深圳中冠纺织印染股份有限公司 2014 半年度报告全文
Shenzhen Victor Onward Textile Industrial Co., Ltd.
The Semi-annual Report 2014
August 2014
深圳中冠纺织印染股份有限公司 2014 年半年度报告全文
I. Important Notice, Table of Contents and Definitions
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.
All the directors attended the board meeting for reviewing this report.
The Company has no plan of cash dividends carried out, bonus issued and capitalizing of common reserves either.
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 semi-annual report.
深圳中冠纺织印染股份有限公司 2014 年半年度报告全文
Table of Contents
2014 Semi-Annual Report
I..Important Notice, Table of contents and Definitions
II. Basic Information of the Company
III. Summary of Accounting Highlights and Business Highlights
IV. Report of the Board of Directors
V. Important Events
VI. Change of share capital and shareholding of Principal Shareholders
VII. Situation of the Preferred Shares
VIII. Information about Directors, Supervisors and Senior Executives
IX. Financial Report
X. Documents available for inspection
深圳中冠纺织印染股份有限公司 2014 年半年度报告全文
Definition
Refers
Terms to be defined Definition
to
Refers
Company/The Company/ Shenzhen Victor Onward Textile Industrial Co., Ltd.
to
Refers
Company Law Company Law of the People’s Republic of China
to
Refers
Securities Law Securities Law of the People’s Republic of China
to
Refers
―CSRC‖ China Securities Regulatory Commission
to
Refers
Yuan RMB yuan
to
深圳中冠纺织印染股份有限公司 2014 年半年度报告全文
II. Basic Information of the Company
1. Company Information
Victor Onward A, Victor Onward
Stock abbreviation Stock code： 000018、200018
B
Short form of the Stock
after changed (if Victor Onward A, Victor Onward B
applicable)
Stock exchange for
Shenzhen Stock Exchange
listing：
Name in Chinese 深圳中冠纺织印染股份有限公司
Chinese Abbreviation (If
中冠
any)
English name (If any) Shenzhen Victor Onward Textile Industrial Co., Ltd
English abbreviation (If
VICTOR ONWARD
any)
Legal Representative Hu Yongfeng
2. Contact person and contact manner
Board secretary Securities affairs Representative
Name Zhang Jinliang Wu Xia
Room 1308, Hualiang Building, Room 1308, Hualiang Building,
Contact address No.2008 Shennan Zhong Road, No.2008 Shennan Zhong Road,
Shenzhen Shenzhen
Tel （755）83668425 （755）83667895
Fax （755）83668427 （755）83668427
E-mail zhangjl@udcgroup.com wux@udcgroup.com
3.Other
(1)Way to contact the Company
Whether registrations address, offices address and codes as well as website and email of the Company changed in
reporting period or not
□ Applicable □√ Not Applicable
The registered address, office address and their postal codes, website address and email address of the Company did not change
during the reporting period. The said information can be found in the 2013 Annual Report.
深圳中冠纺织印染股份有限公司 2014 年半年度报告全文
（2）About information disclosure and where this report is placed
Did any change occur to information disclosure media and where this report is placed during the reporting period?
□ Applicable √ Not applicable
The newspapers designated by the Company for information disclosure, the website designated by CSRC for
disclosing this report and the location where this report is placed did not change during the reporting period. The
said information can be found in the 2013 Annual Report.
（3）Registration changes of the Company
Whether registration has changed in reporting period or not
□ Applicable √ Not applicable
Date/place for registration of the Company, registration nmber for enterprise legal license number of taxation
registration and organization code have no change in reporting period, found more details in annual report 2013.
深圳中冠纺织印染股份有限公司 2014 年半年度报告全文
III. Summary of Accounting Data and Financial Indicators
1.Summary of accounting /Financial Data
May the Company make retroactive adjustment or restatement of the accounting data of the previous years due to
change of the accounting policy and correction of accounting errors.
□Yes √No
Reporting period Same period of last year YoY+/-（%）
Operating income（RMB） 5,077,451.00 4,990,626.00 1.74%
Net profit attributable to the
shareholders of the listed company 738,330.00 -4,123,606.00 -117.90%
（RMB）
Net profit after deducting of
non-recurring gain/loss attributable
740,248.00 -1,708,492.00 -143.33%
to the shareholders of listed company
（RMB）
Cash flow generated by business
2,708,214.00 1,949,440.00 38.92%
operation, net（RMB）
Basic earning per share(RMB/Share) 0.004 -0.02 -120.00%
Diluted gains per
0.004 -0.02 -120.00%
share(RMB/Share)(RMB/Share)
Weighted average ROE(%) 0.58% -3.53% 4.11%
As at the end of the As at the end of last
YoY+/-（%）
reporting period year
Gross assets (RMB) 195,275,060.00 170,502,789.00 14.53%
Net assets attributable to
127,320,991.00 126,320,072.00 0.79%
shareholders of the Company（RMB）
2.Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Items Amount Notes
Gain/loss from disposal of non-current assets, including the part
-1,918.00
offset with the provision for impairment of assets
Total -1,918.00 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
深圳中冠纺织印染股份有限公司 2014 年半年度报告全文
□ Applicable√ Not applicable
In reporting period, the Company has no particular about items defined as recurring profit (gain)/loss according to
the lists of extraordinary profit (gain)/loss in Q&A Announcement No.1 on Information Disclosure for Companies
Offering Their Securities to the Public --- Extraordinary Profit/loss.
深圳中冠纺织印染股份有限公司 2014 年半年度报告全文
IV. Report of the Board of Directors
I. General
1. Business highlights
In the report period, the printing and dyeing mill of the Company in Shenzhen continued production
suspense while the parent company and five subsidiaries continued the suspension of printing and dyeing business
due to the production suspense of the printing and dyeing mill. The parent company, Nanhua Company and Hong
Kong Company maintained daily operation through property lease. The other three subsidiaries had suspended
business. 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. Due to change of foundation of joint venture and
prospect of the industry, the capital increase was not completed. the income from house rent was the main part of
net inflow of cash and the source of income from main operation.
2. The risks that the Company is facing and countermeasures
Production suspense brought significant influence on the production and operating activities and
continuous development of the Company.The controlling shareholders and management of the
company attached great importance to the company’s continued operational problems, intended to
adopt a variety of ways, including selling the assets and business of the company or its subsidiaries,
joint veture and expand and existing business, in order to improve the company’s assets quality,
profitability and the capacity for sustainable development.
In reporting period, on June 16, 2014, the company began planning a major asset reorganization, the company
and related parties are actively promoting the work.
II. Analysis on principal Business
Year-on-year changes in major financial statistics
In RMB
This report period Same period last year YOY change（%） Cause change
Operating income
5,077,451.00 4,990,626.00 1.74%
Reduction of rental pr
Operating cost 1,446,029.00 2,073,313.00 -30.26%
operty depreciation
Administrative
3,550,910.00 4,050,058.00 -12.32% Reduced expenses
expenses
Financial expenses -58,719.00 273,998.00 -121.43% Interest on debt reduced
Net cash flows from 2,708,214.00 1,949,440.00 38.92% Rent increase
深圳中冠纺织印染股份有限公司 2014 年半年度报告全文
operating activities
Disposal of machinery
Net cash flows from
-64,702.00 5,024,937.00 -101.29% and equipment of last
investing activities
year
Net cash flows from Payment of loan
-6,291,275.00 -10,000,000.00 -37.09%
financing activities principal to Union Group
Net increase in cash
-3,253,848.00 -3,458,795.00 -5.93%
and cash equivalents
Major changes in profit composition or cources during the report period
□ Applicable √ Not applicable
The profit composition or sources of the Company have remained largely unchanged during the report period.
Delay of future development and plan disclosed in Company’s IPO prospectus, fund raising prospectus and capital
reorganization report into this report period.□ Applicable √ Not applicable
No future development and plan disclosed in Company’s IPO prospectus, fund raising prospectus and capital
reorganization report into this report period.Implementation of business plans disclosed in previous periods in this period.
Not applicable
III. Business composition
In RMB
Increase/decrease
Increase/decrease Increase/decrease
of rincipal
of reverue in the of gross profit
Gross profit business cost over
Turnover Operation cost same period of rate over the same
rate(%) the same period
the previous period of the
of previous year
year(%) previous year (%)
(%)
Classification of Industry
Leasing Industry 5,077,451.00 1,446,029.00 71.52% 1.74% -30.26% 13.06%
Classification of products
Lease 5,077,451.00 1,446,029.00 71.52% 1.74% -30.26% 13.06%
Classification of Area
China 4,334,045.00 1,225,313.76 71.73% 5.22% -18.20% 8.10%
Hong Kong 743,406.00 220,715.00 70.31% -14.71% -61.64% 36.32%
深圳中冠纺织印染股份有限公司 2014 年半年度报告全文
IV. Analysis on investment Status
1. Foreign Equity investment
（1）External investment
√ Applicable □ Not applicable
External investment
Investment amount (January-June Investment Amount (January-June
Change rate（%）
2014)(RMB) 2013)(RMB)
0.00 0.00 0.00%
Particulars of investees
Name Principal business Proportion in the investees’ equity（%）
Zhejiang Union Hangzhou Bay
Real estate 25.00%
Chuangye Co., Ltd.
2.Information of trust management, derivative investment and entrusted loan
（1）Trust management
√ Applicable □ Not applicable
In RMB
Impairme
Principal Actual
Related nt
Title of Relations Type of Amount Expired Mean of retrieved Predicted gain/loss
transactio Started on provision
trustee hip product entrusted on reward this income of the
n or not provided
period period
(If any)
Zhongyin
Not Stationary 4.90%
Bank of
