2024年第三季度报告（英文版）（2024-10-30）

2024.10.30

2024年第三季度报告（英文版）（2024-10-30）

CSG HOLDING CO., LTD.

THE THIRD

QUARTER REPORT 2024

Chairman of the Board:

CHEN LIN

October 2024

</div>

Stock code: 000012;

200012                            Short

form of the stock: CSG A; CSG B                                    Notice No.:

2024-026

CSG HOLDING CO., LTD.

THE

THIRD QUARTER REPORT 2024

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.

<a name="_Toc988889"></a>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<a name="OLE_LINK467"></a><a name="OLE_LINK468"></a> facticity,

accuracy and completeness of the whole contents.

2. Principal of the Company,

responsible person in charge of accounting and<a name="OLE_LINK106"></a><a name="OLE_LINK105"></a> principal

of the financial department (accounting officer) confirm that the Financial

Report enclosed in the Third Quarter Report of 2024 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

<tbody>

<tr>

</td>

The report

period

</td>

Increase/decrease in comparison with the same period of the

previous year

</td>

From 1 January to 30 September 2024

</td>

Increase/decrease in comparison with the same period of 2023

</td>

</tr>

<tr>

Operating

income (RMB)

</td>

3,757,912,090

</td>

-26.18%

</td>

11,836,882,741

</td>

-12.19%

</td>

</tr>

<tr>

<a name="OLE_LINK416"></a><a name="OLE_LINK417"></a><a name="OLE_LINK415"></a>Net profit attributable to

shareholders of the listed company (RMB)

</td>

53,338,172

</td>

-90.76%

</td>

786,449,734

</td>

-46.38%

</td>

</tr>

<tr>

<a name="OLE_LINK577"></a><a name="OLE_LINK557"></a>Net profit attributable to

shareholders of the listed company after deducting non-recurring gains and

losses (RMB)

</td>

28,003,017

</td>

-94.80%

</td>

700,904,209

</td>

-49.07%

</td>

</tr>

<tr>

Net

cash flow arising from operating activities (RMB)

</td>

—

</td>

—

</td>

1,352,827,714

</td>

-16.71%

</td>

</tr>

<tr>

Basic

earnings per share (RMB/Share)

</td>

0.02

</td>

-89.47%

</td>

0.26

</td>

-45.83%

</td>

</tr>

<tr>

Diluted

earnings per share (RMB/Share)

</td>

0.02

</td>

-89.47%

</td>

0.26

</td>

-45.83%

</td>

</tr>

<tr>

Weighted

average ROE

</td>

0.51%

</td>

-3.67%

</td>

5.59%

</td>

-5.39%

</td>

</tr>

<tr>

</td>

The end of the

report period

</td>

The end of the

previous year

</td>

Increase/decrease

in comparison with the end of the previous year

</td>

</tr>

<tr>

Total assets (RMB )

</td>

31,909,612,693

</td>

30,362,057,312

</td>

5.10%

</td>

</tr>

<tr>

Net assets attributable to shareholders of the Company (RMB )

</td>

14,070,966,644

</td>

14,050,840,217

</td>

0.14%

</td>

</tr>

</tbody>

</table>

(II)Items and

amounts of non-recurring gains and losses

√Applicable

□Not applicable

Unit: RMB

<tbody>

<tr>

Item

</td>

The report

period

</td>

Amount from the

beginning of year to the end of the report period

</td>

Note

</td>

</tr>

<tr>

Gains/losses

from the disposal of non-current asset (including the write-off that accrued

for impairment of assets)

</td>

63,209

</td>

4,265,283

</td>

</td>

</tr>

<tr>

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)

</td>

31,056,005

</td>

89,573,362

</td>

</td>

</tr>

<tr>

In addition to the effective hedging business related to the normal

operation of the company, the profit or loss of fair value changes arising

from the holding of financial assets and financial liabilities by

non-financial enterprises and the loss or gain arising from the disposal of

financial assets and financial liabilities and available for sale financial

assets

</td>

</td>

924,109

</td>

</td>

</tr>

<tr>

Reversal

of provision for impairment of receivables that have been individually tested

for impairment

</td>

360,420

</td>

7,180,199

</td>

</td>

</tr>

<tr>

Profit and loss from debt restructuring

</td>

2,665,583

</td>

3,234,725

</td>

</td>

</tr>

<tr>

Other

non-operating income and expenditure except for the aforementioned items

</td>

-3,734,323

</td>

-1,986,024

</td>

</td>

</tr>

<tr>

Less:

Impact on income tax

</td>

4,681,173

</td>

15,739,281

</td>

</td>

</tr>

<tr>

Impact on

minority shareholders’ equity (post-tax)

</td>

394,566

</td>

1,906,848

</td>

</td>

</tr>

<tr>

Total

</td>

25,335,155

</td>

85,545,525

</td>

--

</td>

</tr>

</tbody>

</table>

<a name="_Toc988892"></a>Particulars about other gains and losses that meet

the definition of non-recurring gains and losses:

□

Applicable   √ Not applicable

It did not

exist that other profit and loss items met the definition of non-recurring

gains and losses.

Explanation

of the non-recurring gains and losses listed in the Explanatory Announcement

No.1 on Information Disclosure for Companies Offering their Securities to the

Public - Non-recurring Gains and Losses as recurring gains and losses

□

Applicable   √ Not applicable

It did not

exist that non-recurring profit and loss items listed in the Explanatory

Announcement No. 1 on Information Disclosure of Companies Offering Securities

to the Public - Non-recurring Profit and Loss were defined as recurring

profit and loss items in the report period.

(III) Particulars and explanations

about significant changes in main accounting data and financial indices

√Applicable  □Not applicable

The

Group's major accounting statement items, financial indicators changes and

reasons

Unit: RMB

<tbody>

<tr>

Item of balance sheet

</td>

Note

</td>

30 September 2024

</td>

1 January 2024

</td>

Rate of increase/decrease

</td>

</tr>

<tr>

Financing

of receivables

</td>

(1)

</td>

       692,651,276

</td>

529,945,623

</td>

31%

</td>

</tr>

<tr>

Non-current assets due within one year

</td>

(2)

</td>

</td>

84,191,224

</td>

-100%

</td>

</tr>

<tr>

Deferred tax assets

</td>

(3)

</td>

307,901,950

</td>

223,025,031

</td>

38%

</td>

</tr>

<tr>

Other non-current assets

</td>

(4)

</td>

       177,227,728

</td>

396,600,354

</td>

-55%

</td>

</tr>

<tr>

Short-term loan

</td>

(5)

</td>

       645,705,148

</td>

436,853,583

</td>

48%

</td>

</tr>

<tr>

Other payables

</td>

(6)

</td>

       341,154,337

</td>

484,741,877

</td>

-30%

</td>

</tr>

<tr>

Non-current

liabilities due within one year

</td>

(7)

</td>

    1,713,098,203

</td>

      1,248,891,979

</td>

37%

</td>

</tr>

<tr>

Other current liabilities

</td>

(8)

</td>

       280,696,087

</td>

454,332,686

</td>

-38%

</td>

</tr>

<tr>

Long-term payables

</td>

(9)

</td>

       455,894,376

</td>

88,204,163

</td>

417%

</td>

</tr>

<tr>

Special reserves

</td>

(10)

</td>

3,347,163

</td>

1,411,139

</td>

137%

</td>

</tr>

<tr>

Item of income

statement

</td>

Note

</td>

From January to September 2024

</td>

From January to September 2023

</td>

Rate of increase/decrease

</td>

</tr>

<tr>

Other

income

</td>

(11)

</td>

       163,689,941

</td>

89,046,515

</td>

84%

</td>

</tr>

<tr>

Investment income

</td>

(12)

</td>

-3,501,978

</td>

-6,890,163

</td>

-49%

</td>

</tr>

<tr>

Asset

impairment losses

</td>

(13)

</td>

-73,432,355

</td>

-84,232

</td>

87079%

</td>

</tr>

<tr>

Credit

impairment losses

</td>

(14)

</td>

9,214,780

</td>

-18,898,917

</td>

</td>

</tr>

<tr>

Asset disposal income

</td>

(15)

</td>

4,265,283

</td>

76,520

</td>

5474%

</td>

</tr>

<tr>

Non-operating income

</td>

(16)

</td>

6,367,897

</td>

13,420,148

</td>

-53%

</td>

</tr>

<tr>

Non-operating expenses

</td>

(17)

</td>

8,353,921

</td>

1,048,888

</td>

696%

</td>

</tr>

<tr>

Income tax expense

</td>

(18)

</td>

32,944,644

</td>

112,486,716

</td>

-71%

</td>

</tr>

<tr>

Net

amount of other comprehensive income after tax

</td>

(19)

</td>

-586,304

</td>

9,139,505

</td>

-106%

</td>

</tr>

</tbody>

</table>

</div>

Note:

(1)

The increase in receivables financing was mainly due to a decrease in bank

acceptance bills used as collateral for issuing bills.

(2)

The decrease of non-current assets due within one

year is mainly due to the maturity of certificates of deposit purchased

earlier.

(3)

The increase in deferred tax assets was mainly due to the decrease in profits

of some subsidiaries.

(4)

The decrease in other non-current assets was mainly due to the decrease in

prepayment for construction equipment.

(5)

The increase in short-term borrowings was mainly due to the increase in

borrowings of some subsidiaries.

(6)

The decrease in other payables was mainly due to the return of deposits and

deposits.

(7)

The increase in non-current liabilities due within one year was mainly due to

the increase in long-term borrowings due within one year.

(8)

The decrease in other current liabilities was primarily due to the reclassification

of supply chain finance instruments to notes payable.

(9)

The increase in long-term payables was mainly due to the increase in the

financial leasing business of some subsidiaries.

(10)

The increase in special reserves was mainly due to the provision of special

reserves.

(11)

The increase in other income was mainly due to an increase in tax benefits such

as the value-added tax deduction.

(12)

The change in investment income was mainly due to the increase in debt

restructuring gains.

(13)

The increase in asset impairment loss was mainly caused by the small amount in

the previous period and the provision for inventory depreciation of some

subsidiaries.

(14)

The change in credit impairment loss was mainly due to the decrease in accounts

receivable and the recovery of part of the special bad debt reserve.

(15)

The increase in income from asset disposal was mainly due to the increase in

income from the disposal of non-current assets of some subsidiaries and the

smaller amount in the previous period.

(16)

The decrease in non-operating income was mainly due to changes such as

unpayable payments.

(17)

The increase in non-operating expenses was mainly due to changes in the

disposal of non-current assets by some subsidiaries.

(18)

The decrease in income tax expense was mainly due to the decrease in the total

profit of some subsidiaries.

(19)

The change in net other comprehensive income after tax is mainly due to the

change in the translation difference of the foreign currency statements.

<a name="_Toc988894"></a>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:

<tbody>

<tr>

Total number of common shareholders at the end of

the report period

</td>

143,177

</td>

Total number of preference shareholders with

voting rights recovered at end of report period (if applicable)

</td>

0

</td>

</tr>

<tr>

Particulars

about the shareholdings of the top ten shareholders（Excluding shares lent through refinancing）

</td>

</tr>

<tr>

Name of shareholder

</td>

Nature of

shareholder

</td>

Proportion

of shares held (%)

</td>

Amount of

shares held

</td>

Amount of

restricted shares held

</td>

Number of

share pledged, marked or frozen

</td>

</tr>

<tr>

Share

status

</td>

Amount

</td>

</tr>

<tr>

Foresea

Life Insurance Co., Ltd. – HailiNiannian

</td>

Domestic

non state-owned legal person

</td>

15.19%

</td>

466,386,874

</td>

0

</td>

</td>

</td>

</tr>

<tr>

# Shenzhen Sigma C&T Co., Ltd.

</td>

Domestic

non state-owned legal person

</td>

3.92%

</td>

120,385,406

</td>

0

</td>

</td>

</td>

</tr>

<tr>

Foresea

Life Insurance Co., Ltd. – Universal Insurance Products

</td>

Domestic

non state-owned legal person

</td>

3.86%

</td>

118,425,007

</td>

0

</td>

</td>

</td>

</tr>

<tr>

Foresea

Life Insurance Co., Ltd. – Own Fund

</td>

Domestic

non state-owned legal person

</td>

2.11%

</td>

64,765,161

</td>

0

</td>

</td>

</td>

</tr>

<tr>

China

Galaxy International Securities (Hong Kong) Co., Limited

</td>

Foreign

legal person

</td>

1.34%

</td>

41,034,578

</td>

0

</td>

</td>

</td>

</tr>

<tr>

Hong

Kong Securities Clearing Co., Ltd.

</td>

Foreign

legal person

</td>

0.96%

</td>

29,353,250

</td>

0

</td>

</td>

</td>

</tr>

<tr>

Zhongshan

Runtian Investment Co., Ltd.

</td>

Domestic

non state-owned legal person

</td>

0.62%

</td>

18,983,447

</td>

0

</td>

Pledged

</td>

18,980,000

</td>

</tr>

<tr>

Frozen

</td>

18,983,447

</td>

</tr>

<tr>

China Merchants Securities (Hong Kong) Limited

</td>

Foreign

legal person

</td>

0.60%

</td>

18,335,611

</td>

0

</td>

</td>

</td>

</tr>

<tr>

VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND

</td>

Foreign

legal person

</td>

0.57%

</td>

17,537,213

</td>

0

</td>

</td>

</td>

</tr>

<tr>

VANGUARD EMERGING MARKETS STOCK INDEX FUND

</td>

Foreign

legal person

</td>

0.56%

</td>

17,102,195

</td>

0

</td>

</td>

</td>

</tr>

<tr>

Particular

about top ten shareholders with un-restricted shares held

（Excluding shares lent through refinancing and executive lock-in shares）

</td>

</tr>

<tr>

Name of

shareholder

</td>

Amount of

unrestricted shares held

</td>

Type of

shares

</td>

</tr>

<tr>

Type

</td>

Amount

</td>

</tr>

<tr>

Foresea

Life Insurance Co., Ltd. – HailiNiannian

</td>

466,386,874

</td>

RMB ordinary

shares

</td>

466,386,874

</td>

</tr>

<tr>

# Shenzhen Sigma C&T Co., Ltd.

</td>

120,385,406

</td>

RMB

ordinary shares

</td>

120,385,406

</td>

</tr>

<tr>

Foresea

Life Insurance Co., Ltd. – Universal Insurance Products

</td>

118,425,007

</td>

RMB

ordinary shares

</td>

118,425,007

</td>

</tr>

<tr>

Foresea

Life Insurance Co., Ltd. – Own Fund

</td>

64,765,161

</td>

RMB

ordinary shares

</td>

64,765,161

</td>

</tr>

<tr>

China

Galaxy International Securities (Hong Kong) Co., Limited

</td>

41,034,578

</td>

Domestically listed foreign shares

</td>

41,034,578

</td>

</tr>

<tr>

Hong

Kong Securities Clearing Co., Ltd.

</td>

29,353,250

</td>

RMB

ordinary shares

</td>

29,353,250

</td>

</tr>

<tr>

Zhongshan

Runtian Investment Co., Ltd.

</td>

18,983,447

</td>

RMB

ordinary shares

</td>

18,983,447

</td>

</tr>

<tr>

China Merchants Securities (Hong Kong) Limited

</td>

18,335,611

</td>

Domestically listed foreign shares

</td>

18,335,611

</td>

</tr>

<tr>

VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND

</td>

17,537,213

</td>

Domestically listed foreign shares

</td>

17,537,213

</td>

</tr>

<tr>

VANGUARD EMERGING MARKETS STOCK INDEX FUND

</td>

17,102,195

</td>

Domestically listed foreign shares

</td>

17,102,195

</td>

</tr>

<tr>

Statement on associated relationship or

consistent action among the above shareholders:

</td>

As of the end of the report period, 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. Shenzhen Jushenghua Co.,

Ltd., which holds 51% equity of Foresea Life Insurance Co., Ltd., holds 100%

equity of Zhongshan Runtian Investment Co.,Ltd and Chengtai Group Co. Ltd.,

through Shenzhen Hualitong Investment Co., Ltd. Chengtai Group Co., Ltd.

holds 40,187,904 shares through China Galaxy International Securities (Hong

Kong) Co., Limited.

</td>

</tr>

<tr>

Description of the top 10 shareholders

participating in margin trading (if applicable)

</td>

As of the end of the report period, shareholder Shenzhen Sigma C&T

Co., Ltd. holds 0 shares of the Company through an ordinary account, and

120,385,406 shares of the Company through the customer credit transaction

guarantee securities account of Huatai Securities Co., Ltd., totaling

120,385,406 shares of the Company.

</td>

</tr>

<tr>

</td>

</td>

</td>

</td>

</td>

</td>

</td>

</td>

</td>

</td>

</tr>

</tbody>

</table>

</div>

<a name="_Hlk174103770"></a><a name="_Toc133335121"></a><a name="_Toc133013446"></a>Special note: On July 11, 2022, at the Company's

Second Extraordinary General Meeting in 2022, Foresea Life Insurance Co., Ltd.

voted in favor of all proposals, and Zhongshan Runtian Investment Co., Ltd.

voted against all proposals, Chengtai Group Co., Ltd. voted against all the

proposals with the shares held by China Galaxy International Securities (Hong

Kong) Co., Limited; on August 3, 2022, at the Company's Third Extraordinary

General Meeting in 2022, Foresea Life Insurance Co., Ltd. voted in favor of all

proposals, and Zhongshan Runtian Investment Co., Ltd. voted against all

proposals.

<a name="_Toc988895"></a>Shareholders holding more than 5%, the top 10

shareholders and the top 10 shareholders of unlimited tradable shares

participate in the refinancing business to lend shares

<a name="OLE_LINK1953"></a><a name="OLE_LINK1955"></a><a name="OLE_LINK1954"></a>□ Applicable  √ Not applicable

The top 10 shareholders and the top 10 shareholders of unlimited

outstanding shares have changed from the previous period due to refinancing

lending/restitution reasons

□ Applicable  √ Not applicable

<a name="_Toc988896"></a>(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. <a name="OLE_LINK251"></a><a name="OLE_LINK259"></a>Ultra-short-term

financing bills

On May 16, 2022,

the Company's 2021 Annual General Meeting reviewed and approved the

"Proposal on Application for Registration and Issuance of Medium-Term

Notes and Ultra-short-term Financing Bills", which agreed that the Company

would register and issue ultra-short-term financing bills with a registered amount

of not more than RMB 1 billion, The Company can issue one or more times within

the validity period of the registration according to the actual capital needs

and the capital situation of the inter-bank market. On October 30, 2023, the

Dealers Association held the 128th registration meeting in 2023 and decided to

accept the registration of ultra-short-term financing notes with a total amount

of RMB 1 billion and a validity period of two years.

2.<a name="OLE_LINK411"></a> Medium-term notes

On May 16, 2022,

the Company's 2021 Annual General Meeting reviewed and approved the

"Proposal on Application for Registration and Issuance of Medium-term

Notes and Ultra-short-term Financing Bills", which agreed that the Company

would register and issue medium-term notes with a registered amount of not more

than RMB 2 billion. Actual capital needs and inter-bank market capital status,

can be issued one or more times within the validity period of registration. On

October 30, 2023, the Dealers Association held its 128th registration meeting

for 2023 and decided to accept the registration of medium-term notes with a

total value of RMB 2 billion and a validity period of two years.

Guarantee situation

The

2023 Annual General Meeting of the Company reviewed and passed the Proposal for

the 2024 Guarantee Plan, and approved the Company and its subsidiaries to

provide guarantees in a total amount of not exceeding RMB 24,400 million

(including the effective and unexpired amount) for the 2024 credit lines from

financial institutions to guaranteed entities within the scope of consolidated

statements.  Among them, the total amount

of guarantees for all guaranteed entities with asset liability ratio of 70% or

above shall not exceed the equivalent amount of RMB 2,000 million (including

the effective and unexpired amount). The Company’s external guarantees are all

provided for subsidiaries within the scope of consolidated statement. As of 30

September 2024, the actual guarantee balance was RMB 8,054.79 million (of which

the actual guarantee balance with liability/asset ratio of 70% or above was RMB

468 million), accounting for 57.33% of the parent company’s audited net assets

of RMB 14,050.84 million at the end of 2023, and 26.53% of the audited net

assets of RMB 30,362.06 million. The Company has no overdue guarantee.

The Company’s 2022 Annual General Meeting reviewed and

passed the Proposal on the Development of Asset Pool Business in 2023.

In order to achieve the overall management of the Company’s assets such as

bills and letters of credit, the General Meeting of Shareholders approved the

Company and its subsidiaries to conduct asset pool business of no more than RMB

1.6 billion. Under the premise of controllable risks, various guarantee methods

such as maximum pledge, general pledge, deposit certificate pledge, bill

pledge, and margin pledge can be adopted for business development. As of September 30, 2024, the actual pledge amount of

the asset pool business was RMB 1,052.75 million, and the financing balance was

RMB1,028.53 million.

The matter of the special fund of RMB 171 million for talent introduction

Regarding the special fund of RMB 171 million for

talent introduction, the Company filed an infringement compensation lawsuit against

Zeng Nan and others and Yichang Hongtai Real Estate Co., Ltd. on December 15,

2021, and Shenzhen Intermediate People's Court officially accepted it on

January 28, 2022. The first trial of the case was completed in Shenzhen

Intermediate People's Court on June 21, 2022. On 4 June 2024, the Company received the Civil Judgment

of the first instance issued by Shenzhen Intermediate People's Court, which

rejected all of the Company's litigation requests. In June 2024,

the Company filed an appeal to

Guangdong Higher People's Court. The Guangdong Provincial High People's Court

organized a court investigation on September 12, 2024, and the case is

currently in the process of the second instance.

<a name="_Toc988897"></a>5. Postponed re-election of the

Board of Directors and the Supervisory Committee

The term of

office of the ninth Board of Directors and Supervisory Committee of the Company

expired on 21 May 2023, and re-election

is progressing steadily as of now. According to Articles 96 and 138 of the Articles of Association of CSG Holding Co.,

Ltd., if a new director/supervisor is not re-elected in time upon the

expiry of the term of office of a director/supervisor, before the re-elected

director/supervisor assumes his/her office, the former director/supervisor

shall still perform the duties of a director/supervisor in accordance with the

provisions of laws, administrative regulations, departmental rules and the

Articles of Association. Therefore, the members of the ninth Board of Directors

and Supervisory Committee are still performing their duties in a normal manner,

and the re-election of the Board of Directors and the Supervisory Committee

would not have any adverse impact on the Company’s operation and governance.

= 4 \* ROMAN IV.

Quarterly financial statement

<a name="OLE_LINK496"></a>(I)

Financial Statements

1. Consolidated Balance Sheet

Prepared by CSG Holding Co., Ltd.

September 30,

2024

Unit:

RMB

<tbody>

<tr>

Item

</td>

Ending balance

</td>

Opening balance

</td>

</tr>

<tr>

Current asset:

</td>

</td>

</td>

</tr>

<tr>

Monetary capital

</td>

3,111,040,036

</td>

3,076,774,218

</td>

</tr>

<tr>

Notes receivable

</td>

1,426,875,087

</td>

1,593,520,494

</td>

</tr>

<tr>

Accounts receivable

</td>

1,818,343,894

</td>

1,881,796,408

</td>

</tr>

<tr>

Receivables financing

</td>

692,651,276

</td>

529,945,623

</td>

</tr>

<tr>

Prepayments

</td>

110,874,707

</td>

155,476,645

</td>

</tr>

<tr>

Other receivables

</td>

169,551,648

</td>

177,957,033

</td>

</tr>

<tr>

Inventory

</td>

1,932,562,851

</td>

1,590,224,795

</td>

</tr>

<tr>

Non-current assets due within one year

</td>

</td>

84,191,224

</td>

</tr>

<tr>

Other current assets

</td>

443,522,008

</td>

352,066,698

</td>

</tr>

<tr>

Total current assets

</td>

9,705,421,507

</td>

9,441,953,138

</td>

</tr>

<tr>

Non-current assets:

</td>

</td>

</td>

</tr>

<tr>

Investment real estate

</td>

292,711,858

</td>

290,368,105

</td>

</tr>

<tr>

Fixed assets

</td>

13,530,838,235

</td>

13,145,568,631

</td>

</tr>

<tr>

Construction in progress

</td>

5,454,006,557

</td>

4,325,016,420

</td>

</tr>

<tr>

Right-of-use assets

</td>

20,184,637

</td>

21,637,628

</td>

</tr>

<tr>

Intangible assets

</td>

2,393,471,529

</td>

2,490,530,224

</td>

</tr>

<tr>

Goodwill

</td>

8,593,352

</td>

8,593,352

</td>

</tr>

<tr>

Long-term prepaid expenses

</td>

19,255,340

</td>

18,764,429

</td>

</tr>

<tr>

Deferred tax assets

</td>

307,901,950

</td>

223,025,031

</td>

</tr>

<tr>

Other non-current assets

</td>

177,227,728

</td>

396,600,354

</td>

</tr>

<tr>

Total non-current assets

</td>

22,204,191,186

</td>

20,920,104,174

</td>

</tr>

<tr>

Total assets

</td>

31,909,612,693

</td>

30,362,057,312

</td>

</tr>

<tr>

Current liabilities:

</td>

</td>

</td>

</tr>

<tr>

Short-term loan

</td>

645,705,148

</td>

436,853,583

</td>

</tr>

<tr>

Notes payable

</td>

2,235,897,363

</td>

2,041,353,189

</td>

</tr>

<tr>

Accounts payable

</td>

3,654,912,439

</td>

3,341,624,602

</td>

</tr>

<tr>

Contractual liabilities

</td>

375,536,651

</td>

362,538,795

</td>

</tr>

<tr>

Payroll payable

</td>

377,491,165

</td>

483,337,796

</td>

</tr>

<tr>

Taxes payable

</td>

124,289,876

</td>

123,407,413

</td>

</tr>

<tr>

Other payables

</td>

341,154,337

</td>

484,741,877

</td>

</tr>

<tr>

Including: interest payable

</td>

8,709,606

</td>

8,751,408

</td>

</tr>

<tr>

Non-current liabilities due within one year

</td>

1,713,098,203

</td>

1,248,891,979

</td>

</tr>

<tr>

Other current liabilities

</td>

280,696,087

</td>

454,332,686

</td>

</tr>

<tr>

Total current liabilities

</td>

9,748,781,269

</td>

8,977,081,920

</td>

</tr>

<tr>

Non-current liabilities:

</td>

</td>

</td>

</tr>

<tr>

Long term borrowing

</td>

6,597,982,971

</td>

6,221,648,676

</td>

</tr>

<tr>

Lease liability

</td>

14,439,865

</td>

15,134,562

</td>

</tr>

<tr>

Long- term payables

</td>

455,894,376

</td>

88,204,163

</td>

</tr>

<tr>

Provisions

</td>

12,126,358

</td>

13,050,082

</td>

</tr>

<tr>

Deferred income

</td>

465,083,207

</td>

430,143,830

</td>

</tr>

<tr>

Deferred income tax liabilities

</td>

72,044,171

</td>

80,087,910

</td>

</tr>

<tr>

Total non-current liabilities

</td>

7,617,570,948

</td>

6,848,269,223

</td>

</tr>

<tr>

Total Liabilities

</td>

17,366,352,217

</td>

15,825,351,143

</td>

</tr>

<tr>

Owners' equity:

</td>

</td>

</td>

</tr>

<tr>

Share capital

</td>

3,070,692,107

</td>

3,070,692,107

</td>

</tr>

<tr>

Capital reserve

</td>

590,739,414

</td>

590,739,414

</td>

</tr>

<tr>

Other comprehensive income

</td>

176,798,167

</td>

177,384,471

</td>

</tr>

<tr>

Special reserves

</td>

3,347,163

</td>

1,411,139

</td>

</tr>

<tr>

Surplus reserve

</td>

1,404,063,298

</td>

1,404,063,298

</td>

</tr>

<tr>

Undistributed profit

</td>

8,825,326,495

</td>

8,806,549,788

</td>

</tr>

<tr>

Total owner's equity attributable to the parent

company

</td>

14,070,966,644

</td>

14,050,840,217

</td>

</tr>

<tr>

Minority shareholders' equity

</td>

472,293,832

</td>

485,865,952

</td>

</tr>

<tr>

Total owner's equity

</td>

14,543,260,476

</td>

14,536,706,169

</td>

</tr>

<tr>

Total Liabilities and Owner's Equity

</td>

31,909,612,693

</td>

30,362,057,312

</td>

</tr>

</tbody>

</table>

Legal

Representative:Chen Lin  Principal in

charge of accounting: Wang Wenxin 

Principal of the financial department:Wang Wenxin

<a name="_Toc988900"></a>2. Consolidated income statement from the beginning of the year to

the end of the report period

Unit: RMB

<tbody>

<tr>

Item

</td>

Balance of

this period

</td>

Balance of

last period

</td>

</tr>

<tr>

I. Total operating income

</td>

11,836,882,741

</td>

13,479,933,172

</td>

</tr>

<tr>

Including: operating income

</td>

11,836,882,741

</td>

13,479,933,172

</td>

</tr>

<tr>

II. Total operating costs

</td>

11,129,310,130

</td>

11,986,880,573

</td>

</tr>

<tr>

Including:

Operating costs

</td>

9,579,246,755

</td>

10,411,924,063

</td>

</tr>

<tr>

Taxes and surcharges

</td>

103,202,022

</td>

119,629,477

</td>

</tr>

<tr>

sales expense

</td>

218,271,462

</td>

227,015,823

</td>

</tr>

<tr>

Management costs

</td>

604,663,531

</td>

566,835,376

</td>

</tr>

<tr>

R&D expenses

</td>

492,247,639

</td>

547,735,584

</td>

</tr>

<tr>

Financial expenses

</td>

131,678,721

</td>

113,740,250

</td>

</tr>

<tr>

Including: interest expense

</td>

175,763,557

</td>

168,803,141

</td>

</tr>

<tr>

Interest income

</td>

43,019,119

</td>

59,319,450

</td>

</tr>

<tr>

Plus: other

income

</td>

163,689,941

</td>

89,046,515

</td>

</tr>

<tr>

Investment income (“-” for loss)

</td>

-3,501,978

</td>

-6,890,163

</td>

</tr>

<tr>

Credit impairment loss (“-” for loss)

</td>

9,214,780

</td>

-18,898,917

</td>

</tr>

<tr>

Asset impairment loss  (“-” for

loss)

</td>

-73,432,355

</td>

-84,232

</td>

</tr>

<tr>

Asset disposal income (“-” for loss)

</td>

4,265,283

</td>

76,520

</td>

</tr>

<tr>

III. Operating profit (“-” for loss)

</td>

807,808,282

</td>

1,556,302,322

</td>

</tr>

<tr>

Plus: non-operating income

</td>

6,367,897

</td>

13,420,148

</td>

</tr>

<tr>

Less: non-operating expenses

</td>

8,353,921

</td>

1,048,888

</td>

</tr>

<tr>

IV. Gross profit (“-” for loss)

</td>

805,822,258

</td>

1,568,673,582

</td>

</tr>

<tr>

Less: Income tax expenses

</td>

32,944,644

</td>

112,486,716

</td>

</tr>

<tr>

V. Net profit (“-” for net loss)

</td>

772,877,614

</td>

1,456,186,866

</td>

</tr>

<tr>

(I) Classification by business continuity

</td>

</td>

</td>

</tr>

<tr>

1. Net profit from continuing operations (“-” for net loss)

</td>

772,877,614

</td>

1,456,186,866

</td>

</tr>

<tr>

(II) )Classification by ownership

</td>

</td>

</td>

</tr>

<tr>

1. Net profit attributable to the owners of parent company(“-” for net

loss)

</td>

786,449,734

</td>

1,466,672,010

</td>

</tr>

<tr>

2. Minor shareholders’ equity(“-” for net loss)

</td>

-13,572,120

</td>

-10,485,144

</td>

</tr>

<tr>

VI. Net amount of other gains after tax

</td>

-586,304

</td>

9,139,505

</td>

</tr>

<tr>

Net amount of other gains after tax attributable to owners of parent

company

</td>

-586,304

</td>

9,139,505

</td>

</tr>

<tr>

(I)Other comprehensive income that will be reclassified into profit or

loss

</td>

-586,304

</td>

9,139,505

</td>

</tr>

<tr>

1. Foreign currency financial statement translation difference

</td>

-586,304

</td>

9,139,505

</td>

</tr>

<tr>

VII. Total comprehensive incomes

</td>

772,291,310

</td>

1,465,326,371

</td>

</tr>

<tr>

(I)Total comprehensive incomes attributable to the owners of the parent

company

</td>

785,863,430

</td>

1,475,811,515

</td>

</tr>

<tr>

(II) Total comprehensive incomes attributable to the

minor shareholders

</td>

-13,572,120

</td>

-10,485,144

</td>

</tr>

<tr>

VIII.  Earnings per share:

</td>

</td>

</td>

</tr>

<tr>

(I) Basic earnings per share

</td>

0.26

</td>

0.48

</td>

</tr>

<tr>

(II) Diluted earnings per share

</td>

0.26

</td>

0.48

</td>

</tr>

</tbody>

</table>

Legal Representative:Chen Lin  Principal in charge of accounting: Wang

Wenxin  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

<tbody>

<tr>

Item

</td>

Balance of this

period

</td>

Balance of

last period

</td>

</tr>

<tr>

I. Net cash flow from business operation

</td>

</td>

</td>

</tr>

<tr>

Cash received from sales of products and providing of services

</td>

12,544,628,953

</td>

12,804,613,983

</td>

</tr>

<tr>

Tax

returned

</td>

33,479,348

</td>

142,833,477

</td>

</tr>

<tr>

Other cash received from business operation

</td>

195,290,801

</td>

241,778,916

</td>

</tr>

<tr>

Sub-total of cash inflow from business activities

</td>

12,773,399,102

</td>

13,189,226,376

</td>

</tr>

<tr>

Cash paid

for purchasing of merchandise and services

</td>

8,796,586,514

</td>

8,894,605,626

</td>

</tr>

<tr>

Cash paid to staffs or paid for staffs

</td>

1,696,953,881

</td>

1,639,320,393

</td>

</tr>

<tr>

Taxes paid

</td>

514,942,141

</td>

723,844,134

</td>

</tr>

<tr>

Other cash paid for business activities

</td>

412,088,852

</td>

307,209,951

</td>

</tr>

<tr>

Sub-total of cash outflow from business

activities

</td>

11,420,571,388

</td>

11,564,980,104

</td>

</tr>

<tr>

Net cash flow generated by business operation

</td>

1,352,827,714

</td>

1,624,246,272

</td>

</tr>

<tr>

II. Cash flow generated by investing

</td>

</td>

</td>

</tr>

<tr>

Cash received from investment recovery

</td>

262,800,000

</td>

20,000,000

</td>

</tr>

<tr>

Cash received from investment income

</td>

5,760,233

</td>

1,151,742

</td>

</tr>

<tr>

Net cash retrieved from disposal of fixed assets, intangible assets, and

other long-term assets

</td>

22,364,672

</td>

330,178

</td>

</tr>

<tr>

Other investment-related cash received

</td>

</td>

37,246,122

</td>

</tr>

<tr>

Sub-total of cash inflow due to investment

activities

</td>

290,924,905

</td>

58,728,042

</td>

</tr>

<tr>

Cash paid for construction of fixed assets,

intangible assets and other long-term assets

</td>

1,852,370,153

</td>

3,356,862,925

</td>

</tr>

<tr>

Cash paid for investment

</td>

169,254,000

</td>

20,000,000

</td>

</tr>

<tr>

Obtain net cash payments from subsidiaries and other operating units

</td>

</td>

696,000

</td>

</tr>

<tr>

Other cash paid for investment activities

</td>

33,644,589

</td>

</td>

</tr>

<tr>

Sub-total of cash outflow due to investment activities

</td>

2,055,268,742

</td>

3,377,558,925

</td>

</tr>

<tr>

Net cash flow generated by investment

</td>

-1,764,343,837

</td>

-3,318,830,883

</td>

</tr>

<tr>

III. Cash flow generated by financing

</td>

</td>

</td>

</tr>

<tr>

Absorb cash received from investment

</td>

</td>

68,000,000

</td>

</tr>

<tr>

Including: cash received by the subsidiary from absorbing minority

shareholders' investment

</td>

</td>

68,000,000

</td>

</tr>

<tr>

Cash received as loans

</td>

2,632,768,993

</td>

2,766,410,839

</td>

</tr>

<tr>

Other financing-related cash received

</td>

458,231,000

</td>

12,000,000

</td>

</tr>

<tr>

Subtotal of cash inflow from financing activities

</td>

3,090,999,993

</td>

2,846,410,839

</td>

</tr>

<tr>

Cash to

repay debts

</td>

1,602,050,543

</td>

2,430,592,680

</td>

</tr>

<tr>

Cash paid as dividend, profit, or interests

</td>

977,850,781

</td>

748,477,707

</td>

</tr>

<tr>

Other cash paid for financing activities

</td>

103,595,003

</td>

46,582,943

</td>

</tr>

<tr>

Subtotal of cash outflow due to financing

activities

</td>

2,683,496,327

</td>

3,225,653,330

</td>

</tr>

<tr>

Net cash flow generated by financing

</td>

407,503,666

</td>

-379,242,491

</td>

</tr>

<tr>

IV. Influence of exchange rate alternation on

cash and cash equivalents

</td>

5,518,632

</td>

5,115,862

</td>

</tr>

<tr>

V. Net increase of cash and cash equivalents

</td>

1,506,175

</td>

-2,068,711,240

</td>

</tr>

<tr>

Plus: Balance of cash and cash equivalents at the beginning of term

</td>

3,051,261,655

</td>

4,594,018,251

</td>

</tr>

<tr>

VI. Balance of cash and cash equivalents at the

end of term

</td>

3,052,767,830

</td>

2,525,307,011

</td>

</tr>

</tbody>

</table>

<a name="_Toc988902"></a>Legal Representative:Chen Lin  Principal in charge of accounting: Wang

Wenxin  Principal of the financial

department:Wang Wenxin

<a name="_Toc988903"></a>（II）Implementation of new accounting

standards for the first time starting from 2024, 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.

30 October 2024

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