深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Shenzhen Victor Onward Textile Industrial Co., Ltd.
The First Quarterly Report of 2014
April 2014
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
1 Important notes
The Board of Directors and the Supervisory Committee of the Company and its directors,
supervisors and senior executives should guarantee the reality, accuracy and completion of the
quarterly report, there are no any fictitious statements, misleading statements or important
omissions carried in this report , and shall take legal responsibilities, individual and /or joint.
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 ,person in charge of accounting organ hereby confirm that
the financial Report of this Quarterly Report is authentic, accurate and complete.
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
II. Main financial data and changes of shareholders
（1）Main financial data and indices
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not.
□ Yes √ No
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（RMB） 2,432,585.00 2,430,392.00 0.09%
Net profit attributable to the shareholders
-1,144,673.00 -2,662,785.00 -57.01%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -1,144,673.00 -2,645,703.00 -56.73%
listed company（RMB）
Cash flow generated by business operation,
1,295,741.00 987,246.00 31.25%
net（RMB）
Basic earning per share(RMB/Share) -0.01 -0.02 -50%
Diluted gains per
-0.01 -0.02 -50%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
-0.91% -2.27% 1.36%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 170,821,000.00 170,502,789.00 0.19%
Net profit attributable to the shareholders
125,300,821.00 126,320,072.00 -0.81%
of the listed company（RMB）
Items and amount of non-current gains and losses
□applicable √not applicable
(2) Total number of shareholders at the end of report period and Particular about shares held by top ten
shareholders
In Shares
Total number of shareholders at the end
10,456
of report period
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
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
Domestic Non-
Union Holdings Co.,
State-owned 25.51% 43,141,032
Ltd.
legal person
STYLE-SUCCESS Foreign Legal
14.46% 24,466,029
LIMITED person
Rich Crown Foreign Legal
3.62% 6,114,556
Investment Co., Ltd. person
Domestic Non-
Union Development
State-owned 3.36% 5,681,089
Group Co., Ltd.
legal person
Liuzhou Jiali
Domestic Non-
Real estate
State-owned 2.69% 4,545,700
Development
legal person
Co., ltd.
Shenzhen Textile
State-owned
(Group)Holdings 1.68% 2,840,594
Legal person
Ltd
Domestic Natural
Zeng Ying 1.22% 2,070,600
person
Liuzhou Ruiheng Domestic Non-
Mechatronics State-owned 1.01% 1,710,100
Co., Ltd. legal person
KGI ASIA Foreign Legal
0.55% 927,450
LIMITED person
Domestic Natural
Jiang Jiayuan 0.54% 909,184
person
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
STYLE-SUCCESS LIMITED 24,466,029 placed in 24,466,029
domestic
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
exchange
Foreign shares
placed in
Rich Crown Investment Co., Ltd. 6,114,556 6,114,556
domestic
exchange
RMB Common
Union Development Group Co., Ltd 5,681,089 5,681,089
shares
Liuzhou Jiali Real estate Development RMB Common
4,545,700 4,545,700
Co., ltd. shares
RMB Common
Shenzhen Textile (Group)Holdings Ltd 2,840,594 2,840,594
shares
Foreign shares
placed in
Zeng Ying 2,070,600 2,070,600
domestic
exchange
Liuzhou Ruiheng Mechatronics Co., RMB Common
1,710,100 1,710,100
Ltd. shares
Foreign shares
placed in
KGI ASIA LIMITED 927,450 927,450
domestic
exchange
RMB Common
Jiang Jiayuan 909,184 909,184
shares
Notes to the related relationship The controlling shareholder of the above-mentioned largest shareholder Shenzhen Union
between the shareholders or their Holdings Ltd. and Third shareholder Rich Crown Investment Co., Ltd.. Is Union
concerted action Development Group Ltd.
Top 10 shareholders taking part in
margin financing and securities lending N/A
（if any）
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
深圳中冠纺织印染股份有限公司 2014 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.
In RMB
Items March 31,2014 December 31, 2013 Amount of increased / Proportion increased
decreased decreased
Other account receivable 41,829 311,279 -269,450 -86.56%
(1) Other account receivable decreased by RMB 269,450 and 86.56% mainly due to recover part of other receivables.
2..In the report period, Analysis of the reason for big change of the items of profit statement
In the period from January 2014 to March 2014,the company earned operating income of RMB 2.43 million on accumulative basis,
unchanged with last year.Net profit is RMB- 1.14 million,compare to the data last year same period, which loss decreased by RMB 1.
5 million.
⑴Analysis of reason for flat of operating income：
Affected by the real estate rental situation without significant changes affecting.
(2).The main reason for decreased of amount of loss:
mainly Due to equity method accounted for earnings losses of the investment enterprises Hangzhou Bay decreasedRMB 1.01 million
compared with last year, as well as the disposal of part of the property subject to the prior year related costs and expenses decreased
impact.
3.Analysis of the reason for big change of the items of cash flow statement of the Company in the report period.
In the period from January 2014 to March 2014, Net increase of cash and cash equivalents increased by RMB 10.72 million over the
previous year, mainly due to pay RMB10 million loan to principal Union Group over the same period last year, while the current
period did not occur..
In RMB
Items This period Same period of last year Amount of Proportion
increased/decreased Increased/ decreased
Net cash flows arising form
Operating activities 1,295,741 987,246 308,495 31.25%
Net cash flows from
investing activities -30,895 5,539 -36,434 -657.77%
Net cash flows from
financing activities 0 -10,000,000 10,000,000 -100%
The influence of change
in exchange rate 356,477 -100,570 457,047 -454.46%
Net increase of cash and
cash equivalents 1,621,323 -9,107,785 10,729,108 -117.80%
⑴At the end of the report period, Net cash flows from operating activities increased by RMB 308,495 year on year；
⑵In the report period, Net cash flows from investing activities decreased by RMB36,434 year on year;
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
⑶At the end of the report period, There were no net cash flows from financing activities increased by
RMB10,000,000 year on year；
⑷At the end of the report period, the influence of change in exchange rate on cash and cash equivalents increased by RMB-767,200
year on year;
⑸At the end of the report period, net increase in cash and cash equivalents increased by RMB10,729,108 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 Defendant Nanjing East Asia Textile Printing and Dyeing Co., Ltd. made objection to the jurisdiction of
this case during the period of defence submission. The court formed a collegial bench and conducted examination
according to law. On December 24, 2013, Jiangsu Higher People's Court issued Civil Ruling Paper to reject the
objection made by Nanjing East Asia Textile Printing and Dyeing Co., Ltd. about the jurisdiction. ((2013)
SSWXCZ No. 0001 Civil Ruling Paper of Jiangsu Higher People's Court Civil Ruling Paper). The case hasn’t yet
been tried,
（2）After the 2013 Annual Report, the company has cancelled the special treatment to stock referring the
warning of delisting risk and other risk warnings.
The 2013 Fiscal Report has been audited by Dahua Certified Public Accountants（ Special General Partnership）,
within which it is stated: the net profit of the company in 2013 is RMB 7,849,904, while the net profit attributed to
the shareholders of the listed company is RMB 8,214,810 . According to the related provisions in Shenzhen Stock
Exchange Listing Rules, The situation that A shares and B shares treated with special measures as warning of
delisting risk has been eliminated, while there is no other circumstances of issuing delisting risk warning nor
implementing other risks warnings. Approved by the Shenzhen Stock Exchange, since March 13, 2014, the
warning of delisting risk towards the company's stock transactions has been cancelled, as well as other risks
warnings.
Description of the website for disclosing
Description of provisional announcement Date of disclosing
provisional announcements
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Announcement on lawsuits.of Shenzhen http://www.cninfo.com.cn/finalpage/2012-
