Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Shenzhen Textile (Holdings) Co., Ltd.
The First Quarterly Report 2018
April 2018
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
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.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr.Zhu Jun, Person in charge of the Company, Mr. Zhu Meizhu, Chief financial officer and the Mr. Mu
Linying Jun, 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 .
This Report has been prepared in both Chinese and English , In case any discrepancy , the Chinese version shall
prevail.
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
II. Basic Information of the Company
（1）Main financial data and financial index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（Yuan） 221,307,388.08 272,392,669.11 -18.75%
Net profit attributable to the shareholders
5,616,717.00 4,302,137.37 30.56%
of the listed company（Yuan）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -4,641,384.38 -2,285,765.61 -103.06%
listed company（Yuan）
Cash flow generated by business operation,
-35,263,573.85 -185,774,958.96 81.02%
net（Yuan）
Basic earning per share(Yuan/Share) 0.0110 0.0085 29.41%
Diluted gains per share(Yuan/Share) 0.0110 0.0085 29.41%
Weighted average return on equity
0.23% 0.13% 0.10%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（Yuan） 4,172,890,105.33 4,195,746,507.56 -0.54%
Net assets attributable to the shareholders
2,403,478,906.15 2,397,474,603.79 0.25%
of the listed company（Yuan）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Changes of this period-end over
End of this period End of last period
same period-end of last year(%)
Non-current asset disposal gain/loss(including the write-off part
-34,105.41
for which assets impairment provision is made)
Govemment subsidy recognized in current gain and
4,658,570.00
loss(excluding those closely related to the Company’s business
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
and granted under the state’s policies)
Profit /loss on entrusting others with investments or asset
12,548,525.85
management
Other non-operating income and expenditure except for the
-48,304.80
aforementioned items
Less: Amount of influence of income tax 21,673.80
Amount of influence of minority interests（After tax） 6,844,910.46
Total 10,258,101.38 --
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
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
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the
Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders
Total number of common with the voting power
39,976
shareholders at the period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Shenzhen
Investment State-owned legal
45.78% 234,069,436
Holdings Co., person
Ltd.
Shenzhen
Shenchao
State-owned
Technology 3.15% 16,129,032
Legal person
Investment Co.,
Ltd.
Fujiang Bairui
Jiayuan, Asset
Management Co.,
Other 0.73% 3,731,535
Ltd.－Bairui
Jiayuan Growth I
Fund
Domestic Nature
Sun Huiming 0.62% 3,192,767
person
Domestic Nature
Li Songqiang 0.48% 2,443,078
person
Domestic Nature
Liu Dongxia 0.30% 1,544,800
person
Domestic Nature
Zhu Ye 0.26% 1,331,945
person
Domestic Nature
Xiong Yan 0.21% 1,058,900
person
Domestic Nature
Hong Fan 0.20% 1,047,600
person
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Domestic Nature
Zheng Junsheng 0.20% 1,000,000
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
Shenzhen Investment Holdings Co., RMB Common
234,069,436 234,069,436
Ltd. shares
Shenzhen Shenchao Technology RMB Common
16,129,032 16,129,032
Investment Co., Ltd. shares
Fujiang Bairui Jiayuan, Asset
RMB Common
Management Co., Ltd.－Bairui 3,731,535 3,731,535
shares
Jiayuan Growth I Fund
Foreign shares
placed in
Sun Huiming 3,192,767 3,192,767
domestic
exchange
RMB Common
Li Songqiang 2,443,078 2,443,078
shares
RMB Common
Liu Dongxia 1,544,800 1,544,800
shares
RMB Common
Zhu Ye 1,331,945 1,331,945
shares
RMB Common
Xiong Yan 1,058,900 1,058,900
shares
RMB Common
Hong Fan 1,047,600 1,047,600
shares
RMB Common
Zheng Junsheng 1,000,000 1,000,000
shares
Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of
Shenzhen Investment Holding Co., Ltd. and a person taking concerted action. Except this, the
Company did not whether there is relationship between the top ten shareholders holding
Related or acting-in-concert parties
non-restricted negotiable shares and between the top ten shareholders holding non-restricted
among shareholders above
negotiable shares and the top 10 shareholders or whether they are persons taking concerted
action defined in Regulations on Disclosure of Information about Shareholding of
Shareholders of Listed Companies.
The Company Fujiang Bairui Jiayuan, Asset Management Co., Ltd.－Bairui Jiayuan Growth
Explanation on shareholders I Fund holds 3,731,535 shares of the Company through stock account with credit transaction ;
participating in the margin trading The Company Shareholder Li Songqiang holds1,837,653 shares of the Company through
business(if any ) stock account with credit transaction ; The Company Shareholder Liu Dongxia
holds1,544,800 shares of the Company through stock account with credit transaction ;
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
The Company Shareholder Zhu Ye holds 1,331,945 shares of the Company through stock
account with credit transaction ; The Company Shareholder Hong Fan holds 18,700 shares of
the Company through stock account with credit transaction .
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable √Not applicable
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
III Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as
well as reasons for the changes
√ Applicable □ Not applicable
1.The ending balance of bank deposit decreased by RMB 456.7557 million and 39.20% over beginning of period，
It mainly purchases structured deposits, and the corresponding amount is transferred to other current assets.
2.The ending balance of Notes receivable decreased by RMB 20.5022 million and 46.38% over beginning of
period，Mainly due to the maturity of the notes.
3.The ending balance of Prepayments increased by RMB 13.36 million and 97.18% over beginning of period，
Mainly due to the development of trade business.
4. The ending balance of Other current account increased by RMB 131.2543 million and 278.28% over beginning
of period，This is mainly due to the increase in prepaid technical services.
5. The ending balance of account payable decreased by RMB 42.5835 million and 43.85% over beginning of
period，Mainly due to payable accounts payable.
6. The ending balance of Employee benefits payable decreased by RMB9.5982 million and 32.53% over
beginning of period, Mainly due to the payment of employee compensation in the previous year.
7. Financial expenses in current period increased by RMB 2.9304 million and 78.28% Year on Year, The main
reason is to obtain a reduction in interest income.
8. Impairment loss of assets in current period decreased by RMB2.6427 million and 47.40% year on year，The
main reason is to reduce the provision for falling prices of polarizers.
9.Investment Income in current period increased by RMB4.7463 million and 57.59% year on year, The main
reason is to increase the income from entrusted financial management.
10 .The net cash flows from operating activities in current period increased by RMB150.5114 million and 81.02%
year on year，The cash paid for the purchase of raw materials was mainly reduced year-on-year.
11.The net cash flows from investment activities in current period decreased by RMB416.1901 million and
2,922.05% year on year，The cash paid for the purchase of raw materials was mainly reduced year-on-year.
Mainly due to the year-on-year decrease in the net cash flow from the purchase of and redemption of structured
deposits and trust management.
12.The net cash flows from financing activities in current period increased by RMB4.9825 million and 100.19%
year on year，Mainly due to the increase in the payment of foreign exchange bills
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
(1) Progress information about the second phase of No.6 line TFT-LCD polarizer project
During the reporting period, the optimization of the second phase of the 6th line project was carried out
according to plan. In view of the declining prices of 32 Inch products in the polarizer market at the end of 2017,
the company launched the host equipment for Phase 2 Line 6 at the end of 2017 to adjust the product structure.
Improve optimization. The optimization of the project was carried out according to plans, and the drying oven
reconstruction project, the ceiling lifting project of the fitting zone, and the wet process driving transformation
project were completed, and the optimization and improvement of the AOI system transformation were being
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
carried out. As of March 31, 2018, the cumulative investment in the second phase of Line 6 was RMB 574.1186
million, accounting for 81.98 % of the total investment amount of RMB 700.34 million after the change, of which
the actually paid investment was RMB 542.9818 million (used the raised funds of RMB 211.6002 million, and
used the self-owned funds and government funds of RMB 331.3816 million).
(II)About the Progress of Signing the Technology Cooperation Contract between the Company’s Subsidiary and
Japan Nitto
In order to introduce the world's leading technology of Japanese polarizer company, it plans to build an
ultra-wide-width i.e. the width 2,500mm of TFT-LCD polarizer production line project (hereinafter referred to as
\"Line 7 Project\"), Shenzhen Shengbo Optoelectronics Technology Co., Ltd (Hereinafter referred as \"Shengbo
Optoelectronic\") on November 6, 2017 and Hangzhou Jinjiang Group Co., Ltd (hereinafter referred to as \"Jinjiang
Group\") and Kunshan Chimei Material Technology Co., Ltd signed the \"Technology Cooperation Contract\" with
Japan Nitto Corporation( Hereinafter referred as \"Nitto\") in connection to related matters of introducing the
production line technology of 2,500mm polarizer. The company plans to, through the cooperation with
professional investment institution and initiated by Jinjiang Group and that Shengbo Optoelectronics participated
in, establish the polarizer industry fund, and the Fund and Shengbo Optoelectronic set up the “Project Company”
as a main construction body to invest and construct the Line 7 Project. For details, please refer to the Company’s
“Announcement on the Company’s subsidiary’s Signing of Technology Cooperation Contract” disclosed on
http://www.cninfo.com.cn.(Announcement No.:2017-53).
During the reporting period, the \"Technology Cooperation Contract\" has been in normal performance, and
the Company carried out the communication and confirmation of the project schedule, plant planning and design,
equipment specification and parameters and others related to the Line 7 Project with Nitto. The company will
continuously disclose the performance information of the aforementioned contract and the progress of the Line 7
project, and fulfill the review of procedures and the information disclosure in accordance with the amount of
investment.
III. Commitments finished in implementation by the Company, shareholders, actual controller, acquirer,
directors, supervisors, senior executives or other related parties in the reporting period and commitments
unfinished in implementation at the end of the reporting period
√Applicable □Not applicable
Time of
Commitment Period of
Commitment Type Contents making Fulfillment
maker commitment
commitment
As Shenzhen
Investment
Holdings Co.,
Shenzhen Ltd., the
Share
Investment controlling August 4, Sustained and Under
Commitment on share reform reduction
Holdings Co., shareholder of 2006 effective Fulfillment
commitment
Ltd. the company,
committed
when the
restricted-for-s
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
ale shares
from the
shares
restructuring
were listed for
circulation in
the market: i.
if they plan to
sell the shares
through the
securities
exchange
system in the
future, and the
decrease of
the shares they
hold reaches
5% within 6
months after
the first
decrease, they
will disclose
an
announcement
indicating the
sale through
the company
within two
trading days
before the first
decrease; ii.
They shall
strictly
observe the
“Guidelines
on Transfer of
Restricted-for-
sale Original
Shares of
Listed
Companies” a
nd the
provisions of
the relevant
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
business
principles of
Shenzhen
Stock
Exchange.
Commitment in the acquisition report
or the report on equity changes
The company,
according to
the relevant
provisions of
Measures for
the
Administratio
n of Major
Asset
Restructuring
of Listed
Companies,
No.10
Guidelines for
Business
Handling of
Listed
No major
Shenzhen Companies-
Commitment made upon the assets asset December February
Textile(Holdin Major Asset Fulfilled
replacement restructuring 19,2016 18,2017
gs) Co., Ltd. Restructuring
commitments
and No.9
Business
Memorandum
of Main Board
Information
Disclosure-Su
spending
Stock-trading
for Listed
Companies,
committed
that the
company shall
not plan a
major asset
restructuring
matter in 2
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
months
commenced
from the date
of termination
of the major
asset
restructuring
namely the
date of
announcement
on resuming
the company's
stock trading.
Shenzhen
Investment
Holdings Co.,
Ltd. signed a
“Letter of
Commitment
and Statement
on Horizontal
Competition
Avoidance”
when the
company
Commitments issued
on horizontal non-public
Shenzhen
competition, stocks in
Investment October 9, Sustained and Under
Commitments made upon issuance related 2009.
Holdings Co., 2009 effective Fulfillment
transaction Pursuant to
Ltd.
and capital the Letter of
occupation Commitment
and Statement,
Shenzhen
Investment
Holdings Co.,
Ltd. and its
wholly owned
subsidiary,
subsidiaries
under control
or any other
companies
that have
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
actual control
of it shall not
be involved in
the business
the same as or
similar to
those
Shenzhen
Textile
currently or
will run in the
future, or any
businesses or
activities that
may constitute
direct or
indirect
competition
with Shenzhen
Textile; if the
operations of
Shenzhen
Investment
Holdings Co.,
Ltd. and its
wholly owned
subsidiaries,
subsidiaries
under control
or other
companies
that have
actual control
of it compete
with Shenzhen
Textile in the
same industry
or contradict
the interest of
the issuer in
the future,
Shenzhen
Investment
Holdings Co.,
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Ltd. shall urge
such
companies to
sell the equity,
assets or
business to
Shenzhen
Textile or a
third party;
when the
horizontal
competition
may occur due
to the business
expansion
concurrently
necessary for
Shenzhen
Investment
Holdings Co.,
Ltd. and its
wholly owned
subsidiaries,
subsidiaries
under control
or other
companies
that have
actual control
of it and
Shenzhen
Textile,
Shenzhen
Textile shall
have priority.
The
Commitments commitments
on horizontal during the
Shenzhen
competition, period
Investment July 14, Sustained and Under
related non-public
Holdings Co., 2012 effective Fulfillment
transaction issuance in
Ltd.
and capital 2012: 1.
occupation Shenzhen
Investment
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Holdings, as
the controlling
shareholder of
Shenzhen
Textile,
currently
hasn't the
production
and business
activities of
inter-industry
competition
with Shenzhen
Textile or its
share-holding
subsidiary. 2.
Shenzhen
Investment
Holdings and
its
share-holding
subsidiaries or
other
enterprises
owned the
actual control
rights can't be
directly and
indirectly on
behalf of any
person,
company or
unit to engage
in the same or
similar
business in
any districts in
the future by
the form of
share-holding,
equity
participation,
joint venture,
cooperation,
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
partnership,
contract,
lease, etc., and
ensure not to
use the
controlling
shareholder's
status to
damage the
legitimate
rights and
interests of
Shenzhen
Textile and
other
shareholders,
or to gain the
additional
benefits. 3. If
there will be
the situation
of
inter-industry
competition
with Shenzhen
Textile for
Shenzhen
Investment
Holdings and
its
share-holding
subsidiaries or
other
enterprises
owned the
actual control
rights in the
future,
Shenzhen
Investment
Holdings will
promote the
related
enterprises to
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
avoid the
inter-industry
competition
through the
transfer of
equity, assets,
business and
other ways. 4.
Above
commitments
will be
continuously
effective and
irrevocable
during
Shenzhen
Investment
Holdings as
the controlling
shareholder of
Shenzhen
Textile or
indirectly
controlling
Shenzhen
Textile.
Commitment t
o non-public o
ffering during
the second pha
se project of S
Shenzhen hen Textile sh
Investment Share limited ares subscribe March 25,
2016-03-25 Fulfilled
Holdings Co., commitment d lock handle, 2013
Ltd. locking Shen
Textile non-pu
blic offering o
n the stock ma
rket of 36 mon
ths.
1.The
Shenzhen
Other company November December Under
Equity incentive commitment Textile(Holdin
commitment undertakes not 27,2017 27,2021 Fulfillment
gs) Co., Ltd.
to provide
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
loans, loan
guarantees,
and any other
forms of
financial
assistance to
the incentive
objects for
obtaining the
restricted
stocks in the
incentive plan;
2. The
company
undertakes
that there is no
circumstance
that the stock
incentive shall
be prohibited
as stipulated
in the
provisions of
Article 7 of
the “Measures
for the
Management
of Stock
Incentives of
Listed
Companies”.
Other commitments made to minority
shareholders
Executed timely or not? Yes
If the commitments failed to complete
the execution when expired, should
specifically explain the reasons of Not applicable
unfulfillment and the net stage of the
working plan
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
IV．Prediction of Business performance for January- June 2018
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
V. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.
VI. Investments in derivatives
□ Applicable √ Not applicable
There is no derivative investment during the report period.
VII. The registration form of acceptance of investigation, communication and interview in the report period for
future reference
□ Applicable √ Not applicable
The Period has no research, communication and written inquiry from the investors in the report period.
VIII. Outward Guarantee against the Regulations
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by：Shenzhen Textile (Holdings) Co., Ltd.
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 708,292,397.27 1,165,048,108.83
Settlement provision
Outgoing call loan
Financial assets measured at fair
value with variations accounted into
current income account
Derivative financial assets
Notes receivable 23,704,875.65 44,207,119.00
Account receivable 145,170,114.15 192,503,077.70
Prepayments 27,122,315.16 13,755,152.05
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 16,078,593.28 15,728,872.62
Dividend receivable
Other account receivable 13,560,797.98 12,925,984.45
Repurchasing of financial assets
Inventories 319,008,486.70 275,615,176.16
Assets held for sales
Non-current asset due in 1 year
Other current asset 1,454,733,565.06 1,148,689,874.10
Total of current assets 2,707,671,145.25 2,868,473,364.91
Non-current assets：
Loans and payment on other’s behalf
disbursed
Disposable financial asset 65,089,429.36 66,035,733.04
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Expired investment in possess
Long-term receivable
Long term share equity investment 19,529,119.48 20,380,734.56
Property investment 172,314,506.90 173,105,806.27
Fixed assets 640,910,951.21 656,133,200.19
Construction in progress 346,959,047.16 322,570,173.73
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 38,546,580.67 38,870,673.40
R & D petrol
Goodwill
Long-germ expenses to be amortized 1,246,277.21 1,035,290.08
Deferred income tax asset 2,201,784.41 1,974,536.90
Other non-current asset 178,421,263.68 47,166,994.48
Total of non-current assets 1,465,218,960.08 1,327,273,142.65
Total of assets 4,172,890,105.33 4,195,746,507.56
Current liabilities
Short-term loans 99,643,691.56 88,638,181.45
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable
Account payable 54,521,193.40 97,104,697.18
Advance payment 43,331,309.93 34,952,567.83
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 19,905,016.98 29,503,260.65
Tax payable 9,023,686.96 6,935,262.57
Interest payable 46,384,653.00 45,799,544.04
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Dividend payable
Other account payable 157,422,782.04 155,026,799.54
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year 40,000,000.00 40,000,000.00
Other current liability
Total of current liability 470,232,333.87 497,960,313.26
Non-current liabilities：
Long-term loan 40,000,000.00 40,000,000.00
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable employees’s
remuneration
Special payable
Expected liabilities
Deferred income 135,498,494.72 134,767,064.72
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 175,498,494.72 174,767,064.72
Total of liability 645,730,828.59 672,727,377.98
Owners’ equity
Share capital 511,274,149.00 511,274,149.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 1,867,727,072.17 1,866,001,475.17
Less：Shares in stock 27,230,679.00 27,230,679.00
Other comprehensive income 880,692.23 2,218,703.87
Special reserves
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Surplus reserves 77,477,042.19 77,477,042.19
Common risk provision
Undistributed profit -26,649,370.44 -32,266,087.44
Total of owner’s equity belong to the
2,403,478,906.15 2,397,474,603.79
parent company
Minority shareholders’ equity 1,123,680,370.59 1,125,544,525.79
Total of owners’ equity 3,527,159,276.74 3,523,019,129.58
Total of liabilities and owners’ equity 4,172,890,105.33 4,195,746,507.56
Legal Representative: Zhu Jun Person in charge of accounting：Zhu Mei Zhu Accounting Dept Leader: Mu Linying
2.Parent Company Balance Sheet
In RMB
Items At the end of term Beginning of term
Current asset：
Monetary fund 414,760,861.22 413,700,327.95
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Notes receivable
Account receivable 667,404.02 449,536.21
Prepayments 836,580.44 10,000.00
Interest receivable 15,653,105.93 13,660,866.80
Dividend receivable
Other account receivable 5,272,498.18 5,782,620.63
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset 130,000,000.00 120,000,000.00
Total of current assets 567,190,449.79 553,603,351.59
Non-current assets：
Disposable financial asset 35,089,429.36 36,035,733.04
Expired investment in possess
Long-term receivable
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Long term share equity investment 1,985,831,116.22 1,984,849,008.23
Property investment 164,931,606.62 165,607,900.07
Fixed assets 27,845,381.06 28,119,990.58
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,313,072.94 1,413,305.67
R & D petrol
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 1,759,601.80 1,526,871.33
Other non-current asset 493,620.44
Total of non-current assets 2,216,770,208.00 2,218,046,429.36
Total of assets 2,783,960,657.79 2,771,649,780.95
Current liabilities
Short-term loans
Financial liabilities measured at fair
value with variations accounted into
current income account
Derivative financial liabilities
Notes payable
Account payable 411,743.57 411,743.57
Advance payment 639,024.58 639,024.58
Employees’ wage payable 6,557,902.46 8,495,538.21
Tax payable 6,120,378.83 3,247,028.64
Interest payable
Dividend payable
Other account payable 135,908,578.93 134,018,771.57
Classified as held for sale debt
Non-current liability due in 1 year
Other current liability
Total of current liability 149,637,628.37 146,812,106.57
Non-current liabilities：
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Long-term loan
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable to employees
Special payable
Expected liabilities
Deferred income 775,000.00 800,000.00
Deferred income tax liability
Other non-current liabilities
Total of Non-current liabilities 775,000.00 800,000.00
Total of liability 150,412,628.37 147,612,106.57
Owners’ equity
Share capital 511,274,149.00 511,274,149.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 1,601,520,389.96 1,599,381,854.96
Less：Shares in stock 27,230,679.00 27,230,679.00
Other comprehensive income 880,692.23 2,218,703.87
Special reserves
Surplus reserves 77,477,042.19 77,477,042.19
Undistributed profit 469,626,435.04 460,916,603.36
Total of owners’ equity 2,633,548,029.42 2,624,037,674.38
Total of liabilities and owners’ equity 2,783,960,657.79 2,771,649,780.95
3.Consolidated Income statement
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 221,307,388.08 272,392,669.11
Incl：Business income 221,307,388.08 272,392,669.11
Interest income
Insurance fee earned
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Fee and commission received
II. Total business cost 231,890,134.62 280,214,579.88
Incl：Business cost 201,412,228.67 253,475,015.89
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 1,875,292.08 2,585,948.73
Sales expense 1,836,791.12 2,133,505.40
Administrative expense 24,646,539.57 20,188,494.12
Financial expenses -812,983.29 -3,743,353.85
Asset impairment loss 2,932,266.47 5,574,969.60
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 12,988,132.73 8,241,818.53
Incl: investment gains from affiliates 189,606.88 533,097.00
Gains from currency exchange
Assets dispose loss
Other income 4,658,570.00
III. Operational profit（“-”for loss） 7,063,956.19 419,907.76
Add ：Non-operational income 61,695.20 3,975,357.70
Less：Non business expenses 144,103.41 3,182.59
IV.Total profit(“-”for loss) 6,981,547.98 4,392,082.87
Less：Income tax expenses 3,228,986.18 3,304,397.55
V. Net profit 3,752,561.80 1,087,685.32
1.Net continuing operating profit 3,752,561.80 1,087,685.32
2.Termination of operating net profit
Net profit attributable to the owners of
5,616,717.00 4,302,137.37
parent company
Minority shareholders’ equity -1,864,155.20 -3,214,452.05
VI. Other comprehensive income -1,338,011.64 -212,405.21
Net of profit of other comprehensive inco -1,338,011.64 -212,405.21
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
me attributable to owners of the parent co
mpany.
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent accounting
period
1.Re-measurement of defined benefit pla
ns of changes in net debt or net assets
2.Other comprehensive income under the
equity method investee can not be reclass
ified into profit or loss.
（II）
Other comprehensive income that will be -1,338,011.64 -212,405.21
reclassified into profit or loss.
1.Other comprehensive income under the
equity method investee can be reclassifie
d into profit or loss.
2.Gains and losses from changes in fair v
-709,727.75 -59,143.98
alue available for sale financial assets
3.Held-to-maturity investments reclassifi
ed to gains and losses of available for sal
e financial assets
4.The effective portion of cash flow hedg
es and losses
5.Translation differences in currency fina
-628,283.89 -153,261.23
ncial statements
6.Other
Net of profit of other comprehensive inco
me attributable to Minority shareholders’
equity
VII. Total comprehensive income 2,414,550.16 875,280.11
Total comprehensive income
attributable to the owner of the parent 4,278,705.36 4,089,732.16
company
Total comprehensive income
-1,864,155.20 -3,214,452.05
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.0110 0.0085
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
(II)Diluted earnings per share 0.0110 0.0085
If there are entities merged under common control, their net profit realized before the merger were totaled to
RMB0.00. While it was RMB0.00 previous period.
Legal Representative: Zhu Jun Person in charge of accounting：Zhu Jun Accounting Dept Leader: Mu Linying
4. Income statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 16,418,067.39 16,073,030.51
Incl：Business cost 2,319,453.78 2,894,005.19
Business tax and surcharge 682,141.89 689,044.98
Sales expense
Administrative expense 6,237,078.40 4,867,158.87
Financial expenses -3,835,518.39 -2,994,195.81
Asset impairment loss -15,381.82 -158,361.17
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 439,606.88 1,233,485.20
Incl: investment gains from affiliates 189,606.88 533,097.00
Assets disposal income
Other income 25,000.00
II. Operational profit（“-”for loss） 11,494,900.41 12,008,863.65
Add ：Non-operational income 55,006.21
Less：Non business expenses 1,582.15
III.Total profit(“-”for loss) 11,549,906.62 12,007,281.50
Less：Income tax expenses 2,840,074.94 2,868,449.07
IV. Net profit（“-”for net loss） 8,709,831.68 9,138,832.43
1.Net continuing operating profit 8,709,831.68 9,138,832.43
2.Termination of operating net profit
V.Net of profit of other comprehensive i
-1,338,011.64 -212,405.21
ncome
（I）Other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（ II ）
Other comprehensive income that will b -1,338,011.64 -212,405.21
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
-709,727.75 -59,143.98
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
-628,283.89 -153,261.23
ancial statements
6.Other
VI. Total comprehensive income 7,371,820.04 8,926,427.22
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Cash flow statement
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
255,065,638.60 332,997,897.84
rending of services
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from
other financial bodies
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Cash received against original
insurance contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of trade financial asset
disposal
Cash received as interest, processing
fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing business
Tax returned 11,904,252.09 16,312,968.63
Other cash received from business
30,675,645.79 27,659,546.06
operation
Sub-total of cash inflow 297,645,536.48 376,970,412.53
Cash paid for purchasing of
243,676,008.15 468,216,518.39
merchandise and services
Net increase of client trade and
advance
Net increase of savings n central bank
and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 41,183,931.63 37,100,889.42
Taxes paid 20,200,074.43 23,364,848.38
Other cash paid for business activities 27,849,096.12 34,063,115.30
Sub-total of cash outflow from
332,909,110.33 562,745,371.49
business activities
Cash flow generated by business
-35,263,573.85 -185,774,958.96
operation, net
II.Cash flow generated by investing
Cash received from investment
0.00
retrieving
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
Cash received as investment gains 999,984.00 8,456,069.65
Net cash retrieved from disposal of
fixed assets, intangible assets, and 2,000.00 230.00
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 515,781,261.16 1,450,000,000.00
Sub-total of cash inflow due to
516,783,245.16 1,458,456,299.65
investment activities
Cash paid for construction of
fixed assets, intangible assets 137,216,482.28 107,695,577.41
and other long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
810,000,000.00 1,365,003,820.51
activities
Sub-total of cash outflow due to
947,216,482.28 1,472,699,397.92
investment activities
Net cash flow generated by investment -430,433,237.12 -14,243,098.27
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from
minor shareholders
Cash received as loans 95,971,462.72 17,429,437.87
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from financing
95,971,462.72 17,429,437.87
activities
Cash to repay debts 85,831,505.96 12,456,518.01
Cash paid as dividend, profit, or
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities 184,487.96
Sub-total of cash outflow due to 86,015,993.92 12,456,518.01
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
financing activities
Net cash flow generated by financing 9,955,468.80 4,972,919.86
IV. Influence of exchange rate
alternation on cash and cash -1,014,369.39 -187,390.72
equivalents
V.Net increase of cash and cash
-456,755,711.56 -195,232,528.09
equivalents
Add: balance of cash and cash
1,161,240,139.33 930,114,436.57
equivalents at the beginning of term
VI ..Balance of cash and cash
704,484,427.77 734,881,908.48
equivalents at the end of term
6. Cash Flow Statement of the Parent Company
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
16,719,611.00 16,476,892.65
rending of services
Tax returned
Other cash received from business
4,054,432.86 2,938,581.55
operation
Sub-total of cash inflow 20,774,043.86 19,415,474.20
Cash paid for purchasing of
860,394.62 793,419.49
merchandise and services
Cash paid to staffs or paid for staffs 5,619,694.30 4,778,841.65
Taxes paid 2,029,647.11 3,411,930.91
Other cash paid for business activities 1,775,182.86 1,548,739.26
Sub-total of cash outflow from
10,284,918.89 10,532,931.31
business activities
Cash flow generated by business
10,489,124.97 8,882,542.89
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 999,984.00 1,447,736.32
Net cash retrieved from disposal of
fixed assets, intangible assets, and
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
other long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received
Sub-total of cash inflow due to
999,984.00 1,447,736.32
investment activities
Cash paid for construction of fixed
assets, intangible assets 428,575.70 240,160.00
and other long-term assets
Cash paid as investment
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
10,000,000.00 70,000,000.00
activities
Sub-total of cash outflow due to
10,428,575.70 70,240,160.00
investment activities
Net cash flow generated by investment -9,428,591.70 -68,792,423.68
III.Cash flow generated by financing
Cash received as investment
Cash received as loans
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from
financing activities
Cash to repay debts
Cash paid as dividend, profit, or
interests
Other cash paid for financing activities
Sub-total of cash outflow due to
financing activities
Net cash flow generated by financing
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
1,060,533.27 -59,909,880.79
equivalents
Add: balance of cash and cash 413,700,327.95 440,685,610.11
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2018
equivalents at the beginning of term
VI ..Balance of cash and cash
414,760,861.22 380,775,729.32
equivalents at the end of term
II. Auditor’ report
Is the First Quarterly Report be audited?
□ Yes √No
The First Quarterly report is not audited.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
April 27th ,2018| 深纺织Ｂ：2018年第一季度报告全文（英文版） （下载公告） |
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| 公告日期:2018-04-27 |
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