Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd. Shenzhen SEG Co., Ltd.
Q1 2019 Report
Notice 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, the supervisors, and the senior executives guarantee that the quarterly report is authentic, accurate, and complete and that it has no false records, misleading statements or major omissions and they undertake joint and several legal liabilities.
All directors other than the following directors have attended this board meeting to review the annual report.
|||||
|-|-|-|-|
||Position of director not|||
|Name of director not present||Reason for absence|Name of proxy|
||present|||
|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 this quarterly 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
|||||
|-|-|-|-|
||||Year-on-year|
||Amount of the reporting|Amount of the same period||
||||increase/decrease in the|
||period|of the previous year||
||||reporting period|
|Operating revenue (yuan)|376,087,480.56|391,140,155.46|-3.85%|
|Net profit attributable to shareholders of the|60,097,292.93|62,622,931.80||
||||-4.03%|
|listed company (yuan)||||
|Net profit attributable to shareholders of the||||
|listed company after deducting non-recurring|15,160,088.23|27,128,268.89|-44.12%|
|gains and losses (yuan)||||
|Net cash flow arising from operating activities|-10,122,641.51|-1,165,334.33||
|(yuan)||||
|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%|
||||Year-on-year|
||Amount at the end of the|Amount at the end of the||
||||increase/decrease in the|
||reporting period|previous year||
||||reporting period|
|Total assets (yuan)|6,628,767,304.85|7,128,009,738.20|-7.00%|
|Net assets attributable to shareholders of the|1,920,074,451.41|1,867,881,216.44||
||||2.79%|
|listed company (yuan)||||

Items and amount of non-recurring gains and losses
√ Applicable□ Not Applicable
Unit: yuan
||||
|-|-|-|
||Amount from the beginning||
|Item|of year to the end of the|Remarks|
||period||
|Profit or loss on disposal of non-current assets (including the||Income from reduction of|
||55,036,051.26||
|write-off of assets depreciation reserves)||holding-shares of Huakong SEG|
|Government subsidies recognized in current profit or loss (except||Support project fund for the|
|those closely related to corporate business and enjoyed according|474,999.99|construction of Nantong SEG|
|to national standards or certain quota)||electronics market|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|Profit and loss from commissioned investment or asset|||
||4,806,398.41||
|management|||
|Other items conforming to the definition of non-recurring profit|||
||349,538.55||
|and loss|||
|Less: Amount of affected income tax|15,166,747.05||
|Amount of influence of minority shareholders' equity (after|||
||563,036.46||
|tax)|||
|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 the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Securities to the Public - Non-recurring Profit and Loss and the reason of classifying the non-recurring profit and loss listed in this announcement as recurring.
□ Applicable√ Not applicable
In the reporting period, no item of non-recurring profit and loss defined and listed according to the Explanatory Announcement No. 1 on Information Disclosure by Companies Offering Securities to the Public— Non-recurring Profit and Loss is defined as an item of recurring profit and loss.
II. Total number of shareholders and shares held by top 10 shareholders at the end of the reporting period
1. Total number of ordinary shareholders and preferred shareholders restored with voting rights and shares held by top 10 shareholders
Unit: Share
||||||||||
|-|-|-|-|-|-|-|-|-|
||||||Total number of preferred||||
|Total number of ordinary shareholders at|||||||||
|||70,146|||shareholders restored with the||0||
|the end of the reporting period|||||||||
||||||voting rights (if any)||||
|Shares held by top 10 shareholders|||||||||
|||||||Quantity of|Information on pledged or frozen||
||Nature of||Proportion of||||||
|Name of shareholder||||Shares held||restricted|shares||
||shareholder||shareholding||||||
|||||||shares held|Share status|Quantity|
|Shenzhen SEG GroupCo., Ltd.|State-owned legalperson||56.70%|700,628,759||450,857,239|||
|Shenzhen RongchaoInvestmentDevelopment Co.,Ltd.|Domesticnon-state-ownedlegal person||0.62%|7,660,000||0|||
|Liu Guocheng|Domestic naturalperson||0.57%|7,052,702||0|||
|Liu Guohong|Domestic naturalperson||0.26%|3,234,898||0|||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
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|-|-|-|-|-|-|
|Gong Qianhua|Overseas naturalperson|0.24%|2,940,000|0||
|Shanghai JuzhangInvestmentManagement Co., Ltd.|Domesticnon-state-ownedlegal person|0.21%|2,652,541|0||
|China SecuritiesFinance CorporationLimited|Domesticnon-state-ownedlegal person|0.18%|2,271,900|0||
|Xu Yueying|Domestic naturalperson|0.14%|1,760,000|0||
|China Hi-tech GroupCorporation|State-owned legalperson|0.12%|1,500,000|0||
|ChongqingInternational TrustCo., Ltd. - YuxinChuangxin YoushiNo. 12 AssembledFunds Trust|Others|0.10%|1,220,000|0||
|Information on top 10 shareholders of non-restricted shares||||||
|||Quantity of unrestricted||Type of share||
|Name of shareholder||||||
|||ordinary shares held||Type of share|Quantity|
|Shenzhen SEG Group Co., Ltd.||249,771,520||RMB ordinary shares|249,771,520|
|Shenzhen Rongchao InvestmentDevelopment 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 ManagementCo., Ltd.||2,652,541||||
|||||RMB ordinary shares|2,652,541|
|China Securities Finance CorporationLimited||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. 12Assembled Funds Trust||1,220,000||||
|||||RMB ordinary shares|1,220,000|
|||Shenzhen SEG Group Co., Ltd. has no association relationship with other||||
|Explanations on the association relationship||||||
|||shareholders and is not a person acting in concert with other shareholders as specified||||
|or concerted action among the||||||
|||in the Management Methods for Disclosure of Information on Changes of||||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
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|-|-|
|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|None.|
|any)||

Did top 10 ordinary shareholders of the Company or top 10 ordinary shareholders of non-restricted shares conduct agreed repurchase transactions in the reporting period?
□ Yes√ No
Top 10 ordinary shareholders of the Company or top 10 ordinary shareholders of non-restricted shares did not conduct agreed repurchase 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
Unit: RMB/Yuan
||||||
|-|-|-|-|-|
|Item|Closing balance|Opening balance|Difference|Increase/decrease yearon year (%)|
|Monetary funds|1,230,137,703.98|1,757,492,816.67|-527,355,112.69|-30.01%|
|Notes receivable and accountsreceivable|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 or30.01% 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 or36.26% 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 or42.92% 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 or31.74% 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 or41.66% 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 or42.38% 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 currentperiod|Amount of the sameperiod of the previousyear|Difference|Increase/decreaseyear 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.
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|-|-|-|-|-|
|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 or100% 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 or100% 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 or210.41% 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 or31.92% 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 or49.41% 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 or32.45% 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 or94.50% 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 thecurrent period|Amount for the sameperiod of the previousyear (adjusted)|Difference|Increase/decreaseyear on year (%)|
|Cash received from interest, handling charges andcommissions|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 andother 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 fixed
4,150,185.67 32,963,785.60 -28,813,599.93 -87.41% assets, intangible assets and other long-term assets
||||||
|-|-|-|-|-|
|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 orinterest 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 or92.04% 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 or57.44% 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 or47.61% 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 or87.41%, 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 or126.04% 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 or100% 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 or64.47% year on year, mainly because borrowings increased in the reporting period.
10. Cash paid for debt repayment increased by RMB 94,312,231.24 or33.52% 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 or32.19% 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
|||||
|-|-|-|-|
||||Inquiry index for the websites disclosing|
||Overview of major events|Disclosure date||
||||the temporary reports|
|1. Progress of breach of contract by the holdingsub-subsidiary SEG New Urban|||http://www.cninfo.com.cn|
|||April 30, 2019||
||||Annual Report of 2018 of Shenzhen SEG|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
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|-|-|-|
|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.||Co., Ltd.|
|||http://www.cninfo.com.cn|
|||Announcement on the Progress of|
||January 3, 2019||
|||Breach of Contract by the Holding|
|||Sub-subsidiary|
|||http://www.cninfo.com.cn|
|||Announcement on the Progress of|
||January 10, 2019||
|||Breach of Contract by the Holding|
|||Sub-subsidiary|
|||http://www.cninfo.com.cn|
|||Announcement on the Progress of|
||January 17, 2019||
|||Breach of Contract by the Holding|
|||Sub-subsidiary|
|||http://www.cninfo.com.cn|
|||Announcement on the Progress of|
||January 24, 2019||
|||Breach of Contract by the Holding|
|||Sub-subsidiary|
|||http://www.cninfo.com.cn|
|||Announcement on the Progress of|
||January 31, 2019||
|||Breach of Contract by the Holding|
|||Sub-subsidiary|
|||http://www.cninfo.com.cn|
|||Announcement on the Progress of|
||February 14, 2019||
|||Breach of Contract by the Holding|
|||Sub-subsidiary|
|||http://www.cninfo.com.cn|
|||Announcement on the Progress of|
||February 28, 2019||
|||Breach of Contract by the Holding|
|||Sub-subsidiary|
|||http://www.cninfo.com.cn|
|||Announcement on the Progress of|
||March 7, 2019||
|||Breach of Contract by the Holding|
|||Sub-subsidiary|
|||http://www.cninfo.com.cn|
|||Announcement on the Progress of|
||March 21, 2019||
|||Breach of Contract by the Holding|
|||Sub-subsidiary|
|||http://www.cninfo.com.cn|
||March 28, 2019||
|||Announcement on the Progress of|
|||Breach of Contract by the Holding|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
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|||||Sub-subsidiary|
|2. Dispute over the lease contract arose between NanningHaiqi Real Estate Development Co., Ltd. and Shenzhen SEGCo., Ltd. Case number: 2016 G. 0102 M. C. No. 3653Second instance judgment: Nanning SEG shall pay theliquidated damages of RMB 8 million, pay the attorney fee ofRMB 263,000 to Nanning Haiqi, and pay the case acceptancefee of RMB 134,238.The Company has applied for retrial. On July 11, 2018, theHigher People's Court of Guangxi Zhuang AutonomousRegion decided to put the case on file. On March 22, 2019,the company received the Civil Ruling Paper served by theHigher People's Court of Guangxi Zhuang AutonomousRegion which rejected the re-trial application of thecompany. Now the case is fulfilled completely.||||http://www.cninfo.com.cn|
|||||Announcement of Shenzhen SEG Co.,|
|||September 26, 2016|||
|||||Ltd. on Receipt of Court Summons and|
|||||the Civil Complaint|
|||||http://www.cninfo.com.cn|
|||August 31, 2018||Semi-Annual Report 2018 of Shenzhen|
|||||SEG Co., Ltd.|
|3. SEG Industrial sued against Shenzhen Wonder IndustryCo., Ltd., Liu Guiyun and Liu Yu for a dispute over thepurchase and sales contract. Case number: (2017) Y. 0304 M.C. No. 5092; involved amount: 8,394,100 yuanThe first-instance judgment has taken effect. The claims filedby SEG Industrial were basically supported, except that notall of the overdue fine was supported, and SEG Industrialhas applied for enforcement with the court.Shenzhen Wonder Industry Co., Ltd. and Liu Yu refused toaccept the first instance judgment and applied for re-trial toShenzhen Intermediate People's Court. On March 4, 2019,the court decided to put the case on file.|September 20, 2018||http://www.cninfo.com.cnAnnouncement of Shenzhen SEG Co.,Ltd. on the Progress of the LawsuitInvolving Holding Subsidiaries||
|4. SEG Industrial sued against Shenzhen Yixin ZhongtianTechnology Co., Ltd., Zhe Shaojun, and Zhao Xiaoyan for adispute over the purchase and sales contract. Case number:(2017) Y. 0304 M. C. No. 5088; involved amount:14,805,700 yuanThe first-instance judgment has taken effect. The claims filedby SEG Industrial were basically supported, except that notall of the overdue fine was supported.On January 30, 2019, Shenzhen Yixin ZhongtianTechnology Co., Ltd., Zhe Shaojun, and Zhao Xiaoyanapplied for re-trial to Guangdong Higher People's Court andthe court decided to put the case on file.|September 20, 2018||http://www.cninfo.com.cnAnnouncement of Shenzhen SEG Co.,Ltd. on the Progress of the LawsuitInvolving Holding Subsidiaries||
|5. SEG Industrial sued against Shenzhen ComnetTechnology Co., Ltd., Xiao Qingshan, Zhou Ronghua,Anhua Meishan Small Loan Co., Ltd., and Shenzhen Baiyide|September 20, 2018||http://www.cninfo.com.cnAnnouncement of Shenzhen SEG Co.,Ltd. on the Progress of the Lawsuit||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
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|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.||Involving Holding Subsidiaries|
|6. SEG Industrial sued against Shenzhen Runneng DigitalTechnology Co., Ltd., Xiao Qingshan, Zhou Ronghua,Anhua Meishan Small Loan Co., Ltd., and Shenzhen BaiyideTechnology Co., Ltd. for a dispute over the purchase andsales contract. Case number: (2017) Y. 0304 M. C. No. 7977;involved amount: 15,345,000 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.|September 20, 2018|http://www.cninfo.com.cnAnnouncement of Shenzhen SEG Co.,Ltd. on the Progress of the LawsuitInvolving Holding Subsidiaries|
|7. In the reporting period, 16 cases involving Nantong SEGOperation are not settled yet, in which 2 cases are new.Merchants owed the rents and management fees to NantongSEG Operation, resulting in disputes over lease contracts.Involved amount: 7,813,500 yuanTwelve cases were settled and Nantong SEG Operation wasthe prevailing party. The remaining four cases are not settled,among which two are on first trial and the other two are onsecond trial.|August 31, 2018|http://www.cninfo.com.cnSemi-Annual Report 2018 of ShenzhenSEG Co., Ltd.|
|In the reporting period, Nantong SEG is involved in 16cases. In one case, Nantong SEG was the defendant. Alllawsuits arise from disputes over the house decorationcontract, involving RMB 34,506,300. 12 cases have beensettled and are being enforced. One case is under re-trial.Three cases are under second trial.|August 31, 2018|http://www.cninfo.com.cnSemi-Annual Report 2018 of ShenzhenSEG Co., Ltd.|
|9. Follow-up on the business transaction between the holdingsub-subsidiary SEG New Urban and Shenzhen ZhaochengGroup|February 1, 2019|http://www.cninfo.com.cnRisk Warning on Suspension of SomeBank Accounts of the HoldingSub-subsidiary|
||March 2, 2019|http://www.cninfo.com.cnAnnouncement on the Receipt of theLegal Instrument & the Progress ofSuspension of Some Bank Accounts ofthe Holding Sub-subsidiary|
||March 22, 2019|http://www.cninfo.com.cn|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
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|-|-|-|
|||Announcement on Unfreezing Accountsof the Holding Sub-subsidiary|
||March 29, 2019|http://www.cninfo.com.cnRisk Warning on the Possibility of theHolding Sub-subsidiary's Liability forGuarantee|
||April 16, 2019|http://www.cninfo.com.cnAnnouncement on the Receipt of theCivil Ruling Paper and the Notice forAssistance in Enforcement|
||April 23, 2019|http://www.cninfo.com.cnRisk Warning on Matters Related to theReceipt of the Notice of ContractTermination by the HoldingSub-subsidiary|
|10. Public offering of corporate bondsTo meet the capital needs of the Company during mainbusiness development and to further expand financingchannels, based on financial and operational status of theCompany, the Company planned to publicly issue corporatebonds worth RMB 800 million on Shenzhen Stock Exchangeand provided counter-guarantee for mortgage.On January 15, 2019, the corporate bonds (1st issue) ofRMB 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.cnAnnouncement on Public Offering ofCorporate Bonds (1st Issue) to QualifiedInvestors in 2018|
||February 19, 2019|http://www.cninfo.com.cnAnnouncement on ContemplatedChanges in Details of RepaymentObjects of 18 SEG 01 and 18 SEG 02|
||February 22, 2019|http://www.cninfo.com.cnAnnouncement on ContemplatedChanges in Details of RepaymentObjects of 18 SEG 01 and 18 SEG 02|
|11. Retirement of Vice General Manager of the CompanyHong Xi was removed from Vice General Manager of theCompany due to retirement and no longer holds any post inthe Company.|January 31, 2019|http://www.cninfo.com.cnAnnouncement on the Retirement of ViceGeneral Manager of the Company|
|12. Reduction of Holding-shares of Shenzhen Huakong SEGCo., Ltd.|January 15, 2019|http://www.cninfo.com.cnAnnouncement on the Resolution of the1st Extraordinary General Meeting in2019|
||April 24, 2019|http://www.cninfo.com.cnAnnouncement on the Progress of|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|||Reduction of Holding-shares ofShenzhen Huakong SEG Co., Ltd.|
|13. Suspension of the Construction Project of the PVIndustry Base of Shenzhen-Shantou Special Cooperation &the Connected Transaction Concerning Proposed Transfer of100% of the Equity of Shenzhen-Shantou Cooperation ZoneSEG Longyan Energy Technology Co., Ltd. Held by theHolding Subsidiary|March 12, 2019|http://www.cninfo.com.cnSuggestive Announcement on Suspensionof the Construction Project of the PVIndustry Base of Shenzhen-ShantouSpecial Cooperation & the ConnectedTransaction Concerning ProposedTransfer of 100% of the Equity ofShenzhen-Shantou Cooperation ZoneSEG Longyan Energy Technology Co.,Ltd. Held by the Holding Subsidiary|
|14. Leasing of the entire commercial podium of SEG TimesPlaza by the wholly-owned subsidiary Nantong SEG TimesPlaza Development Co., Ltd. and execution of the leasecontractThe wholly-owned subsidiary Nantong SEG Times PlazaDevelopment Co., Ltd. and Red Star Macalline GroupCorporation Ltd. ("Macalline") entered into the LeaseContract. The Company leased the entire commercialpodium of Nantong SEG Times Plaza (with a total area of57,481 m2) to Macalline. The lease term is 15 years. Thetotal contract price is RMB 246,731,000.|January 16, 2019|http://www.cninfo.com.cnAnnouncement on Leasing of the EntireCommercial Podium of SEG Times Plazaby the Wholly-owned SubsidiaryNantong SEG Times Plaza DevelopmentCo., Ltd. and Execution of the LeaseContract|
|15. Payment of the transaction consideration of SEG Groupfor major assets restructuringAccording to the major assets restructuring appraisal resultsand the transaction payment method, 86.90% of thetransaction consideration for 55% of equity of SEGRecreation, 100% of equity of SEG Property, 100% ofequity of SegMaker, and 79.02% of equity of SEG RealEstate (RMB 4,481,521,000 in total) was paid by non-publicoffering of shares; 13.10% of the transaction consideration(RMB 675,626,200) was paid in cash.On January 19, 2017, the business registration alterationprocedures for the four target companies involved in themajor assets restructuring of SEG Group were completed.On February 25, 2017, 450,857,239 A-shares weredetermined for non-public offering in the major assetsrestructuring and were listed on March 6, 2017.On March 7, 2019, payment for the consideration of RMB675,626,200 in cash was completed.|January 18, 2017|http://www.cninfo.com.cnReport of Share Issuance and CashPayment to Acquire Assets and RaiseSupporting Funds & ConnectedTransaction|
||January 25, 2017|http://www.cninfo.com.cnAnnouncement of Shenzhen SEG Co.,Ltd. on Transfer of Underlying Assetsfor Share Issuance and Cash Payment toAcquire Assets and Raise Funds &Connected Transactions|
||March 4, 2017|http://www.cninfo.com.cnAnnouncement of Shenzhen SEG Co.,Ltd. on Transfer of Underlying Assetsfor Share Issuance and Cash Payment toAcquire Assets and Raise Funds &Connected Transactions & PublicOffering of New Shares|

Progress of share repurchase
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.□ Applicable√ Not applicable
Progress 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 related parties
√ Applicable□ Not applicable
||||||||
|-|-|-|-|-|-|-|
|||||Commitment|Commitment||
|Commitments|Subject|Type|Content|||Performance|
|||||date|term||
|Commitment for share|||||||
||Not applicable||||||
|reform|||||||
|Commitments in the|||||||
|Acquisition Report and the|||||||
||Not applicable||||||
|Report of Changes on|||||||
|Equity|||||||
||||"After updating and restructuring of SEG Industrial Building, SEG|||Extended|
||||Economy Building, and SEG Recreation Industry Building, the|||performance|
||||area of added part that belongs to SegMaker, SEG Recreation and|||(The Company|
||||SEG Property is 2,855.20 m2. SEG Group undertakes that the use|||has applied for|
||||of the temporary buildings belonged to SegMaker, SEG Recreation|||extension of the|
||||and SEG Property will be renewed after expiration of the two-year|||license for the|
||||use duration. In case when, due to failure in renewal of use of|||said property and|
|Commitments made at the|Shenzhen SEG||||||
|||Other||August 3,|April 20,||
||||temporary buildings, the listed company has any loss or the income|||submitted|
|time of restructuring of|Group Co.,||||||
|||commitment|during the period from expiration of the performance commitment|2016|2024|application|
|assets|Ltd.||||||
||||period to expiration of the evaluated income expected period is|||materials to the|
||||lower than the expected compensation, or the listed company has|||relevant|
||||any loss because the temporary buildings are required to be|||competent|
||||dismantled by governmental organs during the period from|||authority for|
||||expiration of the performance commitment period to expiration of|||approval. SEG|
||||the evaluated income expected period, SEG Group will|||Group is assisting|
||||compensate the listed company timely and in full amount|||with such|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
|||
|-|-|
|according to the following compensation methods:|extension|
|1. SEG Group has made commitments for the performance of the|application. The|
|subject company within three years after completion of major asset|renewal|
|restructuring. Influence of the updating and restructuring project|application is still|
|has been taken into account in the commitments.|under approval|
||and the license|
|2. The amount of compensation for the income that is lower than||
||for renewal is not|
|the expected income during the period from expiration of the||
||obtained yet.)|
|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||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|||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|Not applicable||
|offerings or refinancing|||
|Commitment on equity|||
||Not applicable||
|incentives|||
|Other commitments made|||
|to the medium and small|||
||Not applicable||
|shareholders of the|||
|Company|||
|Whether commitments were|||
||No||
|fulfilled on time|||
|For commitments|||
|unfulfilled in the|||
||The Company has applied for extension of the license for the said property and submitted application materials to the relevant competent authority for||
|commitment period, specify|||
||approval. SEG Group is assisting with such extension application. The renewal application is still under approval and the license for renewal is not obtained||
|the reasons for|||
||yet.||
|non-fulfillment and further|||
|plans|||

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 and
causes
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.□ Applicable√ Not applicable
V. Securities investment
√ Applicable□ Not applicable
Unit: Yuan
|||||||||||||||
|-|-|-|-|-|-|-|-|-|-|-|-|-|-|
|||||||Profit||||||||
|||||||or loss||||||||
|||||||||Amount||||||
|||||||from|Accumulativ|||||||
|||||||||of|Amount of|Profit or loss||||
||||Initial|Accounting||change|e changes in|||||||
||Stock|Short form of|||Opening book|||purchas|sales in the|in the|Closing book||Source of|
|Stock type|||investment|measurement||s in fair|fair value|||||Accounting item||
||code|the security|||value|||e in the|current|reporting|value||capital|
||||cost|mode||value in|counted into|||||||
|||||||||current|period|period||||
|||||||the|equity|||||||
|||||||||period||||||
|||||||current||||||||
|||||||period||||||||
|Domestic||||Measuremen||||||||||
|||Youhao||||||||||Available-for-sal|Self-owne|
|and overseas|600778||90,405.00|t of fair|274,287.16||47,787.86|0.00|0.00|0.00|322,075.02|||
|||Group||||||||||e financial assets|d capital|
|shares||||value||||||||||
|Domestic||||Measuremen||||||||||
|||Huakong|173,687,994.4||139,130,451.0||||-7,455,408.8|-4,608,463.3||Long term equity|Self-owne|
|and overseas|000068|||t of cost|||-184.27||||127,066,394.6|||
|||SEG|5||9||||5|4||investment|d capital|
|shares||||method||||||||||
|Domestic||||Measuremen||||||||||
|||SEG||||||||||Available-for-sal|Self-owne|
|and overseas|832770||8,275,321.43|t of cost|13,515,392.83|||0.00|0.00|0.00|13,515,392.83|||
|||Navigations||||||||||e financial assets|d capital|
|shares||||method||||||||||
|Other securities investment held at||||||||||||||
||||||||||||||-|
|the end of the period||||||||||||||
||||182,053,720.8||152,920,131.0||||-7,455,408.8|-4,608,463.3|140,903,862.4|||
|Total||||--||0.00|47,603.59|0.00||||-||
||||8||8||||5|4|8|||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd. VI. Derivative investment
□ Applicable√ Not applicable
No derivative investment is involved in the reporting period.
VII. Registration form for investigations, communication and interviews in the reporting period
√ Applicable□ Not applicable
|||||
|-|-|-|-|
|Time|Means|Type|Investigation Index|
|January 7, 2019|Phone call|Individual|Inquire about recent operations of the Company.|
||||Inquire about whether the controlling shareholder of the|
|January 28, 2019|Phone call|Individual||
||||Company SEG Group has pledged stocks of the Company.|
||||Inquire about whether the Company will release the|
|January 29, 2019|Phone call|Individual||
||||performance forecast for 2018.|
||||Inquire about lawsuits involving the holding sub-subsidiary SEG|
|February 1, 2019|Phone call|Individual||
||||New Urban and suspension of some bank accounts.|
||||Inquire about the progress of suspension of some bank accounts|
|February 27, 2019|Phone call|Organization|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 applicable
No illegal external guarantee is involved in the reporting period.
IX. Non-operating capital occupation on the listed company by the controlling shareholders and related parties
□ Applicable√ Not applicable
No non-operating capital occupation on the listed company by the controlling shareholders and related parties is involved in the reporting period.
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd. Chapter 4 Financial Statements
I. Financial Statements
1. Consolidated Balance Sheet Statement
Prepared by: Shenzhen SEG Co., Ltd.
March 31, 2019
Unit: Yuan
||||
|-|-|-|
|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|||
||74,163,820.86|54,426,228.11|
|receivable|||
|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|||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|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|||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|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|||
||258,569,415.58|272,569,415.58|
|year|||
|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|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|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|||
||1,920,074,451.41|1,867,881,216.44|
|parent company|||
|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 accounting institution: 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|127,360.00||
|||217,360.00|
|receivable|||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|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|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|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|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|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|||
|||223,839.96|
|commissions income|||
|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|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|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 "-"|||
||52,122,030.89|43,590,161.83|
|for loss)|||
|Including: Income from|||
||-7,720,418.78|-5,476,059.45|
|investment in joint ventures or associates|||
|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|||
||70,293,155.02|73,831,929.20|
|operations (enter "-" for net loss)|||
|2. Net profit from discontinuing|||
|operations (enter "-" for net loss)|||
|(II) Classified by ownership|||
|1. Net profit attributable to the owner|||
||60,097,292.93|62,622,931.80|
|of the parent company|||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|2. Profit and loss of minority|||
||10,195,862.09|11,208,997.40|
|shareholders|||
|VI. Net of tax of other comprehensive|||
||47,603.59|-46,016.42|
|incomes|||
|Total owners' net of tax of other|||
|comprehensive incomes attributable to the|47,603.59|-30,654.12|
|parent company|||
|(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|||
||47,603.59|-30,654.12|
|reclassified into gains and losses|||
|1. Other comprehensive|||
|incomes to be reclassified into gains and|47,603.59|-49.05|
|losses under the equity method|||
|2. Changes in fair value of other|||
|debt investments|||
|3. Gains and losses from|||
|changes of fair value of the||-30,506.07|
|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|||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|differences|||
|9. Others|||
|Net of tax of other comprehensive income|||
|||-15,362.30|
|attributable to minority shareholders|||
|VII. Total comprehensive income|70,340,758.61|73,785,912.78|
|Total comprehensive income|||
|attributable to shareholders of the parent|60,128,925.82|62,592,277.68|
|company|||
|Total comprehensive income|||
||10,211,832.79|11,193,635.10|
|attributable to minority shareholders|||
|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 before merger 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 accounting institution: 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 "-"|||
||48,706,678.30|46,361,937.23|
|for loss)|||
|Including: Income from|-6,465,030.50|-4,250,907.89|

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||||
|-|-|-|
|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|||
||27,038,636.54|33,640,024.41|
|operations (enter "-" for net loss)|||
|(II) Net profit from discontinuing|||
|operations (enter "-" for net loss)|||
|V. Net of tax of other comprehensive|||
||-184.27|-49.05|
|incomes|||
|(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|||
||-184.27|-49.05|
|reclassified into gains and losses|||
|1. Other comprehensive|||
|incomes to be reclassified into gains and|-184.27|-49.05|
|losses under the equity method|||
|2. Changes in fair value of other|||
|debt investments|||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|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|||
||288,094,199.99|386,113,295.26|
|rendering of services|||
|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|||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|Net increase in financial assets|||
|measured by fair value with changes|||
|included in current gains and losses|||
|Cash received from interest, handling|||
||371,052.26|4,661,395.77|
|charges and commissions|||
|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|||
||85,403,184.28|162,307,155.67|
|activities|||
|Subtotal of cash inflow from operating|||
||373,868,436.53|553,081,846.70|
|activities|||
|Cash paid for goods and service|104,282,449.76|244,997,988.68|
|Net increase in loans to customers and|||
|||-16,784,988.00|
|advances|||
|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|||
|||15,359.20|
|and commissions|||
|Cash paid as insurance dividends|||
|Cash paid to and on behalf of|||
||74,373,921.08|78,163,795.83|
|employees|||
|Taxes paid|37,114,103.27|70,845,921.44|
|(1) Other cash received from operating|||
||168,220,603.93|177,009,103.88|
|activities|||
|Subtotal of cash outflow in operating|||
||383,991,078.04|554,247,181.03|
|activities|||
|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|||
||355,042,739.73|359,690,000.00|
|investments|||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|Cash received from returns on|||
||58,464,069.12|52,184,734.09|
|investments|||
|Net cash received from disposal of|||
|fixed assets, intangible assets and other|||
|long-term assets|||
|Net cash received from disposal of|||
|||-3,394,971.91|
|subsidiaries and other business units|||
|Other cash received from financing|||
|||79,263.84|
|activities|||
|Subtotal of cash inflow from financing|||
||413,506,808.85|408,559,026.02|
|activities|||
|Cash paid for purchase and|||
|construction of fixed assets, intangible|4,150,185.67|32,963,785.60|
|assets and other long-term assets|||
|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|||
|||78,250.87|
|activities|||
|Subtotal of cash outflow in financing|||
||797,278,526.01|383,922,036.47|
|activities|||
|Net cash flow arising from financing|||
||-383,771,717.16|24,636,989.55|
|activities|||
|III. Cash flow from financing activities:|||
|Cash received from absorbing|||
|||980,000.00|
|investment|||
|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|||
|||15,000,000.00|
|activities|||
|Subtotal of cash inflow from financing|||
||250,000,000.00|167,980,000.00|
|activities|||
|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|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|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|||
||384,438,510.09|298,544,913.20|
|activities|||
|Net cash flow arising from financing|||
||-134,438,510.09|-130,564,913.20|
|activities|||
|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|||
||1,758,470,572.74|951,482,605.92|
|equivalents|||
|VI. Closing balance of cash and cash|||
||1,230,137,703.98|844,389,347.94|
|equivalents|||

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|||
||14,920,675.13|16,362,940.86|
|rendering of services|||
|Tax refunds|||
|Other cash received from operating|||
||133,005,791.11|102,294,007.13|
|activities|||
|Subtotal of cash inflow from operating|||
||147,926,466.24|118,656,947.99|
|activities|||
|Cash paid for goods and service|7,910,812.48|13,935,879.77|
|Cash paid to and on behalf of|||
||8,210,460.43|9,029,567.41|
|employees|||
|Taxes paid|1,218,697.98|2,240,849.30|
|Other cash received from operating|||
||173,302,675.36|125,336,391.41|
|activities|||
|Subtotal of cash outflow in operating|||
||190,642,646.25|150,542,687.89|
|activities|||
|Net cash flow from operating activities|-42,716,180.01|-31,885,739.90|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|II. Cash flow from financing activities:|||
|Cash received from disposal of|||
||40,000,000.00|180,000,000.00|
|investments|||
|Cash received from returns on|||
||54,667,639.02|51,024,186.69|
|investments|||
|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|||
||94,667,639.02|231,024,186.69|
|activities|||
|Cash paid for purchase and|||
|construction of fixed assets, intangible||114,000.00|
|assets and other long-term assets|||
|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|||
||260,000,000.00|105,114,000.00|
|activities|||
|Net cash flow arising from investment|||
||-165,332,360.98|125,910,186.69|
|activities|||
|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|||
||17,546,666.67|1,963,333.34|
|activities|||
|Subtotal of cash inflow from financing|||
||267,546,666.67|153,963,333.34|
|activities|||
|Cash paid for debt repayment|310,000,000.00|200,000,000.00|
|Cash paid for dividend and profit|||
||6,256,774.15|6,088,791.66|
|distribution or interest payment|||
|Other cash paid for financing activities|100,000,000.00|4,000,000.00|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||
|-|-|-|
|Subtotal of cash outflow in financing|||
||416,256,774.15|210,088,791.66|
|activities|||
|Net cash flow arising from financing|||
||-148,710,107.48|-56,125,458.32|
|activities|||
|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|||
||971,376,038.87|104,463,125.70|
|equivalents|||
|VI. Closing balance of cash and cash|||
||614,617,390.40|142,362,114.17|
|equivalents|||

II. Adjustments to Financial Statements
1. Adjustments in first implementation of new standards for financial instruments, new standards for income, and new standards for lease, and first implementation of financial statements at the beginning of the year
√ Applicable□ Not applicable
Consolidated Balance Sheet Statement
Unit: Yuan
||||||
|-|-|-|-|-|
|||||Amount of|
|Item||December 31, 2018|January 1, 2019||
|||||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|||Not applicable||
|current gains and losses|||||
|Derivative financial assets|||||
|Notes receivable and accounts|54,426,228.11||||
||||54,426,228.11||
|receivable|||||
|Including: Notes receivable|||||
|Accounts receivable|54,426,228.11||54,426,228.11||
|Advances|2,701,718.53||2,701,718.53||
|Premiums receivable|||||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||||
|-|-|-|-|-|
|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|34,069,679.99||||
||||Not applicable|-34,069,679.99|
|sale|||||
|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|||||
|||Not applicable|34,069,679.99|34,069,679.99|
|investment|||||
|Other non-current financial|||||
|||Not applicable|||
|assets|||||
|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|||||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
|||||
|-|-|-|-|
|Goodwill||||
|Long-term expenses to be|73,769,436.90|||
||||73,769,436.90|
|amortized||||
|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|||Not applicable|
|in current gains and losses||||
|Derivative financial liabilities||||
|Notes payable and accounts|293,130,435.56|||
||||293,130,435.56|
|payable||||
|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|

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
|||||
|-|-|-|-|
|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|1,867,881,216.44|||
||||1,867,881,216.44|
|the parent company||||
|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 adjustments
In 2017, the ministry of finance issued the revised "accounting standards for enterprises no. 22 - recognition and measurement of
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd. financial 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 enter into force as of January 1, 2019 for domestic listed companies. According to the new financial instrument standards, the company will hold the equity investment designated as fair value measurement and its changes into other comprehensive income of
non-trading equity instrument investment, financial statements to other equity instrument investment.
Balance Sheet Statement of the Parent Company
Unit: Yuan
||||||
|-|-|-|-|-|
|||||Amount of|
|Item||December 31, 2018|January 1, 2019||
|||||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|||Not applicable||
|current gains and losses|||||
|Derivative financial assets|||||
|Notes receivable and accounts|217,360.00||||
||||217,360.00||
|receivable|||||
|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|33,515,392.83||||
||||Not applicable|-33,515,392.83|
|sale|||||
|Other debt investment||Not applicable|||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
||||||
|-|-|-|-|-|
|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|||||
|||Not applicable|33,515,392.83|33,515,392.83|
|investment|||||
|Other non-current financial|||||
|||Not applicable|||
|assets|||||
|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|9,404,881.96||||
||||9,404,881.96||
|amortized|||||
|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|||Not applicable||
|in current gains and losses|||||
|Derivative financial liabilities|||||
|Notes payable and accounts|206,374.11||||
||||206,374.11||
|payable|||||
|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||

Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd.
|||||
|-|-|-|-|
|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 adjustments
In 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 for
Full text of Q1 2019 Report of Shenzhen SEG Co., Ltd. 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 enter into force as of January 1, 2019 for domestic listed companies. According to the new financial instrument standards, the company will hold the equity investment designated as fair value measurement and its changes into other comprehensive income of
non-trading equity instrument investment, financial statements to other equity instrument investment.
2. Retroactive adjustments of comparative date of previous periods in first implementation of new standards for financial instruments and new standards for lease
□Applicable√ Not applicable
III. Audit Report
Is the Q1 report audited?
□ Yes√ No
The Q1 report of the Company has not been audited.