Stock code: 000058/200058 Stock abbreviation: SHEN SEG A, SHEN SEG B Notice No.: 2023-021
Shenzhen SEG Co., Ltd.The First Quarterly Report for 2023The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate andcomplete, and there are no false records, misleading statements or material omissions.Important Note:
1. The Board of Directors, the Board of Supervisors and the Directors, Supervisors and senior management guarantee that thequarterly report is true, accurate and complete, without any false records, misleading statements or material omissions, and that theyassume individual and joint legal responsibility.
2. The person in charge of the Company, head of accounting work and head of accounting institution (accounting officer incharge) declare that they guarantee the truthfulness, accuracy and completeness of the financial information in the quarterly report.
3. Whether the First Quarterly Report has been audited or not
□ Yes ? No
I. Main Financial Data
(1) Main accounting data and financial indexes
Are retrospective adjustments made to previous financial statements?
□ Yes ? No
| Current reporting period | Same period last year | Increase/decrease in the current reporting period compared with the same period last year (%) | |
| Operating income (yuan) | 445,269,320.85 | 472,271,888.67 | -5.72% |
| Net profit attributable to shareholders of the listed company (yuan) | 32,905,373.52 | 33,718,455.44 | -2.41% |
| Net profit attributable to shareholders of the listed company after deduction of non-recurring profit and loss (yuan) | 30,118,279.30 | 31,935,930.86 | -5.69% |
| Net amount of cash flow from operating activities (yuan) | -18,380,969.22 | -60,846,435.24 | 69.79% |
| Basic EPS (yuan/share) | 0.0267 | 0.0273 | -2.20% |
| Diluted EPS (yuan/share) | 0.0267 | 0.0273 | -2.20% |
| Weighted average ROE | 1.69% | 1.68% | 0.01% |
| End of the current reporting period | End of the last year | Increase/decrease and the end of the current reporting period compared with the end of last year (%) | |
| Total assets (yuan) | 5,272,552,392.46 | 5,318,741,351.95 | -0.87% |
| Owner's equity attributable to | 1,962,793,968.88 | 1,928,217,155.45 | 1.79% |
shareholders of the listedcompany (yuan)
(2) Item and amount of non-recurring profit and loss
? Applicable □ Not applicable
Unit: RMB/yuan
| Item | Amount in the current reporting period | Note |
| Governmental subsidy included in current profit and loss (excluding the governmental subsidies closely related to the Company's normal operating business that conform to national policies and are enjoyed continuously in accordance with certain standard rating or quota) | 2,353,863.42 | |
| Profit and loss from assets investment or management entrusted to others | 1,873,831.28 | |
| Trustee fee income from entrusted operation | 31,431.50 | |
| Other non-operating income and expense except for the items above | 127,134.43 | |
| Other profit and loss items meeting the definition of non-recurring profit and loss | 157,209.34 | |
| Less: Affected income tax | 1,075,318.47 | |
| Affected minority equity (after-tax) | 681,057.28 | |
| Total | 2,787,094.22 |
Details of other profit and loss items meeting the definition of non-recurring profit and loss a specific any case? Applicable □ Not applicableOther gain/loss items that qualified the definition of non-recurring profit (gains)/losses refer to other income of the Companythat does not belong to governmental subsidy.Description of defining the non-recurring profit and loss items listed in the No.1 Explanatory Notice on the InformationDisclosure by Companies that Issue Securities Publicly—Non-recurring Profit and Loss as non-recurring profit and loss
□ Applicable ? Not applicable
The Company has no circumstance of defining the non-recurring profit and loss items listed in the No.1 Explanatory Notice onthe Information Disclosure by Companies that Issue Securities Publicly—Non-recurring Profit and Loss as non-recurring profit andloss.
(3) Change in main accounting data and financial indexes and the reason
? Applicable □ Not applicable
Change in Main Accounting Data and Financial Indexes
Unit: RMB/yuan
| Item | End balance of the period/amount in the current period | Beginning balance of the period/same period last year | Difference | Increase/decrease at the end of the period/in the current period compared with the beginning of | Reason for difference: |
| the period/same period last year | |||||
| Financing of accounts receivable | 1,044,000.00 | 2,449,408.14 | -1,405,408.14 | -57.38% | Mainly by the decrease in the Company's notes receivable with high credit rating |
| Construction in process | 8,568,692.87 | 32,789,129.20 | -24,220,436.33 | -73.87% | Mainly by the transfer of the Company's construction in process to fixed assets |
| Other current liabilities | 4,554,412.54 | 2,189,029.58 | 2,365,382.96 | 108.06% | Mainly by the increase in the tax on the Company's to-be-wrote-off items |
| Other comprehensive income | -2,902,470.14 | -4,573,910.05 | 1,671,439.91 | 36.54% | Mainly by the change in the fair value of Company's investment of other equity instruments |
| Financial expense | 7,179,023.22 | 13,551,836.72 | -6,372,813.50 | -47.03% | Mainly by the downsizing of the Company's current financing |
| Other income | 2,953,995.38 | 1,020,051.43 | 1,933,943.95 | 189.59% | Mainly by the increase in governmental subsidy received by the Company in the current period |
| Income from investment | -999,436.73 | 891,263.75 | -1,890,700.48 | -212.14% | Mainly by the increase in the Company's joint venture investment loss in the current period |
| Net amount of cash flow from operating activities | -18,380,969.22 | -60,846,435.24 | 42,465,466.02 | 69.79% | Mainly by the year-on-year increase in the Company's cash from selling commodities and offering labor in the current period |
| Net amount of cash flow from investing activities | 34,275,229.56 | 11,662,763.27 | 22,612,466.29 | 193.89% | Mainly by the year-on-year decrease in the net amount of wealth management purchased by the Company in the current period |
| Net amount of cash flow from financing activities | -18,997,237.29 | -29,146,048.02 | 10,148,810.73 | 34.82% | Mainly by the year-on-year increase in bank loan obtained by the Company in the current period |
| Net increase in cash and cash equivalents | -3,102,976.95 | -78,329,719.99 | 75,226,743.04 | 96.04% | Mainly by the increase in the Company's net cash flow from operating activities, investment activities, and financing activities in the current period |
II. Shareholders
(1) Total number of common shareholders and number of preferred shareholders restored with the votingrights, and information on top 10 shareholders
Unit: share
| Total number of common shareholders at the end of the reporting period | 68,915 | Total number of preferred shareholders restored with the voting rights at the end of the reporting period (if any) | 0 | ||||||
| Shareholding on top 10 shareholders | |||||||||
| Shareholder name | Nature of shareholder | Shareholding proportion (%) | Quantity of stock holding | Number of restricted shares held | Shares pledged, tagged or frozen | ||||
| Share status | Quantity | ||||||||
| Shenzhen SEG Group Co., Ltd. | State-owned legal person | 56.54% | 696,163,182.00 | 696,163,182.00 | |||||
| Liu Guocheng | Domestic | 0.60% | 7,396,302.00 | 7,396,302.00 | |||||
| natural person | ||||||||||
| LISHERYNZHANMING | Overseas natural person | 0.46% | 5,681,600.00 | 5,681,600.00 | ||||||
| Liu Guohong | Domestic natural person | 0.30% | 3,656,161.00 | 3,656,161.00 | ||||||
| Gong Qianhua | Overseas natural person | 0.24% | 2,940,000.00 | 2,940,000.00 | ||||||
| Xu Yueying | Domestic natural person | 0.16% | 1,996,800.00 | 1,996,800.00 | ||||||
| Wang Jinjun | Domestic natural person | 0.14% | 1,670,000.00 | 1,670,000.00 | ||||||
| Luo Haijin | Domestic natural person | 0.12% | 1,512,875.00 | 1,512,875.00 | ||||||
| Su Yi | Domestic natural person | 0.12% | 1,490,213.00 | 1,490,213.00 | ||||||
| Zhu Qihua | Domestic natural person | 0.11% | 1,360,000.00 | 1,360,000.00 | ||||||
| Shareholding on top 10 non-restricted shareholders | ||||||||||
| Shareholder name | Number of non-restricted shares held | Stock class | ||||||||
| Stock class | Quantity | |||||||||
| Shenzhen SEG Group Co., Ltd. | 696,163,182.00 | RMB common share | 696,163,182.00 | |||||||
| Liu Guocheng | 7,396,302.00 | Domestic listed foreign shares | 7,396,302.00 | |||||||
| LISHERYNZHANMING | 5,681,600.00 | Domestic listed foreign shares | 5,681,600.00 | |||||||
| Liu Guohong | 3,656,161.00 | Domestic listed foreign shares | 3,656,161.00 | |||||||
| Gong Qianhua | 2,940,000.00 | Domestic listed foreign shares | 2,940,000.00 | |||||||
| Xu Yueying | 1,996,800.00 | Domestic listed foreign shares | 1,996,800.00 | |||||||
| Wang Jinjun | 1,670,000.00 | Domestic listed foreign shares | 1,670,000.00 | |||||||
| Luo Haijin | 1,512,875.00 | Domestic listed foreign shares | 1,512,875.00 | |||||||
| Su Yi | 1,490,213.00 | Domestic listed foreign shares | 1,490,213.00 | |||||||
| Zhu Qihua | 1,360,000.00 | RMB common share | 1,360,000.00 | |||||||
| Explanations on the association relationship or concerted action among the above-mentioned shareholders | Shenzhen Shenzhen SEG Group Co., Ltd has no association with other shareholders, nor it is a concerted action unit as set forth in the Management Methods for Merger of Listed Companies. It is unknown whether other shareholders have an association or are concerted action units or not. | |||||||||
| Description of top 10 shareholders participating in the securities margin trading (if any) | None | |||||||||
(2) Number of preferred shareholders and shares held by top 10 preferred shareholders
□ Applicable ? Not applicable
III. Other Important Events? Applicable □ Not applicable
| Overview | Disclosure date | Website index for interim reports disclosed |
| 1. Reduction of shares of Huakong SEG Co., Ltds and relevant information | January 4, 2023 | "Notice on the Implementation of the Reduction of the Shares of Huakong SEG Co., Ltd." released on Juchao Website (http://www.cninfo.com.cn/) |
| 2. Revision of the Investment Management Regulations | January 19, 2023 | "Notice on the Resolution of the 42nd Interim Meeting of the 8th Board of Directors" released on Juchao Website (http://www.cninfo.com.cn) |
| 3. Progress of the lawsuit involved by the holding sub-subsidiary Shenzhen SEG New Urban Construction Development Co., Ltd. | January 30, 2023 | "Notice on the Progress of the Lawsuit Involved by the Holding Sub-subsidiary" released on Juchao Website (http://www.cninfo.com.cn) |
| March 31, 2023 | "Notice on the Holding Sub-subsidiary Being Sealed up and the Progress of the Lawsuit Involved" released on Juchao Website (http://www.cninfo.com.cn) | |
| 4. Selection of Securities Times, Securities Daily, China Securities Journal and Juchao Website (http://www.cninfo.com.cn) the disclosure media of the Company for year of 2023 | February 9, 2023 | "Notice on the Resolution of the 43rd Interim Meeting of the 8th Board of Directors" released on Juchao Website (http://www.cninfo.com.cn) |
| 5. Appointment of Beijing Zhong Lun (Shenzhen) Law Firm for the Securities Legal Consultation Matters of the Company in 2023 | February 9, 2023 | "Notice on the Resolution of the 43rd Interim Meeting of the 8th Board of Directors" released on Juchao Website (http://www.cninfo.com.cn) |
IV. Quarterly Financial Statement
(1) Financial statement
1. Consolidated Balance Sheet
Prepared by: Shenzhen SEG Co., Ltd.
Unit: RMB/yuan
| Item | End. balance | Beg. balance |
| Current assets: | ||
| Monetary funds | 992,702,702.67 | 994,421,369.42 |
| Provision for settlement | ||
| Lending funds | ||
| Trading financial assets | 129,584,096.66 | 180,868,562.15 |
| Derived financial assets | ||
| Notes receivable | 9,022,127.00 | 11,884,758.88 |
| Accounts receivable | 320,802,675.86 | 315,473,245.43 |
| Financing of accounts receivable | 1,044,000.00 | 2,449,408.14 |
| Prepayment | 8,846,245.13 | 12,325,876.18 |
| Premium receivable | ||
| Reinsurance accounts receivable | ||
| Provision of cession receivable | ||
| Other receivables | 71,949,979.79 | 65,860,699.46 |
| Including: Interests receivable | ||
| Dividends receivable |
| Redemptory monetary capital for sale | ||
| Inventory | 1,690,296,042.51 | 1,701,453,879.37 |
| Contract assets | 28,654,072.42 | 28,654,072.42 |
| Held-for-sale assets | ||
| Non-current assets due within one year | ||
| Other current assets | 67,037,561.34 | 55,893,058.63 |
| Total current assets | 3,319,939,503.38 | 3,369,284,930.08 |
| Non-current assets: | ||
| Loans issued and advance in cash | ||
| Investment of creditor's rights | ||
| Other investment of creditor's rights | ||
| Long-term receivables | 23,041,000.99 | 22,809,517.85 |
| Long-term equity investment | 140,192,124.81 | 143,465,403.43 |
| Investment of other equity instruments | 30,115,337.05 | 27,897,499.04 |
| Other non-current financial assets | ||
| Investment real estate | 968,142,189.77 | 952,807,956.49 |
| Fixed assets | 299,647,342.28 | 259,816,845.31 |
| Construction in process | 8,568,692.87 | 32,789,129.20 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-to-use assets | 207,388,991.32 | 227,361,597.84 |
| Intangible assets | 22,822,453.72 | 23,324,088.29 |
| Development expenditure | ||
| Goodwill | 70,827,727.55 | 70,827,727.55 |
| Long-term unamortized expenses | 27,290,599.09 | 28,439,474.89 |
| Deferred income tax assets | 73,610,820.63 | 74,217,722.21 |
| Other non-current assets | 80,965,609.00 | 85,699,459.77 |
| Total non-current assets | 1,952,612,889.08 | 1,949,456,421.87 |
| Total assets | 5,272,552,392.46 | 5,318,741,351.95 |
| Current liabilities: | ||
| Short-term loans | 210,181,111.13 | 210,181,111.13 |
| Borrowings from central bank | ||
| Borrowing funds | ||
| Trading financial liabilities | ||
| Derived financial liabilities | ||
| Notes payable | ||
| Accounts payable | 464,256,350.16 | 477,876,252.19 |
| Advance receipts | 156,511,392.17 | 179,935,767.58 |
| Contract liabilities | 37,277,813.44 | 29,676,162.94 |
| Financial assets sold for repurchase | ||
| Deposits from customers and interbank | ||
| Acting trading securities | ||
| Acting underwriting securities | ||
| Payroll payable | 100,535,919.01 | 129,186,534.91 |
| Taxes payable | 140,749,879.18 | 137,628,740.93 |
| Other payables | 802,065,258.07 | 813,507,968.24 |
| Including: Interests payable | ||
| Dividends payable | 23,312,295.44 | 22,493,095.44 |
| Service charge and commission payable | ||
| Reinsurance accounts payable | ||
| Held-for-sale liabilities | ||
| Non-current liabilities due within one year | 105,756,599.81 | 114,282,465.35 |
| Other current liabilities | 4,554,412.54 | 2,189,029.58 |
| Total current liabilities | 2,021,888,735.51 | 2,094,464,032.85 |
| Non-current liabilities | ||
| Provision of insurance contracts | ||
| Long-term loans | 525,788,609.04 | 523,309,490.59 |
| Bonds payable | ||
| Include: preferred stock | ||
| Perpetual bonds | ||
| Lease liabilities | 167,904,670.42 | 178,107,661.75 |
| Long-term payables | 4,820,080.07 | 4,739,253.10 |
| Long-term payroll payable | ||
| Estimated liabilities | 55,155,504.76 | 55,155,504.76 |
| Deferred income | 601,331.70 | 674,341.94 |
| Deferred income tax liabilities | 9,887,349.29 | 10,062,775.57 |
| Other non-current liabilities | ||
| Total non-current liabilities | 764,157,545.28 | 772,049,027.71 |
| Total liabilities | 2,786,046,280.79 | 2,866,513,060.56 |
| Owner's equity: | ||
| Capital stock | 1,231,200,672.00 | 1,231,200,672.00 |
| Other equity instruments | ||
| Include: preferred stock | ||
| Perpetual bonds | ||
| Capital reserve | 165,950,347.39 | 165,950,347.39 |
| Less: Treasury stocks | ||
| Other comprehensive income | -2,902,470.14 | -4,573,910.05 |
| Special reserve | ||
| Surplus reserve | 183,634,506.23 | 183,634,506.23 |
| General risk reserve | ||
| Undistributed profits | 384,910,913.40 | 352,005,539.88 |
| Total owners' equity attributable to the parent company | 1,962,793,968.88 | 1,928,217,155.45 |
| Minority equity | 523,712,142.79 | 524,011,135.94 |
| Total owners' equity | 2,486,506,111.67 | 2,452,228,291.39 |
| Total liabilities and owners' equity | 5,272,552,392.46 | 5,318,741,351.95 |
Legal representative: Zhang Liang Head of accounting work: Xiao Jun Head of accounting institution: Chen Chuan
2. Consolidated Profit Statement
Unit: RMB/yuan
| Item | Amount incurred in this period | Amount incurred in last period |
| I. Total operating income | 445,269,320.85 | 472,271,888.67 |
| Including: Operating income | 445,269,320.85 | 472,271,888.67 |
| Interest revenue | ||
| Premium earned | ||
| Income of service charge and commission | ||
| II. Total operating costs | 384,360,060.26 | 412,551,949.79 |
| Including: Operating costs | 338,171,858.58 | 363,737,649.96 |
| Interest expense | ||
| Expense of service charge and commission | ||
| Surrender value | ||
| Net payments for insurance claims | ||
| Net withdrawal of policy reserve |
| Bond insurance expense | ||
| Reinsurance expense | ||
| Taxes and surcharges | 7,040,648.41 | 6,499,941.12 |
| Selling expense | 5,154,703.97 | 5,878,491.73 |
| Administration expense | 24,608,077.82 | 21,241,288.41 |
| R&D expense | 2,205,748.26 | 1,642,741.84 |
| Financial expense | 7,179,023.22 | 13,551,836.72 |
| Include: Interest expense | 8,937,348.65 | 15,683,958.32 |
| Interest revenue | 4,618,117.49 | 2,293,466.16 |
| More: Other income | 2,953,995.38 | 1,020,051.43 |
| Income from investment ("–" means loss) | -1,399,447.34 | 891,263.75 |
| Include: Income from investment in joint ventures and cooperative enterprises | -3,273,278.62 | -1,172,249.30 |
| Income from financial asset derecognition measured at amortized cost | ||
| Exchange gains ("– "means loss) | ||
| Net income from exposed hedge ("– "means loss) | ||
| Income from fair value change ("–" means loss) | ||
| Credit impairment loss ("–" means loss) | 1,400.00 | 1,940.00 |
| Assets impairment loss ("–" means loss) | ||
| Income from assets disposal ("–" means loss) | ||
| III. Operating profits ("–" means loss) | 62,465,208.63 | 61,633,194.06 |
| More: Non-operating income | 804,286.03 | 337,759.21 |
| Less: Non-operating expense | 677,151.60 | 53,837.73 |
| IV. Total profits ("–" means loss) | 62,592,343.06 | 61,917,115.54 |
| Less: Income tax | 19,737,901.29 | 20,472,080.83 |
| V. Net profits ("–" means loss) | 42,854,441.77 | 41,445,034.71 |
| (1) By operation continuity | ||
| 1. Net profits from continuous operation ("–" means loss) | 42,854,441.77 | 41,445,034.71 |
| 2. Net profits from operation termination ("–" means loss) | ||
| (2) By attribution of ownership | ||
| 1. Net profit attributable to the owner of parent company | 32,905,373.52 | 33,718,455.44 |
| 2. Minority profit and loss | 9,949,068.25 | 7,726,579.27 |
| VI. After-tax net amount of other comprehensive income | 1,663,378.51 | 25,941.98 |
| After-tax net amount of other comprehensive income attributable to the owner of parent company | 1,671,439.91 | 17,272.17 |
| (1) Other comprehensive income that cannot be reclassified into profit and loss | 1,671,439.91 | 17,272.17 |
| 1. Remeasured variation of defined benefit plan | ||
| 2. Other comprehensive income that cannot be transferred into profit and loss under the Equity Law | ||
| 3. Change in the fair value of other investment of equity instruments | 1,671,439.91 | 17,272.17 |
| 4. Change in the fair value of the enterprise's credit risk | ||
| 5. Others | ||
| (2) Other comprehensive income to be reclassified into profit and loss | ||
| 1. Other comprehensive income that can be transferred into profit and loss under the Equity Law | ||
| 2. Change in the fair value of other investments of creditor's rights | ||
| 3. Amount of financial asset reclassified to other comprehensive income | ||
| 4. Impairment provision for other investment of creditor's rights | ||
| 5. Cash flow hedge reserve | ||
| 6. Difference of translation of foreign currency financial statements | ||
| 7. Others | ||
| After-tax net amount of other comprehensive income attributable to minority shareholders | -8,061.40 | 8,669.81 |
| VII. Total comprehensive income | 44,517,820.28 | 41,470,976.69 |
| Total comprehensive income attributable to the owner of parent company | 34,576,813.43 | 33,735,727.61 |
| Total comprehensive income attributable to minority shareholders | 9,941,006.85 | 7,735,249.08 |
| VIII. Earnings per share: | ||
| (1) Basic earnings per share | 0.0267 | 0.0273 |
| (2) Diluted earnings per share | 0.0267 | 0.0273 |
In the case of a business merger under the same control in the current period, the net income realized by the party being mergedbefore the merger was RMB 0.00 and the net income realized by the party being merged in the previous period was RMB 0.00.
Legal representative: Zhang Liang Head of accounting work: Xiao Jun Head of accounting institution: Chen Chuan
3. Consolidated Cash Flow Statement
Unit: RMB/yuan
| Item | Amount incurred in this period | Amount incurred in last period |
| I. Cash flow from operating activities: | ||
| Cash from selling commodities and offering labor | 443,160,330.36 | 395,959,276.93 |
| Net increase in deposits from customers and interbank | ||
| Net increase in borrowings from central bank | ||
| Net increase in loans from other banks | ||
| Cash from premium of original |
| insurance contract | ||
| Net cash from reinsurance business | ||
| Net increase in insurance policy holder's savings and investment | ||
| Cash from interests, service charge and commission | ||
| Net increase in borrowing funds | ||
| Net increase in repurchase business | ||
| Net cash from acting trading securities | ||
| Refund of tax and fee received | 1,183,473.36 | 1,021,164.70 |
| Other cash received related to operating activities | 66,937,283.93 | 67,761,540.57 |
| Subtotal of cash inflow from operating activities | 511,281,087.65 | 464,741,982.20 |
| Cash paid for commodities and labor | 181,208,188.82 | 170,811,283.46 |
| Net increase in customer loan and advance in cash | ||
| Net increase in borrowings from central bank and interbank | ||
| Cash paid for the compensation of original insurance contract | ||
| Net increase in lending funds | ||
| Cash paid for interests, service charge and commission | ||
| Cash paid for policy dividend | ||
| Cash paid to and for employees | 199,103,710.22 | 178,203,981.37 |
| Taxes and feeds paid | 46,468,466.68 | 59,820,455.80 |
| Other cash paid related to operating activities | 102,881,691.15 | 116,752,696.81 |
| Subtotal of cash outflow from operating activities | 529,662,056.87 | 525,588,417.44 |
| Net amount of cash flow from operating activities | -18,380,969.22 | -60,846,435.24 |
| II. Cash flow from investing activities: | ||
| Cash received from disposal of investments | 93,800,000.00 | 141,900,000.00 |
| Cash received from return on investments | 1,873,831.18 | 2,096,568.00 |
| Net amount of cash received from disposal of fixed assets, intangible assets and other long-term assets | 1,300.00 | |
| Net amount of cash received from disposal of subsidiaries and other business entities | ||
| Other cash received related to investing activities | ||
| Subtotal of cash inflow from investing activities | 95,675,131.18 | 143,996,568.00 |
| Cash paid to acquire fixed assets, intangible assets and other long-term assets | 18,899,901.62 | 9,333,804.73 |
| Cash paid to acquire investments | 42,500,000.00 | 123,000,000.00 |
| Net increase in pledge loan |
| Net amount of cash paid to acquire subsidiaries and other business entities | ||
| Other cash paid related to investing activities | ||
| Subtotal of cash outflow from investing activities | 61,399,901.62 | 132,333,804.73 |
| Net amount of cash flow from investing activities | 34,275,229.56 | 11,662,763.27 |
| III. Cash flow from financing activities: | ||
| Cash received from capital contribution | ||
| Including: Cash received by subsidiaries from absorbing minority shareholders' investment | ||
| Cash received from borrowings | 16,576,185.81 | 5,047,789.00 |
| Other cash received related to financing activities | ||
| Subtotal of cash inflow from financing activities | 16,576,185.81 | 5,047,789.00 |
| Cash paid to repay debts | 12,876,250.00 | 21,574,709.02 |
| Cash paid to distribute dividends and profits or pay interests | 18,640,686.32 | 10,268,294.66 |
| Including: Dividend and profit paid by subsidiaries to minority shareholders | 10,240,000.00 | |
| Other cash paid related to financing activities | 4,056,486.78 | 2,350,833.34 |
| Subtotal of cash outflow from financing activities | 35,573,423.10 | 34,193,837.02 |
| Net amount of cash flow from financing activities | -18,997,237.29 | -29,146,048.02 |
| IV. Effect of foreign exchange changes on cash and cash equivalents | ||
| V. Net increase in cash and cash equivalents | -3,102,976.95 | -78,329,719.99 |
| More: Beginning balance of cash and cash equivalents | 987,346,307.91 | 1,091,838,138.56 |
| VI. Ending balance of cash and cash equivalents | 984,243,330.96 | 1,013,508,418.57 |
(2) Audit Report
Whether the First Quarterly Report has been audited or not
□ Yes ? No
The First Quarterly Report is not audited.
Board of Directors of Shenzhen SEG Co., Ltd.
April 27, 2023