[三季报]南 玻Ｂ:2021年第三季度报告（英文版）
CSG HOLDING CO., LTD. THE THIRD QUARTER REPORT 2021 Chairman of the Board: CHEN LIN October 2021 Stock code: 000012; 200012 Short form of the stock: CSG A; CSG B Notice No.: 2021-047 Bond code: 149079 Short form of the bond：20 CSG 01 THE THIRD QUARTER REPORT 2021 The 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 omissions carried in this report. Important Content Notice 1. Board of Directors and the Supervisory Committee of CSG Holding Co., Ltd. (hereinafter referred to as the Company) and its directors, supervisors and senior executives hereby confirm that there are no any fictitious statements, misleading statements, or important omissions carried in this report, and shall take all responsibilities, 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 financial department (accounting officer) confirm that the Financial Report enclosed in the Third Quarter Report of 2021 of 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 and English versions, the Chinese version shall prevail. I. Main financial data (I) Main accounting data and financial indices Whether 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 2021 Increase/decrease in comparison with the same period of 2020 Operating income (RMB) 3,632,036,581 19.32% 10,246,839,119 37.20% Net profit attributable to shareholders of the listed company (RMB) 157,313,336 -53.09% 1,509,830,801 107.73% Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses (RMB) 135,934,112 -56.68% 1,465,748,640 117.99% Net cash flow arising from operating activities (RMB) —— —— 2,635,490,553 57.52% Basic earnings per share (RMB/Share) 0.05 -54.55% 0.49 104.17% Diluted earnings per share (RMB/Share) 0.05 -54.55% 0.49 104.17% Weighted average ROE 1.39% -1.99% 13.96% 6.57% 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 ) 19,427,394,585 17,882,914,898 8.64% Net assets attributable to shareholders of the Company (RMB ) 11,414,758,913 10,212,989,847 11.77% (II) Items and amounts of non-recurring profit and loss √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) -1,909,809 -1,772,171 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) 22,378,464 57,162,536 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 5,155,457 8,827,787 Other non-operating income and expenditure except for the aforementioned items -803,413 -9,713,600 Less: Impact on income tax 2,975,335 8,360,220 Impact on minority shareholders’ equity (post-tax) 466,140 2,062,171 Total 21,379,224 44,082,161 -- Details of other profit and loss items that meet the definition of non-recurring profit and loss: □Applicable √Not applicable The Company had no other specific circumstances of profit and loss items that meet the definition of non-recurring profit and loss. Explanation on those non-recurring profit (gains)/loss listed in the “Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Non-recurring Profit and Loss” defined as recurring profit and loss □Applicable √Not applicable It did not exist that items defined as recurring profit and loss according to the lists of non-recurring profit and loss in the “Q&A Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the Public --- Non-recurring Profit and Loss” in the report period. (III) Particulars and explanations about significant changes in main accounting data and financial indices √Applicable □Not applicable Unit: RMB'0,000 Item of balance sheet Note 30 September 2021 31 December 2020 Increased/Decreased amount Rate Notes receivable (1) 11,736 20,797 -9,061 -44% Accounts receivable (2) 107,800 68,147 39,653 58% Trading financial assets (3) 100,000 - 100,000 - Advance payments (4) 16,029 8,593 7,436 87% Inventory (5) 116,511 81,516 34,995 43% Right-of-use assets (6) 906 - 906 - Development expenditure (7) 8,504 4,915 3,589 73% Long-term deferred expenses (8) 292 1,038 -746 -72% Deferred income tax assets (9) 26,810 19,498 7,312 38% Other non-current assets (10) 62,781 19,336 43,445 225% Short-term borrowings (11) 23,029 35,290 -12,261 -35% Notes payable (12) 23,594 14,485 9,109 63% Long-term payables (13) 20,246 - 20,246 - Item of income statement Note From January to September 2021 From January to September 2020 Increased/Decreased amount Rate Operating income (14) 1,024,684 746,828 277,856 37% R&D expenses (15) 37,069 26,542 10,527 40% Financial expenses (16) 11,927 18,432 -6,505 -35% Credit impairment losses (17) 772 551 221 40% Asset impairment losses (18) 69,845 10,201 59,644 585% Investment income (19) 883 - 883 - Asset disposal income (20) -177 -119 -58 49% Non-operating income (21) 1,079 635 444 70% Income tax expenses (22) 33,703 19,438 14,265 73% Net amount of other comprehensive income after tax (23) 142 -200 342 - Note: (1) The decrease in notes receivable was mainly due to the decrease in notes of some companies. (2) The increase in accounts receivable was mainly due to the increase in revenue of architectural glass companies. (3) The increase in trading financial assets was mainly due to the purchase of structured deposits. (4) The increase in advance payments was mainly due to the increase in advance payment for materials of some companies. (5) The increase in inventory was mainly due to the increase in raw material stocking and finished product inventory. (6) The increase in right-of-use assets was mainly due to adjustments in accordance with the new lease standards. (7) The increase in development expenditure was mainly due to the increase in R&D investment. (8) The decrease in long-term deferred expenses was mainly due to the adjustment in accordance with the new lease standard. (9) The increase in deferred income tax assets was mainly due to the provision of asset impairment losses. (10) The increase in other non-current assets was mainly due to prepayments for construction equipment of some companies' construction projects. (11) The decrease in short-term borrowings was mainly due to the repayment of part of the borrowings. (12) The increase in notes payable was mainly due to the increase in newly issued notes in the current period. (13) The increase in long-term payables was mainly due to the financial leasing business carried out by some companies. (14) The increase in operating income was mainly due to the increase in glass prices and the increase in electronic glass production capacity. (15) The increase in R&D expenses was mainly due to the increase in R&D investment. (16) The decrease in financial expenses was mainly due to the decrease in interest expenses. (17) The increase in credit impairment losses was mainly due to the increase in accounts receivable of some companies. (18) The increase in asset impairment losses was mainly due to the provision of asset impairment losses. (19) The increase in investment income was mainly due to the increase in income from the purchase of structured deposits. (20) Changes in asset disposal income were mainly due to the disposal of non-current assets. (21) The increase in non-operating income was mainly due to claim income and unpaid payments. (22) The increase in income tax expenses was mainly due to the increase in total profits. (23) The increase in net amount of other comprehensive income after tax was mainly due to changes in the translation differences in foreign currency statements. II. Shareholder information (I) Particulars about the total number of common shareholders and preference shareholders with voting rights 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 171,273 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 Foresea Life Insurance Co., Ltd. – Universal Insurance Products Domestic non state-owned legal person 3.86% 118,425,007 Zhongshan Runtian Investment Co., Ltd. Domestic non state-owned legal person 2.82% 86,633,447 Frozen and marked 86,633,447Note Hong Kong Securities Clearing Company Limited Foreign legal person 2.20% 67,481,241 Foresea Life Insurance Co., Ltd. – Own Fund Domestic non state-owned legal person 2.11% 64,765,161 China Merchants Securities (HK) Co., Limited State-owned legal person 1.35% 41,604,598 China Galaxy International Securities (Hong Kong) Co., Limited Foreign legal person 1.34% 41,219,778 Bank of China Limited - China Merchants Ruiwen Hybrid Securities Investment fund Other 0.96% 29,561,168 MORGAN STANLEY & CO. INTERNATIONAL PLC Foreign legal person 0.85% 26,002,636 VANGUARD EMERGING MARKETS STOCK INDEX FUND Foreign legal person 0.69% 21,266,997 Particulars about top ten shareholders with unrestricted 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 Zhongshan Runtian Investment Co., Ltd. 86,633,447 RMB ordinary shares 86,633,447 Hong Kong Securities Clearing Company Limited 67,481,241 RMB ordinary shares 67,481,241 Foresea Life Insurance Co., Ltd. – Own Fund 64,765,161 RMB ordinary shares 64,765,161 China Merchants Securities (HK) Co., Limited 41,604,598 Domestically listed foreign shares 41,604,598 China Galaxy International Securities (Hong Kong) Co., Limited 41,219,778 Domestically listed foreign shares 41,219,778 Bank of China Limited - China Merchants Ruiwen Hybrid 29,561,168 RMB ordinary shares 29,561,168 Securities Investment fund MORGAN STANLEY & CO. INTERNATIONAL PLC 26,002,636 Domestically listed foreign shares 26,002,636 VANGUARD EMERGING MARKETS STOCK INDEX FUND 21,266,997 Domestically listed foreign shares 21,266,997 Statement on associated relationship or consistent action among the above shareholders: 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.. Zhongshan Runtian Investment Co., Ltd. is a related legal person of Foresea Life Insurance Co., Ltd. and Chengtai Group Co., Ltd., another related legal person of Foresea Life Insurance Co., Ltd, which held 40,187,904 shares via China Galaxy International Securities (Hong Kong) Co., Limited. Except for the above-mentioned shareholders, it is unknown whether other shareholders belong to related party or have associated relationship regulated by the Management Regulation of Information Disclosure on Change of Shareholding for Listed Companies. Description of the top 10 shareholders participating in margin trading (if applicable) N/A Note: On September 22, 2021, 3,447 shares of the Company held by Zhongshan Runtian Investment Co., Ltd. were judicially frozen, and 86,630,000 shares of the Company held by it were judicially marked. (II) Total number of preference shareholders and particulars about the shareholdings of the top ten preference shareholders □Applicable √Not applicable III. Other important matters √Applicable □ Not applicable 1. Ultra-short-term financing bills On June 15, 2020, the Company the third extraordinary general meeting of shareholders 2020 deliberated and approved the proposal on application for registration and issuance of ultra-short-term financing bills and medium-term notes, which agreed that the Company should register and issue ultra-short-term financing bills with a registered amount not exceeding 1.5 billion yuan (the limit is not subject to the limit of 40% of net assets).With the period of validity of the quota not longer than two years, such ultra-short-term financing bills will be issued by installments in accordance with the actual capital needs of the Company and the situation of inter-bank market funds. On September 4, 2020, the NAFMII held its 102nd registration meeting in 2020 and decided to accept the registration of ultra-short-term financing bills with a total of 1.5 billion yuan and a validity period of two years. 2. Medium-term notes On April 15, 2016, the Shareholders’ General Meeting of 2015 of CSG deliberated and approved the proposal of application for registration and issuance of medium-term notes with total amount of RMB 0.8 billion, which could be issued by stages within period of validity of the registration according to the Company’s actual demands for funds and the status of inter-bank funds. On 2 March 2018, National Association of Financial Market Institutional Investors (NAFMII) held the 14th registration meeting of 2018, in which NAFMII decided to accept the registration of the Company’s medium-term notes, amounting to RMB 0.8 billion and valid for two years. Shanghai Pudong Development Bank Co., Ltd. and China CITIC Bank Corporation Limited were joint lead underwriters of these medium-term notes which could be issued by stages within period of validity of the registration. On May 4, 2018, the company issued the first medium-term notes with a total amount of 800 million yuan and a term of three years. The issue rate was 7%, and the redemption date was May 4, 2021. On June 15, 2020, the Third Extraordinary Shareholders’ General Meeting 2020 of CSG deliberated and approved the proposal on application for registration and issuance of ultra-short-term financing bills and medium-term notes, which agreed that the Company should register and issue medium-term notes with a registered amount not exceeding 1.5 billion yuan. With the period of validity of the quota not longer than two years, such ultra-short-term financing bills will be issued by installments in accordance with the actual capital needs of the Company and the situation of inter-bank market funds. On September 4, 2020, the NAFMII held the 102nd registration meeting in 2020 and decided to accept the company's registration of medium-term notes with a total of 1.5 billion yuan and a validity period of two years. 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 the Public 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 of Corporate Bonds to Qualified Investors” agreed to issue corporate bonds with a total issue of no more than RMB 2 billion and a term of no more than 10 years. On June 26, 2019, the Company received the “Approval of Approving CSG Holding Co., Ltd. to Issue Corporate 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 term of 3 years at the issuance rate of 6%, which will be redeemed on March 25, 2023. On March 12, 2020, the First Extraordinary General Meeting of Shareholders in 2020 reviewed and approved “the Proposal on the Public Issuance of Corporate Bonds for Qualified Investors”, agreed to issue corporate bonds with a total issue of no more than RMB 1.8 billion and a term of no more than 10 years. On April 22, 2020, the Company received the “Approval of Approving CSG Holding Co., Ltd. to Issue Corporate Bonds to Qualified Investors” issued by China Securities Regulatory Commission (ZJXK[2020] No. 784). 4. Non-public issuance of A shares The interim meeting of the 8th board of directors of the Company held on March 5, 2020 deliberated and approved the related proposals of non-public issuance of A shares, and agreed the Company to issue A shares privately. The proposals were deliberated and approved by the 2nd Extraordinary General Meeting of Shareholders of 2020 which held on April 16, 2020. In May 2020, the Company received the first feedback notice on the examination of administrative licensing projects of China Securities Regulatory Commission (No. 200819) issued by the China Securities Regulatory Commission, and published “Announcement on Reply to the Feedback of Application Documents For Non-public Offering of A shares” and “Announcement on the Revised Reply to the Feedback of Application Documents For Non-public Offering of A shares” on June 8, 2020 and June 29, 2020 respectively. On June 5, 2020, the Company held an interim meeting of the 9th board of directors, deliberated and approved the relevant proposals on adjusting the Company's non-public issuance of A shares. On July 6, 2020, the Issuance Audit Committee of China Securities Regulatory Commission reviewed the Company's application for non-public issuance of A shares. According to the audit results, the Company's application for non-public issuance of A shares was approved. On July 22, 2020, the Company received the “Reply on the Approval of Non-public Issuance of Shares of CSG” (ZJXK [2020] No. 1491) issued by China Securities Regulatory Commission. After obtaining the approval, the Company actively worked with intermediaries to promote various work concerning the non-public issuance of A shares. However, in view of changes in many factors such as the capital market environment, industrial development, the Company’s market value performance and the timing of equity financing, the Company did not implement this non-public issuance of A shares within the validity period of the approval document. The approval for the non-public issuance of A shares expired automatically. For details, please refer to the “Announcement on the Expiration of the Approval for the Non-public Issuance of A Shares” (Announcement No.: 2021-034) disclosed by the Company on July 15, 2021. For details, please refer to Juchao website (www.cninfo.com.cn). IV. Quarterly financial statement (I) Financial Statements 1. Consolidated Balance Sheet Prepared by CSG Holding Co., Ltd. Unit: RMB Item 30 September 2021 31 December 2020 Current asset: Monetary capital 1,871,402,444 2,125,788,903 Notes receivable 117,363,021 207,966,892 Accounts receivable 1,078,003,576 681,467,133 Receivables financing 344,259,699 382,527,782 Trading financial assets 1,000,000,000 Prepayments 160,293,540 85,928,641 Other receivables 232,093,751 200,969,854 Including: interest receivable 548,689 Accounts receivable 1,165,109,257 815,156,318 Other current assets 120,908,913 140,031,544 Total current assets 6,089,434,201 4,639,837,067 Non-current assets: Investment real estate 383,084,500 383,084,500 Fixed assets 8,439,734,838 9,145,644,569 Construction in progress 2,123,573,540 1,893,380,611 Right-of-use assets 9,062,969 Intangible assets 1,165,254,268 1,139,718,255 Development expenditure 85,037,981 49,153,407 Goodwill 233,375,693 233,375,693 Long-term prepaid expenses 2,923,547 10,381,937 Deferred tax assets 268,099,276 194,979,414 Other non-current assets 627,813,772 193,359,445 Total non-current assets 13,337,960,384 13,243,077,831 Total assets 19,427,394,585 17,882,914,898 Current liabilities: Short-term loan 230,285,400 352,895,571 Notes payable 235,943,376 144,851,192 Accounts payable 1,359,921,873 1,237,833,051 Contractual liabilities 316,240,169 296,776,624 Payroll payable 319,285,365 342,352,166 Taxes payable 233,426,746 194,921,071 Other payables 268,422,045 287,332,992 Including: interest payable 65,413,335 132,133,902 Non-current liabilities due within one year 815,934,639 927,531,709 Other current liabilities 36,668,284 34,586,292 Total current liabilities 3,816,127,897 3,819,080,668 Non-current liabilities: Long term borrowing 884,662,776 853,253,983 Bonds payable 1,995,930,764 1,994,020,348 Long-term payables 202,460,278 Deferred income 576,362,198 498,056,081 Deferred income tax liabilities 104,696,207 102,619,932 Total non-current liabilities 3,764,112,223 3,447,950,344 Total Liabilities 7,580,240,120 7,267,031,012 Owners' equity: Share capital 3,070,692,107 3,070,692,107 Capital reserve 596,997,085 596,997,085 Other comprehensive income 163,231,872 161,816,819 Special reserves 7,861,425 10,269,002 Surplus reserve 1,036,948,422 1,036,948,422 Undistributed profit 6,539,028,002 5,336,266,412 Total owner's equity attributable to the parent company 11,414,758,913 10,212,989,847 Minority shareholders' equity 432,395,552 402,894,039 Total owner's equity 11,847,154,465 10,615,883,886 Total Liabilities and Owner's Equity 19,427,394,585 17,882,914,898 Legal Representative:Chen Lin Principal in charge of accounting:Wang Jian 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 10,246,839,119 7,468,278,057 Including: operating income 10,246,839,119 7,468,278,057 II. Total operating costs 7,722,584,968 6,476,096,799 Including: Operating costs 6,400,847,816 5,201,703,098 Taxes and surcharges 111,599,883 86,665,765 sales expense 190,489,551 264,434,345 Management costs 529,685,405 473,556,859 R&D expenses 370,688,508 265,421,722 Financial expenses 119,273,805 184,315,010 Including: interest expense 143,830,594 217,928,435 Interest income 29,711,739 36,919,131 Plus: other income 58,931,951 72,359,096 Investment income (“-” for loss) 8,827,787 Credit impairment loss (“-” for loss) -7,717,483 -5,508,104 Asset impairment loss (“-” for loss) -698,445,226 -102,013,755 Asset disposal income (“-” for loss) -1,772,171 -1,188,304 III. Operating profit (“-” for loss) 1,884,079,009 955,830,191 Plus: non-operating income 10,787,406 6,346,088 Less: non-operating expenses 20,501,006 18,755,012 IV. Gross profit (“-” for loss) 1,874,365,409 943,421,267 Less: Income tax expenses 337,033,095 194,384,275 V. Net profit (“-” for net loss) 1,537,332,314 749,036,992 (I) Classification by business continuity 1. Net profit from continuing operations (“-” for net loss) 1,537,332,314 749,036,992 2. Net profit from discontinued operations (“-” for net loss) (II) )Classification by ownership 1. Net profit attributable to the owners of parent company 1,509,830,801 726,820,239 2. Minor shareholders’ equity 27,501,513 22,216,753 VI. Net amount of other gains after tax 1,415,053 -2,003,696 Net amount of other gains after tax attributable to owners of parent company 1,415,053 -2,003,696 (I)Other comprehensive income that will be reclassified into profit or loss 1,415,053 -2,003,696 1. Foreign currency financial statement translation difference 1,415,053 -2,003,696 VII. Total of misc. incomes 1,538,747,367 747,033,296 Total of misc. incomes attributable to the owners of the parent company 1,511,245,854 724,816,543 Total misc gains attributable to the minor shareholders 27,501,513 22,216,753 VIII. Earnings per share: (I) Basic earnings per share 0.49 0.24 (II) Diluted earnings per share 0.49 0.24 Legal Representative:Chen Lin Principal in charge of accounting:Wang Jian 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 11,135,251,168 7,925,278,113 Tax returned 44,144,512 39,215,039 Other cash received from business operation 221,571,516 127,134,715 Sub-total of cash inflow from business activities 11,400,967,196 8,091,627,867 Cash paid for purchasing of merchandise and services 6,134,735,322 4,434,760,362 Cash paid to staffs or paid for staffs 1,268,412,819 1,032,873,072 Taxes paid 971,119,640 507,631,010 Other cash paid for business activities 391,208,862 443,241,064 Sub-total of cash outflow from business activities 8,765,476,643 6,418,505,508 Net cash flow generated by business operation 2,635,490,553 1,673,122,359 II. Cash flow generated by investing Cash received from investment recovery 2,524,000,000 Cash received from investment income 8,279,098 Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets 2,854,205 1,079,253 Other investment-related cash received 51,141,888 378,880,449 Sub-total of cash inflow due to investment activities 2,586,275,191 379,959,702 Cash paid for construction of fixed assets, intangible assets and other long-term assets 1,273,366,856 759,625,919 Cash paid for investment 3,624,000,000 Other cash paid for investment activities 57,353,540 61,491,512 Sub-total of cash outflow due to investment activities 4,954,720,396 821,117,431 Net cash flow generated by investment -2,368,445,205 -441,157,729 III. Cash flow generated by financing Absorb cash received from investment 2,000,000 Including: cash received by the subsidiary from absorbing minority shareholders' investment 2,000,000 Cash received as loans 1,002,602,692 2,135,739,841 Cash received from bond issuance 1,991,680,000 Other financing-related cash received 206,137,185 3,819,801 Subtotal of cash inflow from financing activities 1,210,739,877 4,131,239,642 Cash to repay debts 1,204,775,831 4,483,618,135 Cash paid as dividend, profit, or interests 524,060,118 419,266,696 Other cash paid for financing activities 2,262,281 503,297,544 Subtotal of cash outflow due to financing activities 1,731,098,230 5,406,182,375 Net cash flow generated by financing -520,358,353 -1,274,942,733 IV. Influence of exchange rate alternation on cash and cash equivalents -1,073,454 -1,289,658 V. Net increase of cash and cash equivalents -254,386,459 -44,267,761 Plus: Balance of cash and cash equivalents at the beginning of term 2,124,028,196 1,831,835,030 VI. Balance of cash and cash equivalents at the end of term 1,869,641,737 1,787,567,269 (II) Note to the Adjustment of Financial Statements 1. Adjustment of financial statements at the beginning of the year according to the implementation of the new lease standard for the first time from 2021 √Applicable □Not applicable Whether it is necessary to adjust the balance sheet accounts at the beginning of the year √Yes □No According to the "Accounting Standards for Business Enterprises No. 21-Leases" (hereinafter referred to as the New Lease Standards) issued by the Ministry of Finance of the People's Republic of China in December 2018, companies that are listed at the same time both domestically and overseas as well as those listed overseas and adopt financial reporting standards or companies that implement the Accounting Standards for Business Enterprises shall take effect on January 1, 2019; other companies that implement the Accounting Standards for Business Enterprises shall take effect on January 1, 2021. The main impacts of the implementation of the new lease standard on the company's financial statements on January 1, 2021 are as follows: Unit: RMB Item December 31, 2020 January 1, 2021 Adjust data Long-term prepaid expenses 10,381,937 741,179 -9,640,758 Right-of-use asset 9,640,758 9,640,758 Total 10,381,937 10,381,937 2. Explanation of the retrospective adjustment of the previous comparative data of the new lease standard for the first time from 2021 □ Applicable √Not applicable (III) Report of the Auditors Whether the Third Quarter Report has been audited or not □ Yes √ No The Third Quarter Report hasn’t been audited. Board of Directors of CSG Holding Co., Ltd. 30 October 2021 中财网
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