2023-10-30-深交所-南_玻Ｂ_2023年第三季度报告（英文版）_13页_387kb

Summary of CSG HOLDING CO., LTD. Third Quarter Report 2023

Financial Performance Overview

The third-quarter financial report for CSG HOLDING CO., LTD. shows mixed results. Operating income reached RMB 5,090,592,927, representing an 18.81% increase compared to the same period in 2022. However, net profit attributable to shareholders decreased by 11.11% to RMB 577,193,230. Net assets attributable to shareholders grew by 7.85% to RMB 13,864,253,102, while total assets increased by 11.49% to RMB 28,880,915,246. Net cash flow from operating activities was RMB 1,624,246,272, showing slight growth. Basic earnings per share decreased 9.52% to RMB 0.19, and Weighted Average ROE fell 1.17% to 4.18%.

Non-Recurring Gains and Losses

The report includes non-recurring items totaling RMB 39,148,031 for the quarter, which is a decrease from RMB 90,388,043 in the prior year. This primarily involved governmental subsidies, fair value changes, and impairment reversals. No other non-recurring gains or losses met the definition specified in the report.

Key Changes in Financial Statements

Significant changes occurred in assets and liabilities, driven by business activities. For instance, accounts receivable increased 92% due to higher PV glass sales, and notes payable rose 77% from note issuances. However, monetary funds decreased significantly due to bond redemption. The reasons for most changes are detailed in the notes, such as tax adjustments, operational spending, and restructuring costs.

Shareholder Information

As of October 2023, the company had a total of 159,984 common shareholders. Top shareholders include Foresea Life Insurance Co., Ltd. with holdings accounting for 15.19% of shares, followed by other insurance entities and foreign institutional investors like Vanguard. Shareholdings are mostly unrestricted, and no significant margin trading activity is reported.

Other Important Matters

The company issued ultra-short-term financing bills and medium-term notes with registered limits, and public corporate bonds were previously issued but fully redeemed by March 2023. External guarantees total USD 21.832 billion, with no overdue guarantees. Legal matters include a lawsuit for RMB 171 million related to talent recruitment, currently under judgment. No re-election issues for the board exist, as directors continue their duties pending elections.

Financial Statements Highlights

• Consolidated balance sheet: Total assets up 11.49% to RMB 28.88 billion.
• Income statement: Net profit of RMB 1.46 billion, with basic EPS at RMB 0.48.
• Cash flow statement: Operating cash flow generated RMB 1.62 billion, with net changes in financing and investing activities noted.

The report was unaudited and confirmed by the Chairman, Chen Lin.