深圳中冠纺织印染股份有限公司 2013 半年度报告全文
Shenzhen Victor Onward Textile Industrial Co., Ltd.
The Semiannual Report 2013
August 2013
深圳中冠纺织印染股份有限公司 2013 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 the Annual 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 2013 半年度报告全文
Table of Contents
2013 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. Information about Directors, Supervisors and Senior Executives
VIII. Financial Report
IX. Documents available for inspection
深圳中冠纺织印染股份有限公司 2013 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
深圳中冠纺织印染股份有限公司 2013 半年度报告全文
II. Basic Information of the Company
I. Company Information
* ST Shenzhen Victor Onward A, * ST
Stock abbreviation Stock code： 000018、200018
Shenzhen Victor Onward B
Stock exchange for listing： Shenzhen Stock Exchange
Name in Chinese 深圳中冠纺织印染股份有限公司
Chinese Abbreviation (If any) 中冠
English name (If any) Shenzhen Victor Onward Textile Industrial Co., Ltd
English abbreviation (If any) VICTOR ONWARD
Legal Representative Hu Yongfeng
II. Contact person and contact manner
Board secretary Securities affairs Representative
Name Zhang Jinliang Wu Xia
Room 1308, Hualiang Building, No.2008 Room 1308, Hualiang Building, No.2008
Contact address
Shennan Zhong Road, Shenzhen Shennan Zhong Road, Shenzhen
Tel （755）83668425 （755）83667895
Fax （755）83668427 （755）83668427
E-mail zhangjl@udcgroup.com wux@udcgroup.com
III. Others
1. Way to contact the Company
Did any change occur to the registered address, office address and their postal codes, website address and email
address of the Company during the reporting period?
√ Applicable □ Not applicable
Registered address 26 Kuipeng Road, Kuiyong Town, Longgang District, Shenzhen
Postal code of the Registered Address
Office Address 26 Kuipeng Road, Kuiyong Town, Longgang District, Shenzhen
Postal code of the office address
Internet Web Site http://www.udcgroup.com
E-mail szvo@chinaszvo.com
深圳中冠纺织印染股份有限公司 2013 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 2012 Annual Report.
3.Change of the registered information
Did any change occur to the registered information during the reporting period?
□ Applicable √Not applicable
The Registration date and place of the Company, its business license No., Taxation registration No. and
organizational code did notchange during the reporting period. The said information can be found in the 2012
annual report.
4.Other relevant information
Did any change occur to other relevant information during the reporting period?
√ Applicable □ Not applicable
The Company no longer renewed the engagement of Shine Wing Certified Public Accountants (special ordinary
partnership) as the auditing body for the audit and internal control of the Company for 2013. According to the
provisions of the Company's Work System of Choosing and Engaging Certified Public Accountants, the Company
engaged Dahua Certified Public Accountants (special ordinary partnership) as the auditing body for audit and
internal control for 2013. The annual auditing fee is RMB 0.45 million (including traveling expenses). Refer to No.
2013-0640 announcement of the Company published at www.cninfo.com.cn on June 27, 2013 for details.
（2013-0640）
深圳中冠纺织印染股份有限公司 2013 半年度报告全文
III. Summary of Accounting Highlights and Business Highlights
I. Major accounting data and /Financial indicators
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） 4,990,626.00 5,019,787.00 -0.58%
Net profit attributable to the shareholders
-4,123,606.00 -4,187,136.00 -1.52%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -1,708,492.00 -1,245,706.00 37.15%
listed company（RMB）
Cash flow generated by business operation,
1,949,440.00 165,989.00 1,074.44%
net（RMB）
Basic earning per share(RMB/Share) -0.02 -0.02 0%
Diluted gains per share(RMB/Share) -0.02 -0.02 0%
Net asset earning ratio（%） -3.53% -3.58% 0.05%
As at the end of the
As at the end of last year YoY+/-（%）
reporting period
Gross assets（RMB） 164,879,572.00 172,002,557.00 -4.14%
Shareholders’ equity attributable to
114,119,534.00 118,852,391.00 -3.98%
shareholders of the listed company（RMB）
II.The differences between domestic and international accounting standards
1．Simultaneously pursuant to both Chinese accounting standards and international accounting standards disclosed
in the financial reports of differences in net income and net assets.
Unit:RMB
Net profit attributable to the shareholders of the Net Assets attributable to the shareholders of
listed company the listed company
Amount in the Amount in the previous End of the reporting Beginning of the
reporting period period period reporting period
According to CAS -4,123,606.00 -4,187,136.00 114,119,534.00 118,852,391.00
Items and amount adjusted according to CAS and IAS
Switch back the part of Hong 267,910.00 55,329.00 -4,729,270.00 -5,298,751.00
深圳中冠纺织印染股份有限公司 2013 半年度报告全文
Kong house property
assessment in accordance with
IAS
Pursuant to overseas
-3,855,696.00 -4,131,807.00 109,390,264.00 113,553,640.00
accounting standards
2. Difference in Net profit and net Assets in the Financial Report as Disclosed Respectively according to the
Accounting standards Outside Mainland China and the Chinese Accounting Standards.
Unit:RMB
Net profit attributable to the shareholders of the Net Assets attributable to the shareholders of
listed company the listed company
Amount in the Amount in the previous End of the reporting Beginning of the
reporting period period period reporting period
According to CAS -4,123,606.00 -4,187,136.00 114,119,534.00 118,852,391.00
Items and amount adjusted according to CAS and IAS
Switch back the part of Hong
Kong house property
267,910.00 55,329.00 -4,729,270.00 -5,298,751.00
assessment in accordance with
IAS
Pursuant to overseas
-3,855,696.00 -4,131,807.00 109,390,264.00 113,553,640.00
accounting standards
3.Note to the Difference in the Accounting Data based on the Accounting Standards of CAS and IAS.
The influence of appreciation through appraisal of workshop and 2 parking spaces in Hong Kong in 1992.
III.Items and amount of deducted non-current gains and losses
Unit:RMB
Amount Notes
Non-current asset disposal gain/loss(including the write-off part
-15,114.00
for which assets impairment provision is made)
Other non-operating income and expenditure beside for the above
-2,400,000.00
items
Total -2,415,114.00 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
深圳中冠纺织印染股份有限公司 2013 半年度报告全文
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.
□ Applicable√ Not applicable
深圳中冠纺织印染股份有限公司 2013 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. In the report year, 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. 2The audited net profits of the Company for two consecutive fiscal years (i.e., 2011
and 2012) were both negative. According to relevant regulations including Stock Listing Rules of Shenzhen Stock
Exchange, Shenzhen Stock Exchange enforced special treatment (\"delisting risk caution\") of the stocks of the
Company from April 24, 2013.
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 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.
II. Analysis on principal Business
1.General
In the report period, the textile, printing and dyeing business of the head office and controlled subsidiaries of the
Company did not recover and continued to be suspended for rectification. The Company leased its idle properties
and earned rental income of RMB 4.99 million.
YoY Change of major financial data:
Unit：RMB
Reporting period Same period of last year YoY+/-(%) Main reasons for change
Operating revenues 4,990,626.00 5,019,787.00 -0.58%
Operating cost 2,073,313.00 2,199,834.00 -5.75%
Administrative expenses 4,050,058.00 4,358,499.00 -7.08%
深圳中冠纺织印染股份有限公司 2013 半年度报告全文
Influence of exchange
Financial expenses 273,998.00 -47,525.00 -676.53%
rate
Acceptance of banker's
Net cash flows from
1,949,440.00 165,989.00 1,074.44% acceptance bills of prior
operating activities
periods
Receipt of the proceeds
Net cash flows from of disposal of machinery
5,024,937.00 -31,431.00 -16,087.2%
investing activities and equipment in
advance
Net cash flows from Payment of loan
-10,000,000.00
financing activities principal to Union Group
Net increase in cash and
-3,458,795.00 267,112.00 -1,394.89%
cash equivalents
Major changes to the profit structure or sources of the Company during the reporting period.
□Applicable √ Not applicable
No major changes occurred to the profit structure or sources of the Company during the reporting period.
Reporting period progress of the future development planning in the disclosed documents of the Company such as
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