南 玻B:2026年三季度报告(英文版)

南 玻B查看原文

摘要

1南玻B发布2026年三季报(英文版)。
2前三季度营收91.20亿元,同比降12.51%;
3归母净利润亏损5.89亿元,同比由盈转亏下降491.42%;
4扣非净利润亏损6.63亿元。
5Q3单季归母净利亏损1.68亿元。
6经营现金流净额4.45亿元,同比降46.60%。
7资产减值损失大幅增加至1.27亿元。
8董事会换届延期,股份回购计划已实施完毕并注销B股2822万股。

文本

CSG HOLDING CO., LTD.

THE THIRD QUARTER REPORT 2026

Chairman of the Board: CHEN LIN

October 2026

Stock code: 000012; 200012 Short form of the stock: CSG A; CSG B Notice No.: 2026-042

CSG HOLDING CO., LTD. THE THIRD QUARTER REPORT 2026

|The Company and all members of the Board of Directors guarantee that the contents of the information disclosed are true, accurate and complete, and that there are no false representations, misleading statements or material omissions.

|

|---|

Important Notice:

  • 1.The Board of Directors and the directors and senior management of the Company guarantee that the contents of this quarterly report are true, accurate and complete, and that there are no false representations, misleading statements or material omissions, and accept individual and joint legal liabilities for the same.
  • 2.Head of the Company, the person in charge of accounting work, and the person in charge of the accounting institution (Chief Financial Officer) hereby declare that they guarantee the financial information disclosed in this quarterly report to be true, accurate and complete.
  • 3.Whether the Third Quarterly Financial 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. Key Financial Data
  • (I) Key Accounting Data and Financial Indicators Whether the Company is required to retrospectively adjust or restate accounting data of prior years.
  • □Yes No
The Reporting PeriodChange in The Reporting Period over the Same Period of Prior YearFrom the Beginning of the Year to the End of the Reporting PeriodIncrease/(Decrease) for the Period from the Beginning of the Year to the End of the Reporting Period over the Same Period of Last Year
Operating Revenue (RMB)3,000,930,756-23.84%9,119,909,530-12.51%
Net Profit Attributable to Owners of the Listed Company (RMB)-167,533,776-320.83%-588,684,987-491.42%
Net Profit Attributable to Owners of the Listed Company, Excluding Non-recurring Gains and Losses (RMB)-193,770,924-766.16%-663,476,753-1,405.12%
Net Cash Flow Generated from Operating Activities (RMB)——444,531,279-46.60%
Basic Earnings Per Share (RMB/share)-0.06-300%-0.20-500%
Diluted Earnings Per Share (RMB/share)-0.06-300%-0.20-500%
Weighted Average Return on Equity-1.34%-1.91%-4.60%-5.72%
End of the Reporting PeriodEnd of Previous YearChange at End of the Reporting Period vs. End of Previous Year
Total Assets (RMB)31,727,826,32231,305,028,8351.35%
Equity Attributable to Owners of the Listed Company (RMB)12,476,681,21213,145,488,958-5.09%
(II) Non-recurring Profit and Loss Items and Amounts Applicable □Not applicable

Unit: RMB

ItemAmount for The Reporting PeriodAmount from the Beginning of the Year to the End of the Reporting PeriodExplanation
Gains and Losses on Disposal of Non-current Assets (including the reversal of accrued asset impairment provisions)3,140,4587,668,912
Government Grants Recognized in Profit or Loss for the Current Period (excluding grants that are closely related to the Company’s normal business operations, in compliance with national policies and regulations, obtained according to prescribed standards, and having a continuous impact on the Company’s profit or loss)21,137,91754,093,067
Gains and Losses from Fair Value Changes of Financial Assets and Financial Liabilities Held by Non-financial Enterprises, and Gains and Losses from Disposal of Financial Assets and Financial Liabilities, Excluding Effective Hedging Transactions Related to the Company’s Ordinary Business3,799,52711,129,056
Reversal of Impairment Provisions for Receivables Subject to Separate Impairment Test5,012,84612,963,981
Gains and Losses from Debt Restructuring1,909,664
Other Non-operating Income and Expenses Other Than the Above Items-3,116,306-289,592
Less: Income Tax Impact3,466,98010,177,040
Non-controlling Interests’ Impact (After Tax)270,3142,506,282
Total26,237,14874,791,766--

Details of other profit and loss items meeting the definition of non-recurring profit and loss:

  • □Applicable Not applicable The Company has no other profit and loss items meeting the definition of non-recurring profit and loss.

Explanation on Classification as Recurring Profit and Loss Items of Non-recurring Profit and Loss Items Listed in the Explanatory Announcement No.1 on Information Disclosure by Companies Offering Securities to the Public—Nonrecurring Profit and Loss

  • □Applicable Not applicable The Company has no circumstances where non-recurring profit and loss items listed in the Explanatory Announcement No.1 on Information Disclosure by Companies Offering Securities to the Public—Non-recurring Profit and Loss are classified as recurring profit and loss items.
(III) Explanation of Changes in Key Accounting Data and Financial Indicators Applicable □Not applicable

Unit: RMB

Balance Sheet ItemsNotes30 September 202631 December 2025Change Rate
Financial assets held for trading(1)340,000,000230,000,00048%
Prepayments(2)58,528,112134,771,994-57%
Assets Held for Sale(3)5,262,859-100%
Long-term Receivables(4)5,471,063
Construction in Progress(5)554,186,3704,420,551,577-87%
Deferred Tax Assets(6)501,016,683368,236,65036%
Other Non-current Assets(7)699,027,026192,896,549262%
Short-term Borrowings(8)689,053,2231,158,648,329-41%
Taxes Payable(9)96,522,35373,812,60231%
Long-term Payables(10)865,328,772594,270,58046%
Income Statement ItemsNotesJanuary–September 2026January–September 2025Change Rate
Financial Expenses(11)204,215,736145,467,54140%
Other Income(12)71,785,134113,933,376-37%
Investment Income(13)-531,285-10,518,093-95%
Impairment Losses on Assets(14)-126,966,985-56,738,340124%
Credit Impairment Losses(15)-24,505,1625,380,563-555%
Gains on Disposal of Assets(16)4,642,9642,771,96467%
Non-operating Expenses(17)11,382,1153,918,194190%
Income Tax Expense(18)-102,469,126-2,659,4423753%
Other Comprehensive Income, Net of Tax(19)-21,979,698-4,284,090413%

Notes:

  • (1)The increase in financial assets held for trading was mainly due to increased purchases of structured deposits.
  • (2)The decrease in prepayments was mainly attributable to the receipt of goods for which prepayments had been made and other factors.
  • (3)The decrease in assets held for sale was mainly due to the disposal of assets held for sale.
  • (4)The increase in long-term receivables was mainly due to the disposal of assets held for sale.
  • (5)The decrease in construction in progress was mainly due to the transfer of construction in progress to fixed assets by some subsidiaries.
  • (6)The increase in deferred tax assets was mainly due to the recognition of additional deferred tax assets in respect of losses.
  • (7)The increase in other non-current assets was mainly due to the increase in large-denomination certificates of deposit with a term of more than one year.
  • (8)The decrease in short-term borrowings was mainly due to the repayment of matured short-term borrowings during the period.

( 9 ) The increase in taxes payable was mainly due to the increase in income tax, property tax and other taxes of some subsidiaries.

  • (10)The increase in long-term payables was mainly due to the increase in finance leases.
  • (11)The increase in financial expenses was mainly due to the rise in interest expenses and other items.
  • (12)The decrease in other income was mainly due to the reduction of government subsidies received.
  • (13)The change in investment income was mainly attributable to the increase in wealth management income and other changes.
  • (14)The increase in impairment losses was mainly due to an increase in the provision for inventory write-downs recognized during the period.
  • (15)The increase in credit impairment losses was mainly due to an increase in the loss allowance for receivables recognized during the period.
  • (16)The increase in gains on disposal of assets was mainly because gains arising from disposal of non-current assets rose in the current period while the amount in the prior period was relatively low.
  • (17)The increase in non-operating expenses was mainly due to the rise in compensation payments and other expenses of subsidiaries.
  • (18)The change in income tax expense was mainly due to the reduction in total profit of some subsidiaries. ( 19 ) The change in other comprehensive income, net of tax, was mainly due to changes in foreign currency translation differences.

II. Shareholder Information

(I) Table of Total Number of Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights and Shareholdings of the Top Ten Shareholders

Unit: Share(s)

Total Number of Common Shareholders at the End of the Reporting Period136,573Total Number of Preferred Shareholders with Restored Voting Rights at the End of the Reporting Period (if any)0
Shareholdings of the Top 10 Shareholders (excluding shares lent through securities refinancing)
Name of ShareholderNature of ShareholderShareholding PercentageNumber of Shares HeldNumber of Restricted Shares HeldPledge, Mark or Freeze Status
Share StatusNumber
Foresea Life Insurance Co., Ltd.HailiNiannianDomestic Non-stateowned Legal Person15.33%466,386,8740N/A0
Shenzhen Liye Group LimitedDomestic Non-stateowned Legal Person3.94%120,000,0000N/A0
Foresea Life Insurance Co., Ltd.-Universal Insurance ProductsDomestic Non-stateowned Legal Person3.89%118,425,0070N/A0
Foresea Life Insurance Co., Ltd.-Own FundDomestic Non-stateowned Legal Person2.13%64,765,1610N/A0
China Galaxy International Securities (Hong Kong) Co., LimitedForeign Legal Person1.35%41,034,5780N/A0
GUOTAI JUNAN SECURITIES(HONG KONG) LIMITEDForeign Legal Person1.22%37,252,0710N/A0
Hong Kong Securities Clearing Co., Ltd.Foreign Legal Person0.92%27,929,2870N/A0
China Merchants Securities (HK) Co., LimitedForeign Legal Person0.58%17,561,8580N/A0
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUNDForeign Legal Person0.58%17,537,2130N/A0
NORGES BANKForeign Legal Person0.52%15,766,3870N/A0
Shareholdings of the Top 10 Shareholders Holding Unrestricted Shares (excluding shares lent through securities refinancing and shares locked up by senior management)
Name of ShareholderNumber of Unrestricted Shares HeldType and Quantity of Shares
Type of SharesNumber
Foresea Life Insurance Co., Ltd.-HailiNiannian466,386,874RMB Ordinary Shares466,386,874
Shenzhen Liye Group Limited120,000,000RMB Ordinary Shares120,000,000
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
GUOTAI JUNAN SECURITIES(HONG KONG) LIMITED37,252,071Domestically Listed Foreign Shares37,252,071
Hong Kong Securities Clearing Co., Ltd.27,929,287RMB Ordinary Shares27,929,287
China Merchants Securities (HK) Co., Limited17,561,858Domestically Listed Foreign Shares17,561,858
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND17,537,213Domestically Listed Foreign Shares17,537,213
NORGES BANK15,766,387Domestically Listed Foreign Shares15,766,387
Explanation of Associated Relationships or Acting in Concert among the Above ShareholdersAs of the end of the reporting period, among the above shareholders, it is known that Foresea Life Insurance Co., Ltd. – HailiNiannian, Foresea Life Insurance Co., Ltd. - Universal Insurance Products, and Foresea Life Insurance Co., Ltd. - Own Funds are all held by Foresea Life Insurance Co., Ltd.
Explanation on the Participation of the Top 10 Shareholders in Margin Financing and Securities Lending (if any)-

Note: Among the top 10 shareholders, CSG Holding Co., Ltd. has a repurchase special securities account, which, as required, is not included in the list of top 10 shareholders. As of 30 September 2026, the Company had repurchased an aggregate of 52,838,338 A shares through the repurchase special securities account by way of centralized bidding trading, representing 1.74% of the Company’s total share capital.

Information on Lending of Shares under the Refinancing Business by Shareholders with 5% or More Shareholding, the Top 10 Shareholders and the Top 10 Unrestricted Tradable Shareholders

  • □Applicable Not applicable

Changes in the Shareholdings of the Top 10 Shareholders and the Top 10 Unrestricted Tradable Shareholders due to the Lending and Return of Shares under the Refinancing Business as Compared with the Prior Period

  • □Applicable Not applicable
(II) Number of Preferred Shareholders of the Company and Shareholding of the Top 10 Preferred Shareholders

□Applicable Not applicable

III. Other Significant Events

Applicable □Not applicable

  • 1. Ultra-Short-term Financing Bills On 16 May 2022, the Company’s 2021 Annual General Meeting reviewed and approved the Proposal on the Application for Registration and Issuance of Medium-term Notes and Ultra Short-term Financing Bills, approving the Company’s registration and issuance of ultra short-term financing bills with a registered amount of no more than RMB 1.0 billion. The Company may issue the bills in one or multiple tranches within the registration validity period, based on actual capital demand and the capital conditions of the inter-bank market.On 25 April 2025, the Company issued the first tranche of 2025 ultra short-term financing bills (sci-tech innovation bills) with a total amount of RMB 300 million and a term of 270 days at an issuance rate of 2.27%, which were fully redeemed on 23 January 2026. On 26 June 2026, the Company’s 2025 Annual General Meeting reviewed and approved the Proposal on the Application for Registration and Issuance of Medium-term Notes and Ultra Short-term Financing Bills, approving the Company’s registration and issuance of ultra short-term financing bills with a registered amount of no more than RMB 1.0 billion. The Company may issue the bills in one or multiple tranches within the registration validity period, based on actual capital demand and the capital conditions of the inter-bank market.
  • 2. Medium-term Notes On 26 June 2026, the Company’s 2025 Annual General Meeting reviewed and approved the Proposal on the Application for Registration and Issuance of Medium-term Notes and Ultra Short-term Financing Bills, approving the Company’s registration and issuance of medium-term notes with a registered amount of no more than RMB 1.0 billion. The Company may issue the notes in one or multiple tranches within the registration validity period, based on actual capital demand and the capital conditions of the inter-bank market.
  • 3. Guarantee Information The Company’s 2025 Annual General Meeting reviewed and approved the Proposal on the 2026‑year Guarantee Plan. It approved that the Company and its subsidiaries may provide guarantees for the credit lines granted by financial institutions to guaranteed‑enterprises within the consolidated‑statements scope in 2026, with an aggregate ceiling of RMB 26.0 billion (including effective and unexpired credit‑line quotas). Amongst the above, the total guarantee cap for guaranteed enterprises with a debt‑to‑asset ratio of 70% or above shall not exceed RMB 7.5 billion (including effective and unexpired credit‑line quotas). All external guarantees issued by the Company are furnished to its subsidiaries under the consolidated‑reporting scope. As at 30 September 2026, the outstanding balance of guarantees actually provided amounted to RMB 8,499.39 million (of which RMB 2,551.53 million related to entities with a debt-to-asset ratio of 70% or above), accounting for 64.66% of the net assets attributable to shareholders of the parent company of RMB 13,145.4890 million as at the end of 2025 and 27.15% of total assets of RMB 31,305.0288 million. The Company had no overdue guarantees. The Company’s 2024 Annual General Meeting passed the Proposal on the Implementation of Asset‑Pool Business. To facilitate centralized administration over bills, letters of credit and other held‑assets, the general‑meeting authorised the Company and subsidiaries to conduct asset‑pool‑related business with a maximum scale of RMB 2.0 billion. Multiple security forms including maximum‑amount pledge, general pledge, deposit‑certificate pledge, bill pledge and cash‑deposit pledge are permitted for business operations on condition that risks remain controllable. As at 30 September 2026, the actual amount pledged under the asset pool business was RMB 685.26 million, and the outstanding financing balance was RMB 682.55 million.
  • 4. Matters regarding the RMB 171 Million Special Fund for Talent Introduction In relation to the matters of the RMB 171 million special fund for talent introduction, the Company filed a tort compensation lawsuit against Zeng Nan and other relevant parties as well as Yichang Hongtai Real Estate Co., Ltd. on 15 December 2021. The case was officially accepted by the Shenzhen Intermediate People’s Court on 28 January 2022, and its first-instance hearing was concluded at the Shenzhen Intermediate People’s Court on 21 June 2022. On
  • 4 June 2024, the Company received the first-instance Civil Judgment rendered by the Shenzhen Intermediate People’s Court, which dismissed all claims of the Company. In June 2024, the Company filed an appeal with the Guangdong Higher People’s Court, and the second-instance hearing was held at the Guangdong Higher People’s Court on 12 September 2024. On 3 December 2025, the Company received the second-instance Civil Judgment rendered by the Guangdong Higher People’s Court, which dismissed the appeal and upheld the original judgment. The Company holds that the effective judgment contains errors in the determination of basic facts and application of laws. To safeguard its legitimate rights and interests, the Company applied to the Supreme People’s Court for a retrial in May
  1. In July 2026, the Supreme People’s Court accepted the application, and the case is currently under case-filing review.
  • 5. Deferred Re-election of the Board of Directors The term of office of the Company’s 9th Board of Directors expired on 21 May 2023, and the re-election work is proceeding steadily as of the date hereof. Pursuant to Article 100 of the Articles of Association of CSG Holding Co., Ltd., where directors are not re-elected in a timely manner upon expiry of their term of office, the incumbent directors shall continue to perform their duties in accordance with laws, administrative regulations, departmental rules and these Articles of Association until the newly elected directors take office. Accordingly, members of the 9th Board of Directors continue to perform their duties normally. The re-election of the board will not have any adverse impact on the Company’s business operations, corporate governance or other aspects.
  • 6. Share Repurchase Matters The Company held an Interim Meeting of the Ninth Board of Directors and the First Extraordinary General Shareholders' Meeting of 2025 on 13 February 2025, and 4 March 2025, respectively. The meetings reviewed and approved the Proposal on the Buyback of Certain RMB Ordinary Shares (A Shares) and Domestically Listed Foreign Shares (B Shares) of the Company, authorizing the Company to use its own funds and self-pooled funds (including special buyback loan from commercial bank) to buyback certain RMB ordinary shares (A Shares) and domestically listed foreign shares (B Shares) through the Shenzhen Stock Exchange trading system in a centralized bidding process. The total amount of funds used for the buyback of A shares will be no less than RMB 243 million and no more than RMB 485 million, including transaction fees and other related expenses; and the total amount of funds used for the buyback of B shares will be no less than HKD 50 million and no more than HKD 100 million, including foreign exchange purchases, transaction fees, and other related expenses. The buyback price of A shares will not exceed RMB 7.60 per share, and the buyback price of B shares will not exceed HKD 3.13 per share. All A shares bought back by the Company will be used for equity incentives or employee stock ownership plans (implementation of which requires approval from the Company's Board of Directors and general shareholders' meeting). All B shares bought back will be retired. The buyback period is twelve months from the date the buyback plan is approved by the Company's general shareholders' meeting. For details, please refer to the Report on the Buyback of Certain RMB Ordinary Shares (A Shares) and Domestically Listed Foreign Shares (B Shares) of the Company disclosed on 25 March 2025 on www.cninfo.com.cn. After the implementation of the Company's 2024 annual equity distribution, the upper limit of the Company's buyback price of A shares has been adjusted from no more than RMB 7.60 per share to no more than RMB 7.53 per share. The estimated buyback quantity after the adjustment will be no less than 44,443,773 shares and no more than

76,581,887 shares. The buyback price of B shares has been adjusted from no more than HKD 3.13 per share to no more than HKD 3.05 per share. The estimated buyback quantity after the adjustment will be no less than 22,139,398 shares and no more than 38,532,841 shares. As of March 4, 2026, the Company has fully implemented its current share repurchase program. Through its dedicated securities account for share repurchases, the Company conducted centralized competitive trading to acquire a total of 52,838,338 A-share shares and 28,223,296 B-share shares, representing an aggregate 2.6398% of the Company’s total issued share capital. The highest transaction price for repurchasing A-share stocks was 5.04 yuan per share, the lowest was 4.54 yuan per share, and the average price was 4.73 yuan per share. The total amount of funds paid was RMB 249,974,737.84 (excluding stamp duty, transaction commissions, etc. for transactions). The highest transaction price for repurchasing B-share stocks was 1.94 Hong Kong dollars per share, the lowest was 1.65 Hong Kong dollars per share, and the average price was 1.81 Hong Kong dollars per share. The total amount of funds paid was HKD 50,989,016.13 (excluding stamp duty, transaction commissions, etc. for transactions). For detailed information, please refer to the "Announcement on the Expiration of the Repurchase Period and the Implementation Results of the Repurchase" (Announcement No.: 2026-005) disclosed by the company on the Juchao Information Network (www.cninfo.com.cn) on March 5, 2026. According to the provisions of the "Report on Repurchasing Part of the Company's Renminbi Ordinary Shares (A Shares) and Domestic-Listed Foreign-Currency Shares (B Shares)", all the B shares repurchased this time will be completely cancelled. As of March 12, 2026, the Company has completed the cancellation procedures for the 28,223,296 B-share shares that were repurchased at the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. After the completion of this share repurchase and cancellation, the total share capital of the Company decreased from 3,070,692,107 shares to 3,042,468,811 shares.

IV. Quarterly Financial Statements

(I) Financial Statements
1. Consolidated Balance Sheet

Prepared by: CSG Holding Co., Ltd

30 September 2026

Unit: RMB

ItemBalance at the end of periodBalance at the beginning of period
Current Assets:
Cash and Cash Equivalents3,561,616,4763,141,975,147
Financial Assets Held for Trading340,000,000230,000,000
Notes Receivable1,160,260,2131,420,061,226
Accounts Receivable1,744,194,2981,802,165,051
Receivables Financing520,797,506533,418,878
Prepayments58,528,112134,771,994
Other Receivables67,623,57954,386,121
Inventories2,415,670,3881,969,149,555
Assets Held for Sale5,262,859
Other Current Assets459,039,034474,226,753
Total Current Assets10,327,729,6069,765,417,584
Non-current Assets:
Long-term Receivables5,471,063
Investment Property295,886,689286,145,387
Fixed Assets17,067,663,79513,897,777,933
Construction in Progress554,186,3704,420,551,577
Right-of-use Assets74,051,45564,277,229
Intangible Assets2,139,407,7712,238,041,467
Goodwill3,039,9463,039,946
Long-term Deferred Expenses60,345,91868,644,513
Deferred Tax Assets501,016,683368,236,650
Other Non-current Assets699,027,026192,896,549
Total Non-current Assets21,400,096,71621,539,611,251
Total Assets31,727,826,32231,305,028,835
Current Liabilities:
Short-term Borrowings689,053,2231,158,648,329
Notes Payable2,690,617,6672,557,712,651
Accounts Payable2,374,588,4442,769,745,963
Contract Liabilities384,666,539369,377,265
Employee Benefits Payable253,730,437329,941,978
Taxes Payable96,522,35373,812,602
Other Payables407,197,971369,513,739
Including: Interest Payable9,293,94713,362,151
Dividends Payable34,482,72434,482,724
Current Portion of Non-current Liabilities2,397,842,3031,881,828,060
Total Current Liabilities336,576,134320,616,877
Total Current Liabilities9,630,795,0719,831,197,464
Non-current Liabilities:
Long-term Borrowings7,944,137,3166,882,862,147
Lease Liabilities22,759,93123,057,883
Long-term Payables865,328,772594,270,580
Provisions20,143,28827,378,869
Deferred Income277,244,216301,071,111
Deferred Tax Liabilities87,899,39090,503,199
Total Non-current Liabilities9,217,512,9137,919,143,789
Total Liabilities18,848,307,98417,750,341,253
Equity:
Share Capital3,042,468,8113,070,692,107
Capital Surplus572,217,440590,739,414
Less: Treasury Shares250,024,757296,770,027
Other Comprehensive Income128,837,210150,816,908
Special Reserve7,952,4586,302,910
Surplus Reserve1,534,714,2281,534,714,228
Retained Earnings7,440,515,8228,088,993,418
Total Equity Attributable to Owners of the Parent Company12,476,681,21213,145,488,958
Non-controlling Interests402,837,126409,198,624
Total Equity12,879,518,33813,554,687,582
Total Liabilities and Equity31,727,826,32231,305,028,835

Legal representative: Chen Lin Principal in charge of accounting: Wang Wenxin Head of accounting department: Wang Wenxin

2. Consolidated Statement of Profit or Loss from the Beginning of the Year to the End of the Reporting Period

Unit: RMB

ItemAmount for the current periodAmount for the same period of the prior year
I. Total operating revenue9,119,909,53010,424,014,383
Including: Operating Revenue9,119,909,53010,424,014,383
II. Total Operating Costs9,741,780,16310,357,987,887
Including: Cost of Sales8,369,776,8688,977,402,336
Taxes and Surcharges113,410,328103,579,922
Selling Expenses173,633,182220,446,463
Administrative Expenses510,137,643511,535,397
Research and Development Expenses370,606,406399,556,228
Financial Expenses204,215,736145,467,541
Including: Interest Expense202,567,242178,085,917
Interest Income21,585,68132,882,434
Add: Other Income71,785,134113,933,376
Investment Income (losses are indicated with a “-” sign)-531,285-10,518,093
Credit Impairment Losses (losses are indicated with a “-” sign)-24,505,1625,380,563
Impairment Losses (losses are indicated with a “-” sign)-126,966,985-56,738,340
Gains on Disposal of Assets (losses are indicated with a “-” sign)4,642,9642,771,964
III. Operating Profit (losses are indicated with a “-” sign)-697,445,967120,855,966
Add: Non-operating Income13,812,47119,565,837
Less: Non-operating Expenses11,382,1153,918,194
IV. Total Profit (total losses are indicated with a “-” sign)-695,015,611136,503,609
Less: Income Tax Expense-102,469,126-2,659,442
V. Net Profit (net losses are indicated with a “-” sign)-592,546,485139,163,051
(I) Classified by Continuity of Operations
1. Net Profit from Continuing Operations (net losses are indicated with a “-” sign)-592,546,485139,163,051
(II) Classified by Ownership Attribution
1. Net Profit Attributable to Owners of the Parent Company (net losses are indicated with a “-” sign)-588,684,987150,395,724
2. Profit or Loss Attributable to Non-controlling Interests (net losses are indicated with a “-” sign)-3,861,498-11,232,673
VI. Other Comprehensive Income, Net of Tax-21,979,698-4,284,090
Other Comprehensive Income Attributable to Owners of the Parent Company, Net of Tax-21,979,698-4,284,090
(I) Other Comprehensive Income That Will Be Reclassified to Profit or Loss-21,979,698-4,284,090
1. Foreign Currency Translation Differences-22,039,927-4,284,090
2. Others60,229
VII. Total Comprehensive Income-614,526,183134,878,961
(I) Total Comprehensive Income Attributable to Owners of the Parent Company-610,664,685146,111,634
(II) Total Comprehensive Income Attributable to Non-controlling Interests-3,861,498-11,232,673
VIII. Earnings Per Share:
(I) Basic Earnings Per Share-0.200.05
(II) Diluted Earnings Per Share-0.200.05

Legal representative: Chen Lin Principal in charge of accounting: Wang Wenxin Head of accounting department: Wang Wenxin

3. Consolidated cash flow statement from the beginning of the year to the end of the report period

Unit: RMB

ItemBalance of this periodBalance of last period
I. Net cash flow from business operation
Cash received from sales of products and providing of services9,456,747,27810,482,295,306
Tax returned49,845,81826,747,990
Other cash received from business operation204,995,079101,082,321
Sub-total of cash inflow from business activities9,711,588,17510,610,125,617
Cash paid for purchasing of merchandise and services7,165,151,7257,639,974,918
Cash paid to employee or paid for staffs1,473,281,7641,465,205,737
Taxes paid383,593,069370,002,648
Other cash paid for business activities245,030,338302,478,806
Sub-total of cash outflow from business activities9,267,056,8969,777,662,109
Net cash flow generated by business operation444,531,279832,463,508
II. Cash flow generated by investing
Cash received from investment recovery3,709,713,8323,230,454,000
Cash received from investment income6,246,6414,458,484
Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets14,456,9897,229,808
Sub-total of cash inflow due to investment activities3,730,417,4623,242,142,292
Cash paid for construction of fixed assets, intangible assets and other long-term assets633,746,865880,718,251
Cash paid for investment4,300,424,1403,251,043,598
Other cash paid for investment activities51,129,515118,475,883
Sub-total of cash outflow due to investment activities4,985,300,5204,250,237,732
Net cash flow generated by investment-1,254,883,058-1,008,095,440
III. Cash flow generated by financing
Cash received as loans3,784,467,8693,979,328,185
Other financing-related cash received327,398,039283,231,862
Subtotal of cash inflow from financing activities4,111,865,9084,262,560,047
Cash to repay debts2,463,373,6193,795,257,602
Cash paid as dividend, profit, or interests270,879,173414,247,410
Among them: dividends and profits distributed by the subsidiary to minority shareholders2,500,000
Other cash paid for financing activities226,106,526392,433,800
Subtotal of cash outflow due to financing activities2,960,359,3184,601,938,812
Net cash flow generated by financing1,151,506,590-339,378,765
IV. Influence of exchange rate alternation on cash and cash equivalents-20,360,5423,580,953
V. Net increase of cash and cash equivalents320,794,269-511,429,744
Plus: Balance of cash and cash equivalents at the beginning of term2,981,170,3233,367,873,386
VI. Balance of cash and cash equivalents at the end of term3,301,964,5922,856,443,642

Legal representative: Chen Lin Principal in charge of accounting: Wang Wenxin Head of accounting department: Wang Wenxin

(II) Implementation of new accounting standards for the first time starting from 2026, and adjustment of the relevant items in the financial statements at the beginning of the year for the first implementation

□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. 29 October 2026

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