南玻B:2023年一季度报告(英文版)

http://ddx.gubit.cn  2023-04-26  南 玻A(000012)公司公告

CSG HOLDING CO., LTD.

THE First QUARTER REPORT 2023

Chairman of the Board:

CHEN LIN

April 2023

Stock Code: 000012/200012 Short Form of Stock: Southern Glass A/B Notice No.:2023-020

CSG Holding Co., Ltd.The First Quarter Report 2023The Company and all the members of the Board of Directors confirm that the informationdisclosed is authentic, accurate and complete, and there are no any fictitious statements,misleading statements or significant omissions carried in this report.Important Notice:

1. Board of Directors and the Supervisory Committee and its directors, supervisors and seniorexecutives hereby confirm that the Quarter Report is authentic, accurate and complete and thereare no any fictitious statements, misleading statements, or significant omissions carried in thisreport, and shall take individual and joint legal responsibilities.

2. Head of the Company, responsible person in charge of accounting and principal of the financialdepartment (accounting officer) confirm that the financial information in this Quarter Report isauthentic, accurate and complete.

3. Whether the First Quarter Report has been audited or not

□ Yes √ No

This report is prepared both in Chinese and English. Should there be any inconsistency betweenthe Chinese and English versions, the Chinese version shall prevail.I. Main financial data(I)Major accounting data and financial indicatorsWhether it has retroactive adjustment or re-statement on previous accounting data

□Yes √No

The report periodThe same period of the previous yearYear-on-year increase/decrease
Operating income (RMB)4,070,673,7842,785,709,68746.13%
Net profit attributable to shareholders of the listed company (RMB)396,406,087383,682,8313.32%
Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB)369,241,752336,240,2619.81%
Net cash flow arising from operating activities (RMB)-284,407,179102,057,062-378.67%
Basic earnings per share (RMB/Share)0.130.128.33%
Diluted earnings per share (RMB/Share)0.130.128.33%
Weighted average ROE (%)3.04%3.30%-0.26%
End of the report periodEnd of the previous yearIncrease/decrease at the end of the report period over the end of the previous year
Total assets (RMB)25,637,078,16225,904,013,306-1.03%
Net assets attributable to shareholders of the listed company (RMB)13,249,455,88612,854,883,7063.07%

(II) Item and amount of non-recurring gains and losses

√Applicable □ Not applicable

Unit: RMB

ItemAmount in the report periodNote
Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets)164,780
Governmental subsidy reckoned into current gains/losses (not including the subsidy enjoyed in quota or ration according to national standards, which are closely relevant to enterprise’s business)23,460,674
In addition to the effective hedging business related to the normal business of the company, the profit and loss from changes in fair value arising from holding trading financial assets and trading financial liabilities, as well as the investment income obtained from the disposal of trading financial assets, trading financial liabilities and available for sale financial assets756,383
Reversal of provision for impairment of receivables that have been individually tested for impairment680,240
Other non-operating income and expenditure except for the aforementioned items7,104,485
Less: Impact on income tax4,724,159
Impact on minority shareholders’ equity (post-tax)278,068
Total27,164,335

Particulars about other gains and losses that meet the definition of non-recurring gains and losses:

□ Applicable √ Not applicable

It did not exist that other profit and loss items met the definition of non-recurring gains and losses.Explanation of the non-recurring gains and losses listed in the Explanatory Announcement No.1 on Information Disclosure forCompanies Offering their Securities to the Public - Non-recurring Gains and Losses as recurring gains and losses

□ Applicable √ Not applicable

It did not exist that non-recurring profit and loss items listed in the "Explanatory Announcement No. 1 on Information Disclosureof Companies Offering Securities to the Public - Non-recurring Profit and Loss" were defined as recurring profit and loss items inthe report period.

(III) Statement of change in the major accounting data and financial indicators and thecauses

√Applicable □ Not applicable

Unit: RMB

Item of the Balance SheetNoteMarch 31, 2023December 31, 2022Percentage of change
Monetary funds(1)2,214,555,1374,604,607,779-52%
Notes receivable(2)541,411,494156,943,437245%
Accounts receivable(3)1,696,421,7121,179,992,78444%
Non-current assets due within one year(4)40,000,00020,000,000100%
Other current assets(5)188,123,840108,248,54574%
Construction In Progress(6)1,656,976,2742,520,362,291-34%
Long-term Deferred Expense(7)5,860,1722,647,939121%
Other non-current assets(8)1,391,600,313856,620,48562%
Short-term borrowings(9)475,796,035345,000,00038%
Employee benefits payable(10)252,299,141473,616,428-47%
Non-current liabilities due within one year(11)621,683,1332,481,433,006-75%
Special reserve(12)2,123,340731,580190%
Item of Income StatementNoteAmount incurred in the report periodAmount incurred in the previous periodPercentage of change
Business income(13)4,070,673,7842,785,709,68746%
Business cost(14)3,165,542,0521,996,135,27159%
Research and development expenses(15)161,274,469111,661,59744%
Other income(16)24,951,87348,350,708-48%
Investment income(17)756,3838,493,186-91%
Credit impairment loss(18)-9,860,184-4,406,594124%
Asset impairment loss(19)1,456-100%
Income on disposal assets(20)164,7803,067,343-95%
non-operating income(21)7,959,6661,658,098380%
non-operating expenses(22)378,2462,619,997-86%
Minor shareholders’ equity(23)-3,946,7313,976,590-199%
Net after-tax amount of other comprehensive income(24)-3,225,667-539,838498%

Notes:

1.The decrease in monetary funds was mainly due to the redemption of matured corporate bonds;

2. The increase in notes receivable was mainly due to an increase in pledged invoicing of notes receivable;

3. The increase in accounts receivable was mainly due to the increase in sales revenue of photovoltaic glass;

4. The increase in non-current assets due within one year was due to the fact that some large certificates of deposit wouldexpire within one year;

5. The increase of other current assets was mainly due to the increase of input tax to be deducted by some subsidiaries;

6. The decrease in construction in progress was mainly due to the transfer of completed projects under construction to fixedassets of some subsidiaries;

7. The increase in long-term deferred expenses was mainly due to an increase in amortization items;

8. The increase of other non-current assets was mainly caused by the increase of advance payment for engineering equipmentof subsidiaries;

9. The increase in short-term borrowings was mainly caused by the increase in borrowings of subsidiaries;

10. The decrease in employee compensation payable was mainly due to the payment of year-end bonuses for employeesaccrued in the previous year during the report period;

11. The decrease in non-current liabilities due within one year was mainly due to the redemption of matured corporate bonds;

12. The increase in special reserves was mainly due to the provision of special reserves;

13. The increase in operating income was mainly due to the increase in silicon materials and photovoltaic glass business;

14. The increase in operating costs was mainly due to the increase in silicon materials and photovoltaic glass business;

15. The increase in research and development expenses was mainly due to the increase in research and development;

16. The decrease in other income was mainly due to the decrease in amortization of deferred income of subsidiaries;

17. The decrease in investment returns was mainly due to a decrease in structural deposit returns;

18. The increase in credit impairment losses was mainly due to an increase in accounts receivable for photovoltaic glass;

19. The change in asset impairment loss was mainly due to the fact that it did not occur in the current period and the amountof the previous period was relatively small;

20. The decrease in asset disposal income was mainly due to the relatively small amount of asset disposal in the currentperiod;

21. The increase in non-operating income was mainly due to an increase in insurance claims and payments that cannot be paid;

22. The decrease in non-operating expenses was mainly due to compensation expenses and other decreases;

23. The decrease in minority shareholder gains and losses was mainly due to a decrease in net profit of non wholly-ownedsubsidiaries;

24. The increase in the net amount of other comprehensive income after tax was mainly due to changes in the translationdifferences in foreign currency statements.II. Information of shareholders(I) The total number of common shareholders and the number of preference shareholders with votingrights recovered as well as the top ten shareholders

Unit: Share

Total common shareholders at the end of the report period164,653The total number of preference shareholders with voting rights recovered at end of report period (if applicable)0
Particulars about the shares held by the top ten shareholders
Name of shareholderNature of shareholderProportion of shares heldAmount of shares heldAmount of restricted shares heldNumber of share pledged, marked or frozen
Share statusAmount
Foresea Life Insurance Co., Ltd. – HailiNiannianDomestic non state-owned legal person15.19%466,386,874
Foresea Life Insurance Co., Ltd. – Universal Insurance ProductsDomestic non state-owned legal person3.86%118,425,007
Foresea Life Insurance Co., Ltd. – Own FundDomestic non state-owned legal person2.11%64,765,161
China Galaxy International Securities (Hong Kong) Co., LimitedForeign legal person1.34%41,034,578
China Merchants Securities (Hong Kong)Foreign legal person1.12%34,378,997
Limited
China Life Insurance Co., Ltd. - Traditional - General Insurance Products - 005l-ct001 ShenOther0.96%29,385,159
Hong Kong Securities Clearing Co., Ltd.Foreign legal person0.81%24,797,228
VANGUARD EMERGING MARKETS STOCK INDEX FUNDForeign legal person0.64%19,595,573
Zhongshan Runtian Investment Co., Ltd.Domestic non state-owned legal person0.62%18,983,447Pledged18,980,000
Marked18,980,000
Frozen3,447
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUNDForeign legal person0.57%17,537,213
Particulars about the top ten shareholders with unrestricted shares held
Name of shareholderAmount of unrestricted shares heldType of shares
TypeAmount
Foresea Life Insurance Co., Ltd. – HailiNiannian466,386,874RMB ordinary shares466,386,874
Foresea Life Insurance Co., Ltd. – Universal Insurance Products118,425,007RMB ordinary shares118,425,007
Foresea Life Insurance Co., Ltd. – Own Fund64,765,161RMB ordinary shares64,765,161
China Galaxy International Securities (Hong Kong) Co., Limited41,034,578Domestically listed foreign shares41,034,578
China Merchants Securities (Hong Kong) Limited34,378,997Domestically listed foreign shares34,378,997
China Life Insurance Co., Ltd. - Traditional - General Insurance Products - 005l-ct001 Shen29,385,159RMB ordinary shares29,385,159
Hong Kong Securities Clearing Co., Ltd.24,797,228RMB ordinary shares24,797,228
VANGUARD EMERGING MARKETS STOCK INDEX FUND19,595,573Domestically listed foreign shares19,595,573
Zhongshan Runtian Investment Co., Ltd.18,983,447RMB ordinary shares18,983,447
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND17,537,213Domestically listed foreign shares17,537,213
Statement on associated relationship or consistent action among the above shareholders:As of the end of the report period, among shareholders as listed above, Foresea Life Insurance Co., Ltd.-HailiNiannian, Foresea Life Insurance Co., Ltd.-Universal Insurance Products, Foresea Life Insurance Co., Ltd.-Own Fund are all held by Foresea Life Insurance Co., Ltd. Shenzhen Jushenghua Co., Ltd., which holds 51% equity of Foresea Life Insurance Co., Ltd., holds 100% equity of Zhongshan Runtian Investment Co.,Ltd and Chengtai Group Co. Ltd., through Shenzhen Hualitong Investment Co., Ltd. Chengtai Group Co., Ltd. holds 40,187,904 shares through China Galaxy International Securities (Hong Kong) Co., Limited.
Explanation on the top ten shareholders which involving margin business (if applicable)N/A

Special note: On July 11, 2022, at the Company's Second Extraordinary General Meeting in 2022, Foresea Life Insurance Co., Ltd.voted in favor of all proposals, and Zhongshan Runtian Investment Co., Ltd. voted against all proposals, Chengtai Group Co., Ltd.voted against all the proposals with the shares held by China Galaxy International Securities (Hong Kong) Co., Limited; on August3, 2022, at the Company's Third Extraordinary General Meeting in 2022, Foresea Life Insurance Co., Ltd. voted in favor of allproposals, and Zhongshan Runtian Investment Co., Ltd. voted against all proposals.(II) The total number of preference shareholders of the company and particulars about the top tenpreference shareholders

□ Applicable √ Not applicable

III. Statement on other important matters

√Applicable □ Not applicable

1 .Public issuance of corporate bondsOn March 2, 2017, the 2nd Extraordinary General Meeting of Shareholders in 2017 reviewed and approved “the Proposal on thePublic Issuance of Corporate Bonds for Qualified Investors". On February 27, 2019, the First Extraordinary General Meeting ofShareholders in 2019 The “Proposal on Extending the Validity Period of the Shareholders' Meeting for the Public Offering ofCorporate Bonds to Qualified Investors” agreed to issue corporate bonds with a total issue of no more than RMB 2 billion and aterm of no more than 10 years. On June 26, 2019, the Company received the “Approval of Approving CSG Holding Co., Ltd. toIssue Corporate Bonds to Qualified Investors” issued by China Securities Regulatory Commission (ZJXK [2019] No. 1140). OnMarch 24, 2020 and March 25, 2020, the Company issued the first batch of corporate bonds with total amount of RMB 2 billionand valid term of 3 years at the issuance rate of 6%, and completed the redemption and delisting on March 27, 2023 (the originalredemption date for this bond was March 25, 2023, but due to a statutory rest day, it was postponed to the first trading daythereafter).

2. Guarantee situation

The 2021 Annual General Meeting of the Company reviewed and passed the Proposal for the 2022 Guarantee Plan, and agreed toprovide a total amount of not exceeding RMB16,268 million (including the effective and unexpired amount) for the 2022 creditline from financial institutions to subsidiaries at all levels within the scope of consolidated statements (hereinafter referred to as“all subsidiaries”). Among them, the total amount of guarantee for all subsidiaries with an asset-liability ratio below 70% shall notexceed the equivalent amount of RMB15,018 million (including the effective and unexpired amount), and the total amount ofguarantee for all subsidiaries with an asset-liability ratio of 70% or above shall not exceed the equivalent amount of RMB1,250million (including the effective and unexpired amount).The Company’s external guarantees are all provided for subsidiaries withinthe scope of consolidated statement. As of March 31, 2023, the actual guarantee balance incurred was RMB 4674.94 million(including RMB 291.24 million for companies with an asset liability ratio of 70% or above), accounting for 36.37% of the netassets attributable to the parent company at the end of 2022 of RMB 12854.88 million and 18.05% of the total assets of RMB2590.41 million. The company has no overdue guarantees.The Company’s 2021 Annual General Meeting reviewed and passed the Proposal on the Development of Asset Pool Business in2022. In order to achieve the overall management of the Company’s assets such as bills and letters of credit, the General Meetingof Shareholders approved the Company and its subsidiaries to conduct asset pool business of no more than RMB800 million.

Under the premise of controllable risks, various guarantee methods such as maximum pledge, general pledge, deposit certificatepledge, bill pledge, and margin pledge can be adopted for business development. As of March 31, 2023, the actual pledgedamount of asset pool business was 542.2131 million yuan, and the financing balance was 542.0604 million yuan.

3. Public issuance of A-share convertible corporate bonds

On July 11, 2022, the Company's 2nd Extraordinary General Meeting of Shareholders in 2022 reviewed and approved relevantproposals on the Company's public issuance of A-share convertible corporate bonds, and agreed to issue A-share convertiblecorporate bonds. The total amount of funds raised would not exceed RMB 2,800,000,000 (including RMB 2,800,000,000), with aterm of 6 years from the date of issuance.

4. Passive reduction of Southern Glass A shares held by Zhongshan Runtian Investment Co., Ltd.On July 12, 2022, the Company received the "Notice Letter" from Chongqing Xinyu Financial Leasing Co., Ltd. (hereinafter referredto as "Chongqing Xinyu"). According to the "Notice Letter", the Shenzhen Intermediate Court ruled to sell 67.65 million "SouthernGlass A" shares (stock code: 000012) held by Zhongshan Runtian Investment Co., Ltd. (hereinafter referred to as "ZhongshanRuntian"). On July 27 and July 28, 2022, Chongqing Xinyu forcibly sold 36.5289 million shares of Southern Glass A held byZhongshan Runtian through Block trade, accounting for 1.19% of the Company's total share capital. On December 8, 2022, theCompany received a letter from shareholder Zhongshan Runtian regarding the reduction of shares. It was learned that ZhongshanRuntian's "Southern Glass A" shares had accumulated a reduction of 31.1211 million shares from July 29, 2022 to December 7, 2022,accounting for 1.01% of the Company's total share capital. After the passive reduction of the aforementioned shares, the number ofshares held by Zhongshan Runtian decreased from 86,633,447 shares to 18,983,447 shares, and the shareholding ratio decreasedfrom 2.82% to 0.62%.

5. Lawsuits

(1) Regarding the special fund of RMB 171 million for talent introduction, the Company filed an infringement compensation lawsuitagainst Zeng Nan and others and Yichang Hongtai Real Estate Co., Ltd. on December 15, 2021, and Shenzhen Intermediate People'sCourt officially accepted it on January 28, 2022. The first trial of the case was completed in Shenzhen Intermediate People's Court onJune 21, 2022, and is currently awaiting judgment.

(2) In September 2022, the Company received a civil lawsuit from the Nanshan District People's Court in Shenzhen. ZhongshanRuntian Investment Co., Ltd. filed a lawsuit with the court regarding the dispute over the effectiveness of the resolution of theCompany's Second Extraordinary Shareholders' Meeting in 2022. For specific details, please refer to the "Announcement on LawsuitInvolved by the Company" (Announcement No. 2022-056) disclosed by the Company on CNINFO. The first trial of the case washeld on February 10, 2023 in the Nanshan District Court of Shenzhen and is awaiting judgment.

6. Shenzhen Guanlong Logistics Co., Ltd.'s increases its shareholding in Southern Glass A

The Company received a notification letter from Shenzhen Guanlong Logistics Co., Ltd. (hereinafter referred to as "GuanlongLogistics") from March 19, 2023 to March 21, 2023. It was learned that on March 17, 2023, Guanlong Logistics increased itsholdings of 160,000 shares of the Company through centralized bidding through the securities trading system of Shenzhen StockExchange, accounting for 0.0052% of the total share capital of the Company. At the same time, Guanlong Logistics plans toincrease its holdings of the Company's unrestricted A-shares within six months after three trading days from the disclosure date ofthe increase plan by means of centralized bidding or block trade through the trading system of Shenzhen Stock Exchange, with theproportion of increase not less than 5% of the Company's total capital stock and not more than 6.26% of the Company's totalcapital stock. On the evening of March 22, 2023, the Company disclosed the "Announcement on Shareholders' Increase ofCompany Shares and Subsequent Increase Plan" (Announcement No. 2023-006).

IV. Quarterly financial statements(I) Financial statements

1. Consolidated Balance Sheet

Prepared by CSG Holding Co., Ltd.

March 31, 2023

Unit: RMB

ItemEnding balanceOpening balance
Current asset:
Monetary Fund2,214,555,1374,604,607,779
Notes receivable541,411,494156,943,437
Accounts receivable1,696,421,7121,179,992,784
Receivables financing916,276,4171,095,412,643
Prepayments210,842,851183,629,823
Other receivables186,479,334193,847,322
Inventories2,042,154,1491,783,941,982
Non-current assets due within one year40,000,00020,000,000
Other current assets188,123,840108,248,545
Total current assets8,036,264,9349,326,624,315
Non-current assets:
Investment real estate290,368,105290,368,105
Fixed assets12,548,990,54711,243,236,175
Construction in progress1,656,976,2742,520,362,291
Right-of-use asset9,748,1779,908,413
Intangible assets1,475,500,2141,438,102,666
Development expenditure51,791,44546,755,816
Goodwill8,593,3527,897,352
Long-term prepaid expenses5,860,1722,647,939
Deferred tax assets161,384,629161,489,749
Other non-current assets1,391,600,313856,620,485
Total non-current assets17,600,813,22816,577,388,991
Total assets25,637,078,16225,904,013,306
Current liabilities:
Short-term borrowings475,796,035345,000,000
Notes payable1,222,172,076994,557,496
Accounts payable2,443,169,0322,033,542,627
Contract liability357,825,101418,051,975
Employee benefits payable252,299,141473,616,428
Taxes payable178,935,981161,134,638
Other payables446,054,915537,065,184
Incl.: Interest payable10,028,88999,945,325
Non-current liabilities due within one year621,683,1332,481,433,006
Other current liabilities43,680,58550,407,240
Total current liabilities6,041,615,9997,494,808,594
Non-current liabilities:
Long-term borrowings5,184,512,8654,353,589,980
Lease liabilities3,606,6563,564,330
Long-term accounts payable107,669,051129,236,878
Deferred income436,619,775449,875,380
Deferred income tax liabilities96,757,06497,266,841
Total non-current liabilities5,829,165,4115,033,533,409
Total Liabilities11,870,781,41012,528,342,003
Owners' equity:
Share capital3,070,692,1073,070,692,107
Capital reserve596,997,085596,997,085
Other comprehensive income167,634,811170,860,478
Special reserves2,123,340731,580
Surplus reserve1,228,634,0011,228,634,001
Undistributed profits8,183,374,5427,786,968,455
Total owner's equity attributable to the parent company13,249,455,88612,854,883,706
Minority shareholders' equity516,840,866520,787,597
Total owner's equity13,766,296,75213,375,671,303
Total Liabilities and Owner's Equity25,637,078,16225,904,013,306

Legal Representative: Chen Lin, Responsible person in charge of the accounting: Wang Wenxin, Principal of the financialdepartment: Wang Wenxin

2. Consolidated Income Statement

Unit: RMB

ItemAmount incurred in the report periodAmount incurred in the previous period
I. Total operating revenue4,070,673,7842,785,709,687
Incl. :Business income4,070,673,7842,785,709,687
II. Total business cost3,635,165,2422,385,993,949
Incl.: Business cost3,165,542,0521,996,135,271
Taxes and surcharges36,882,57129,430,897
Sales expense74,847,11462,182,177
Management costs160,804,139155,690,153
Research and development expenses161,274,469111,661,597
Financial expenses35,814,89730,893,854
Incl. : Interest expense65,810,69043,766,699
Interest income30,647,15014,681,526
Plus: Other income24,951,87348,350,708
Investment income (“-” for loss)756,3838,493,186
Credit impairment loss (“-” for loss)-9,860,184-4,406,594
Asset impairment loss (“-” for loss)1,456
Income on disposal assets (“-” for loss)164,7803,067,343
III. Operational profit (“-” for loss)451,521,394455,221,837
Plus: non-operating income7,959,6661,658,098
Less: non-operating expenses378,2462,619,997
IV. Gross profit (“-” for loss)459,102,814454,259,938
Less: Income tax expenses66,643,45866,600,517
V. Net profit (“-” for net loss)392,459,356387,659,421
(I) Classification by business continuity
1. Net profit from continuous operation(“-” for net loss)392,459,356387,659,421
(II) Classification by ownership
1. Net profit attributable to the owner of the parent company396,406,087383,682,831
2. Minor shareholders’ equity-3,946,7313,976,590
VI. Net after-tax amount of other comprehensive income-3,225,667-539,838
Net after-tax amount of other comprehensive income attributable to the owner of the parent company-3,225,667-539,838
(I) Other comprehensive income that will be reclassified into profit or loss-3,225,667-539,838
1. Foreign-currency financial statement translation difference-3,225,667-539,838
VII. Total comprehensive income389,233,689387,119,583
Total comprehensive income attributable to owners of the Company393,180,420383,142,993
Total comprehensive income attributable to minority shareholders-3,946,7313,976,590
VIII. Earnings per share
(I) Basic earnings per share0.130.12
(II) Diluted earnings per share0.130.12

Legal Representative: Chen Lin, Responsible person in charge of the accounting: Wang Wenxin, Principal of the financialdepartment: Wang Wenxin

3. Consolidated Cash Flow Statement

Unit: RMB

ItemAmount incurred in the report periodAmount incurred in the previous period
I. Net cash flow from business operation:
Cash received from sales of products and providing of services2,801,852,6502,975,194,851
Refunds of taxes34,104,2926,174,213
Received other cash related to business activities60,831,54445,200,715
Subtotal of cash inflow from operating activities2,896,788,4863,026,569,779
Cash paid for the purchase of goods and services2,100,360,3481,997,455,533
Cash paid to and for employees702,164,873592,412,995
Payments of all types of taxes256,715,266232,790,434
Payment of other cash related to business activities121,955,178101,853,755
Subtotal of cash outflow from operating activities3,181,195,6652,924,512,717
Net cash flow from operating activities-284,407,179102,057,062
II. Cash flows from investing activities:
Cash received from returns on investment20,000,0001,149,600,000
Cash received from returns on investment income399,6118,095,668
Net cash received from the disposal of fixed assets, intangible assets and other long-term assets65,450978,036
Cash received relating to other investing activities37,892,400
Subtotal of cash inflows from investment activities58,357,4611,158,673,704
Cash paid for the purchase and construction of fixed assets, intangible assets and other long-term assets1,073,365,254784,088,536
Cash paid for investment1,148,160,000
Cash paid relating to other investing activities696,000
Subtotal of cash outflows from investing activities5,319,802
Net cash flows from investing activities1,074,061,2541,937,568,338
III. Cash flow from financing activities:-1,015,703,793-778,894,634
Cash received from the loan
Other financing-related cash received1,126,732,597489,156,004
Subtotal of cash inflows from financing activities1,126,732,597489,156,004
Cash paid for debt repayment2,025,923,666100,000,000
Cash paid for dividends, profits or interest payments168,432,518144,617,231
Payment of other cash related to financing activities23,054,27423,817,019
Subtotal of cash outflows from financing activities2,217,410,458268,434,250
Net cash flow from financing activities-1,090,677,861220,721,754
IV. Influence of exchange rate alternation on cash and cash equivalents-2,330,42468,620
V. Net increase in cash and cash equivalents-2,393,119,257-456,047,198
Plus: Balance of cash and cash equivalents at the beginning of term4,594,018,2512,756,477,572
VI. Balance of cash and cash equivalents at the end of term2,200,898,9942,300,430,374

Legal Representative: Chen Lin, Responsible person in charge of the accounting: Wang Wenxin, Principal of the financialdepartment: Wang Wenxin(II) Report of the Auditors

Whether the First Quarter Report has been audited or not

□ Yes √ No

The First Quarter Report hasn’t been audited.

Board of Directors ofCSG Holding Co., Ltd.26 April 2023


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