivalents | 1,758,470,572.74 | 951,482,605.92 |
| VI. Closing balance of cash and cash equivalents | 1,230,137,703.98 | 844,389,347.94 |
6. Cash Flow Statement of the Parent Company
Unit: Yuan
| Item | Amount incurred in the current period | Amount incurred in the previous period |
| I. Cash flow from operating activities: | ||
| Cash received from sales of goods and rendering of services | 14,920,675.13 | 16,362,940.86 |
| Tax refunds | ||
| Other cash received from operating activities | 133,005,791.11 | 102,294,007.13 |
| Subtotal of cash inflow from operating activities | 147,926,466.24 | 118,656,947.99 |
| Cash paid for goods and service | 7,910,812.48 | 13,935,879.77 |
| Cash paid to and on behalf of employees | 8,210,460.43 | 9,029,567.41 |
| Taxes paid | 1,218,697.98 | 2,240,849.30 |
| Other cash received from operating activities | 173,302,675.36 | 125,336,391.41 |
| Subtotal of cash outflow in operating activities | 190,642,646.25 | 150,542,687.89 |
| Net cash flow from operating activities | -42,716,180.01 | -31,885,739.90 |
II. Cash flow from financing activities:
| II. Cash flow from financing activities: | ||
| Cash received from disposal of investments | 40,000,000.00 | 180,000,000.00 |
| Cash received from returns on investments | 54,667,639.02 | 51,024,186.69 |
| Net cash received from disposal of fixed assets, intangible assets and other long-term assets | ||
| Net cash received from disposal of subsidiaries and other business units | ||
| Other cash received from financing activities | ||
| Subtotal of cash inflow from financing activities | 94,667,639.02 | 231,024,186.69 |
| Cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets | 114,000.00 | |
| Cash paid for investment | 260,000,000.00 | 105,000,000.00 |
| Net cash paid for acquisition of subsidiaries and other business units | ||
| Other cash paid for investment activities | ||
| Subtotal of cash outflow in financing activities | 260,000,000.00 | 105,114,000.00 |
| Net cash flow arising from investment activities | -165,332,360.98 | 125,910,186.69 |
| III. Cash flow from financing activities: | ||
| Cash received by absorbing investment | ||
| Borrowings received | 250,000,000.00 | 152,000,000.00 |
| Cash received from bond issue | ||
| Other cash received from financing activities | 17,546,666.67 | 1,963,333.34 |
| Subtotal of cash inflow from financing activities | 267,546,666.67 | 153,963,333.34 |
| Cash paid for debt repayment | 310,000,000.00 | 200,000,000.00 |
| Cash paid for dividend and profit distribution or interest payment | 6,256,774.15 | 6,088,791.66 |
| Other cash paid for financing activities | 100,000,000.00 | 4,000,000.00 |
Subtotal of cash outflow in financingactivities
| Subtotal of cash outflow in financing activities | 416,256,774.15 | 210,088,791.66 |
| Net cash flow arising from financing activities | -148,710,107.48 | -56,125,458.32 |
| IV. Influence of exchange rate fluctuation on cash and cash equivalents | ||
| V. Net increase of cash and cash equivalents | -356,758,648.47 | 37,898,988.47 |
| Add: Opening balance of cash and cash equivalents | 971,376,038.87 | 104,463,125.70 |
| VI. Closing balance of cash and cash equivalents | 614,617,390.40 | 142,362,114.17 |
II. Adjustments to Financial Statements
1. Adjustments in first implementation of new standards for financial instruments, new standards forincome, and new standards for lease, and first implementation of financial statements at the beginning ofthe year
√ Applicable □ Not applicableConsolidated Balance Sheet Statement
Unit: Yuan
| Item | December 31, 2018 | January 1, 2019 | Amount of adjustment |
| Current assets: | |||
| Monetary funds | 1,757,492,816.67 | 1,757,492,816.67 | |
| Deposit reservation for balance | |||
| Loans to other banks | |||
| Trading financial assets | Not applicable | ||
| Financial assets measured by fair value with changes included in current gains and losses | Not applicable | ||
| Derivative financial assets | |||
| Notes receivable and accounts receivable | 54,426,228.11 | 54,426,228.11 | |
| Including: Notes receivable | |||
| Accounts receivable | 54,426,228.11 | 54,426,228.11 | |
| Advances | 2,701,718.53 | 2,701,718.53 | |
| Premiums receivable |
Reinsurance accountsreceivable
| Reinsurance accounts receivable | |||
| Reinsurance deposit receivable | |||
| Other accounts receivable | 115,570,683.93 | 115,570,683.93 | |
| Including: Interest receivable | 1,063,684.93 | 1,063,684.93 | |
| Dividends receivable | 2,000,000.00 | 2,000,000.00 | |
| Redemptory monetary capital for resale | |||
| Inventory | 2,670,294,017.74 | 2,670,294,017.74 | |
| Contract assets | Not applicable | ||
| Held-for-sale assets | |||
| Non-current assets due within one year | |||
| Other current assets | 468,083,201.09 | 468,083,201.09 | |
| Total current assets | 5,068,568,666.07 | 5,068,568,666.07 | |
| Non-current assets: | |||
| Loans and advances issued | |||
| Debt investment | Not applicable | ||
| Financial assets available for sale | 34,069,679.99 | Not applicable | -34,069,679.99 |
| Other debt investment | Not applicable | ||
| Held-to-maturity investment | Not applicable | ||
| Long-term receivables | 19,000,000.00 | 19,000,000.00 | |
| Long-term equity investment | 172,684,147.74 | 172,684,147.74 | |
| Other equity instrument investment | Not applicable | 34,069,679.99 | 34,069,679.99 |
| Other non-current financial assets | Not applicable | ||
| Investment properties | 1,412,916,851.46 | 1,412,916,851.46 | |
| Fixed assets | 59,351,351.90 | 59,351,351.90 | |
| Construction in progress | 151,214,015.76 | 151,214,015.76 | |
| Productive biological assets | |||
| Oil & gas assets | |||
| Right-of-use assets | Not applicable | ||
| Intangible assets | 32,471,556.32 | 32,471,556.32 | |
| Development expenses |
Goodwill
| Goodwill | |||
| Long-term expenses to be amortized | 73,769,436.90 | 73,769,436.90 | |
| Deferred income tax assets | 56,931,280.75 | 56,931,280.75 | |
| Other non-current assets | 47,032,751.31 | 47,032,751.31 | |
| Total non-current assets | 2,059,441,072.13 | 2,059,441,072.13 | |
| Total assets | 7,128,009,738.20 | 7,128,009,738.20 | |
| Current liabilities: | |||
| Short-term borrowing | 520,000,000.00 | 520,000,000.00 | |
| Loans from central bank | |||
| Loans from other banks | |||
| Trading financial liabilities | Not applicable | ||
| Financial liabilities measured by fair value with changes included in current gains and losses | Not applicable | ||
| Derivative financial liabilities | |||
| Notes payable and accounts payable | 293,130,435.56 | 293,130,435.56 | |
| Advances from customers | 692,811,462.75 | 692,811,462.75 | |
| Financial assets sold for repurchase | |||
| Deposits from customers and interbank | |||
| Acting trading securities | |||
| Acting underwriting securities | |||
| Payroll payable | 44,065,725.59 | 44,065,725.59 | |
| Taxes payable | 121,045,597.93 | 121,045,597.93 | |
| Other payables | 1,021,673,905.77 | 1,021,673,905.77 | |
| Including: Interest payable | 4,943,712.80 | 4,943,712.80 | |
| Dividends payable | 4,196,371.01 | 4,196,371.01 | |
| Service charges and commissions payable | |||
| Reinsurance accounts payable | |||
| Contract liabilities | Not applicable | ||
| Held-for-sale liabilities | |||
| Non-current liabilities due | 272,569,415.58 | 272,569,415.58 |
within one year
| within one year | |||
| Other current liabilities | |||
| Total current liabilities | 2,965,296,543.18 | 2,965,296,543.18 | |
| Non-current liabilities: | |||
| Insurance deposit | |||
| Long-term borrowing | 748,250,000.00 | 748,250,000.00 | |
| Bonds payable | 787,752,107.90 | 787,752,107.90 | |
| Including: Preferred stock | |||
| Perpetual capital securities | |||
| Lease liabilities | Not applicable | ||
| Long-term payables | |||
| Estimated liabilities | 90,254,503.10 | 90,254,503.10 | |
| Deferred income | 6,732,529.57 | 6,732,529.57 | |
| Deferred income tax liabilities | 79,875,150.30 | 79,875,150.30 | |
| Other non-current liabilities | |||
| Total non-current liabilities | 1,712,864,290.87 | 1,712,864,290.87 | |
| Total liabilities | 4,678,160,834.05 | 4,678,160,834.05 | |
| Owners' equity: | |||
| Share capital | 1,235,656,249.00 | 1,235,656,249.00 | |
| Other equity instruments | |||
| Including: Preferred stock | |||
| Perpetual capital securities | |||
| Capital reserve | 156,892,820.25 | 156,892,820.25 | |
| Less: Treasury shares | |||
| Other comprehensive income | 91,765.66 | 91,765.66 | |
| Surplus reserve | 152,762,534.98 | 152,762,534.98 | |
| General risk provision | |||
| Undistributed profits | 322,477,846.55 | 322,477,846.55 | |
| Total owners' equity attributable to the parent company | 1,867,881,216.44 | 1,867,881,216.44 | |
| Minority shareholders' equity | 581,967,687.71 | 581,967,687.71 | |
| Total owners' equity | 2,449,848,904.15 | 2,449,848,904.15 | |
| Total liabilities and owners' equity | 7,128,009,738.20 | 7,128,009,738.20 |
Notes to adjustmentsIn 2017, the ministry of finance issued the revised "accounting standards for enterprises no. 22 - recognition and measurement of
financial instruments", "the accounting standards for enterprises no. 23 - transfer of financial assets", "the accounting standards forenterprises no. 24 - hedging accounting" and "accounting standards for enterprises no. 37 - presentation of financial instruments(generally referred to as the" new financial instruments standards "), and new financial instruments accounting standards shall enterinto force as of January 1, 2019 for domestic listed companies. According to the new financial instrument standards, the companywill hold the equity investment designated as fair value measurement and its changes into other comprehensive income ofnon-trading equity instrument investment, financial statements to other equity instrument investment.Balance Sheet Statement of the Parent Company
Unit: Yuan
Item
| Item | December 31, 2018 | January 1, 2019 | Amount of adjustment |
| Current assets: | |||
| Monetary funds | 971,108,422.35 | 971,108,422.35 | |
| Trading financial assets | Not applicable | ||
| Financial assets measured by fair value with changes included in current gains and losses | Not applicable | ||
| Derivative financial assets | |||
| Notes receivable and accounts receivable | 217,360.00 | 217,360.00 | |
| Including: Notes receivable | |||
| Accounts receivable | 217,360.00 | 217,360.00 | |
| Advances | |||
| Other accounts receivable | 1,098,488,672.67 | 1,098,488,672.67 | |
| Including: Interest receivable | |||
| Dividends receivable | 2,000,000.00 | 2,000,000.00 | |
| Inventory | |||
| Contract assets | Not applicable | ||
| Held-for-sale assets | |||
| Non-current assets due within one year | |||
| Other current assets | 4,172,729.68 | 4,172,729.68 | |
| Total current assets | 2,073,987,184.70 | 2,073,987,184.70 | |
| Non-current assets: | |||
| Debt investment | Not applicable | ||
| Financial assets available for sale | 33,515,392.83 | Not applicable | -33,515,392.83 |
| Other debt investment | Not applicable |
Held-to-maturity investment
| Held-to-maturity investment | Not applicable | ||
| Long-term receivables | 9,000,000.00 | 9,000,000.00 | |
| Long-term equity investment | 1,326,039,288.79 | 1,326,039,288.79 | |
| Other equity instrument investment | Not applicable | 33,515,392.83 | 33,515,392.83 |
| Other non-current financial assets | Not applicable | ||
| Investment properties | 252,842,527.62 | 252,842,527.62 | |
| Fixed assets | 17,786,925.84 | 17,786,925.84 | |
| Construction in progress | |||
| Productive biological assets | |||
| Oil & gas assets | |||
| Right-of-use assets | Not applicable | ||
| Intangible assets | 1,671,913.78 | 1,671,913.78 | |
| Development expenses | |||
| Goodwill | |||
| Long-term expenses to be amortized | 9,404,881.96 | 9,404,881.96 | |
| Deferred income tax assets | 1,673,932.41 | 1,673,932.41 | |
| Other non-current assets | 39,560.00 | 39,560.00 | |
| Total non-current assets | 1,651,974,423.23 | 1,651,974,423.23 | |
| Total assets | 3,725,961,607.93 | 3,725,961,607.93 | |
| Current liabilities: | |||
| Short-term borrowing | 520,000,000.00 | 520,000,000.00 | |
| Trading financial liabilities | Not applicable | ||
| Financial liabilities measured by fair value with changes included in current gains and losses | Not applicable | ||
| Derivative financial liabilities | |||
| Notes payable and accounts payable | 206,374.11 | 206,374.11 | |
| Advances from customers | 22,491,215.88 | 22,491,215.88 | |
| Contract liabilities | Not applicable | ||
| Payroll payable | 5,143,700.56 | 5,143,700.56 | |
| Taxes payable | 4,471,684.00 | 4,471,684.00 | |
| Other payables | 439,491,749.59 | 439,491,749.59 |
Including: Interest payable
| Including: Interest payable | 1,578,179.07 | 1,578,179.07 | |
| Dividends payable | |||
| Held-for-sale liabilities | |||
| Non-current liabilities due within one year | |||
| Other current liabilities | |||
| Total current liabilities | 991,804,724.14 | 991,804,724.14 | |
| Non-current liabilities: | |||
| Long-term borrowing | |||
| Bonds payable | 787,752,107.90 | 787,752,107.90 | |
| Including: Preferred stock | |||
| Perpetual capital securities | |||
| Lease liabilities | Not applicable | ||
| Long-term payables | |||
| Estimated liabilities | |||
| Deferred income | 6,592,529.57 | 6,592,529.57 | |
| Deferred income tax liabilities | |||
| Other non-current liabilities | |||
| Total non-current liabilities | 794,344,637.47 | 794,344,637.47 | |
| Total liabilities | 1,786,149,361.61 | 1,786,149,361.61 | |
| Owners' equity: | |||
| Share capital | 1,235,656,249.00 | 1,235,656,249.00 | |
| Other equity instruments | |||
| Including: Preferred stock | |||
| Perpetual capital securities | |||
| Capital reserve | 231,415,947.36 | 231,415,947.36 | |
| Less: Treasury shares | |||
| Other comprehensive income | -55.90 | -55.90 | |
| Surplus reserve | 152,762,534.98 | 152,762,534.98 | |
| Undistributed profits | 319,977,570.88 | 319,977,570.88 | |
| Total owners' equity | 1,939,812,246.32 | 1,939,812,246.32 | |
| Total liabilities and owners' equity | 3,725,961,607.93 | 3,725,961,607.93 |
Notes to adjustmentsIn 2017, the ministry of finance issued the revised "accounting standards for enterprises no. 22 - recognition and measurement offinancial instruments", "the accounting standards for enterprises no. 23 - transfer of financial assets", "the accounting standards for
enterprises no. 24 - hedging accounting" and "accounting standards for enterprises no. 37 - presentation of financial instruments(generally referred to as the" new financial instruments standards "), and new financial instruments accounting standards shall enterinto force as of January 1, 2019 for domestic listed companies. According to the new financial instrument standards, the companywill hold the equity investment designated as fair value measurement and its changes into other comprehensive income ofnon-trading equity instrument investment, financial statements to other equity instrument investment.
2. Retroactive adjustments of comparative date of previous periods in first implementation of newstandards for financial instruments and new standards for lease
□Applicable √ Not applicable
III. Audit Report
Is the Q1 report audited?□ Yes √ NoThe Q1 report of the Company has not been audited.