CSG HOLDING CO., LTD.
THE THIRD QUARTER REPORT 2026
Chairman of the Board:
CHEN LIN
October 2026
CSG HOLDING CO., LTD. The Third Quarter Report 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:
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.
accounting institution (Chief Financial Officer) hereby declare that they guarantee the financial
information disclosed in this quarterly report to be true, accurate and complete.
□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
Increase/(Decrease)
From the for the Period from
Change in The
Beginning of the the Beginning of the
Reporting Period
The Reporting Period Year to the End Year to the End of
over the Same Period
of the Reporting the Reporting Period
of Prior Year
Period over the Same
Period of Last Year
Operating Revenue (RMB) 3,000,930,756 -23.84% 9,119,909,530 -12.51%
CSG HOLDING CO., LTD. The Third Quarter Report 2026
Net Profit Attributable to Owners of the
-167,533,776 -320.83% -588,684,987 -491.42%
Listed Company (RMB)
Net Profit Attributable to Owners of the
Listed Company, Excluding Non-recurring -193,770,924 -766.16% -663,476,753 -1,405.12%
Gains and Losses (RMB)
Net Cash Flow Generated from Operating
— — 444,531,279 -46.60%
Activities (RMB)
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%
Change at End of the Reporting Period
End of the Reporting Period End of Previous Year
vs. End of Previous Year
Total Assets (RMB) 31,727,826,322 31,305,028,835 1.35%
Equity Attributable to Owners of the Listed
Company (RMB)
(II) Non-recurring Profit and Loss Items and Amounts
?Applicable □Not applicable
Unit: RMB
Amount from
the Beginning of
Amount for The
Item the Year to the Explanation
Reporting Period
End of the
Reporting Period
Gains and Losses on Disposal of Non-current Assets (including the
reversal of accrued asset impairment provisions)
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, 21,137,917 54,093,067
obtained according to prescribed standards, and having a continuous
impact on the Company’s profit or loss)
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, 3,799,527 11,129,056
Excluding Effective Hedging Transactions Related to the Company’s
Ordinary Business
Reversal of Impairment Provisions for Receivables Subject to Separate
Impairment Test
Gains and Losses from Debt Restructuring 1,909,664
Other Non-operating Income and Expenses Other Than the Above Items -3,116,306 -289,592
Less: Income Tax Impact 3,466,980 10,177,040
Non-controlling Interests’ Impact (After Tax) 270,314 2,506,282
Total 26,237,148 74,791,766 --
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 — Non-
recurring Profit and Loss
CSG HOLDING CO., LTD. The Third Quarter Report 2026
□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 Items Notes 30 September 2026 31 December 2025 Change Rate
Financial assets held for trading (1) 340,000,000 230,000,000 48%
Prepayments (2) 58,528,112 134,771,994 -57%
Assets Held for Sale (3) 5,262,859 -100%
Long-term Receivables (4) 5,471,063
Construction in Progress (5) 554,186,370 4,420,551,577 -87%
Deferred Tax Assets (6) 501,016,683 368,236,650 36%
Other Non-current Assets (7) 699,027,026 192,896,549 262%
Short-term Borrowings (8) 689,053,223 1,158,648,329 -41%
Taxes Payable (9) 96,522,353 73,812,602 31%
Long-term Payables (10) 865,328,772 594,270,580 46%
Income Statement Items Notes January–September 2026 January–September 2025 Change Rate
Financial Expenses (11) 204,215,736 145,467,541 40%
Other Income (12) 71,785,134 113,933,376 -37%
Investment Income (13) -531,285 -10,518,093 -95%
Impairment Losses on Assets (14) -126,966,985 -56,738,340 124%
Credit Impairment Losses (15) -24,505,162 5,380,563 -555%
Gains on Disposal of Assets (16) 4,642,964 2,771,964 67%
Non-operating Expenses (17) 11,382,115 3,918,194 190%
Income Tax Expense (18) -102,469,126 -2,659,442 3753%
Other Comprehensive Income, Net of Tax (19) -21,979,698 -4,284,090 413%
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.
CSG HOLDING CO., LTD. The Third Quarter Report 2026
（ 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 Preferred
Total Number of Common Shareholders at Shareholders with Restored
the End of the Reporting Period Voting Rights at the End of
the Reporting Period (if any)
Shareholdings of the Top 10 Shareholders (excluding shares lent through securities refinancing)
Pledge, Mark or
Number of
Nature of Shareholding Number of Freeze Status
Name of Shareholder Restricted
Shareholder Percentage Shares Held Share
Shares Held Number
Status
Foresea Life Insurance Co., Ltd.- Domestic Non-state-
HailiNiannian owned Legal Person
Domestic Non-state-
Shenzhen Liye Group Limited 3.94% 120,000,000 0 N/A 0
owned Legal Person
Foresea Life Insurance Co., Ltd.-Universal Domestic Non-state-
Insurance Products owned Legal Person
Domestic Non-state-
Foresea Life Insurance Co., Ltd.-Own Fund 2.13% 64,765,161 0 N/A 0
owned Legal Person
China Galaxy International Securities (Hong
Foreign Legal Person 1.35% 41,034,578 0 N/A 0
Kong) Co., Limited
GUOTAI JUNAN SECURITIES（HONG
Foreign Legal Person 1.22% 37,252,071 0 N/A 0
KONG） LIMITED
Hong Kong Securities Clearing Co., Ltd. Foreign Legal Person 0.92% 27,929,287 0 N/A 0
China Merchants Securities (HK) Co.,
Foreign Legal Person 0.58% 17,561,858 0 N/A 0
Limited
VANGUARD TOTAL INTERNATIONAL
Foreign Legal Person 0.58% 17,537,213 0 N/A 0
STOCK INDEX FUND
CSG HOLDING CO., LTD. The Third Quarter Report 2026
NORGES BANK Foreign Legal Person 0.52% 15,766,387 0 N/A 0
Shareholdings of the Top 10 Shareholders Holding Unrestricted Shares
(excluding shares lent through securities refinancing and shares locked up by senior management)
Number of Unrestricted Type and Quantity of Shares
Name of Shareholder
Shares Held Type of Shares Number
Foresea Life Insurance Co., Ltd.-HailiNiannian 466,386,874 RMB Ordinary Shares 466,386,874
Shenzhen Liye Group Limited 120,000,000 RMB Ordinary Shares 120,000,000
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
Domestically Listed
China Galaxy International Securities (Hong Kong) Co., Limited 41,034,578 41,034,578
Foreign Shares
Domestically Listed
GUOTAI JUNAN SECURITIES（HONG KONG） LIMITED 37,252,071 37,252,071
Foreign Shares
Hong Kong Securities Clearing Co., Ltd. 27,929,287 RMB Ordinary Shares 27,929,287
Domestically Listed
China Merchants Securities (HK) Co., Limited 17,561,858 17,561,858
Foreign Shares
VANGUARD TOTAL INTERNATIONAL STOCK INDEX Domestically Listed
FUND Foreign Shares
Domestically Listed
NORGES BANK 15,766,387 15,766,387
Foreign Shares
As of the end of the reporting period, among the above
shareholders, it is known that Foresea Life Insurance Co., Ltd. –
Explanation of Associated Relationships or Acting in Concert
HailiNiannian, Foresea Life Insurance Co., Ltd. - Universal
among the Above Shareholders
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
CSG HOLDING CO., LTD. The Third Quarter Report 2026
III. Other Significant Events
?Applicable □Not applicable
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
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 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.
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.
CSG HOLDING CO., LTD. The Third Quarter Report 2026
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
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
review.
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.
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
CSG HOLDING CO., LTD. The Third Quarter Report 2026
more than HKD 3.05 per share. The estimated buyback quantity after the adjustment will be no less than
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
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
Prepared by: CSG Holding Co., Ltd
Unit: RMB
Item Balance at the end of period Balance at the beginning of period
Current Assets:
Cash and Cash Equivalents 3,561,616,476 3,141,975,147
Financial Assets Held for Trading 340,000,000 230,000,000
Notes Receivable 1,160,260,213 1,420,061,226
Accounts Receivable 1,744,194,298 1,802,165,051
Receivables Financing 520,797,506 533,418,878
Prepayments 58,528,112 134,771,994
Other Receivables 67,623,579 54,386,121
Inventories 2,415,670,388 1,969,149,555
Assets Held for Sale 5,262,859
Other Current Assets 459,039,034 474,226,753
CSG HOLDING CO., LTD. The Third Quarter Report 2026
Total Current Assets 10,327,729,606 9,765,417,584
Non-current Assets:
Long-term Receivables 5,471,063
Investment Property 295,886,689 286,145,387
Fixed Assets 17,067,663,795 13,897,777,933
Construction in Progress 554,186,370 4,420,551,577
Right-of-use Assets 74,051,455 64,277,229
Intangible Assets 2,139,407,771 2,238,041,467
Goodwill 3,039,946 3,039,946
Long-term Deferred Expenses 60,345,918 68,644,513
Deferred Tax Assets 501,016,683 368,236,650
Other Non-current Assets 699,027,026 192,896,549
Total Non-current Assets 21,400,096,716 21,539,611,251
Total Assets 31,727,826,322 31,305,028,835
Current Liabilities:
Short-term Borrowings 689,053,223 1,158,648,329
Notes Payable 2,690,617,667 2,557,712,651
Accounts Payable 2,374,588,444 2,769,745,963
Contract Liabilities 384,666,539 369,377,265
Employee Benefits Payable 253,730,437 329,941,978
Taxes Payable 96,522,353 73,812,602
Other Payables 407,197,971 369,513,739
Including: Interest Payable 9,293,947 13,362,151
Dividends Payable 34,482,724 34,482,724
Current Portion of Non-current Liabilities 2,397,842,303 1,881,828,060
Total Current Liabilities 336,576,134 320,616,877
Total Current Liabilities 9,630,795,071 9,831,197,464
Non-current Liabilities:
Long-term Borrowings 7,944,137,316 6,882,862,147
Lease Liabilities 22,759,931 23,057,883
Long-term Payables 865,328,772 594,270,580
Provisions 20,143,288 27,378,869
Deferred Income 277,244,216 301,071,111
Deferred Tax Liabilities 87,899,390 90,503,199
Total Non-current Liabilities 9,217,512,913 7,919,143,789
Total Liabilities 18,848,307,984 17,750,341,253
Equity:
Share Capital 3,042,468,811 3,070,692,107
Capital Surplus 572,217,440 590,739,414
Less: Treasury Shares 250,024,757 296,770,027
CSG HOLDING CO., LTD. The Third Quarter Report 2026
Other Comprehensive Income 128,837,210 150,816,908
Special Reserve 7,952,458 6,302,910
Surplus Reserve 1,534,714,228 1,534,714,228
Retained Earnings 7,440,515,822 8,088,993,418
Total Equity Attributable to Owners of the Parent
Company
Non-controlling Interests 402,837,126 409,198,624
Total Equity 12,879,518,338 13,554,687,582
Total Liabilities and Equity 31,727,826,322 31,305,028,835
Legal representative: Chen Lin Principal in charge of accounting: Wang Wenxin
Head of accounting department: Wang Wenxin
Unit: RMB
Amount for the same
Item Amount for the current period
period of the prior year
I. Total operating revenue 9,119,909,530 10,424,014,383
Including: Operating Revenue 9,119,909,530 10,424,014,383
II. Total Operating Costs 9,741,780,163 10,357,987,887
Including: Cost of Sales 8,369,776,868 8,977,402,336
Taxes and Surcharges 113,410,328 103,579,922
Selling Expenses 173,633,182 220,446,463
Administrative Expenses 510,137,643 511,535,397
Research and Development Expenses 370,606,406 399,556,228
Financial Expenses 204,215,736 145,467,541
Including: Interest Expense 202,567,242 178,085,917
Interest Income 21,585,681 32,882,434
Add: Other Income 71,785,134 113,933,376
Investment Income (losses are indicated with a “-” sign) -531,285 -10,518,093
Credit Impairment Losses (losses are indicated with a “-” sign) -24,505,162 5,380,563
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) 4,642,964 2,771,964
III. Operating Profit (losses are indicated with a “-” sign) -697,445,967 120,855,966
Add: Non-operating Income 13,812,471 19,565,837
Less: Non-operating Expenses 11,382,115 3,918,194
IV. Total Profit (total losses are indicated with a “-” sign) -695,015,611 136,503,609
Less: Income Tax Expense -102,469,126 -2,659,442
V. Net Profit (net losses are indicated with a “-” sign) -592,546,485 139,163,051
(I) Classified by Continuity of Operations
-592,546,485 139,163,051
with a “-” sign)
(II) Classified by Ownership Attribution
CSG HOLDING CO., LTD. The Third Quarter Report 2026
-588,684,987 150,395,724
losses are indicated with a “-” sign)
-3,861,498 -11,232,673
losses are indicated with a “-” sign)
VI. Other Comprehensive Income, Net of Tax -21,979,698 -4,284,090
Other Comprehensive Income Attributable to Owners of the Parent
-21,979,698 -4,284,090
Company, Net of Tax
(I) Other Comprehensive Income That Will Be Reclassified to
-21,979,698 -4,284,090
Profit or Loss
VII. Total Comprehensive Income -614,526,183 134,878,961
(I) Total Comprehensive Income Attributable to Owners of the Parent
-610,664,685 146,111,634
Company
(II) Total Comprehensive Income Attributable to Non-controlling
-3,861,498 -11,232,673
Interests
VIII. Earnings Per Share:
(I) Basic Earnings Per Share -0.20 0.05
(II) Diluted Earnings Per Share -0.20 0.05
Legal representative: Chen Lin Principal in charge of accounting: Wang Wenxin
Head of accounting department: Wang Wenxin
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 9,456,747,278 10,482,295,306
Tax returned 49,845,818 26,747,990
Other cash received from business operation 204,995,079 101,082,321
Sub-total of cash inflow from business activities 9,711,588,175 10,610,125,617
Cash paid for purchasing of merchandise and services 7,165,151,725 7,639,974,918
Cash paid to employee or paid for staffs 1,473,281,764 1,465,205,737
Taxes paid 383,593,069 370,002,648
Other cash paid for business activities 245,030,338 302,478,806
Sub-total of cash outflow from business activities 9,267,056,896 9,777,662,109
Net cash flow generated by business operation 444,531,279 832,463,508
II. Cash flow generated by investing
Cash received from investment recovery 3,709,713,832 3,230,454,000
Cash received from investment income 6,246,641 4,458,484
Net cash retrieved from disposal of fixed assets, intangible assets, and
other long-term assets
Sub-total of cash inflow due to investment activities 3,730,417,462 3,242,142,292
Cash paid for construction of fixed assets, intangible assets and other
long-term assets
Cash paid for investment 4,300,424,140 3,251,043,598
CSG HOLDING CO., LTD. The Third Quarter Report 2026
Other cash paid for investment activities 51,129,515 118,475,883
Sub-total of cash outflow due to investment activities 4,985,300,520 4,250,237,732
Net cash flow generated by investment -1,254,883,058 -1,008,095,440
III. Cash flow generated by financing
Cash received as loans 3,784,467,869 3,979,328,185
Other financing-related cash received 327,398,039 283,231,862
Subtotal of cash inflow from financing activities 4,111,865,908 4,262,560,047
Cash to repay debts 2,463,373,619 3,795,257,602
Cash paid as dividend, profit, or interests 270,879,173 414,247,410
Among them: dividends and profits distributed by the subsidiary to
minority shareholders
Other cash paid for financing activities 226,106,526 392,433,800
Subtotal of cash outflow due to financing activities 2,960,359,318 4,601,938,812
Net cash flow generated by financing 1,151,506,590 -339,378,765
IV. Influence of exchange rate alternation on cash and cash equivalents -20,360,542 3,580,953
V. Net increase of cash and cash equivalents 320,794,269 -511,429,744
Plus: Balance of cash and cash equivalents at the beginning of term 2,981,170,323 3,367,873,386
VI. Balance of cash and cash equivalents at the end of term 3,301,964,592 2,856,443,642
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.
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