深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
Shenzhen Victor Onward Textile Industrial Co., Ltd.
The First Quarterly Report 2013（Full Text）
April 2013
深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
§1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
Mr.Hu Yongfeng, The Company leader, Mr. Zhang Jinliang, Chief financial officer and the Mr..Ren
Changzheng, the person in charge of the accounting department (the person in charge of the accounting )hereby
confirm the authenticity and completeness of the financial report enclosed in this Quarterly Report .
All the directors attended the board meeting for reviewing the Quarterly Report.
深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
II.Main financial data and changes of shareholders
（1）Main financial data
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not.
□ Yes √ No
January-March 2013 January-March 2012 Increase /decrease（％）
Operating income（RMB） 2,430,392.00 2,500,956.00 -2.82%
Net profit attributable to the shareholders
-2,662,785.00 -233,111.00 1,042.28%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -2,645,703.00 -233,111.00 1,042.28%
listed company（RMB）
Cash flow generated by business operation,
987,246.00 571,809.00 72.65%
net（RMB）
Basic earning per share(RMB/Share) -0.02
Diluted gains per
-0.02
share(RMB/Share)(RMB/Share)
Weighted average return on equity
-2.27% -0.2% -2.07%
（%）
March 31, 2013 December 31, 2012 Increase /decrease（％）
Gross assets（RMB） 159,829,127.00 172,002,557.00 -7.08%
Net profit attributable to the shareholders
116,094,186.00 118,852,391.00 -2.32%
of the listed company（RMB）
Items of non-current gains and losses
√ applicable □ not applicable
Unit：RMB
Amount (Year-beginning to
Non-recurring gain and loss items Notes（If applicable）
the end of the report period.)
Non-current asset disposal gain/loss(including the write-off part
-19,024.00
for which assets impairment provision is made)
Other non-business income and expenditures other than the above 1,942.00
Total -17,082.00 --
深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
(2) Total number of shareholders at the end of report period and Particular about shares held by top ten
shareholders
Unit：Shares
Total number of shareholders at the
10,166
end of report period
Particular about shares held by top ten shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Union Domestic Non-
Holdings Co., State-owned legal 25.51% 43,141,032
Ltd. person
STYLE-SUCC Foreign
14.46% 24,466,029
ESS LIMITED shareholder
Shenzhen
Textile State-owned
5.46% 9,233,394
(Group)Holdin Legal person
gs Ltd
Rich Crown
Foreign
Investment Co., 3.62% 6,114,556
shareholder
Ltd.
Union Domestic Non-
Development State-owned legal 3.44% 5,821,089
Group Co., Ltd. person
Liuzhou Jiali Domestic Non-
Real estate legal person
2.49% 4,220,000
Development State-owned legal
Co., ltd. person
Foreign Natural
Zeng Ying 1.21% 2,039,600
person
Liuzhou
Domestic Non-
Ruiheng
State-owned legal 1.01% 1,700,000
Mechatronics
person
Co., Ltd.
Shing Ying Foreign Natural
0.84% 1,413,962
Chieh person
KGI ASIA Foreign
0.53% 889,650
LIMITED shareholder
深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
RMB Common
Union Holdings Co., Ltd. 43,141,032 43,141,032
shares
Foreign shares
placed in
STYLE-SUCCESS LIMITED 24,466,029 24,466,029
domestic
exchange
Shenzhen Textile (Group)Holdings RMB Common
9,233,394 9,233,394
Ltd shares
Foreign shares
placed in
Rich Crown Investment Co., Ltd. 6,114,556 6,114,556
domestic
exchange
RMB Common
Union Development Group Co., Ltd 5,821,089 5,821,089
shares
Liuzhou Jiali Real estate RMB Common
4,220,000 4,220,000
Development Co., ltd. shares
Foreign shares
placed in
Zeng Ying 2,039,600 2,039,600
domestic
exchange
Liuzhou Ruiheng RMB Common
1,700,000 1,700,000
Mechatronics Co., Ltd. shares
Foreign shares
placed in
Shing Ying Chieh 1,413,962 1,413,962
domestic
exchange
Foreign shares
placed in
KGI ASIA LIMITED 889,650 889,650
domestic
exchange
Notes to the related relationship The controlling shareholder of the above-mentioned largest shareholder Shenzhen Union
between the shareholders or their Holdings Ltd.and fourth shareholder Rich Crown Investment Co., Ltd.. Is Union
concerted action Development Group Ltd.
深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
§3 Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
1.Analysis of the reason for big change of the items of balance sheet of the Company as of the end of the report period. Unit: RMB
Items March 31,2013 December 31, 2012 Amount of increased / Proportion increased
decreased decreased
Monetary fund 43,119,477 52,227,262 -9,107,785 -17.43%
Bill receivable 1,000,000 1,500,000 -500,000 -33.33%
Inventories 0 101,536 -101,536 -100%
Other account payable 22,336,731 32,227,317 -9,890,586 -30.69%
(1) Monetary capital decreased by RMB 9,107,785 and 17.43% mainly due to payment of loan principal of RMB 10 million to Union
Group;
(2) Bills receivable decreased by RMB 500,000 mainly due to cashing of banker's acceptance bills in the amount of RMB 0.5
million;
(3) Inventories decreased by RMB 101,536 mainly because this part of inventories will be packed with fixed assets for disposal due
to bad condition of storage;
(4) Other payables decreased by RMB 9,890,586 mainly due to decrease of loan principal owed by Nanhua Company to Union
Group by RMB 10 million.
2..In the report period, Analysis of the reason for big change of the items of profit statement
In the period from January 2013 to March 2013,the company earned operating income of RMB 2.43 million on accumulative basis,
which decreased by RMB0.07 million and 2.82% year on year. Net profit is RMB- 2.66 million. compare to the data last year same
period, which loss increased by RMB 2.43 million.
⑴Analysis of reason for decrease of operating income：
Affected by the real estate rental situation
⑵The main reason for increased of amount of loss：
Due to Equity method accounted for earnings losses of the investment enterprises
3.Analysis of the reason for big change of the items of cash flow statement of the Company in the report period.
Unit：RMB
Items This period Same period of last year Amount of Proportion
increased/decreased Increased/ decreased
Net cash flows arising form
Operating activities 987,246 571,809 415,437 72.65%
Net cash flows from
investing activities 5,539 4,819 720 14.94%
Net cash flows from
financing activities -10,000,000 0 -10,000,000 -100%
The influence of change
in exchange rate -100,570 -2,933 -97,637 -99.00%
Net increase of cash and
深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
cash equivalents -9,107,785 573,695 -9,681,480 -1,687.56%
⑴At the end of the report period, Net cash flows from operating activities increased by RMB 415,437 year on
year；
⑵At the end of the report period, Net cash flows from investing activities increased by RMB 720 year on year;
⑶At the end of the report period, There were no net cash flows from financing activities decreased by RMB 10,000,000 year on
year；
⑷At the end of the report period, the influence of change in exchange rate on cash and cash equivalents decreased by RMB97,637
year on year;
⑸At the end of the report period, net increase in cash and cash equivalents decreased by RMB9,681,480 year on year.
II. The progress of significant events and influence, as well as the analysis and explanation on
resolving proposal.
(1 Since March 2007, Shenzhen Victor Onward Textile Industrial Co., Ltd. stopped production and dismissed
most of workers. And most subsidiaries of the company had stopped production and it maintained daily operation
by house leasing.
Except that Shenzhen East Asia Victor Onward Textile Printing and Dyeing Co., Ltd. is still
operating normally, other 5 subsidiaries controlled by the Company have stopped operation or are
maintaining daily operation by house property lease. The Company planned to invest in the joint
venture project of Nanjing East Asia Textile Printing and Dyeing Co., Ltd. with partial machinery
and equipment in 2007. Due to change of foundation of joint venture and prospect of the industry,
the capital increase was not completed. On June 4, 2012, The company has instituted court action
against below three companies at Jiangsu Province Higher People's Court, and asked to terminate
the contracts and agreements signed with Nanjing East Asia Textile Printing & Dyeing Co., Ltd.,
Nanjing East Asia Investment & Development Group Co., Ltd. and Hong Kong Yaojunxing Co.,
Ltd., who shall pay RMB47,922,902.92 to the company for the pecuniary loss of implicative
compensation and undertake the costs of litigation. The company has received the
Su-Shang-Wai-Chu-Zi No.0002 (2012) of “Notice on Indictment Acceptance and Collegial Panel
Announcement” issued by Jiangsu Province Higher People's Court on June 14, 2012. The case
hasn’t yet been tried,
(II) The stocks of the Company will be subject to special treatment for caution of delisting risk after the disclosure of 2012 annual report
As the audited net profits of the Company for 2011 and 2012 were negative, Shenzhen Stock Exchange will give special
treatment to the stocks of the Company for the caution of delisting risk according to relevant regulations including Stock Listing
Rules of Shenzhen Stock Exchange. The stocks of the Company will be subject to special treatment for caution of delisting risk after
the disclosure of 2012 annual report.
According to Stock Listing Rules of Shenzhen Stock Exchange, the listing of the stocks of the
Company will be suspended from the day of announcement of 2013 annual report if its audited net
profit for 2013 is still negative. In case of failure to reverse loss according to the annual report for
the latest period disclosed within statutory time limit, the stocks of the Company will face the risk
深圳中冠纺织印染股份有限公司 2013 年第一季度报告全文
of termination of listing.
In order to try to have the caution of delisting risk revoked, the Company will make all efforts to
enhance operating efficiency and increase return through various measures and take \"reversing loss
into profit\" as the priority target of production and operation for the year in 2013.
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