南玻B:2023年第三季度报告(英文版)
CSG HOLDING CO., LTD.
THE THIRD QUARTER REPORT 2023
Chairman of the Board:
CHEN LIN
October 2023
Stock code: 000012; 200012 Short form of the stock: CSG A; CSG B Notice No.: 2023-035
CSG HOLDING CO., LTD.THE THIRD QUARTER REPORT 2023The Company and all members of the Board of Directors guarantee that the information disclosed is true,accurate and complete, and there are no any fictitious statements, misleading statements, or important omissionscarried in this report.Important Content Notice:
1. Board of Directors and the Supervisory Committee of CSG Holding Co., Ltd. (hereinafter referred to as theCompany) and its directors, supervisors and senior executives hereby confirm that there are no any fictitiousstatements, misleading statements, or important omissions carried in this report, and shall take allresponsibilities, individual and/or joint, for the facticity, accuracy and completeness of the whole contents.
2. Principal of the Company, responsible person in charge of accounting and principal of the financialdepartment (accounting officer) confirm that the Financial Report enclosed in the Third Quarter Report of 2023of the Company is true, accurate and complete.
3. Whether the third quarter report has been audited or not
□Yes √No
This report is prepared both in Chinese and English. Should there be any inconsistency between the Chinese andEnglish versions, the Chinese version shall prevail.
I. Main financial data(I) Main accounting data and financial indicesWhether retrospective adjustment has been carried out on financial reports of previous periods or not
□Yes √No
The report period | Increase/decrease in comparison with the same period of the previous year | From 1 January to 30 September 2023 | Increase/decrease in comparison with the same period of 2022 | |
Operating income (RMB) | 5,090,592,927 | 18.81% | 13,479,933,172 | 24.77% |
Net profit attributable to shareholders of the listed company (RMB) | 577,193,230 | -11.11% | 1,466,672,010 | -11.14% |
Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) | 538,045,199 | -9.36% | 1,376,283,967 | -7.08% |
Net cash flow arising from operating activities (RMB) | — | — | 1,624,246,272 | 0.35% |
Basic earnings per share (RMB/Share) | 0.19 | -9.52% | 0.48 | -11.11% |
Diluted earnings per share (RMB/Share) | 0.19 | -9.52% | 0.48 | -11.11% |
Weighted average ROE | 4.18% | -1.17% | 10.98% | -2.83% |
The end of the report period | The end of the previous year | Increase/decrease in comparison with the end of the previous year | ||
Total assets (RMB ) | 28,880,915,246 | 25,904,013,306 | 11.49% | |
Net assets attributable to shareholders of the Company (RMB ) | 13,864,253,102 | 12,854,883,706 | 7.85% |
(II)Items and amounts of non-recurring gains and losses
√Applicable □Not applicable
Unit: RMB
Item | The report period | Amount from the beginning of year to the end of the report period | Note |
Gains/losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets) | 23,069 | 76,520 | |
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) | 41,825,659 | 90,402,558 | |
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 the holding of trading financial assets, trading financial liabilities, and the investment income from the disposal of trading financial assets, trading financial liabilities and available for sale financial assets | 786,344 | 2,320,525 | |
Reversal of provision for impairment of receivables that have been individually tested for impairment | 1,671,889 | 4,370,802 | |
Other non-operating income and expenditure except for the aforementioned items | 3,404,727 | 11,908,100 | |
Less: Impact on income tax | 7,871,335 | 16,829,412 | |
Impact on minority shareholders’ equity (post-tax) | 692,322 | 1,861,050 | |
Total | 39,148,031 | 90,388,043 | -- |
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 Disclosure ofCompanies Offering Securities to the Public - Non-recurring Profit and Loss were defined as recurring profit and loss items in thereport period.
(III) Particulars and explanations about significant changes in main accounting data and financial indices
√Applicable □Not applicable
The Group's major accounting statement items, financial indicators changes and reasons
Unit: RMB
Item of balance sheet | Note | 30 September 2023 | 1 January 2023 | Rate of increase/decrease |
Monetary fund | (1) | 2,614,449,508 | 4,604,607,779 | -43% |
Notes receivable | (2) | 969,647,201 | 156,943,437 | 518% |
Accounts receivable | (3) | 2,267,217,956 | 1,179,992,784 | 92% |
Receivables financing | (4) | 695,694,911 | 1,095,412,643 | -36% |
Non-current assets due within one year | (5) | 80,000,000 | 20,000,000 | 300% |
Other current assets | (6) | 182,005,690 | 108,248,545 | 68% |
Intangible assets | (7) | 2,364,243,320 | 1,438,102,666 | 64% |
Long-term prepaid expenses | (8) | 12,555,193 | 2,647,939 | 374% |
Other non-current assets | (9) | 1,337,857,166 | 856,620,485 | 56% |
Notes payable | (10) | 1,761,121,245 | 994,557,496 | 77% |
Accounts payable | (11) | 2,904,850,666 | 2,033,542,627 | 43% |
Non-current liabilities due within one year | (12) | 1,449,933,843 | 2,481,433,006 | -42% |
Other current liabilities | (13) | 131,757,363 | 50,407,240 | 161% |
Long-term payables | (14) | 87,123,485 | 129,236,878 | -33% |
Provisions | (15) | 7,649,259 | - | - |
Special reserves | (16) | 1,150,949 | 731,580 | 57% |
Item of income statement | Note | From January to September 2023 | From January to September 2022 | Rate of increase/decrease |
Operating costs | (17) | 10,411,924,063 | 7,693,520,877 | 35% |
Other income | (18) | 89,046,515 | 153,609,840 | -42% |
Investment income | (19) | -6,890,163 | 26,097,782 | -126% |
Credit impairment losses | (20) | -18,898,917 | -5,479,274 | 245% |
Asset impairment losses | (21) | -84,232 | 1,456 | -5885% |
Asset disposal income | (22) | 76,520 | 14,717,376 | -99% |
Non-operating expenses | (23) | 1,048,888 | 5,065,778 | -79% |
Income tax expense | (24) | 112,486,716 | 282,993,241 | -60% |
Minority shareholder gains and losses | (25) | -10,485,144 | 8,294,552 | -226% |
Net amount of other comprehensive income after tax | (26) | 9,139,505 | 13,866,992 | -34% |
Note:
(1) The decrease in monetary funds was mainly due to the redemption of maturing corporate bonds.
(2) The increase in notes receivable was mainly due to an increase in the collection of payments in the form of acceptance bills andan increase in notes used for pledge.
(3) The increase in accounts receivable was mainly due to the increase in sales revenue of photovoltaic glass.
(4) The decrease in receivables financing was mainly due to factors such as bill maturity and collection.
(5) The increase in non-current assets due within one year was mainly due to the fact that large certificates of deposit purchased in
the previous period would expire within one year.
(6) The increase in other current assets was mainly due to the increase in input taxes to be deducted.
(7) The increase of intangible assets was mainly due to the fact that the mining right payment prepaid in advance had obtained themining right certificate, and the transfer of other non-current assets to intangible assets.
(8) The increase in long-term prepaid expenses was mainly due to an increase in amortization items.
(9) The increase in other non-current assets was mainly due to the increase in prepayment for construction equipment.
(10) The increase in notes payable was mainly due to the increase in notes issued.
(11) The increase in accounts payable was mainly due to the increase in accounts payable for construction equipment andmaterials.
(12) The decrease in non-current liabilities due within one year was mainly due to the redemption of maturing corporate bonds.
(13) The increase in other current liabilities was mainly due to the issuance of electronic debt vouchers, etc.
(14) The decrease in long-term payables was mainly due to the payment of finance leases.
(15) The increase in provisions was mainly due to the increase in mine rehabilitation costs.
(16) The increase in special reserves was mainly due to the provision of special reserves.
(17) The increase in operating costs was mainly due to the increase in revenue from the production of photovoltaic glassproduction lines, which drove the increase in costs.
(18) The decrease in other income was mainly due to the decrease in the amortization of deferred income of certain subsidiaries.
(19) The decrease in investment income was mainly due to the decrease in structural deposit income in the current period.
(20) The increase in credit impairment losses was mainly due to the increase in accounts receivable for photovoltaic glass.
(21) The increase in asset impairment losses was mainly due to the provision for inventory depreciation in the current period andthe relatively small amount in the same period last year.
(22) The decrease in asset disposal income was mainly due to the relatively small amount of asset disposal in the current period.
(23) The decrease in non-operating expenses was mainly due to the decrease in donation expenses.
(24) The decrease in income tax expense was mainly due to factors such as the decrease in total profit.
(25) The decrease in minority shareholder gains and losses was mainly due to the decrease in net profit of non-wholly-ownedsubsidiaries.
(26) The decrease in net amount of other comprehensive income after tax was mainly due to changes in the translation differenceon foreign currency statements.II. Shareholder information
(I) Particulars about the total number of common shareholders and preference shareholders with votingrights recovered as well as the shareholdings of the top ten shareholders
Unit: Share
Total number of common shareholders at the end of the report period | 159,984 | Total number of preference shareholders with voting rights recovered at end of report period (if applicable) | 0 | ||||
Particulars about the shareholdings of the top ten shareholders | |||||||
Name of shareholder | Nature of shareholder | Proportion of shares held (%) | Amount of shares held | Amount of restricted shares held | Number of share pledged, marked or frozen | ||
Share status | Amount |
Foresea Life Insurance Co., Ltd. – HailiNiannian | Domestic non state-owned legal person | 15.19% | 466,386,874 | 0 | ||||
Foresea Life Insurance Co., Ltd. – Universal Insurance Products | Domestic non state-owned legal person | 3.86% | 118,425,007 | 0 | ||||
Foresea Life Insurance Co., Ltd. – Own Fund | Domestic non state-owned legal person | 2.11% | 64,765,161 | 0 | ||||
China Galaxy International Securities (Hong Kong) Co., Limited | Foreign legal person | 1.34% | 41,034,578 | 0 | ||||
China Merchants Securities (Hong Kong) Limited | Foreign legal person | 1.11% | 34,129,837 | 0 | ||||
China Life Insurance Co., Ltd. - Traditional - General Insurance Products - 005l-ct001 Hu | Other | 0.80% | 24,437,534 | 0 | ||||
Hong Kong Securities Clearing Company Limited | Foreign legal person | 0.76% | 23,212,868 | 0 | ||||
VANGUARD EMERGING MARKETS STOCK INDEX FUND | Foreign legal person | 0.64% | 19,595,573 | 0 | ||||
Zhongshan Runtian Investment Co., Ltd. | Domestic non state-owned legal person | 0.62% | 18,983,447 | 0 | Pledged | 18,980,000 | ||
Marked | 18,980,000 | |||||||
Frozen | 3,447 | |||||||
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | Foreign legal person | 0.57% | 17,537,213 | 0 | ||||
Particular about top ten shareholders with un-restricted shares held | ||||||||
Name of shareholder | Amount of unrestricted shares held | Type of shares | ||||||
Type | Amount | |||||||
Foresea Life Insurance Co., Ltd. – HailiNiannian | 466,386,874 | RMB ordinary shares | 466,386,874 | |||||
Foresea Life Insurance Co., Ltd. – Universal Insurance Products | 118,425,007 | RMB ordinary shares | 118,425,007 | |||||
Foresea Life Insurance Co., Ltd. – Own Fund | 64,765,161 | RMB ordinary shares | 64,765,161 | |||||
China Galaxy International Securities (Hong Kong) Co., Limited | 41,034,578 | Domestically listed foreign shares | 41,034,578 | |||||
China Merchants Securities (Hong Kong) Limited | 34,129,837 | Domestically listed foreign shares | 34,129,837 | |||||
China Life Insurance Co., Ltd. - Traditional - General Insurance Products - 005l-ct001 Hu | 24,437,534 | RMB ordinary shares | 24,437,534 | |||||
Hong Kong Securities Clearing Company Limited | 23,212,868 | RMB ordinary shares | 23,212,868 |
VANGUARD EMERGING MARKETS STOCK INDEX FUND | 19,595,573 | Domestically listed foreign shares | 19,595,573 |
Zhongshan Runtian Investment Co., Ltd. | 18,983,447 | RMB ordinary shares | 18,983,447 |
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND | 17,537,213 | Domestically listed foreign shares | 17,537,213 |
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. | ||
Description of the top 10 shareholders participating in margin trading (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 through the shares held by China Galaxy International Securities (Hong Kong) Co., Limited; onAugust 3, 2022, at the Company's Third Extraordinary General Meeting in 2022, Foresea Life Insurance Co., Ltd. voted in favor ofall proposals, and Zhongshan Runtian Investment Co., Ltd. voted against all proposals.
(II) Total number of preference shareholders and particulars about the shareholdings of the top tenpreference shareholders
□Applicable √Not applicable
III. Other important matters
√Applicable □ Not applicable
1. Ultra-short-term financing bills
On May 16, 2022, the Company's 2021 annual general meeting reviewed and approved the "Proposal on Application for Registrationand Issuance of Medium-Term Notes and Ultra-short-term Financing Bills", which agreed that the Company would register and issueultra-short-term financing bills with a registered amount of not more than 1 billion yuan, The Company can issue one or more timeswithin the validity period of the registration according to the actual capital needs and the capital situation of the inter-bank market.
2. Medium-term notes
On May 16, 2022, the Company's 2021 annual general meeting reviewed and approved the "Proposal on Application for Registrationand Issuance of Medium-term Notes and Ultra-short-term Financing Bills", which agreed that the Company would register and issuemedium-term notes with a registered amount of not more than 2 billion yuan. Actual capital needs and inter-bank market capitalstatus, can be issued one or more times within the validity period of registration.
3.Public issuance of corporate bonds
On 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 of
Shareholders 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 a termof no more than 10 years. On June 26, 2019, the Company received the “Approval of Approving CSG Holding Co., Ltd. to IssueCorporate Bonds to Qualified Investors” issued by China Securities Regulatory Commission (ZJXK [2019] No. 1140). On March 24,2020 and March 25, 2020, the Company issued the first batch of corporate bonds with total amount of RMB 2 billion and valid termof 3 years at the issuance rate of 6%, and completed the redemption and delisting on March 27, 2023 (the original redemption datefor this bond was March 25, 2023, but due to a statutory rest day, it was postponed to the first trading day thereafter).
4. Guarantee situation
The 2022 Annual General Meeting of the Company reviewed and passed the Proposal on the 2023 Guarantee Plan, and approved theCompany and its subsidiaries to provide guarantees in a total amount of not exceeding RMB 21,832 million (including effective butunexpired limit) for the 2023 credit lines from financial institutions to guaranteed entities within the scope of consolidated statements.Among them, the total amount of guarantees for all guaranteed entities with asset liability ratio of 70% or above shall not exceed theequivalent amount of RMB 920 million (including effective but unexpired limit). The Company’s external guarantees are allprovided for subsidiaries within the scope of consolidated statement. As of 30 September 2023, the actual guarantee balance wasRMB 5,855.02 million (of which the actual guarantee balance with asset liability ratio of 70% or above was RMB 351.82 million),accounting for 45.55% of the parent company’s net assets of RMB 12,854.88 million at the end of 2022, and 22.60% of the totalassets of RMB 25,904.01 million. The Company has no overdue guarantee.The Company’s 2022 Annual General Meeting reviewed and passed the Proposal on the Development of Asset Pool Business in 2023.In order to achieve the overall management of the Company’s assets such as bills and letters of credit, the General Meeting ofShareholders approved the Company and its subsidiaries to conduct asset pool business of no more than RMB 1,600 million. Underthe premise of controllable risks, various guarantee methods such as maximum pledge, general pledge, deposit certificate pledge, billpledge, and margin pledge can be adopted for business development. As of 30 September 2023, the actual pledge amount of the assetpool business was RMB 1,048.9947 million, and the financing balance was RMB 931.4523 million.
5. Public offering of A-share convertible corporate bonds
On 11 July 2022, the Company’s 2nd Extraordinary General Meeting of Shareholders in 2022 reviewed and approved relevantproposals on the Company's public offering of A-share convertible corporate bonds, and agreed to issue A-share convertiblecorporate bonds to raise a total amount not exceed RMB 2,800 million (inclusive), with a term of six years from the date of issuance.Due to factors such as changes in the capital market and the timing of financing, which resulted in immature application and issuanceconditions, the Company did not make any substantial progress on the public offering of A-share convertible corporate bonds duringthe valid period as resolved. As of 11 July 2023, the Company’s plan for the public offering of A-share convertible corporate bondsexpired and automatically lapsed. For further information, see the Announcement on the Expiry of the Plan for the Public Offering ofA-share Convertible Corporate Bonds (Announcement number: 2023-025) disclosed by the Company onhttp://www.cninfo.com.cn dated 12 July 2023.
6. The matter of the special fund of RMB 171 million for talent introduction
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 IntermediatePeople's Court officially accepted it on January 28, 2022. The first trial of the case was completed in Shenzhen IntermediatePeople's Court on June 21, 2022, and is currently awaiting judgment.
7. Postponed re-election of the Board of Directors and the Supervisory Committee
The term of office of the ninth Board of Directors and Supervisory Committee of the Company expired on 21 May 2023, and re-election is progressing steadily as of now. According to Articles 96 and 138 of the Articles of Association of CSG Holding Co., Ltd.,if a new director/supervisor is not re-elected in time upon the expiry of the term of office of a director/supervisor, before the re-elected director/supervisor assumes his/her office, the former director/supervisor shall still perform the duties of adirector/supervisor in accordance with the provisions of laws, administrative regulations, departmental rules and the Articles of
Association. Therefore, the members of the ninth Board of Directors and Supervisory Committee are still performing their dutiesin a normal manner, and the re-election of the Board of Directors and the Supervisory Committee would not have any adverseimpact on the Company’s operation and governance.IV. Quarterly financial statement(I) Financial Statements
1. Consolidated Balance Sheet
Prepared by CSG Holding Co., Ltd.
Unit: RMB
Item | 30 September 2023 | 1 January 2023 |
Current asset: | ||
Monetary capital | 2,614,449,508 | 4,604,607,779 |
Notes receivable | 969,647,201 | 156,943,437 |
Accounts receivable | 2,267,217,956 | 1,179,992,784 |
Receivables financing | 695,694,911 | 1,095,412,643 |
Prepayments | 166,718,419 | 183,629,823 |
Other receivables | 183,782,934 | 193,847,322 |
Inventory | 1,753,481,732 | 1,783,941,982 |
Non-current assets due within one year | 80,000,000 | 20,000,000 |
Other current assets | 182,005,690 | 108,248,545 |
Total current assets | 8,912,998,351 | 9,326,624,315 |
Non-current assets: | ||
Investment real estate | 290,368,105 | 290,368,105 |
Fixed assets | 13,100,158,756 | 11,243,236,175 |
Construction in progress | 2,615,282,414 | 2,520,362,291 |
Right-of-use assets | 9,430,367 | 9,908,413 |
Intangible assets | 2,364,243,320 | 1,438,102,666 |
Development expenditure | 57,266,554 | 46,755,816 |
Goodwill | 8,593,352 | 7,897,352 |
Long-term prepaid expenses | 12,555,193 | 2,647,939 |
Deferred tax assets | 172,161,668 | 161,489,749 |
Other non-current assets | 1,337,857,166 | 856,620,485 |
Total non-current assets | 19,967,916,895 | 16,577,388,991 |
Total assets | 28,880,915,246 | 25,904,013,306 |
Current liabilities: | ||
Short-term loan | 429,513,774 | 345,000,000 |
Notes payable | 1,761,121,245 | 994,557,496 |
Accounts payable | 2,904,850,666 | 2,033,542,627 |
Contractual liabilities | 459,591,197 | 418,051,975 |
Payroll payable | 374,306,675 | 473,616,428 |
Taxes payable | 204,332,044 | 161,134,638 |
Other payables | 458,564,453 | 537,065,184 |
Including: interest payable | 7,384,409 | 99,945,325 |
Non-current liabilities due within one year | 1,449,933,843 | 2,481,433,006 |
Other current liabilities | 131,757,363 | 50,407,240 |
Total current liabilities | 8,173,971,260 | 7,494,808,594 |
Non-current liabilities: | ||
Long term borrowing | 5,633,282,758 | 4,353,589,980 |
Lease liability | 3,691,309 | 3,564,330 |
Long- term payables | 87,123,485 | 129,236,878 |
Provisions | 7,649,259 | |
Deferred income | 432,794,175 | 449,875,380 |
Deferred income tax liabilities | 93,589,774 | 97,266,841 |
Total non-current liabilities | 6,258,130,760 | 5,033,533,409 |
Total Liabilities | 14,432,102,020 | 12,528,342,003 |
Owners' equity: | ||
Share capital | 3,070,692,107 | 3,070,692,107 |
Capital reserve | 590,739,414 | 596,997,085 |
Other comprehensive income | 179,999,983 | 170,860,478 |
Special reserves | 1,150,949 | 731,580 |
Surplus reserve | 1,228,634,001 | 1,228,634,001 |
Undistributed profit | 8,793,036,648 | 7,786,968,455 |
Total owner's equity attributable to the parent company | 13,864,253,102 | 12,854,883,706 |
Minority shareholders' equity | 584,560,124 | 520,787,597 |
Total owner's equity | 14,448,813,226 | 13,375,671,303 |
Total Liabilities and Owner's Equity | 28,880,915,246 | 25,904,013,306 |
Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin
2. Consolidated income statement from the beginning of the year to the end of the report period
Unit: RMB
Item | Balance of this period | Balance of last period |
I. Total operating income | 13,479,933,172 | 10,803,775,346 |
Including: operating income | 13,479,933,172 | 10,803,775,346 |
II. Total operating costs | 11,986,880,573 | 9,061,719,117 |
Including: Operating costs | 10,411,924,063 | 7,693,520,877 |
Taxes and surcharges | 119,629,477 | 101,698,686 |
sales expense | 227,015,823 | 218,466,493 |
Management costs | 566,835,376 | 508,685,496 |
R&D expenses | 547,735,584 | 433,359,500 |
Financial expenses | 113,740,250 | 105,988,065 |
Including: interest expense | 168,803,141 | 149,099,132 |
Interest income | 59,319,450 | 48,209,444 |
Plus: other income | 89,046,515 | 153,609,840 |
Investment income (“-” for loss) | -6,890,163 | 26,097,782 |
Credit impairment loss (“-” for loss) | -18,898,917 | -5,479,274 |
Asset impairment loss (“-” for loss) | -84,232 | 1,456 |
Asset disposal income (“-” for loss) | 76,520 | 14,717,376 |
III. Operating profit (“-” for loss) | 1,556,302,322 | 1,931,003,409 |
Plus: non-operating income | 13,420,148 | 15,878,218 |
Less: non-operating expenses | 1,048,888 | 5,065,778 |
IV. Gross profit (“-” for loss) | 1,568,673,582 | 1,941,815,849 |
Less: Income tax expenses | 112,486,716 | 282,993,241 |
V. Net profit (“-” for net loss) | 1,456,186,866 | 1,658,822,608 |
(I) Classification by business continuity | ||
1. Net profit from continuing operations (“-” for net loss) | 1,456,186,866 | 1,658,822,608 |
2. Net profit from discontinued operations (“-” for net loss) | ||
(II) )Classification by ownership | ||
1. Net profit attributable to the owners of parent company(“-” for net loss) | 1,466,672,010 | 1,650,528,056 |
2. Minor shareholders’ equity(“-” for net loss) | -10,485,144 | 8,294,552 |
VI. Net amount of other gains after tax | 9,139,505 | 13,866,992 |
Net amount of other gains after tax attributable to owners of parent company | 9,139,505 | 13,866,992 |
(I)Other comprehensive income that will be reclassified into profit or loss | 9,139,505 | 13,866,992 |
1. Foreign currency financial statement translation difference | 9,139,505 | 13,866,992 |
VII. Total comprehensive incomes | 1,465,326,371 | 1,672,689,600 |
(I)Total comprehensive incomes attributable to the owners of the parent company | 1,475,811,515 | 1,664,395,048 |
(II) Total comprehensive incomes attributable to the minor shareholders | -10,485,144 | 8,294,552 |
VIII. Earnings per share: | ||
(I) Basic earnings per share | 0.48 | 0.54 |
(II) Diluted earnings per share | 0.48 | 0.54 |
Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin
3. Consolidated cash flow statement from the beginning of the year to the end of the report period
Unit: RMB
Item | Balance of this period | Balance of last period |
I. Net cash flow from business operation | ||
Cash received from sales of products and providing of services | 12,804,613,983 | 11,127,539,633 |
Tax returned | 142,833,477 | 288,749,170 |
Other cash received from business operation | 241,778,916 | 138,811,038 |
Sub-total of cash inflow from business activities | 13,189,226,376 | 11,555,099,841 |
Cash paid for purchasing of merchandise and services | 8,894,605,626 | 7,571,106,945 |
Cash paid to staffs or paid for staffs | 1,639,320,393 | 1,358,371,110 |
Taxes paid | 723,844,134 | 675,024,573 |
Other cash paid for business activities | 307,209,951 | 331,986,406 |
Sub-total of cash outflow from business activities | 11,564,980,104 | 9,936,489,034 |
Net cash flow generated by business operation | 1,624,246,272 | 1,618,610,807 |
II. Cash flow generated by investing | ||
Cash received from investment recovery | 20,000,000 | 3,097,760,000 |
Cash received from investment income | 1,151,742 | 24,877,210 |
Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | 330,178 | 22,396,477 |
Other investment-related cash received | 37,246,122 | |
Sub-total of cash inflow due to investment activities | 58,728,042 | 3,145,033,687 |
Cash paid for construction of fixed assets, intangible assets and other long-term assets | 3,356,862,925 | 2,804,447,839 |
Cash paid for investment | 20,000,000 | 2,698,160,000 |
Obtain net cash payments from subsidiaries and other operating units | 696,000 | |
Other cash paid for investment activities | 10,076,360 | |
Sub-total of cash outflow due to investment activities | 3,377,558,925 | 5,512,684,199 |
Net cash flow generated by investment | -3,318,830,883 | -2,367,650,512 |
III. Cash flow generated by financing | ||
Absorb cash received from investment | 68,000,000 | 78,000,000 |
Including: cash received by the subsidiary from absorbing minority shareholders' investment | 68,000,000 | 78,000,000 |
Cash received as loans | 2,766,410,839 | 3,524,137,657 |
Other financing-related cash received | 12,000,000 | 8,927,153 |
Subtotal of cash inflow from financing activities | 2,846,410,839 | 3,611,064,810 |
Cash to repay debts | 2,430,592,680 | 718,073,523 |
Cash paid as dividend, profit, or interests | 748,477,707 | 832,800,949 |
Other cash paid for financing activities | 46,582,943 | 54,284,085 |
Subtotal of cash outflow due to financing activities | 3,225,653,330 | 1,605,158,557 |
Net cash flow generated by financing | -379,242,491 | 2,005,906,253 |
IV. Influence of exchange rate alternation on cash and cash equivalents | 5,115,862 | 9,486,463 |
V. Net increase of cash and cash equivalents | -2,068,711,240 | 1,266,353,011 |
Plus: Balance of cash and cash equivalents at the beginning of term | 4,594,018,251 | 2,756,477,572 |
VI. Balance of cash and cash equivalents at the end of term | 2,525,307,011 | 4,022,830,583 |
Legal Representative:Chen Lin Principal in charge of accounting: Wang Wenxin Principal of the financial department:Wang Wenxin
(II)Implementation of new accounting standards for the first time starting from 2023,and adjustment of the relevant items in the financial statements at the beginning of the yearfor the first implementation
□Applicable √Not applicable
(III) Report of the AuditorsWhether the Third Quarter Report has been audited or not
□ Yes √ No
The Third Quarter Report hasn’t been audited.
Board of Directors ofCSG Holding Co., Ltd.31 October 2023