深赛格B：2024年第一季度报告(英文版)

查股网 2024-04-26 深赛格(000058)公司公告

Stock code: 000058, 200058 Stock abbreviation: SHEN SEG A, SHEN SEG B Notice No.: 2024-029

Shenzhen SEG Co., Ltd.The First Quarterly Report for 2024The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate andcomplete, and there are no false records, misleading statements or material omissions.

Important Notice:

1. The Board of Directors, the Board of Supervisors and the Directors, Supervisors and senior management guarantee that thequarterly report is true, accurate and complete, without any false records, misleading statements or material omissions, and thatthey assume individual and joint legal responsibility.

2. The person in charge of the Company, head of accounting work and head of accounting institution (accounting officer incharge) declare that they guarantee the truthfulness, accuracy and completeness of the financial information in the quarterly report.

3. Whether the First Quarterly Report has been audited

□ Yes ?No

I. Main Financial Data(I) Main accounting data and financial indicatorsWhether the Company needs to perform retrospective adjustment or restatement of accounting data for previous years

□ Yes ?No

	Current period	Same period of previous year	Changes over same period of previous year
Operating income (yuan)	414,161,145.61	445,269,320.85	-6.99%
Net profit attributable to shareholders of the listed company (yuan)	24,867,650.31	32,905,373.52	-24.43%
Net profit attributable to shareholders of the listed company after deducting non-recurring profit and loss (yuan)	24,648,777.29	30,118,279.30	-18.16%
Net cash flow from operating activities (yuan)	-42,261,121.35	-18,380,969.22	-129.92%
Basic earnings per share (yuan/share)	0.0202	0.0267	-24.34%
Diluted earnings per share (yuan/share)	0.0202	0.0267	-24.34%
Weighted average return on equity	1.23%	1.69%	-0.46%
	End of current period	End of previous year	Changes over end of previous year
Total assets (yuan)	5,351,979,268.88	5,380,146,949.27	-0.52%
Owner's equity attributable to shareholders of the listed company (yuan)	2,029,736,340.63	2,006,490,243.66	1.16%

(II) Non-recurring items and amounts

?Applicable □ Not applicable

Unit: RMB/yuan

Item	Amount of current period	Description
Profits or losses from the disposal of non-current asset (including the write-off that accrued for impairment of assets)	-97,998.41
Governmental subsidy included in current profit and loss (excluding the governmental subsidies closely related to the Company's normal operating business that conform to national policies and are enjoyed continuously in accordance with certain standard rating or quota)	209,311.48
Profits/losses from assets entrusted to	569,481.11

others for investment or management
Trustee fee from entrusted operations	31,026.40
Other non-operating income and expense except for the above items	-254,360.62
Other profit and loss items that qualify the definition of non-recurring profit and loss	64,982.59
Less: Affected income tax	85,319.63
Affected minority equity (after-tax)	218,249.90
Total	218,873.02	--

Details of other profit and loss items that qualify the definition of non-recurring profit and loss?Applicable □ Not applicableFor investment income calculated through the equity method, the Company discloses the non-recurring profit and loss of HuakongSEG Co., Ltd. enjoyed based on shareholding as its non-recurring profit and loss.Descriptions where the Company defines any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement onInformation Disclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and lossitems during the reporting period?Applicable □ Not applicable

Item	Amount (yuan)	Reason
Additional input VAT credits deduction and exemption	383,197.76	Comply with national policies and regulations and occur continuously
Handling fee refund for withholding individual income tax	189,226.83	Comply with national policies and regulations and occur continuously

(III) Changes of main accounting data and financial indicators and reasons for the changes?Applicable □ Not applicable(I) Consolidated balance sheet

Unit: RMB/yuan

Item	Closing balance	Opening balance	Difference	Changes over the period	Reason for the difference
Financial assets held for trading	155,683,592.18	52,779,414.11	102,904,178.07	194.97%	Mainly due to the Company’s purchase of wealth management products
Non-current assets due within one year	0.00	83,165,555.49	-83,165,555.49	-100.00%	Mainly due to withdrawal of large-denomination Certificate of Deposit
Other comprehensive income	-6,045,803.96	-4,424,250.62	-1,621,553.34	-36.65%	Mainly due to changes in fair value of the Company's investments in other equity instruments

(II) Consolidated income statement

Unit: RMB/yuan

Item	Amount of the current period	Amount of the same period of the previous year	Difference	Changes over the same period of the previous year	Reason for the difference
Other income	781,736.07	2,953,995.38	-2,172,259.31	-73.54%	Mainly due to the year-on-year decrease in government subsidies received in the current period
Investment income	-2,612,244.01	-1,399,447.34	-1,212,796.67	-86.66%	Mainly due to the year-on-year decrease in income from wealth management products recognized by the Company in the current period
Credit impairment loss	5,212.64	1,400.00	3,812.64	272.33%	Mainly due to the increase in the write-back of bad debts in the current period
Non-operating income	321,660.10	804,286.03	-482,625.93	-60.01%	Mainly due to the year-on-year decrease in government subsidies that are not related to daily activities and received by the Company in the current period

(III) Consolidated cash flow statement

Unit: RMB/yuan

Item	Amount of the current period	Amount of the same period of the previous year	Difference	Changes over the same period of the previous year	Reason for the difference
Net cash flows from operating activities	-42,261,121.35	-18,380,969.22	-23,880,152.13	-129.92%	Mainly due to the year-on-year decrease in cash received from selling commodities and offering labor in the current period
Net cash flows from investing activities	-30,233,048.04	34,275,229.56	-64,508,277.60	-188.21%	Mainly due to the year-on-year increase in the net value of the wealth management products purchased by the Company in the current period
Net increase in cash and cash equivalents	-86,314,320.43	-3,102,976.95	-83,211,343.48	-2681.66%	Mainly due to the year-on-year decrease in net cash flows generated from operating activities and investing activities in the current period

II. Shareholder Information(I) Total number of ordinary shareholders, number of preferred shareholders whose voting rights wereresumed and shareholdings of top 10 shareholders

Unit: share

Total number of ordinary shareholders at the end of the reporting period		66,658	Total number of preferred shareholders whose voting rights were resumed at the end of the reporting period (if any)			0
Shareholdings of top 10 shareholders (excluding shares lent through margin securities loan)
Name of shareholder	Nature of shareholder	Shareholding percentage (%)	Number of shares	Number of restricted shares	Pledged, marked or frozen
					Share status	Number
Shenzhen SEG Group Co., Ltd.	State-owned legal person	56.54%	696,163,182.00	0.00	Not applicable	0.00
Liu Guocheng	Domestic	0.60%	7,442,702.00	0.00	Not applicable	0.00

	natural person
LISHERYNZHANMING	Foreign natural person	0.55%	6,712,100.00	0.00	Not applicable	0.00
Hong Kong Securities Clearing Co., Ltd.	Foreign legal person	0.44%	5,445,478.00	0.00	Not applicable	0.00
Liu Guohong	Domestic natural person	0.31%	3,773,846.00	0.00	Not applicable	0.00
Li Xiaosong	Domestic natural person	0.30%	3,636,577.00	0.00	Not applicable	0.00
Gong Qianhua	Foreign natural person	0.24%	2,940,000.00	0.00	Not applicable	0.00
Wang Jinjun	Domestic natural person	0.17%	2,100,000.00	0.00	Not applicable	0.00
Xu Yueying	Domestic natural person	0.16%	2,017,000.00	0.00	Not applicable	0.00
Su Yi	Domestic natural person	0.12%	1,530,613.00	0.00	Not applicable	0.00
Top 10 shareholders not subject to selling restrictions
Name of shareholder		Number of unrestricted shares			Type
Name of shareholder		Number of unrestricted shares			Type	Number
Shenzhen SEG Group Co., Ltd.		696,163,182.00			RMB-denominated ordinary shares	696,163,182.00
Liu Guocheng		7,442,702.00			Domestic listed foreign shares	7,442,702.00
LISHERYNZHANMING		6,712,100.00			Domestic listed foreign shares	6,712,100.00
Hong Kong Securities Clearing Co., Ltd.		5,445,478.00			RMB-denominated ordinary shares	5,445,478.00
Liu Guohong		3,773,846.00			Domestic listed foreign shares	3,773,846.00
Li Xiaosong		3,636,577.00			RMB-denominated ordinary shares	3,636,577.00
Gong Qianhua		2,940,000.00			Domestic listed foreign shares	2,940,000.00
Wang Jinjun		2,100,000.00			Domestic listed foreign shares	2,100,000.00
Xu Yueying		2,017,000.00			Domestic listed foreign shares	2,017,000.00
Su Yi		1,530,613.00			Domestic listed foreign shares	1,530,613.00
Description on the related relationship or persons acting-in-concert arrangements among the above shareholders			There is no related party relationship between SEG Group and other shareholders, nor are they persons acting in concert as stipulated in the Administrative Measures on Acquisition of Listed Companies. It is unknown to the Company whether other shareholders are related parties or persons acting in concert.
Description on the top 10 shareholders’ participation in margin trading and securities lending business (if any)			Li Xiaosong, a domestic natural person, holds 3,636,577 shares of the Company, all through the credit account of margin trading and securities lending investors.

Participation of margin securities loan by top 10 shareholders

□ Applicable ?Not applicable

Changes of top 10 shareholders and top 10 shareholders without selling restrictions over the previous period due to the lending or

return of shares lent through margin securities loan

□ Applicable ?Not applicable

(II) Total number of preferred shareholders and shareholdings of top 10 preferred shareholders

□ Applicable ?Not applicable

III. Other Significant Events?Applicable □ Not applicable

Overview	Date of disclosure	Website index for interim reports disclosed
1. Litigation and arbitration involving holding second-tier subsidiary	January 3, 2024	"Notice on the Progress of Litigation and Arbitration Involving Holding Second-tier Subsidiary" released on Juchao Website (http://www.cninfo.com.cn/)
2. Provision of financial assistance to its shareholder by holding subsidiary Changsha SEG Development Co., Ltd.	December 12, 2018	"Notice on the Provision of Financial Assistance to Its Shareholder by Holding Subsidiary Changsha SEG Development Co., Ltd." released on Juchao Website (http://www.cninfo.com.cn/)
	December 28, 2018	"Notice on the Resolution of the 6th Interim General Meeting in 2018" released on Juchao Website (http://www.cninfo.com.cn/)
	January 22, 2022	"Notice on the Progress of Providing Financial Assistance to Its Shareholder by Holding Subsidiary Changsha SEG Development Co., Ltd." released on Juchao Website (http://www.cninfo.com.cn/)
	March 2, 2022	"Notice on the Progress of Providing Financial Assistance to Its Shareholder by Holding Subsidiary Changsha SEG Development Co., Ltd." released on Juchao Website (http://www.cninfo.com.cn/)
	April 30, 2022	"Notice on the Progress of Providing Financial Assistance to Its Shareholder by Holding Subsidiary Changsha SEG Development Co., Ltd." released on Juchao Website (http://www.cninfo.com.cn/)
	January 3, 2024	"Notice on the Progress of Providing Financial Assistance to Its Shareholder by Holding Subsidiary Changsha SEG Development Co., Ltd." released on Juchao Website (http://www.cninfo.com.cn/)
3. Subsidiary’s plan to sell stock assets	September 16, 2023	"Notice on the Resolution of the 46th Interim Meeting of the 8th Board of Directors" and "Notice on the Subsidiary’s Plan to Sell Stock Assets" released on Juchao Website (http://www.cninfo.com.cn/)
3. Subsidiary’s plan to sell stock assets	January 3, 2024	"Notice on the Progress of the Subsidiary’s Sale of Stock Assets" released on Juchao Website (http://www.cninfo.com.cn/)
4. Amendment of the "Articles of Association"	January 6, 2024	"Notice on the Resolution of the 49th Interim Meeting of the 8th Board of Directors", "Revision Draft of 'Articles of Association'" and "Revision Comparison Table for the 'Articles of Association'" released on Juchao Website (http://www.cninfo.com.cn/)

	January 23, 2024	"Notice on the Resolution of the 1st Interim General Meeting in 2024" and "Articles of Association" released on Juchao Website (http://www.cninfo.com.cn/)
5. By-election of the Company's independent directors	January 20, 2024	"Notice on the By-Election of Independent Directors of the Company", "Notice on the Resolution of the 50th Interim Meeting of the 8th Board of Directors", "Statement and Commitment of the Nominated Independent Director of Shenzhen SEG Co., Ltd.", and "Statement and Commitment of the Independent Director Candidate of Shenzhen SEG Co., Ltd." released on Juchao Website (http://www.cninfo.com.cn/)
5. By-election of the Company's independent directors	February 7, 2024	"Notice on the Resolution of the 2nd Interim General Meeting in 2024" released on Juchao Website (http://www.cninfo.com.cn/)
6. Revision of the Guarantee Management Measures	January 20, 2024	"Notice on the Resolution of the 50th Interim Meeting of the 8th Board of Directors" and "Guarantee Management Measures" released on Juchao Website (http://www.cninfo.com.cn/)
6. Revision of the Guarantee Management Measures	February 7, 2024	"Notice on the Resolution of the 2nd Interim General Meeting in 2024" and "Guarantee Management Measures" released on Juchao Website (http://www.cninfo.com.cn/)
7. Performance Forecast for 2023	January 27, 2024	"Performance Forecast for 2023" released on Juchao Website (http://www.cninfo.com.cn/)

8. Purchase of wealth management products

with own idle funds

8. Purchase of wealth management products with own idle funds	March 29, 2024	"Notice on Purchasing Wealth Management Products with Own Idle Funds" released on Juchao Website (http://www.cninfo.com.cn/)
9. Asset impairment provision for 2023	March 29, 2024	"Notice on the Company's Provision for Impairment of Various Assets for 2023" released on Juchao Website (http://www.cninfo.com.cn/)

IV. Quarterly Financial Statements

(I) Financial statements

1. Consolidated balance sheet

Prepared by: Shenzhen SEG Co., Ltd.

March 31, 2024

Unit: RMB/yuan

Item	Closing balance	Opening balance
Current assets:
Monetary funds	1,061,654,731.32	1,166,956,285.34
Provision for settlement
Lending funds
Trading financial assets	155,683,592.18	52,779,414.11
Derived financial assets
Notes receivable	13,500,381.30	12,063,057.15
Accounts receivable	347,303,755.74	302,691,765.12

Financing of accounts receivable	1,337,973.85	1,337,973.85
Prepayment	3,636,696.34	3,706,720.47
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables	78,748,473.83	77,657,467.60
Including: Interests receivable
Dividends receivable
Redemptory monetary capital for sale
Inventory	1,630,351,790.42	1,606,158,355.62
Including: Data resources
Contract assets	12,288,189.73	13,174,295.92
Held-for-sale assets
Non-current assets due within one year		83,165,555.49
Other current assets	64,212,273.65	61,400,766.70
Total current assets	3,368,717,858.36	3,381,091,657.37
Non-current assets:
Loans issued and advance in cash
Investment of creditor's rights
Other investment of creditor's rights
Long-term receivables	5,538,631.13	5,610,026.78
Long-term equity investment	266,468,817.47	269,650,542.59
Investment of other equity instruments	25,972,985.90	28,084,268.75
Other non-current financial assets
Investment real estate	911,876,261.89	926,114,596.02
Fixed assets	338,308,272.81	345,919,556.12
Construction in process	25,026,452.92	21,296,613.06
Productive biological assets
Oil and gas assets
Right-to-use assets	207,388,991.32	200,363,550.54
Intangible assets	20,998,705.04	20,954,525.45
Including: Data resources
Development expenditure
Including: Data resources
Goodwill	68,855,697.76	68,855,697.76
Long-term unamortized expenses	30,533,738.17	30,446,353.63
Deferred income tax assets	80,460,101.81	79,926,806.90
Other non-current assets	1,832,754.30	1,832,754.30
Total non-current assets	1,983,261,410.52	1,999,055,291.90
Total assets	5,351,979,268.88	5,380,146,949.27
Current liabilities:
Short-term loans	225,284,861.11	225,284,861.11
Borrowings from central bank
Borrowing funds
Trading financial liabilities
Derived financial liabilities
Notes payable
Accounts payable	472,522,732.16	451,943,075.48
Advance receipts	131,271,056.75	146,671,712.58
Contract liabilities	26,927,877.03	28,930,290.52
Financial assets sold for repurchase
Deposits from customers and interbank

Acting trading securities
Acting underwriting securities
Payroll payable	105,859,166.20	143,535,971.66
Taxes payable	173,823,044.01	177,529,281.44
Other payables	863,800,954.36	857,784,084.40
Including: Interests payable
Dividends payable	24,987,218.08	28,281,997.08
Service charge and commission payable
Reinsurance accounts payable
Held-for-sale liabilities
Non-current liabilities due within one year	94,143,504.51	107,940,591.09
Other current liabilities	4,989,859.83	6,244,057.44
Total current liabilities	2,098,623,055.96	2,145,863,925.72
Non-current liabilities
Provision of insurance contracts
Long-term loans	522,598,481.87	519,380,201.10
Bonds payable
Include: preferred stock
Perpetual bonds
Lease liabilities	151,387,371.40	161,296,418.84
Long-term payables	3,550,426.94	3,490,890.53
Long-term payroll payable
Estimated liabilities	34,844,103.10	34,844,103.10
Deferred income	521,154.84	562,703.98
Deferred income tax liabilities	10,540,227.13	9,973,820.93
Other non-current liabilities
Total non-current liabilities	723,441,765.28	729,548,138.48
Total liabilities	2,822,064,821.24	2,875,412,064.20
Owner's equity:
Capital stock	1,231,200,672.00	1,231,200,672.00
Other equity instruments
Include: Preferred stock
Perpetual bonds
Capital reserve	165,950,347.39	165,950,347.39
Less: Treasury stocks
Other comprehensive income	-6,045,803.96	-4,424,250.62
Special reserve
Surplus reserve	194,165,563.17	194,165,563.17
General risk reserve
Undistributed profits	444,465,562.03	419,597,911.72
Total owners' equity attributable to the parent company	2,029,736,340.63	2,006,490,243.66
Minority equity	500,178,107.01	498,244,641.41
Total owners' equity	2,529,914,447.64	2,504,734,885.07
Total liabilities and owners' equity	5,351,979,268.88	5,380,146,949.27

Legal representative: Zhang Liang Head of accounting work: Xiao Jun Head of accounting institution: Xu Zhongyang

2. Consolidated income statement

Unit: RMB/yuan

Item	Amount incurred in the current period	Amount incurred in the prior period
I. Total operating income	414,161,145.61	445,269,320.85
Including: Operating income	414,161,145.61	445,269,320.85

Interest revenue
Premium earned
Income of service charge and commission
II. Total operating costs	364,995,473.80	384,360,060.26
Including: Operating costs	322,074,470.88	338,171,858.58
Interest expense
Expense of service charge and commission
Surrender value
Net payments for insurance claims
Net withdrawal of policy reserve
Bond insurance expense
Reinsurance expense
Taxes and surcharges	7,528,193.53	7,040,648.41
Selling expense	4,669,051.44	5,154,703.97
Administration expense	19,872,471.16	24,608,077.82
R&D expense	2,504,435.76	2,205,748.26
Financial expense	8,346,851.03	7,179,023.22
Include: Interest expense	6,872,340.90	8,937,348.65
Interest revenue	3,164,523.80	4,618,117.49
Plus: Other income	781,736.07	2,953,995.38
Income from investment ("–" means loss)	-2,612,244.01	-1,399,447.34
Include: Income from investment in joint ventures and cooperative enterprises	-3,181,725.12	-3,273,278.62
Income from financial asset derecognition measured at amortized cost
Exchange gains ("– "means loss)
Net income from exposed hedge ("– "means loss)
Income from fair value change ("–" means loss)
Credit impairment loss ("–" means loss)	5,212.64	1,400.00
Assets impairment loss ("–" means loss)
Income from assets disposal ("–" means loss)
III. Operating profits ("–" means loss)	47,340,376.51	62,465,208.63
Plus: Non-operating income	321,660.10	804,286.03
Less: Non-operating expense	674,019.13	677,151.60
IV. Total profits ("–" means loss)	46,988,017.48	62,592,343.06
Less: Income tax	18,832,704.83	19,737,901.29
V. Net profits ("–" means loss)	28,155,312.65	42,854,441.77

(1) By operation continuity
1. Net profits from continuous operation ("–" means loss)	28,155,312.65	42,854,441.77
2. Net profits from operation termination ("–" means loss)
(2) By attribution of ownership
1. Net profit attributable to the owner of parent company	24,867,650.31	32,905,373.52
2. Minority profit and loss	3,287,662.34	9,949,068.25
VI. After-tax net amount of other comprehensive income	-1,616,686.08	1,663,378.51
After-tax net amount of other comprehensive income attributable to the owner of parent company	-1,621,553.34	1,671,439.91
(1) Other comprehensive income that cannot be reclassified into profit and loss	-1,621,553.34	1,671,439.91
1. Remeasured variation of defined benefit plan
2. Other comprehensive income that cannot be transferred into profit and loss under the Equity Law
3. Change in the fair value of other investment of equity instruments	-1,621,553.34	1,671,439.91
4. Change in the fair value of the enterprise's credit risk
5. Others
(2) Other comprehensive income to be reclassified into profit and loss
1. Other comprehensive income that can be transferred into profit and loss under the Equity Law
2. Change in the fair value of other investments of creditor's rights
3. Amount of financial asset reclassified to other comprehensive income
4. Impairment provision for other investment of creditor's rights
5. Cash flow hedge reserve
6. Difference of translation of foreign currency financial statements
7. Others
After-tax net amount of other comprehensive income attributable to minority shareholders	4,867.26	-8,061.40
VII. Total comprehensive income	26,538,626.57	44,517,820.28
Total comprehensive income attributable to the owner of parent company	23,246,096.97	34,576,813.43
Total comprehensive income attributable to minority shareholders	3,292,529.60	9,941,006.85
VIII. Earnings per share:
(1) Basic earnings per share	0.0202	0.0267
(2) Diluted earnings per share	0.0202	0.0267

For business combinations of the current period under common control, the net profit realized by the combined party before the

combination was RMB0.00; the net profit realized by the combined party in last period was RMB0.00.Legal representative: Zhang Liang Head of accounting work: Xiao Jun Head of accounting institution: Xu Zhongyang

3. Consolidated cash flow statement

Unit: RMB/yuan

Item	Amount incurred in the current period	Amount incurred in the prior period
I. Cash flow from operating activities:
Cash from selling commodities and offering labor	379,184,967.53	443,160,330.36
Net increase in deposits from customers and interbank
Net increase in borrowings from central bank
Net increase in loans from other banks
Cash from premium of original insurance contract
Net cash from reinsurance business
Net increase in insurance policy holder's savings and investment
Cash from interests, service charge and commission
Net increase in borrowing funds
Net increase in repurchase business
Net cash from acting trading securities
Refund of tax and fee received	2,052.39	1,183,473.36
Other cash received related to operating activities	56,162,278.82	66,937,283.93
Subtotal of cash inflow from operating activities	435,349,298.74	511,281,087.65
Cash paid for commodities and labor	143,329,179.74	181,208,188.82
Net increase in customer loan and advance in cash
Net increase in borrowings from central bank and interbank
Cash paid for the compensation of original insurance contract
Net increase in lending funds
Cash paid for interests, service charge and commission
Cash paid for policy dividend
Cash paid to and for employees	180,551,266.58	199,103,710.22
Taxes and feeds paid	47,743,436.34	46,468,466.68
Other cash paid related to operating activities	105,986,537.43	102,881,691.15
Subtotal of cash outflow from operating activities	477,610,420.09	529,662,056.87
Net amount of cash flow from operating activities	-42,261,121.35	-18,380,969.22
II. Cash flow from investing activities:
Cash received from disposal of investments	118,095,821.93	93,800,000.00

Cash received from return on investments	3,869,481.11	1,873,831.18
Net amount of cash received from disposal of fixed assets, intangible assets and other long-term assets	170.00	1,300.00
Net amount of cash received from disposal of subsidiaries and other business entities
Other cash received related to investing activities
Subtotal of cash inflow from investing activities	121,965,473.04	95,675,131.18
Cash paid to acquire fixed assets, intangible assets and other long-term assets	11,198,521.08	18,899,901.62
Cash paid to acquire investments	141,000,000.00	42,500,000.00
Net increase in pledge loan
Net amount of cash paid to acquire subsidiaries and other business entities
Other cash paid related to investing activities
Subtotal of cash outflow from investing activities	152,198,521.08	61,399,901.62
Net amount of cash flow from investing activities	-30,233,048.04	34,275,229.56
III. Cash flow from financing activities:
Cash received from capital contribution
Including: Cash received by subsidiaries from absorbing minority shareholders' investment
Cash received from borrowings	18,824,000.00	16,576,185.81
Other cash received related to financing activities
Subtotal of cash inflow from financing activities	18,824,000.00	16,576,185.81
Cash paid to repay debts	14,221,872.76	12,876,250.00
Cash paid to distribute dividends and profits or pay interests	12,028,335.28	18,640,686.32
Including: Dividend and profit paid by subsidiaries to minority shareholders	1,359,064.00	10,240,000.00
Other cash paid related to financing activities	6,393,943.00	4,056,486.78
Subtotal of cash outflow from financing activities	32,644,151.04	35,573,423.10
Net amount of cash flow from financing activities	-13,820,151.04	-18,997,237.29
IV. Effect of foreign exchange changes on cash and cash equivalents
V. Net increase in cash and cash equivalents	-86,314,320.43	-3,102,976.95
Plus: Beginning balance of cash and cash equivalents	1,135,679,354.12	987,346,307.91
VI. Ending balance of cash and cash equivalents	1,049,365,033.69	984,243,330.96

(II) Description on the adjustment of relevant items in the financial statements at thebeginning of the year for the first time adoption of the new accounting standards since2024

□ Applicable ?Not applicable

(III) Report auditingWhether the First Quarterly Report has been audited

□ Yes ?No

The First Quarterly Report of the Company has not been audited.

Board of Directors of Shenzhen SEG Co., Ltd.

April 26, 2024

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