Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. Shenzhen SEG Co., Ltd.
2015 Q1 Report
2015-022
April 2015
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. Chapter 1 Important Notes
The Board of Directors and Board of Supervisors of the Company, its directors, supervisors and senior executives shall guarantee the authenticity, accuracy, and completeness of this quarterly report and no existence of false record, misleading statement or major omission and meanwhile, and shall assume individual and/or joint liabilities.
All the directors have attended this board meeting reviewing this quarterly report.
Wang Li, the person in charge of the Company, Liu Zhijun, the person in charge of the accounting work, and Ying Huadong, the responsible person of the accounting institution (accountant in charge) hereby declare that the Financial Statements enclosed in this quarterly report are true, accurate and complete.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. Chapter 2 Change of the Major Financial Data and Shareholders I. Major Accounting Data and Financial Indexes
Are retrospective adjustments made to previous financial statements due to accounting policy changes or accounting errors?□ Yes√ No
|||||
|-|-|-|-|
|||The same period of the|Year-on-year|
||Amount of this report period|||
|||previous year|increase/decrease|
|Operating revenue (Yuan)|191,029,218.56|145,841,677.48|30.98%|
|Net profit attributable to shareholders of|21,348,553.12|22,449,590.92||
||||-4.90%|
|the listed company (Yuan)||||
|Net profit attributable to shareholders of||||
|the listed company after deduction of|21,168,892.76|22,292,348.81|-5.04%|
|non-recurring gains and losses (Yuan)||||
|Net cash flow arising from operating|-37,829,627.54|103,593.07||
||||-36,617.53%|
|activities (Yuan)||||
|Basic EPS (Yuan/Share)|0.0272|0.0286|-4.90%|
|Diluted EPS (Yuan/Share)|0.0272|0.0286|-4.90%|
|Weighted average ROE|1.63%|1.80%|-0.17%|
||Amount at end of this report|Amount at end of the|Year-on-year|
||period|previous year|increase/decrease|
|Total assets (Yuan)|2,548,913,984.04|2,659,717,718.28|-4.17%|
|Net assets attributable to shareholders of|1,320,384,119.37|1,298,970,719.85||
||||1.65%|
|the listed company (Yuan)||||

Items of non-recurring profit and loss and related amounts:
√ Applicable□ Not applicable
Unit: Yuan
||||
|-|-|-|
||The amount from the||
|Item|beginning of this year to the|Remarks|
||end of this report period||
|||Special funds for development of|
|||the biological, Internet and new|
|Government subsidies recorded into current gains and losses||energy businesses gained from|
|(except those closely related with corporate business and enjoyed|206,014.06|Shenzhen Municipal People's|
|according to national standards or certain quota)||Government and Special funds of|
|||emerging strategic development|
|||from Shenzhen Municipal|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
||The amount from the||
|Item|beginning of this year to the|Remarks|
||end of this report period||
|||People's Government|
|Other non-operating income and expenses except the|||
||87,606.53||
|above-mentioned items|||
|Less: Amount of affected income tax|14,729.27||
|Amount of influence of minority shareholders’ equity (after|||
||99,230.96||
|tax)|||
|Total|179,660.36|--|

An explanation shall be made with regard to the Company's considerations for defining non-recurring profit and loss according to the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public— Non-recurring Profit and Loss and the reason of classifying the non-recurring profit and loss listed in this announcement as recurring.
□ Applicable√ Not applicable
In this report period, it does not happen that the company defines the non-recurring profit and loss items defined or listed by Interpretive Bulletin No. 1 on Information Disclosure by Companies Publicly Issuing Securities— Non-recurring Gains and Losses as recurring profit and loss items.
II. Total Number of Shareholders and Shareholding Information of Top Ten Shareholders at the End of this Report Period
1. Total Number of Ordinary Shareholders and Shareholding Information of Top Ten Ordinary
Shareholders at the End of this Report Period
Unit: Share
||||||||
|-|-|-|-|-|-|-|
|Total number of ordinary|||||||
|shareholders at the end of this report||49,827|||||
|period|||||||
|Information of the top 10 ordinary shareholders|||||||
|||||Quantity of|Information on pledged or frozen||
|Name of|Nature of|Shareholding|||||
||||Total shares|restricted shares|shares||
|shareholder|shareholder|percentage|||||
|||||held|Share status|Quantity|
|Shenzhen SEGGroup Co., Ltd.|State-owned legalperson|30.24%|237,359,666|0|||
||||||Frozen|83,679,833|
|Zeng Ying|Domestic naturalperson|1.02%|8,040,826|0|||
|||||||0|
|Phillip Securities(Hong Kong)Groups|Overseas legalperson|0.86%|6,716,223|0|||
|||||||0|
|Liu Guocheng|Domestic natural|0.85%|6,691,302|0||0|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
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|-|-|-|-|-|-|-|
||person||||||
|Gong Qianhua|Overseas naturalperson|0.61%|4,819,020|0|||
|||||||0|
|China MerchantsSecurities (HongKong) Co., Ltd.|Overseas legalperson|0.50%|3,927,131|0|||
|||||||0|
|Liu Guohong|Domestic naturalperson|0.39%|3,092,441|0|||
|||||||0|
|XiamenInternationalTrust Co., Ltd –Rongzhi No.1SecuritiesInvestmentPortfolio CapitalTrust Plan|Others|0.39%|3,080,400|0|||
|||||||0|
|MinmetalsInternationalTrust Co., Ltd –Minmetals Trust– RUIZHIJINQUSecuritiesInvestmentPortfolio CapitalTrust Plan|Others|0.34%|2,653,932|0|||
|||||||0|
|XiamenInternationalTrust Co., Ltd –Zhenda No.1New StructuredSecuritiesInvestmentPortfolio CapitalTrust Plan|Others|0.29%|2,301,400|0|||
|||||||0|
|Information on top ten ordinary shareholders of non-restricted shares|||||||
||||||Type of share||
|Name of shareholder||Quantity of unrestricted ordinary shares held|||||
||||||Type of share|Quantity|
|Shenzhen SEG Group Co., Ltd.||237,359,666|||RMB ordinary||
|||||||237,359,666|
||||||shares||
|Zeng Ying||8,040,826|||Domestically||
|||||||8,040,826|
||||||listed foreign||

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
|||||
|-|-|-|-|
|||shares||
|Phillip Securities (Hong Kong)Groups|6,716,223|Domestically||
|||listed foreign|6,716,223|
|||shares||
|Liu Guocheng|6,691,302|Domestically||
|||listed foreign|6,691,302|
|||shares||
|Gong Qianhua|4,819,020|Domestically||
|||listed foreign|4,819,020|
|||shares||
|China Merchants Securities (HongKong) Co., Ltd.|3,927,131|Domestically||
|||listed foreign|3,927,131|
|||shares||
|Liu Guohong|3,092,441|Domestically||
|||listed foreign|3,092,441|
|||shares||
|Xiamen International Trust Co., Ltd– Rongzhi No.1 SecuritiesInvestment Portfolio Capital TrustPlan|3,080,400|||
|||RMB ordinary||
||||3,080,400|
|||shares||
|Minmetals International Trust Co.,Ltd – Minmetals Trust –RUIZHIJINQU SecuritiesInvestment Portfolio Capital TrustPlan|2,653,932|||
|||RMB ordinary||
||||2,653,932|
|||shares||
|Xiamen International Trust Co., Ltd– Zhenda No.1 New StructuredSecurities Investment PortfolioCapital Trust Plan|2,301,400|||
|||RMB ordinary||
||||2,301,400|
|||shares||
|Explanations on the association|Shenzhen SEG Group Co., Ltd. (hereinafter called "SEG ") has no associated relationship with|||
|relationship or concerted action|other shareholders, nor is it a concerted action unit as described by the Management Methods|||
|among the above-mentioned|for Disclosure of Information on Changes of Shareholding Status of Shareholders of Listed|||
|shareholders|Companies. It is unknown whether other shareholders are concerted action units or not.|||
|Information of top ten ordinary||||
|shareholders participating in|None|||
|financing business (if any)||||

Whether the top ten ordinary shareholders of the Company or top ten ordinary shareholders of non-restricted shares conducted agreed repurchase transactions in the reporting period?
□ Yes√ No
The top ten ordinary shareholders of the Company or top ten ordinary shareholders of non-restricted shares did not conduct agreed
repurchase transactions in the reporting period.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. 2. Total Number of Preferential Shareholders and Information of Top Ten Preferential Shareholders at the End of this Report Period
□ Applicable√ Not applicable
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. Chapter 3 Significant Events
I. Particulars and explanations of changes in main items of accounting statements and
financial indexes in this report period
√ Applicable□ Not applicable
Unit: Yuan
(I) Items on the Consolidated Balance Sheet
||||||
|-|-|-|-|-|
|Item|Closing balance|Opening balance|Difference|Increase/decrease of thecurrent year comparedwith that of the previousyear (%)|
|Monetary funds|203,963,874.32|383,056,680.70|-179,092,806.38|-46.75%|
|Notes receivable|169,071.26|84,618.08|84,453.18|99.81%|
|Other accounts receivable|52,052,452.08|95,366,156.27|-43,313,704.19|-45.42%|
|Inventory|364,491,597.78|278,281,586.72|86,210,011.06|30.98%|
|Intangible assets|1,114,680.21|655,587.54|459,092.67|70.03%|
|Other non-current assets|0.00|4,655,063.54|-4,655,063.54|-100.00%|
|Accounts payable|125,313,980.20|200,129,651.92|-74,815,671.72|-37.38%|
|Payroll payable|10,192,924.79|18,858,843.33|-8,665,918.54|-45.95%|
|Interest payable|14,810,834.00|10,295,250.65|4,515,583.35|43.86%|
|Retained earnings|27,648,352.53|6,299,799.41|21,348,553.12|338.88%|

 1. The monetary capitals decreased by RMB 179.09 million Yuan compared with the period-beginning amount, with a decrease of46.75%. Mainly due to:
① Part of capitals are used for the loads delivery of the small load business.
② Part of capitals are put into the Nantong SEG Times Square project.
2. The Notes receivable increased by RMB 80,000 Yuan compared with the period-beginning amount, with an increase of99.81%. The increase is mainly because the subsidiary received the rent from the merchants by means of bank acceptance bill at the end of this report period.
3. The other receivables decreased by RMB 43.31 million Yuan compared with the period-beginning amount,
with an decrease of45.42%. The decrease is mainly because the subsidiary Xi'an Fengdong New Town SEG
Times Square Properties Co., Ltd (Xi'an Fengdong SEG for short) recovered the land auction margin within this
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. report period.
4. The inventory increased by RMB 86.21 million Yuan compared with period-beginning amount, with an increase of30.98%. The increase is mainly because the subsidiary Nantong SEG invested the construction of the Nantong SEG Times Square project.
5. The intangible assets increased by RMB 460,000 Yuan compared with period-beginning amount, with an increase of70.03%. The increase is mainly because the Company purchased the financial software within this report period.
6. Other current assets decreased by RMB 4.66 million Yuan compared with the period-beginning amount, with a decrease of100.00%. The decrease is mainly because of the carry-over of related asset projects of the prepaid software and project funds in the previous year within this report period.
7. The accounts payable decreased by RMB 74.82 million Yuan compared with the period-beginning amount, with a decrease of37.38%. The decrease is mainly because the subsidiary Shenzhen SEG E-Commerce Co., Ltd (SEG E-commerce for short) decreased the amount purchased and settled the account payable with the suppliers within this report period.
8. The wages payable decreased by RMB 8.67 million Yuan compared with the period-beginning amount, with a decrease of45.95%. The decrease is mainly because part of wages and bonuses for the previous year withdrawn within this report period.
9. Interests payable increased by RMB 4.52 million Yuan compared with the period-beginning amount, with an increase of43.86%. The increase is mainly because that the accrued interest of the short-term bonds released by the Company increased within this report period.
10. Undistributed profits increased by RMB 21.35 million Yuan compared with the period-beginning amount, with an increase of338.88%. The increase is mainly because the net profits of the parent company increased within this report period.
(II) Items in the Consolidated Profit Statement
||||||
|-|-|-|-|-|
|Item|Amount incurred in thisreport period|Amount incurred in theprevious period|Difference|Increase/decrease ofthe current yearcompared with thatof the previous year(%)|
|Operating income|191,029,218.56|145,841,677.48|45,187,541.08|30.98%|
|Service charges and commissionsincome|26,296.11|16,833.81|9,462.30|56.21%|
|Operating cost|142,109,576.55|107,920,992.72|34,188,583.83|31.68%|
|Interest expenses|2,066,755.56|912,972.23|1,153,783.33|126.38%|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||||
|-|-|-|-|-|
|Financial cost|4,943,864.72|-1,957,187.32|6,901,052.04|---|
|Loss from asset impairment|744,585.68|0.00|744,585.68|---|
|Investment income|2,736,686.86|5,202,783.84|-2,466,096.98|-47.40%|
|Non-operating expenses|23,408.91|103,735.57|-80,326.66|-77.43%|

 1. The operating income increased by RMB 45.19 million Yuan over the same period of last year, with an increase of30.98%. The increase is mainly because the trading revenue of subsidiary Shenzhen SEG Industrial Investment Co., Ltd (hereinafter referred to as SEG Industry) increased.
2. The Service charges and commissions income increased by RMB 10,000 Yuan over the same period of last year, with an increase of56.21%. The increase is mainly because the loan commissions of subsidiary Shenzhen SEG Credit Co., Ltd (hereinafter referred to as SEG Credit) increased.
3. The operating cost increased by RMB 34.19 million Yuan over the same period of last year, with an increase of31.68%. The increase is mainly because the business costs of subsidiary SEG Industry increased together with the increased business income.
4. The interest expenses increased by RMB 1.15 million Yuan over the same period of last year, with an increase of126.38%. The increase is mainly because the loan interest expenses of subsidiary SEG Credit increased with the increased bank loans.
5. The financial expenses increased by RMB 6.9 million Yuan over the same period of last year. The increase is mainly because the interest expenses of the short-term financing and bank loans of the Company and the subsidiaries increased.
6. The losses from asset impairment increased by RMB 740,000 Yuan over the same period of last year. The increase is mainly because the loan balance released by SEG Credit increased and the provision for loan losses preparation increased accordingly.
7. The investment income decreased by RMB 2.47 million Yuan over the same period of last year, with a decrease of47.40%. The decrease is mainly because the maturity of bank financial products was centralized over the same period of last year, and therefore there were larger financial gains; in this report period, the maturity of bank financial products was separated, and therefore there were less financial gains.
8. The non-operating expenses decreased by RMB 80,000 Yuan over the same period of last year, with a decrease of77.43%. The decrease is mainly because the compensation expenses paid by the Company to the merchants decreased within this report period.
(III) Items in the Consolidated Cash Flow Statement
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
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|-|-|-|-|-|
|Item|Amount incurred inthis report period|Amount incurred in theprevious period|Difference|Increase/decrease of thecurrent year comparedwith that of theprevious year (%)|
|Cash received from interest andcommissions|18,488,846.37|13,197,482.98|5,291,363.39|40.09%|
|Tax refunds|88,433,998.57|3,563,641.53|84,870,357.04|2381.56%|
|Other cash received relating to operatingactivities|153,340,389.27|112,183,330.08|41,157,059.19|36.69%|
|Net increase of loans to customers andadvances|36,505,671.00|-29,550,762.00|66,056,433.00|----|
|Cash paid for interest, service chargesand commissions|4,773.87|237,331.00|-232,557.13|-97.99%|
|Taxes paid|21,844,523.26|38,018,451.62|-16,173,928.36|-42.54%|
|Cash received from investment income|4,548,451.09|7,441,599.94|-2,893,148.85|-38.88%|
|Cash paid for purchase and constructionof fixed assets, intangible assets andother long-term assets|2,231,465.50|3,729,911.54|-1,498,446.04|-40.17%|
|Borrowings received|80,000,000.00|31,000,000.00|49,000,000.00|158.06%|
|Cash paid for repayment of debts|59,246,687.38|45,000,000.00|14,246,687.38|31.66%|
|Cash paid for distribution of dividendsand profit or repayment of interest|2,705,734.42|1,324,064.01|1,381,670.41|104.35%|
|Other cash paid relating to financingactivities|59,712,120.18|0.00|59,712,120.18|----|

1. Cash from charging interests, procedure fee, and commission increased by RMB 5.29 million Yuan over the same period of last year, with an increase of40.09%. The increase is mainly because the loan scale of the subsidiary SEG Credit increased and the interests from the small loan increased within this report period.
2. The tax refunds increased by RMB 84.87 million Yuan over the same period of last year, with an increase of2381.56%. The increase is mainly because the export tax rebates received by subsidiary SEG E-Commerce for the supply chain services increased within this report period.
3. Other cash received relating to operating activities increased by RMB 41.16 million Yuan over the same period of last year, with an increase of36.69%. The increase is mainly because the settlement amount of subsidiary SEG E-Commerce for the supply chain services increased within this report period.
4. The net increase of loans to customers and advances increased by RMB 66.06 million Yuan over the same
period of last year. The increase is mainly because the scale of loans released by the subsidiary SEG Credit
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. increased within this report period.
5. The cash paid for interest and commissions decreased by RMB 230,000 Yuan over the same period of last year, with a decrease of97.99%. The decrease is mainly because the expired bank loans of subsidiary SEG Credit decreased within this report period and the corresponding paid interest expenses decreased accordingly.
6. The taxes paid decreased by RMB 16.17 million Yuan over the same period of last year, with a decrease of42.54%. The decrease is mainly because the VAT levied by the Company's electronics markets for the merchants decreased within this report period.
7. The cash received from investment income decreased by RMB 2.89 million Yuan over the same period of last year, with a decrease of38.88%. The decrease is mainly because the maturity of bank financial products was centralized over the same period of last year, and therefore there were larger financial gains; in this report period, the maturity of bank financial products was separated, and therefore there were less financial gains.
8. The cash paid for purchase and construction of fixed assets, intangible assets and other long-term assets decreased by RMB 1.5 million Yuan over the same period of last year, with a decrease of40.17%. The decrease is mainly because the renovation and decoration expenses of the Company's electronics markets decreased within this report period.
9. The cash received from borrowings increased by RMB 49 million Yuan over the same period of last year, with an increase of158.06%. The increase is mainly because the new bank loans of the Company increased within this report period.
10. The cash paid for repayment of debts increased by RMB 14.25 million Yuan over the same period of last year, with an increase of31.66%. The increase is mainly because the bank loans repaid by the Company increased within this report period.
11. The cash paid for distribution of dividends and profit or repayment of interest increased by RMB 1.38 million Yuan over the same period of last year, with an increase of104.35%. The increase is mainly because the bank loans increased and the interest expenses increased accordingly.
12. The cash paid relating to other financing activities increased by RMB 59.71 million Yuan over the same period of last year. The increase is mainly because the SEG E-Commerce paid the lending funds within this report period.
II. Progress of important events, relevant influence and analysis and explanation of solutions√ Applicable□ Not applicable
(I) Related transactions related to daily operation
On March 26, 2015, the
6th
Meeting of the
6th
Board of Directors approved that, in 2015, in order to meet the needs of developing the business of electronics market, the Company shall lease part of the eight floor of SEG Plaza estate from its controlling shareholder, SEG Group, as the warehouse for the Company's business tenants.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. During the lease term, the Company should pay rent and property management fee to SEG Group. With related directors avoided in the voting, the Board of Directors agreed that, for the year of 2015, the Company can have intercompany transactions on estate lease with SEG Group based on the market fair value within the limit of RMB 1.2 million Yuan. (The event can be referred to in the Public Notice on the Resolutions of the
6th
Provisional Meeting of the
6th
Board of Directors of Shenzhen SEG Co., Ltd. and the Public Notice of Shenzhen SEG Co., Ltd. on Estimated Matters Related to Daily Related Transactions Relating to Operating Activities in 2015 disclosed on the China Securities Journal, the Securities Times, the Securities Daily, the Hong Kong Commercial Daily and the Cninfo Website on March 28, 2015).
Within this report period, the company shall totally pay RMB 273,500 Yuan for the rent and the property management fee to SEG.
(II) Internal control implementation
In this report period, the Company carried out the 2014 internal control self-evaluation. The Self-evaluation Report of Shenzhen SEG Co., Ltd on the Internal Control in 2014 was disclosed on the Cninfo Website on March 28, 2015, which was filed and deliberated and adopted at the
6th
Meeting of the
6th
Board of Directors. The Company hired Da Hua Certified Public Accountants (Special General Partnership) to conduct the 2014 internal control audit, which issued the Audit Report of Shenzhen SEG Co., Ltd on the Internal Control numbered as DA HUA NEI ZI[2015] 000057. The Report holds that the Company has maintained effective internal financial control in every major aspect in accordance with the Basic Standard for Enterprise Internal Control and relevant rules and regulations on December 31, 2014. The Audit Report was disclosed on the Cninfo Website on March 28, 2015.
(III) Major lawsuits
1. On February 4, 2013, Suzhou SEG Electronics Market Management Co., Ltd. (hereinafter referred to as “Suzhou SEG”) signed with Suzhou Rail Transit Group Co., Ltd. (hereinafter referred to as “Rail Transit Group”) the Lease Contract of Underground Large Space Commerce of Guangji Road (S) along No. 1 Line of Suzhou Rail Transit, under which it is agreed that Suzhou SEG leases the underground large space of Guangji Road (S) along the No. 1 Line of Suzhou Rail Transit owned by Suzhou Rail Transit Group, and the lease term is 96 months. After the contract was signed, difficulties occurred in the project operation because of market change. Thus the both parties in cooperation negotiated repeatedly for modifying the conditions of cooperation, however, no agreement on renewed conditions of cooperation could be reached finally. Therefore, this project entered into the
clearing stage at last.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. On January 26, 2015, the Rail Transit Group submitted a case to the court, requesting the latter to order Suzhou SEG to assume the liquidated damages of RMB 2.1 million Yuan and the rents of RMB 0.8 million Yuan for the decoration period and water and electricity consumption of RMB 364231.55 Yuan. The first instance of this case was to be held in Suzhou Gusu DistrictPeople’s Court on March 19, 2015 originally, but the opening of a court session has been delayed due to preparation for litigation. At present this case is just in the stage of waiting for the opening of a court session.
2. On June 29, 2011, theCompany’s controlled subsidiary Shenzhen SEG Industrial Investment Co., Ltd. (hereinafter referred to as “SEG Industry”) signed with Shenzhen Cyber Mart Digital Technology Co., Ltd. (hereinafter referred to as “Cyber Mart”) the Lease Contract, under which SEG Industry leases 240㎡ in total of its shop locating in the annex building of Window of the Times to Cyber Mart, and the duration of the contract is from July 1, 2011 to June 30, 2019. In the late period of the duration, because of various causes including the impact from the construction of Shenzhen Metro along Huaqiang Road (N), and problems occurred in CyberMart’s operation and so on, both parties signed the Supplementary Agreement on February 20, 2014, renewing the conditions on rent and liquidated damages and so on.
In August 2014, SEG Industry received the Notice of Cancelling the Contract and Handing and Taking over the Shop. SEG Industry communicated with Cyber Mart for many times for the issues concerning liquidated damages agreed in the Lease Contract, but no further agreement has been reached. In order to reliably protect its self-interest, SEG Industry decided through internal discussion to entrust the lawyer to carry out the representative action on risk basis. At present, SEG Industry has already entrusted Guangdong Ruiting Law Firm to prosecute Cyber Mart. Now this case was registered at Shenzhen Futian DistrictPeople’s Court on April 15, 2015, and SEG Industry applied for preservative measures on April 16.
||||
|-|-|-|
|||Inquiry index for the websites disclosing the|
|Overview of important events|Disclosure date||
|||temporary reports|
|1. Nantong SEG Times Square obtainedthe pre-sale permit.||The announcement for Nantong SEG Times Square|
||March 20, 2015|Obtained the Pre-sale Permit was disclosed on the|
|||Cninfo Website at http://www.cninfo.com.cn .|
|2. Equity transfer of Shenzhen SEG GroupCo., Ltd||The announcement for Equity Transfer of Shenzhen|
||March 10, 2015|SEG Group Co., Ltd was disclosed on the Cninfo|
|||Website at http://www.cninfo.com.cn .|
|3. Matters concerning the borrowing quota|February 13, 2015|The Public Notice of the Resolution of 21st Interim|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|of additional RMB 300 million Yuan to beprovided to Nantong SEG Times SquareCo., Ltd.||Meeting of 6th Board of Directors disclosed by the|
|||Company on the Cninfo Website at|
|||http://www.cninfo.com.cn .|
|4. Matters concerning the modification ofregistered capital of the subsidiary FShenzhen SEG E-commerce Co., Ltd.||The Public Notice of the Modification of Registered|
|||Capital of the Controlled Subsidiary Shenzhen SEG|
||ebruary 13, 2015||
|||E-commerce Co., Ltd. disclosed by the Company on|
|||the Cninfo Website at http://www.cninfo.com.cn .|

 III. Commitments made by the Company or the shareholders holding more than5% shares, which were made in or lasted into the reporting period
√ Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
||Promisor|Content|Commitmentdate|Commitmentterm||
|Commitments|||||Fulfillment|
||Notapplicable|||||
|Commitment for share reform||||||
|Commitments in the|Notapplicable|||||
|Acquisition Report and the||||||
|Report of Changes on Equity||||||
|Commitments made at the|Notapplicable|||||
|time of restructuring of major||||||
|assets||||||
||ShenzhenSEG GroupCo., Ltd.|In accordance with Article 5 ofEquity Transfer Agreement signedbetween the Company and SEGGroup, SEG group agrees: theCompany and its affiliates and jointventures can use the eighttrademarks of SEG Groupregistered in China TrademarkOffice; the Company can use theabove-mentioned trademark andsimilar marks as the Company'smark and can use them in operatingactivities; the Company does notneed to pay SEG Group for use ofthe above-mentioned trademarks ormarks.|July 01, 1996|Long-term||
||||||Commitments|
|Commitment made at the time||||||
||||||were fulfilled in|
|of initial public offerings or||||||
||||||this report|
|refinancing||||||
||||||period.|
||SEG Group|For the problem that there remainedhorizontal competition in the sametrade between the Company andSEG Group indicated in spot|September 14,2007|Long-term|Commitments|
|Other commitments||||||
||||||were fulfilled in|
|(including additional||||||
||||||this report|
|commitments)||||||
||||||period.|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
|||||||||
|-|-|-|-|-|-|-|-|
||Promisor||Commitmentdate|Commitmentterm||||
|Commitments||Content|||Fulfillment|||
|||inspection by Shenzhen Securities||||||
|||Supervisory Bureau, the Company||||||
|||received written Commitment Letter||||||
|||from SEG Group on September 14,||||||
|||2007 and the content was as||||||
|||follows: our Group has similar||||||
|||business in Shenzhen electronic||||||
|||market with Shenzhen SEG Co.,||||||
|||Ltd. (Shenzhen SEG), and the||||||
|||business was resulted by history and||||||
|||it has objective market development||||||
|||background. Our Group hereby||||||
|||promises that we will not||||||
|||individually operate a market in a||||||
|||same city whose business is similar||||||
|||with that of Shenzhen SEG.||||||
|||The 6th interim meeting of the|January 26,2011|FromFebruary 1,2011 toJanuary 31,2015, totallyfive years,and thecontract wasexpiredwithin thisreportperiod.||||
|||5th Board of Directors held on||||||
|||January 26, 2011 reviewed and||||||
|||approved the Proposal of Solving||||||
||||||Commitments|||
|||the Horizontal Competition between||||||
||||||were fulfilled in|||
|||the Company and Its Controlling||||||
||||||this report|||
|||Shareholder. After friendly||||||
||||||period.|The||
|||consultation, SEG Group agreed to||||||
||||||renewed|||
|||entrust the Company to operate and||||||
||||||Entrusted|||
|||manage with full authority SEG||||||
||||||Operation|||
|||Communications Market under||||||
||||||Contract to be|||
|||direct management of SEG Group.||||||
||||||renewed is|||
|||Therefore, the two parties have||||||
||||||being unde||r|
|||signed the entrustment operation||||||
||||||negotiation|||
|||and management contract, and SEG||||||
||||||right now.|||
|||Group will pay the Company RMB||||||
|||200,000 Yuan as entrust||||||
|||management expenses.||||||
|Other commitments made to|Notapplicable|||||||
|the medium and small||||||||
|shareholders of the Company||||||||
|Whether commitments were|Yes|||||||
|fulfilled on time||||||||

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
|||||||
|-|-|-|-|-|-|
||Promisor|Content|Commitment|Commitmentterm|Fulfillment|
|Commitments||||||
||||date|||
|Reason for not fulfilling the|N/A|||||
|commitments and future plan||||||
|(if applicable)||||||

IV. Estimation of the Business Performance from January to June in 2015
Warning and reasons for forecasts on loss of the accumulated net profit from the year beginning to the end of next period or sharp year-on-year changes in net profit
□ Applicable√ Not applicable
V. Investment in securities
√ Applicable□ Not applicable
|||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|
|||Short|||||Share-holding|||||
||||The initial|Shares held|Initial|Shares held|||Gains and|||
|Stock|Stock|form of|||||proportion at|Ending book||Accounting|Source of|
||||investment cost|at period|shareholding|at period|||losses in this|||
|type|code|the|||||period end|value||item|shares|
||||(Yuan)|beginning|percentage|end|||report period|||
|||security|||||(%)|||||
|||||||||||Financial||
|||Youhao||||||||assets|Initial|
|Share|600778||90,405.00|60,683|0.04%|60,683|0.04%|684,504.24|0.00|||
|||Group||||||||available|share|
|||||||||||for sale||
|||||||||||Long-term||
|||Huakong|||||||||Initial|
|Share|000068||279,307,046.38|201,345,033|22.45%|201,345,033|20.00%|76,357,109.46|-2,166,299.37|equity||
|||SEG|||||||||share|
|||||||||||investment||
|Total|||279,397,451.38|201,405,716|--|201,405,716|--|77,041,613.70|-2,166,299.37|--|--|

 VI. Equity of other listed companies held by the Company
□ Applicable√ Not applicable
The Company does not hold the equity of other listed companies within this report period.
VII. Investment in derivatives
□ Applicable√ Not applicable
No investment in derivatives is involved within this report period.
Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. VIII. Registration form for investigations, communication and Interviews in the reporting period
√ Applicable□ Not applicable
|||||||
|-|-|-|-|-|-|
||||||Main content of discussion and the materials|
|Time|Place|Means|Type|Object||
||||||provided|
||||||Asked about the results of 29.51% equity listed for|
||||||transfer. The company answered that no related|
||At the||||information about the SEG Group equity transfer was|
|January 9, 2015||Phone call|Individual use|Investor||
||Company||||received. For details, please focus on the real-time|
||||||notifications on the Shenzhen Stock Exchange|
||||||website.|
||||||Asked whether the Company has an owned enterprise|
||At the||||reform program. The Company answered that no|
|January 12, 2015||Phone call|Individual use|Investor||
||Company||||formal notice from the parent unit has been received|
||||||yet.|
||||||Asked about the results of 29.51% equity listed for|
||||||transfer. The company answered that no related|
||At the||||information about the SEG Group equity transfer was|
|January 14, 2015||Phone call|Individual use|Investor||
||Company||||received. For details, please focus on the real-time|
||||||notifications on the Shenzhen Stock Exchange|
||||||website.|
||||||Inquired why the share of the Company is not|
||At the||||appreciated? The Company provided the basic|
|January 15, 2015||Phone call|Individual use|Investor||
||Company||||information and regularly disclosed reports of the|
||||||Company.|
||||||Inquired when Nantong SEG Times Square can|
||||||obtain the pre-sale permit. The Company answered|
||At the|||||
|January 22, 2015||Phone call|Individual use|Investor|that currently the Company was promoting the related|
||Company|||||
||||||matters and will disclose the related information|
||||||when the pre-sale permit was received.|
||||||Inquired when Nantong SEG Times Square can|
||||||obtain the pre-sale permit. The Company answered|
||At the|||||
|January 26, 2015||Phone call|Individual use|Investor|that currently the Company was promoting the related|
||Company|||||
||||||matters and will disclose the related information|
||||||when the pre-sale permit was received.|
||||||Asked why the Huakong SEG Co., Ltd was|
||At the||||suspended. The Company suggested the investor to|
|January 29, 2015||Phone call|Individual use|Investor||
||Company||||consult the information from the board secretary|
||||||office.|
||At the||||Asked why the Huakong SEG Co., Ltd was|
|January 30, 2015||Phone call|Individual use|Investor||
||Company||||suspended. The Company suggested the investor to|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
|||||||
|-|-|-|-|-|-|
||||||Main content of discussion and the materials|
|Time|Place|Means|Type|Object||
||||||provided|
||||||consult the information from the board secretary|
||||||office.|
||||||Inquired the number of shareholders till January 31.|
||||||The Company answered that releasing the register of|
||At the|||||
|February 1, 2015||Phone call|Individual use|Investor|shareholders of B shares requires T+3 working days|
||Company|||||
||||||and therefore the corresponding information cannot|
||||||be provided.|
||||||Inquired the number of shareholders till January 31.|
||At the|||||
|February 4, 2015||Phone call|Individual use|Investor|The Company provided the information released by|
||Company|||||
||||||the Securities Depository and Clearing Corporation.|
||||||Inquired the specific operating conditions in Q1. The|
||At the|||||
|February 5, 2015||Phone call|Individual use|Investor|Company suggested the investor to focus the 2015|
||Company|||||
||||||Q1 Report to be disclosed soon.|
||||||Inquired when Nantong SEG Times Square can|
||||||obtain the pre-sale permit. The Company answered|
||At the|||||
|February 10, 2015||Phone call|Individual use|Investor|that currently the Company was promoting the related|
||Company|||||
||||||matters and will disclose the related information|
||||||when the pre-sale permit was received.|
||||||Inquired when Nantong SEG Times Square can|
||||||obtain the pre-sale permit. The Company answered|
||At the|||||
|February 13, 2015||Phone call|Individual use|Investor|that currently the Company was promoting the related|
||Company|||||
||||||matters and will disclose the related information|
||||||when the pre-sale permit was received.|
||||||Inquired the time for disclosing the annual report.|
||At the|||||
|March 9, 2015||Phone call|Individual use|Investor|The Company answered that the annual report was to|
||Company|||||
||||||be disclosed on March 28, 2015.|
||||||Inquired the number of shareholders till February 28.|
||At the|||||
|March 10, 2015||Phone call|Individual use|Investor|The Company provided the information released by|
||Company|||||
||||||the Securities Depository and Clearing Corporation.|
||||||Inquired the specific operating conditions in Q1. The|
||At the|||||
|March 13, 2015||Phone call|Individual use|Investor|Company suggested the investor to focus the 2015|
||Company|||||
||||||Q1 Report to be disclosed soon.|
||||||Inquired the number of shareholders till March 15.|
||At the|||||
|March 17, 2015||Phone call|Individual use|Investor|The Company provided the information released by|
||Company|||||
||||||the Securities Depository and Clearing Corporation.|
||||||Inquired the specific operating conditions in Q1. The|
||At the|||||
|March 24, 2015||Phone call|Individual use|Investor|Company suggested the investor to focus the 2015|
||Company|||||
||||||Q1 Report to be disclosed soon.|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet
Prepared by: Shenzhen SEG Co., Ltd.
March 31, 2015
Unit: Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
|Monetary funds|203,963,874.32|383,056,680.70|
|Deposit reservation for balance|||
|Loans to banks and other financial institutions|30,000,000.00|30,000,000.00|
|Financial assets measured by fair value and whose|||
|change was counted into current gains and losses|||
|Derivative financial assets|||
|Notes receivable|169,071.26|84,618.08|
|Accounts receivable|148,239,499.27|185,866,040.16|
|Advances|95,949,905.16|94,633,317.07|
|Premiums receivable|||
|Reinsurance accounts receivable|||
|Reinsurance deposit receivable|||
|Interest receivable|||
|Dividends receivable|||
|Other accounts receivable|52,052,452.08|95,366,156.27|
|Redemptory monetary capital for resale|||
|Inventory|364,491,597.78|278,281,586.72|
|Held-for-sale assets|||
|Non-current assets due within one year|||
|Other current assets|482,352,869.14|443,543,013.49|
|Total current assets|1,377,219,269.01|1,510,831,412.49|
|Non-current assets:|||
|Loans and advances issued|487,878,157.38|452,517,072.06|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Financial assets available for sale|34,479,897.07|34,350,035.45|
|Held-to-maturity investment|||
|Long-term receivables|||
|Long-term equity investment|80,887,352.11|82,100,197.01|
|Investment properties|457,863,195.02|462,562,882.78|
|Fixed assets|40,515,623.33|41,408,298.43|
|Construction in progress|||
|Engineering materials|||
|Disposal of fixed assets|||
|Productive biological assets|||
|Oil & gas assets|||
|Intangible assets|1,114,680.21|655,587.54|
|Development expenses|||
|Goodwill|10,328,927.82|10,328,927.82|
|Long-term expenses to be amortized|48,177,247.93|49,768,678.00|
|Deferred income tax assets|10,449,634.16|10,539,563.16|
|Other non-current assets|0.00|4,655,063.54|
|Total non-current assets|1,171,694,715.03|1,148,886,305.79|
|Total assets|2,548,913,984.04|2,659,717,718.28|
|Current liabilities:|||
|Short-term borrowing|210,000,000.00|189,246,687.38|
|Loans from central bank|||
|Deposits attracted and placement from banks and|||
|other financial institutions|||
|Loans from banks and other financial institutions|||
|Financial liabilities measured by fair value and|||
|whose change was counted into current gains and losses|||
|Derivative financial liabilities|||
|Notes payable|||
|Accounts payable|125,313,980.20|200,129,651.92|
|Advances from customers|160,927,151.92|183,059,311.31|
|Financial assets sold for repurchase|||
|Service charges and commissions payable|||
|Payroll payable|10,192,924.79|18,858,843.33|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Taxes payable|47,955,956.19|39,445,696.47|
|Interest payable|14,810,834.00|10,295,250.65|
|Dividends payable|1,717,882.74|1,717,882.74|
|Other payables|176,947,923.43|244,804,403.06|
|Reinsurance accounts payable|||
|Insurance deposit|||
|Customer brokerage deposits|||
|Securities underwriting brokerage deposits|||
|Held-for-sale liabilities|||
|Non-current liabilities due within one year|||
|Other current liabilities|250,000,000.00|250,000,000.00|
|Total current liabilities|997,866,653.27|1,137,557,726.86|
|Non-current liabilities:|||
|Long-term borrowing|||
|Bonds payable|||
|Including: Preferred stock|||
|Perpetual capital securities|||
|Long-term payables|||
|Payroll payable|||
|Special payables|||
|Estimated liabilities|||
|Deferred income|9,687,556.95|9,705,371.01|
|Deferred income tax liabilities|16,840,777.80|17,085,543.80|
|Other non-current liabilities|||
|Total non-current liabilities|26,528,334.75|26,790,914.81|
|Total liabilities|1,024,394,988.02|1,164,348,641.67|
|Owners' equity:|||
|Share capital|784,799,010.00|784,799,010.00|
|Other equity instruments|||
|Including: Preferred stock|||
|Perpetual capital securities|||
|Capital reserve|404,727,257.72|404,727,257.72|
|Less: Treasury shares|||

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Other comprehensive income|296,663.45|231,817.05|
|Special reserve|||
|Surplus public reserve|102,912,835.67|102,912,835.67|
|General risk provision|||
|Retained earnings|27,648,352.53|6,299,799.41|
|Total owners' equity attributable to the parent company|1,320,384,119.37|1,298,970,719.85|
|Minority shareholders' equity|204,134,876.65|196,398,356.76|
|Total owners' equity|1,524,518,996.02|1,495,369,076.61|
|Total liabilities and owners' equity|2,548,913,984.04|2,659,717,718.28|

 Legal representative: Wang Li Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong 2. Balance sheet of the parent company
March 31, 2015
Unit: Yuan
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Current assets:|||
|Monetary funds|61,879,500.77|204,395,253.65|
|Financial assets measured by fair value and whose|||
|change was counted into current gains and losses|||
|Derivative financial assets|||
|Notes receivable|||
|Accounts receivable|||
|Advances|1,822,948.26||
|Interest receivable|1,259,913.86|897,225.78|
|Dividends receivable|||
|Other accounts receivable|504,329,584.04|410,453,048.03|
|Inventory|663,197.00|786,589.00|
|Held-for-sale assets|||
|Non-current assets due within one year|||
|Other current assets|578,100,000.00|463,590,246.68|
|Total current assets|1,148,055,143.93|1,080,122,363.14|
|Non-current assets:|||
|Financial assets available for sale|33,515,392.83|33,515,392.83|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Held-to-maturity investment|||
|Long-term receivables|||
|Long-term equity investment|350,870,878.35|382,083,723.25|
|Investment properties|292,289,193.27|294,918,970.98|
|Fixed assets|19,425,681.69|19,583,422.45|
|Construction in progress|||
|Engineering materials|||
|Disposal of fixed assets|||
|Productive biological assets|||
|Oil & gas assets|||
|Intangible assets|752,780.50|271,067.06|
|Development expenses|||
|Goodwill|||
|Long-term expenses to be amortized|4,217,103.25|4,589,158.00|
|Deferred income tax assets|8,264,161.37|8,354,062.87|
|Other non-current assets|0.00|1,313,063.54|
|Total non-current assets|709,335,191.26|744,628,860.98|
|Total assets|1,857,390,335.19|1,824,751,224.12|
|Current liabilities:|||
|Short-term borrowing|150,000,000.00|100,000,000.00|
|Financial liabilities measured by fair value and|||
|whose change was counted into current gains and losses|||
|Derivative financial liabilities|||
|Notes payable|||
|Accounts payable|1,500.00|1,500.00|
|Advances from customers|44,407,849.79|65,628,441.87|
|Payroll payable|5,626,997.44|9,907,467.00|
|Taxes payable|28,118,333.94|20,697,003.64|
|Interest payable|14,810,834.00|10,237,500.66|
|Dividends payable|119,803.29|119,803.29|
|Other payables|68,883,278.91|87,202,387.17|
|Held-for-sale liabilities|||
|Non-current liabilities due within one year|||

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|Item|Closing balance|Opening balance|
|Other current liabilities|250,000,000.00|250,000,000.00|
|Total current liabilities|561,968,597.37|543,794,103.63|
|Non-current liabilities:|||
|Long-term borrowing|||
|Bonds payable|||
|Including: Preferred stock|||
|Perpetual capital securities|||
|Long-term payables|||
|Payroll payable|||
|Special payables|||
|Estimated liabilities|||
|Deferred income|9,500,000.00|9,500,000.00|
|Deferred income tax liabilities|||
|Other non-current liabilities|||
|Total non-current liabilities|9,500,000.00|9,500,000.00|
|Total liabilities|571,468,597.37|553,294,103.63|
|Owners' equity:|||
|Share capital|784,799,010.00|784,799,010.00|
|Other equity instruments|||
|Including: Preferred stock|||
|Perpetual capital securities|||
|Capital reserve|405,955,264.44|405,955,264.44|
|Less: Treasury shares|||
|Other comprehensive income|||
|Special reserve|||
|Surplus public reserve|102,912,835.67|102,912,835.67|
|Retained earnings|-7,745,372.29|-22,209,989.62|
|Total owners' equity|1,285,921,737.82|1,271,457,120.49|
|Total liabilities and owners' equity|1,857,390,335.19|1,824,751,224.12|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd. 3. Consolidated profit statement
March, 2015
Unit: Yuan
||||
|-|-|-|
||Amount incurred in this report|Amount incurred in the previous|
|Item|||
||period|period|
|1. Total operating revenue|201,742,250.86|156,296,410.46|
|Including: Operating revenue|191,029,218.56|145,841,677.48|
|Interest income|10,686,736.19|10,437,899.17|
|Earned premiums|||
|Service charges and commissions income|26,296.11|16,833.81|
|2. Total operating cost|164,200,736.22|121,162,948.72|
|Including: Operating cost|142,109,576.55|107,920,992.72|
|Interest expenses|2,066,755.56|912,972.23|
|Commissions|||
|Surrender value|||
|Net compensation pay-outs|||
|Net insurance deposit accrued|||
|Insurance dividends|||
|Reinsurance expenses|||
|Operating tax and surcharges|6,369,343.37|6,288,053.02|
|Sale expenses|459,391.03|381,151.00|
|Management expenses|7,507,219.31|7,616,967.07|
|Financial cost|4,943,864.72|-1,957,187.32|
|Loss from asset impairment|744,585.68|0|
|Income from change of sound value (Loss is marked with|||
|"-")|||
|Income from investment (Loss is marked with "-")|2,736,686.86|5,202,783.84|
|Including: Income from investment in joint ventures|||
|and associated enterprises|-2,088,190.80|-2,238,816.10|
|Income from exchange (Loss is marked with "-")|||
|III. Operating profit (Loss is marked with "-")|40,278,201.50|40,336,245.58|
|Add: Non-operating revenue|317,029.50|378,109.51|
|Including: Gains on disposal of non-current assets|||
|Less: Non-operating expenses|23,408.91|103,735.57|
|Including: Loss from disposal of non-current assets|||

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
||Amount incurred in this report|Amount incurred in the previous|
|Item|||
||period|period|
|IV. Total profit (Total loss is marked with "-")|40,571,822.09|40,610,619.52|
|Less: Income tax|11,519,298.89|10,981,390.41|
|V. Net profit (Net loss is marked with "-")|29,052,523.20|29,629,229.11|
|Net profit attributable to shareholders of the parent|||
||21,348,553.12|22,449,590.92|
|company|||
|Profit and loss of minority shareholders|7,703,970.08|7,179,638.19|
|VI. Net of tax of other comprehensive incomes|97,396.21|-30,038.08|
|Total owners' net of tax of other comprehensive incomes|||
||64,846.40|-19,999.35|
|attributable to the parent company|||
|1. Other comprehensive incomes that cannot be|||
|reclassified into gains and losses|||
|(1) Changes of net liabilities or net assets of the|||
|re-measured defined benefit plans|||
|(2) Shares of the investee of other comprehensive|||
|incomes that cannot be reclassified into gains and losses under|||
|the equity method|||
|2. Other comprehensive incomes that can be categorized|||
||64,846.40|-19,999.35|
|as gains and losses|||
|(1) Shares of the investee of other comprehensive|||
|incomes that can be categorized as gains and losses under the|||
|equity method|||
|(2) Gains and losses from changes of fair value of the|||
||64,846.40|-19,999.35|
|available-for-sale financial assets|||
|(3) Held-to-maturity investments categorized as gains|||
|and losses from the available-for-sale financial assets|||
|(4) Effective gains or loss from cash flows|||
|(5) Translation difference of the financial statements in|||
|foreign currency Less:|||
|(6) Others|||
|Net of tax of other comprehensive incomes attributable to|||
||32,549.81|-10,038.73|
|minority shareholders|||
|VII. Total comprehensive income|29,149,919.41|29,599,191.03|
|Total comprehensive income attributable to shareholders|||
||21,413,399.52|22,429,591.57|
|of the parent company|||
|Total comprehensive income attributable to minority|||
||7,736,519.89|7,169,599.46|
|shareholders|||

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
||Amount incurred in this report|Amount incurred in the previous|
|Item|||
||period|period|
|VIII. Earnings per share|||
|(1) Basic earnings per share|0.0272|0.0286|
|(2) Diluted earnings per share|0.0272|0.0286|

 During the merger of the enterprises under the control of a same entity in this report period, the net profit of the acquired party realized before the merger was: RMB 0.00 Yuan, and net profit of the purchased party realized before the merger in the previous period was: RMB 0.00 Yuan.
Legal representative: Wang Li Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong 4. Profit statement of the parent company
March, 2015
Unit: Yuan
||||
|-|-|-|
||Amount incurred in this report|Amount incurred in the previous|
|Item|||
||period|period|
|I. Operating revenue|32,055,262.64|34,948,805.08|
|Less: Operating cost|12,080,463.34|19,328,224.88|
|Operating tax and surcharges|1,797,527.76|1,949,533.93|
|Sale expenses|||
|Management expenses|2,733,599.16|2,911,191.34|
|Financial cost|3,949,820.68|-4,467,780.55|
|Loss from asset impairment|-400,000.00|0|
|Income from change of sound value (Loss is marked with|||
||0|0|
|"-")|||
|Income from investment (Loss is marked with "-")|7,934,946.64|3,062,605.83|
|Including: Income from investment in joint ventures|||
|and associated enterprises|-2,088,190.80|-2,238,816.10|
|III. Operating profit (Loss is marked with "-")|19,828,798.34|18,290,241.31|
|Add: Non-operating revenue|0.19|5,124.10|
|Including: Gains on disposal of non-current assets|||
|Less: Non-operating expenses|21,350.50|10,270.00|
|Including: Loss from disposal of non-current assets|4,100.50|0|
|IV. Total profit (Total loss is marked with "-")|19,807,448.03|18,285,095.41|
|Less: Income tax|5,342,830.70|5,130,977.88|
|V. Net profit (Net loss is marked with "-")|14,464,617.33|13,154,117.53|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
||Amount incurred in this report|Amount incurred in the previous|
|Item|||
||period|period|
|V. Net of tax of other comprehensive incomes|||
|1. Other comprehensive incomes that cannot be|||
|reclassified into gains and losses|||
|(1) Changes of net liabilities or net assets of the|||
|re-measured defined benefit plans|||
|(2) Shares of the investee of other comprehensive|||
|incomes that cannot be reclassified into gains and losses under|||
|the equity method|||
|2. Other comprehensive incomes that can be categorized|||
|as gains and losses|||
|(1) Shares of the investee of other comprehensive|||
|incomes that can be categorized as gains and losses under the|||
|equity method|||
|(2) Gains and losses from changes of fair value of the|||
|available-for-sale financial assets|||
|(3) Held-to-maturity investments categorized as gains|||
|and losses from the available-for-sale financial assets|||
|(4) Effective gains or loss from cash flows|||
|(5) Translation difference of the financial statements in|||
|foreign currency Less:|||
|(6) Others|||
|VI. Total comprehensive income|14,464,617.33|13,154,117.53|
|VII. Earnings per share|||
|(1) Basic earnings per share|||
|(2) Diluted earnings per share|||

Legal representative: Wang Li Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong 5. Consolidated cash flow statement
March, 2015
Unit: Yuan
||||
|-|-|-|
||Amount incurred in this report|Amount incurred in the previous|
|Item|||
||period|period|
|I. Cash flow from operating activities:|||
|Cash received from sales of goods and rendering of|||
||363,168,639.74|469,413,208.88|
|services|||

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
||Amount incurred in this report|Amount incurred in the previous|
|Item|||
||period|period|
|Net increase in customer bank deposits and placement|||
|from banks and other financial institutions|||
|Net increase in loans from central bank|||
|Net increase in borrowing from other financial institutions|||
|Cash received from premiums of primary insurance|||
|contracts|||
|Net cash received from reinsurance business|||
|Net increase in deposits from policyholders and|||
|investment|||
|Net increase of financial assets measured by fair value and|||
|whose change was counted into current gains and losses|||
|Cash received from interest and commissions|18,488,846.37|13,197,482.98|
|Net increase of loans from banks and other financial|||
|institutions|||
|Net increase of redemption capital|||
|Tax refunds|88,433,998.57|3,563,641.53|
|Other cash received relating to operating activities|153,340,389.27|112,183,330.08|
|Subtotal of cash inflow from operating activities|623,431,873.95|598,357,663.47|
|Cash paid for goods and service|458,011,469.10|463,260,003.61|
|Net increase of loans to customers and advances|36,505,671.00|-29,550,762.00|
|Net increase in deposits with central bank and other|||
|financial institutions|||
|Cash paid for compensation pay-outs of primary insurance|||
|contracts|||
|Cash paid for interest, service charges, and commissions|4,773.87|237,331.00|
|Cash paid as insurance dividends|||
|Cash paid to and on behalf of employees|26,984,453.72|22,492,493.78|
|Taxes paid|21,844,523.26|38,018,451.62|
|Other cash paid relating to operating activities|117,910,610.54|103,796,552.39|
|Subtotal of cash outflow in operating activities|661,261,501.49|598,254,070.40|
|Net cash flow from operating activities|-37,829,627.54|103,593.07|
|II. Cash flows from investing activities:|||
|Cash received from withdrawal of investment|564,986,772.09|609,900,000.00|
|Cash received from investment income|4,548,451.09|7,441,599.94|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
||Amount incurred in this report|Amount incurred in the previous|
|Item|||
||period|period|
|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 relating to investing activities|||
|Subtotal of cash inflow from investing activities|569,535,223.18|617,341,599.94|
|Cash paid for purchase and construction of fixed assets,|||
||2,231,465.50|3,729,911.54|
|intangible assets and other long-term assets|||
|Cash paid for investment|666,902,394.54|553,700,000.00|
|Net increase of mortgage loans|0.00|0.00|
|Net cash paid for acquisition of subsidiaries and other|||
|business units|||
|Other cash paid relating to investing activities|||
|Subtotal of cash outflow in investing activities|669,133,860.04|557,429,911.54|
|Net cash flow from investing activities|-99,598,636.86|59,911,688.40|
|III. Cash flow from financing activities:|||
|Cash received from attraction of investment|||
|Including: Cash received by subsidiaries from investment|||
|of minority shareholders|||
|Borrowings received|80,000,000.00|31,000,000.00|
|Cash received from bond issue|||
|Other cash received relating to financing activities|||
|Subtotal of cash inflow from financing activities|80,000,000.00|31,000,000.00|
|Cash repayments of amounts borrowed|59,246,687.38|45,000,000.00|
|Cash paid for dividend and profit distribution or interest|||
||2,705,734.42|1,324,064.01|
|payment|||
|Including: Dividends and profit paid by subsidiaries to|||
|minority shareholders|||
|Other cash paid relating to financing activities|59,712,120.18|0.00|
|Subtotal of cash outflow in financing activities|121,664,541.98|46,324,064.01|
|Net cash flow arising from financing activities|-41,664,541.98|-15,324,064.01|
|IV. Influence of exchange rate fluctuation on cash and cash|||
||0.00|0.00|
|equivalents|||
|V. Net Increase of cash and cash equivalents|-179,092,806.38|44,691,217.46|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
||Amount incurred in this report|Amount incurred in the previous|
|Item|||
||period|period|
|Add: Opening balance of cash and cash equivalents|382,056,680.70|335,593,493.81|
|VI. Ending balance of cash and cash equivalents|202,963,874.32|380,284,711.27|

 Legal representative: Wang Li Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong 6. Cash flow statement of the parent company
March, 2015
Unit: Yuan
||||
|-|-|-|
||Amount incurred in this report|Amount incurred in the previous|
|Item|||
||period|period|
|I. Cash flow from operating activities:|||
|Cash received from sales of goods and rendering of|||
||20,686,855.63|23,517,116.05|
|services|||
|Tax refunds|||
|Other cash received relating to operating activities|47,259,414.68|51,124,214.57|
|Subtotal of cash inflow from operating activities|67,946,270.31|74,641,330.62|
|Cash paid for goods and service|16,515,352.87|5,127,754.65|
|Cash paid to and on behalf of employees|9,947,346.96|9,607,292.80|
|Taxes paid|10,646,562.67|27,217,282.67|
|Other cash paid relating to operating activities|146,150,832.27|57,766,967.59|
|Subtotal of cash outflow in operating activities|183,260,094.77|99,719,297.71|
|Net cash flow from operating activities|-115,313,824.46|-25,077,967.09|
|II. Cash flows from investing activities:|||
|Cash received from withdrawal of investment|598,500,000.00|523,000,000.00|
|Cash received from investment income|9,556,491.03|5,301,421.93|
|Net cash received from disposal of fixed assets, intangible|||
||400,000.00|0.00|
|assets and other long-term assets|||
|Net cash received from disposal of subsidiaries and other|||
||0.00|0.00|
|business units|||
|Other cash received relating to investing activities|0.00|0.00|
|Subtotal of cash inflow from investing activities|608,456,491.03|528,301,421.93|
|Cash paid for purchase and construction of fixed assets,|||
||8,975.00|361,937.00|
|intangible assets and other long-term assets|||
|Cash paid for investment|683,600,000.00|443,000,000.00|

Full-text of 2015 Q1 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
||Amount incurred in this report|Amount incurred in the previous|
|Item|||
||period|period|
|Net cash paid for acquisition of subsidiaries and other|||
||0.00|0.00|
|business units|||
|Other cash paid relating to investing activities|0.00||
|Subtotal of cash outflow in investing activities|683,608,975.00|443,361,937.00|
|Net cash flow from investing activities|-75,152,483.97|84,939,484.93|
|III. Cash flow from financing activities:|||
|Cash received from attraction of investment|||
|Borrowings received|50,000,000.00|0.00|
|Cash received from bond issue|||
|Other cash received relating to financing activities|||
|Subtotal of cash inflow from financing activities|50,000,000.00|0.00|
|Cash repayments of amounts borrowed|||
|Cash paid for dividend and profit distribution or interest|||
||2,049,444.45|0.00|
|payment|||
|Other cash paid relating to financing activities|||
|Subtotal of cash outflow in financing activities|2,049,444.45|0.00|
|Net cash flow arising from financing activities|47,950,555.55|0.00|
|IV. Influence of exchange rate fluctuation on cash and cash|||
|equivalents|||
|V. Net Increase of cash and cash equivalents|-142,515,752.88|59,861,517.84|
|Add: Opening balance of cash and cash equivalents|204,395,253.65|173,141,378.64|
|VI. Ending balance of cash and cash equivalents|61,879,500.77|233,002,896.48|

 Legal representative: Wang Li Person in charge of accounting: Liu Zhijun Responsible person of the accounting institution: Ying Huadong II. Auditor's Report
Has the first quarterly report been audited?
□ Yes√ No
The Q1 Report has not been audited.