深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Shenzhen Victor Onward Textile Industrial Co., Ltd.
Quarterly Report for the Third Quarter of 2012
§1 Important notes
The Board of Directors 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 of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Hu Yongfeng, Person in charge of the Company, Mr.Zhang Jinliang , Person in charge of accounting works,
Mr. Ren Changzheng ,CFO as well as person in charge of accounting institution represent and warrant the
financial and accounting report in the Third report is true and complete.
II. Basic Information of the Company
1.Main accounting data and indices
If retrospective adjustment has been carried our on financial reports of previous periods.
□ Yes √ No □ Not applicable
2012.9.30 2011.12.31 Increase /decrease（％）
Total assets（RMB） 169,530,701.00 172,238,794.00 -1.57%
Owner’s equity attributable to
the shareholders of the listed 112,770,792.00 119,047,096.00 -5.27%
company （RMB）
Stock capital（Shares） 169,142,356.00 169,142,356.00 0%
Net assets per share
attributable to the
0.67 0.7 -4.29%
shareholders of the listed
company（RMB/shares）
Increase/decrease in the Increase/decrease in the
report period compared January-September report period compared
July-September 2012
with the same period of 2012 with the same period of
the last year(%) the last year(%)
Total turnover(RMB) 2,254,074.00 -8.49% 7,273,861.00 -8.99%
Net profit attributable to
shareholders of the listed -1,963,118.00 -51.36% -6,150,254.00 -49.87%
company（RMB）
Net cash flow arising
from operating activities -- -- 788,412.00 -64.85%
（RMB）
Net cash flow per share
arising from operating -- -- 0 -64.85%
activities（yuan/shares）
Basic earnings per share
-0.01 -50% -0.04 -42.86%
（yuan/shares）
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Diluted earnings per
-0.01 -50% -0.04 -42.86%
share（yuan/shares）
Weighted average return
-1.72% 1.35% -5.3% 4.01%
on equity（%）
Weighted average Return
on net assets after
-1.68% 1.4% -2.75% 6.57%
deducting non-recurring
gains and losses（%）
Items and amount of non-current gains and losses deducted
√ applicable □ not applicable
Amount from the
beginning of year to
Items Remarks
the end of report period
（RMB）
Gain/loss form disposal of non-current assets 5,174.00
Tax refund, deduction and exemption that is examined and
approved by authority exceeding or has no official approval
document.
Governmental Subsidy accounted as current gain/loss,
except for those subsidies at with amount or quantity fixed
by the national government and closely related to the
Company’s business operation.
Capital adoption fee collected from non-financial
organizations and accounted into current gain/loss
Gain/loss from differences between the cost of enterprise
merger and the fair value of recognizable net asset of the
invested entities
Gain/loss from non-monetary assets
Gain/loss from commissioned investment or assets
Asser impairment provisions provided for force-majeur
Gain/loss from debt reorganization
Enterprise reorganizing expenses, such as employee
placement fee and integration fee
Gain/loss from trade departing from fair value
Current net gain/loss of subsidiaries under same control
from beginning of term till date of consolidation
Gain/loss generated by contingent liabilities without
connection with main businesses
In addition to normal business with the company effective
hedging related business, holders of tradable financial
assets, transactions and financial liabilities arising from
changes in fair value gains and losses, as well as the 11,022.00
disposal of trading of financial assets, trading financial
liabilities and available-for-sale financial assets gains return
on investment;
Restoring of receivable account impairment provision tested
individually
Gain/loss from commissioned loans
Gain/loss from change of fair value of investment property
measured at fair value in follow-up measurement
Influence of one-time adjustment made on current gain/loss
account according to the laws and regulations regarding tax
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
and accounting
Consigning fee received for cosigned operation
Net amount of non-operating income and expense except Main part is the Nanjing project litigation
-2,982,915.00
the aforesaid items attorney's fees
Other gain/loss items satisfying the definition of
non-recurring gain/loss account
Influenced amount of minority shareholders’ equity
Amount of influence of income tax
Total -2,966,719.00 --
The information of main accounting data and main financial indices of the company by the end of report
period..(Filling the adjustment explanation if retroactive adjusted)
Items Amount（RMB） Remarks
II. Total number of shareholders and top 10 holders of shareholders at the end of report period
Total number of shareholders at
11,232
the end of report period
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Amount of tradable shares with Type and amount
Full name of shareholder unrestricted conditions held at
the end of report period Type Amount
Union Holding Co., Ltd. 43,141,032 RMB Common shares 43,141,032
Foreign shares placed in
STYLE-SUCCESS LIMITED 24,466,029 24,466,029
domestic exchange
Shenzhen Textile
9,233,394 RMB Common shares 9,233,394
(Group)Holdings Co., Ltd
Rich Crown Investment Co., Foreign shares placed in
6,114,556 6,114,556
Ltd. domestic exchange
Union Development Group Co.,
5,821,089 RMB Common shares 5,821,089
Ltd.
Liuzhou Jiali Real Estate
4,215,937 RMB Common shares 4,215,937
Development Co., Ltd.
Foreign shares placed in
Zeng Ying 2,039,600 2,039,600
domestic exchange
Liuzhou Ruiheng Mechanical
1,710,000 RMB Common shares 1,710,000
& Electrical Co.,Ltd.
Foreign shares placed in
Shing Ying Chieh 1,550,362 1,550,362
domestic exchange
Foreign shares placed in
Zheng Lian 950,000 950,000
domestic exchange
Notes to the related relationship
between the shareholders or The controlling shareholder of the above-mentioned largest shareholder Shenzhen Union Holdings
their concerted action: Ltd. and fourth shareholder Rich Crown Investment Co., Ltd.. Is Union Developing Group Ltd.
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
3 Significant Events
1 Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ Applicable □ Not applicable
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 September 30,2012 December 31,2011 Amount of increased / Proportion increased/
Decreased Decreased
Other current liability 4,572,241 1,584,784 2,987,457 188.51%
Other current liability increased by RMB2.98 million and 188.51%，mainly due to the Nanjing project litigation
attorney's fees 2.4 million
2.Analysis of the reason for big change of the items of profit statement as of the report period.
In the period from January 2011 to September 2012,the company earned operating income of RMB 7.27 million on accumulative
basis, which Decreased by RMB8.99 million year on year. Net profit attributable to owners’ equity of the Parent company
Net profit is RMB -6.15 million. compare to the data last year same period, which loss decreased by RMB 6.11 million and 49.87%.
⑴Analysis of reason for decrease of operating income：
Rental income has decreased.
⑵The main reason for decreased of amount of loss：
Mainly due to drop in revenue from a year earlier of Zhejiang Union Hangzhou Bay Ventures Co., Ltd., an affiliated Company.
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 788,412 2,243,234 -1,454,822 -64.85%
Net cash flows from investing activities -63,534 -101,101 37,567 -37.16%
Net cash flows from financing activities 0 0 0 0.00%
The influence of change in exchange rate
On cash and cash equivalents 222,976 -1,265,877 1,488,853 -117.61%
Net increase of cash and cash equivalents 947,854 876,256 71,598 8.17%
⑴At the end of the report period, net decrease in Net cash flows arising form Operating activities decreased by RMB 1.45 million
year on year，Mainly due to the increase of non-recurring charge in this report period；
⑵In the report period, Net cash flows from investing activities increased by RMB 30,000 year on year;
⑶At the end of the report period, There were no net cash flows from financing activities in the report period and the same period of
previous year;
⑷At the end of the report period, the influence of change in exchange rate on cash and cash equivalents indreased by RMB 1.48
million year on year;, Mainly due to RMB and HKD exchange Rate fluctuations；
⑸At the end of the report period, net increase in cash and cash equivalents increased by RMB 70,000 year on year.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal
reason.
1. Non-standard Opinion
√□applicable not applicable
Shine Wing Certified Public Accountants issued unqualified auditor's report with paragraph of emphasized matters for the Company's
financial statements for 2011 Basic information of emphasized matters: 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
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
production and it maintained daily operation by house leasing. But its sustainable operation ability is still uncertain. The board of
directors, Supervisory Committee and managers believed that the printing and dyeing plant of the company had stopped operation or
maintained daily operation by house leasing. .It plans to invest in Nanjing East Asia Textile Printing and Dyeing Co., Ltd. with part
of machinery and equipment, Due to the reason on the side of the other party of joint venture and change of industry prospect. This
event greatly impacted the production & operation activities and sustainable development of company, it made company had the
situation of implementing other special treatment which was stipulated in Shenzhen Stock Exchange Listing Rules , the stock of our
company had been implemented for other special treatment. The Company is communicating with joint venture partner and trying to
minimize the losses and settle this joint venture project issue properly.
2 The Company provided funds to its controlling shareholder or related parties and provided guarantees in
violation of established procedures.
□applicable √ not applicable
3.Signing and performance of significant contracts for daily operation
√applicable □ not applicable
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, so the impact on the company temporarily can’t be judged. The company will
fulfill the obligation of information disclosure in time according to the progress of legal action.
The announcement of the resolutions of this meeting was published on Securities Times , Hong Kong Commercial
Daily and www.cninfo.com.cn on June 16, 2012.
4.Other
□applicable √ not applicable
III. Companies or shareholders holding more than 5% equity during the reporting period or the commitments
continued to the reporting period.
□applicable √ not applicable
IV. Prediction of Business performance for 2012.
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
√applicable □ not applicable
Forenotice of earnings: Drop considerably
Type of date filled for the prediction
□ actual figures √ interval figures
Same period of
Year beginning to end of next
the previous Increase or decrease（%）
report period
year
Estimatedamount of -800 -- -500 -1,736 □ -- □Increase √ -71.2% -- -53.92%
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
accumulative net profit Decrease
（RMB’0000）
Basic earnings per shares □ -- □Increase √
-0.05 -- -0.03 -0.1 -70% -- -50%
（RMB/share） Decrease
Due to the effect of suspend production for rectification and the loss of real estate
Notes to forenctice of earnings projects of Zhejiang Union Hangzhou Bay Ventures Co., Ltd. accounted for on equity
basis.
V. Other significant events need to be explained
1.Securities investment
√applicable □ not applicable
