Stock code: 000045,200045 Stock Abbreviation: Shen Textile A, Shen Textile B Announcement No. :2021-34
Shenzhen Textile (Holdings) Co., Ltd.
The First Quarterly Report 2021
April 2021
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2021
1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Companyhereby guarantees that there are no misstatement, misleading representation or important omissions in this reportand 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 Quarter Report was examined.Mr.Zhang Jian, Person in charge of the Company, Mr. He Fei, Chief financial officer and the Ms. Zhu Jingjing ,the person in charge of the accounting department (the person in charge of the accounting )hereby confirm theauthenticity and completeness of the financial report enclosed in this Quarter Report .This Report has been prepared in both Chinese and English , In case any discrepancy , the Chinese version shallprevail.
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2021
II. Basic Information of the Company
（1）Main financial data and financial index
Indicate by tick mark whether there is any retrospectively restated datum in the table below.
□ Yes √No
In RMB
| This period | Same period of last year | Changes of this period over same period of last year（％） | |
| Operating income（RMB） | 552,950,209.39 | 384,038,897.58 | 43.98% |
| Net profit attributable to the shareholders of the listed company（RMB） | 42,776,335.85 | -5,827,092.54 | 843.09% |
| Net profit after deducting of non-recurring gain/loss attributable to the shareholders of listed company（RMB） | 39,905,925.26 | -9,495,160.00 | 520.28% |
| Cash flow generated by business operation, net（RMB） | -75,288,004.27 | -84,585,231.55 | 10.99% |
| Basic earning per share(RMB/Share) | 0.0842 | -0.0114 | 838.60% |
| Diluted gains per share(RMB/Share) | 0.0842 | -0.0114 | 838.60% |
| Weighted average ROE(%) | 1.53% | -0.21% | 1.74% |
| End of this period | End of last period | Changes of this period-end over same period-end of last year(%) | |
| Gross assets（RMB） | 5,094,994,895.66 | 4,969,547,552.23 | 2.52% |
| Net assets attributable to the shareholders of the listed company（RMB） | 2,809,065,407.12 | 2,766,234,174.39 | 1.55% |
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
| Items | Amount from year-begin to period -end | Notes |
| Government subsidy recognized in current gain and loss(excluding those closely related to the Company’s business | 4,666,489.60 | Mainly to confirm other income from government subsidies related to operating |
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2021
| and granted under the state’s policies) | business. | |
| Other non-operating income and expenditure except for the aforementioned items | -3,496.05 | |
| Less: Amount of influence of income tax | 5,700.51 | |
| Amount of influence of minority interests（After tax） | 1,786,882.45 | |
| Total | 2,870,410.59 | -- |
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 oninformation disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses andits non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosurefor Companies offering their securities to the public-non-recurring Gains and losses which have been defined asrecurring 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 informationdisclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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 Recoveredand the Shares Held by Top Ten Common Shareholders
In shares
| Total number of common shareholders at the period-end | 28,577 | Total preference shareholders with the voting power recovered at the end of the reporting period(if any) | 0 | |||
| Shares held by the top 10 shareholders | ||||||
| Shareholder name | Properties of shareholder | Share proportion % | Quantity | Amount of tradable shares with Conditional held | Pledging or freezing | |
| Status of the shares | Quantity | |||||
| Shenzhen Investment Holdings Co., Ltd. | State-owned legal person | 46.10% | 234,069,436 | |||
| Shenzhen Shenchao Technology Investment Co., Ltd. | State-owned legal person | 3.18% | 16,129,032 | |||
| Sun Huiming | Domestic Nature person | 0.81% | 4,110,425 | |||
| Su Weipeng | Domestic Nature person | 0.56% | 2,823,066 | Pledge | 2,800,000 | |
| Deng Yan | Domestic Nature person | 0.51% | 2,578,400 | |||
| Shen Zhenxing | Domestic Nature person | 0.40% | 2,033,000 | |||
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2021
| Qi Jianhong | Domestic Nature person | 0.35% | 1,793,800 | ||||||
| Wang Zhongjing | Domestic Nature person | 0.33% | 1,680,000 | ||||||
| Hou Xiulan | Domestic Nature person | 0.33% | 1,677,991 | ||||||
| Li Zengmao | Domestic Nature person | 0.33% | 1,669,797 | ||||||
| Shareholding of top 10 shareholders of unrestricted shares | |||||||||
| Name of the shareholder | Quantity of unrestricted shares held at the end of the reporting period | Share type | |||||||
| Share type | Quantity | ||||||||
| Shenzhen Investment Holdings Co., Ltd. | 234,069,436 | RMB Common shares | 234,069,436 | ||||||
| Shenzhen Shenchao Technology Investment Co., Ltd. | 16,129,032 | RMB Common shares | 16,129,032 | ||||||
| Sun Huiming | 4,110,425 | Foreign shares placed in domestic exchange | 4,110,425 | ||||||
| Su Weipeng | 2,823,066 | RMB Common shares | 2,823,066 | ||||||
| Deng Yan | 2,578,400 | RMB Common shares | 2,578,400 | ||||||
| Shen Zhenxing | 2,033,000 | RMB Common shares | 2,033,000 | ||||||
| Qi Jianhong | 1,793,800 | RMB Common shares | 1,793,800 | ||||||
| Wang Zhongjing | 1,680,000 | RMB Common shares | 1,680,000 | ||||||
| Hou Xiulan | 1,677,991 | RMB Common shares | 1,677,991 | ||||||
| Li Zengmao | 1,669,797 | RMB Common shares | 1,669,797 | ||||||
| Related or acting-in-concert parties among shareholders above | Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of Shenzhen Investment Holdings Co., Ltd., According to the decision of the State-owned Assets Supervision and Administration Commission of Shenzhen Municipal People's Government, Shenzhen Shenchao Technology Investment Co., Ltd was transferred to Shenzhen Major Industrial Investment Group Co., Ltd in June 2019. Shenzhen Investment Holdings Co., Ltd and Shenzhen Shenchao Technology Investment Co., Ltd are both controlled by the State-owned Assets Supervision and Administration Commission of the | ||||||||
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2021
| Shenzhen Municipal People's Government. Except this, the Company did not whether there is relationship between the top ten shareholders holding non-restricted negotiable shares and between the top ten shareholders holding non-restricted negotiable shares and the top 10 shareholders or whether they are persons taking concerted action of Shareholders of Listed Companies. | |
| Explanation on shareholders participating in the margin trading business(if any ) | None |
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have abuy-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 Companyhave no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end ofthe report period
□ Applicable √Not applicable
III Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, aswell as reasons for the changes
√ Applicable □ Not applicable
| Items | Ending balance (RMB 10,000) | Operaing balance(RMB 10,000) | Changes ratio | Reasons of changes |
| Monetary funds | 17,856.12 | 27,908.72 | -36.02% | Mainly due to the purchase of currency funds and investment in Line 7 projects during the reporting period |
| Notes receivable | 2,498.99 | 1,681.37 | 48.63% | Mainly due to the increase in sales revenue of the polarizer business during the reporting period |
| Financing receivable | 14,345.53 | 10,205.13 | 40.57% | Mainly due to the increase in sales income of the polarizer business during the reporting period. |
| Prepayments | 4,271.17 | 1,690.25 | 152.69% | Mainly due to the increase in prepayment for materials during the reporting period. |
| Other account receivable | 3,939.58 | 526.50 | 648.26% | Mainly due to the collection of customer security deposits during the reporting period. |
| Other current asset | 4,506.99 | 7,748.21 | -41.83% | Mainly due to the indentified input tax to be deducted and transferred to the tax payable during the reporting period. |
| Advance receipts | 1,413.50 | 354.24 | 299.02% | Mainly due to the increase in sales receipts in advance. |
| Retained profit | 12,968.87 | 8,691.24 | 49.22% | Mainly due to gaining profit during the reporting period. |
| Items | Amount at the period（RMB 10,000) | Amount at the same period of last year(RMB 10,000) | Changes ratio | Reasons of changes |
| Operating income | 55,295.02 | 38,403.89 | 43.98% | Mainly due to the YOY increase in operating income from polarizer business and property leasing business |
| Sale expenses | 1,218.69 | 506.05 | 140.82% | Mainly due to the increase in sales staff salaries and sales service fees |
| R & D Cost | 1,121.02 | 848.62 | 32.10% | Mainly due to increased research and development in this period. |
| Financial expenses | -1,099.18 | 92.56 | -1287.53% | Mainly due to the sharp decline in the yen exchange rate during the reporting period and the substantial increase in exchange gains. |
| Assets impairment loss | -2,672.69 | -1,698.96 | -57.31% | Mainly due to the increase in provision for inventory falling prices. |
| Investment income | 500.84 | 753.26 | -33.51% | Mainly due to the decrease in wealth management income during the reporting period. |
| Operating profit | 6,882.35 | -1,143.84 | 701.69% | Mainly due to the continuous profitability of the polarizer business during the reporting period. |
| Total frofit | 6,882.00 | -1,141.64 | 702.82% | Mainly due to the continuous profitability of the polarizer business during the reporting period. |
| Income tax expenses | 672.05 | 129.45 | 419.16% | Mainly due to the increase in income tax expenses. |
| Net profit | 6,209.95 | -1,271.09 | 588.55% | Mainly due to the continuous profitability of the polarizer business during the reporting period. |
| Net cash flow generated by investment activities | -10,602.71 | -80.92 | -13002.71% | Mainly due to the purchase of currency funds during the reporting period. |
| Net cash flow generated by financing activities | 7,186.57 | -40.05 | 18044.00% | Mainly due to the increase in loans for Line 7 project during the reporting period. |
II. The progress of significant events and influence, as well as the analysis and explanation on resolvingproposal.
√ Applicable □ Not applicable
(I)Matters concerning the Company's involving arbitration and the subsidiary’s' 2019 performancecommitment compensation
On March 9, 2020, the company received the Notice of Arbitration (No.452 -2) from Shenzhen InternationalArbitration Court and the Application for Arbitration submitted by Hangzhou Jinjiang Group Co., Ltd., which isthe applicant of this arbitration while the company is the respondent. Hangzhou Jinjiang Group Co., Ltd.submitted the following arbitration requests: 1. The ruling made the following changes to the CooperationAgreement: (1) Delete the original Article 3.1 of the Cooperation Agreement and the relevant unfulfilled rightsand obligations will no longer be fulfilled (2) Delete the original Article 6.4 of the Cooperation Agreement, andthe relevant unfulfilled rights and obligations will no longer be fulfilled; 2. The respondent shall bear thearbitration fee of the case and the actual expenses of the arbitral tribunal. The applicant reserves the right tofurther modify the arbitration request. For details, please refer to the Announcement of 2020-07 on the website ofhttp://www.cninfo.com.cn.
On March 26, 2020, the company received the Notice on Extending the Time Limit Appointed by Arbitrators(2020 SGZS No.452 -3) delivered by Shenzhen International Arbitration Court. Due to the complexity of thedispute and the special epidemic background, the applicant needs extra time to negotiate and communicate theprocedural matters of the case with the respondent, so it applies to Shenzhen International Arbitration Court toextend the time limit for appointing arbitrators in this case. Shenzhen International Arbitration Court believes thatthe applicant's request is reasonable, and both parties are requested to notify Shenzhen International ArbitrationCourt in writing of the arbitrator's appointment result before March 30, 2020. Therefore, the company shallappoint an arbitrator before March 30, 2020 instead of within 15 days after receiving the arbitration notice onMarch 9, 2020, and notify the Shenzhen International Arbitration Court of the results in writing. For details,please refer to the Announcement of 2020-21 on the website of http://www.cninfo.com.cn
On April 17, 2020, the company received the Notice of Arbitral Tribunal Composition (2020 SGZS No.452-4)from Shenzhen International Arbitration Court. Both parties to the arbitration informed Shenzhen International
Shenzhen Textile(Holdings) Co., Ltd. The First Quarter Report 2021Arbitration Court in writing of the results of arbitrator selection according to the arbitration procedure beforeMarch 30, 2020, and appointed 1 arbitrator respectively and 1 chief arbitrator together. On April 16, 2020, thearbitration tribunal was formed to hear the case.On December 1, 2020, the arbitration case was heard in the Seventh Arbitration Tribunal of the Court ofArbitration located at the Shenzhen Stock Exchange.The arbitration tribunal made the following rulings on thiscase on March 25, 2021: 1. The applicant is exempted from performing the 2019 performance compensationobligations stipulated in Article 3.1 of the Cooperation Agreement, and is not required to pay the 244,783,800yuan of 2019 performance difference compensation to Shengbo Optoelectronics; 2. The arbitration fee of RMB2,682,011 for this case and the actual expenses of the arbitrators of RMB 8,000 shall all borne by the applicant; 3.The applicant’s other arbitration requests are not supported. This ruling is final and will become legally effectivefrom the date it is made. For details, please refer to the "Announcement on the Results of the Company InvolvingArbitration" (No. 2021-29) disclosed on Cninfo website (http://www.cninfo.com.cn).（II）Provision of guarantees for subsidiaries to apply for bank mortgagesIn order to meet the capital requirements for the construction of the polarizer industrialization project (line 7)for super-large TVs, the 28th meeting of the seventh board of directors of the company deliberated and approvedthe "Proposal on Subsidiaries Applying for Mortgage Loans from Banks" and "About The Proposal on ProvidingGuarantees for Subsidiaries' Mortgage Loans, the Proposal on Providing Guarantees for Subsidiaries' MortgageLoans Deliberated and Passed by the Second Extraordinary General Meeting of Shareholders in 2020, the 34thMeeting of the Seventh Board of Directors, and the first interim meeting in 2021 The general meeting ofshareholders reviewed and approved the "Proposal on Clarifying the "Proposal on Providing Guarantees forSubsidiary Mortgage Loans" and the scope of guarantees in the resolution", and agreed that the subsidiary SAPOPhotoelectric will use some of its self-owned properties to take the Bank of Communications Co., Ltd. ShenzhenBranch as the lead The bank’s syndicated application for a fixed asset loan of RMB 80 million with a term of nomore than 8 years is based on the "Oversized TV Polarizer Industrialization Project (Line 7) Syndicated Loan"and "Oversized TV" signed by SAPO Photoelectric and the lender. "The Mortgage Contract of Syndicated Loanfor Polarizer Industrialization Project (Line 7)" shall prevail; Agreed to provide a joint liability guarantee for 60%of the total debts of the subsidiary SAPO Photoelectric under the above-mentioned project loan to theabove-mentioned syndicate. The principal amount of the secured creditor's rights is RMB 480 million, and thelegal representative of the company or its authorized representative is authorized to represent the company Handlethe above guarantee matters and sign the guarantee contract and any other documents related to this guarantee. Fordetails, please refer to the company's announcements No. 2020-18, 2020-19, 2020-22, 2020-52, and 2021-11 onwww.cninfo.com.cn. As of the date of the disclosure of this report, the company has signed the "GuaranteeContract for Syndicated Loans for the Industrialization Project of Polarizers for Ultra-Large TVs (Line 7)" withBank of Communications Co., Ltd. Shenzhen Branch, the guarantee agent of the syndicate. For details, pleaserefer to the "Announcement on the Company's Progress in Providing Guarantees to Subsidiaries" (No. 2020-46)on October 24, 2020, http://www.cninfo.com.cn.（III）Progress in subsidiaries participating in the establishment of industrial fundsOn November 16, 2017, the company's controlling subsidiary SAPO Photoelectric signed the ChangxingJunying Equity Investment Partnership (Limited Partnership) Agreement with the fund manager HuizhiInvestment Management Co., Ltd, general partner Jinxin Investment Co., Ltd and other limited partners, andco-sponsored the establishment of an industrial fund, focusing on the optical film industry chain related projectsrelated to the company's main business, with a fund size of 50 million yuan. SAPO Photoelectric, as one of thelimited partners of the industrial fund, subscribed for a capital contribution of 28.5 million yuan. For detailsJuchao Website:（http://www.cninfo.com.cn. (Announcement No.2017--55).
Shenzhen Textile(Holdings) Co., Ltd. The First Quarter Report 2021On February 10, 2018, Changxing Junying Equity Investment Partnership completed the industrial andcommercial registration and completed the private equity investment fund registration on February 8, 2018. Fordetails Juchao Website:（http://www.cninfo.com.cn. (Announcement No.2018--05).
As of March 31, 2021, Changxing Junying had accumulated 3 investment projects with a total investment of42 million yuan.
| No | Name | Investment | Fund contribution (RMB 10,000) |
| 1 | Shenzhen Kaichuang Shijia Technology Co., Ltd. | Optical Film | 1,400 |
| 2 | Shenzhen Shenfuyu Electronic Technology Co., Ltd | Optical Film | 1,300 |
| 3 | Shenzhen Hengbaoshun Technology Development Co., Ltd. | Optical Film | 1,500 |
| Announcement | Date of disclosure | Website for disclosure |
| Matters concerning the Company's involving arbitration for its subsidiary’s 2019 performance commitment compensation | March 11,2020 | http//www.cninfo.com.cn. Announcement No.2020-07 |
| March 28,2020 | http//www.cninfo.com.cn. Announcement No.2020-21 | |
| November 5,2020 | http//www.cninfo.com.cn. Announcement No.2020-50 | |
| December 17,2020 | http//www.cninfo.com.cn. Announcement No.2020-56 | |
| March 30,2021 | http//www.cninfo.com.cn. Announcement No.2020-29 | |
| Matters concerning the Company providing guarantee for its subsidiary’s bank mortgage loans applied. | March 18,2020 | http//www.cninfo.com.cn. Announcement No.2020-18 |
| March 18,2020 | http//www.cninfo.com.cn. Announcement No.2020-19 | |
| April 7,2020 | http//www.cninfo.com.cn. Announcement No.2020-22 | |
| October 24,2020 | http//www.cninfo.com.cn. Announcement No.2020-46 | |
| November 25,2020 | http//www.cninfo.com.cn. Announcement No.2020-52 | |
| February 3,2021 | http//www.cninfo.com.cn. Announcement No.2021-11 |
Progress in the implementation of share repurchase
□ Applicable √ Not applicable
Progress in the implementation of the reduction of the repurchased shares by means of centralized bidding
□ Applicable √ Not applicable
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 commitmentsunfinished in implementation at the end of the reporting period
√Applicable □Not applicable
| Commitment | Commitment maker | Type | Contents | Time of making commitment | Period of commitment | Fulfillment |
| Commitment on share reform | Shenzhen Investment Holdings Co., Ltd. | Share reduction commitment | As Shenzhen Investment Holdings Co., Ltd., the controlling shareholder of the company, committed when the restricted-for-sale 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” and the provisions of the relevant business principles of Shenzhen Stock Exchange. | August 4, 2006 | Sustained and effective | Under Fulfillment |
| Commitment in the acquisition report or the report on equity changes | ||||||
| Commitment made upon the assets replacement | ||||||
| Commitments made upon issuance | Shenzhen Investment Holdings Co., Ltd. | Commitments on horizontal competition, related transaction and capital occupation | Shenzhen Investment Holdings Co., Ltd. signed a “Letter of Commitment and Statement on Horizontal Competition Avoidance” when the company issued non-public stocks in 2009. Pursuant to the Letter of Commitment and Statement, Shenzhen Investment Holdings Co., Ltd. and its wholly owned subsidiary, subsidiaries under control or any other companies that have 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., Ltd. shall urge such companies to sell the equity, assets or business to Shenzhen Textile or a third party; when the horizontal | October 9, 2009 | Sustained and effective | Under Fulfillment |
| 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. | ||||||
| Shenzhen Investment Holdings Co., Ltd. | Commitments on horizontal competition, related transaction and capital occupation | The commitments during the period non-public issuance in 2012: 1. Shenzhen Investment 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, 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 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. | July 14, 2012 | Sustained and effective | Under Fulfillment | |
| Equity incentive commitment | Shenzhen Textile(Holdings) Co., Ltd. | Other commitment | 1.The company undertakes not to provide 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”. | November 27,2017 | April 7,2021 | Fulfillment |
| 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 unfulfillment and the net stage of the working plan | Not applicable |
IV. Financial asset investment
1. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.
2.Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.V. Progress of investment projects with raised funds
√ Applicable □ Not applicable
The progress of investment and construction of the polarized film industrialization project for ultra-large-sizeTVs (Line 7)As of March 31, 2021, The line 7 project has completed the overall commissioning and entered the chemical trialproduction, and it’s expected to enter the mass production stage in July this year.On March 16, 2021, The funds raised in the special account for raised funds for the Line 7 project have beenused up as required, and the Company has cancelled the special account for the raised funds. For details, pleaserefer to No. 2021-30 Announcement of the Company disclosed on www.cninfo.com.cn.As of March 31, 2021, the cumulative investment contract value of the Line 7 project was 1,832.21 million yuan,and the actual payment was 1,563.69 million yuan (using the raised funds of 409.95 million yuan, and using its ownfunds and government funds of 1,153.74 million yuan).
VI. Prediction of the performances from January to June 2021Estimation on accumulative net profit from the beginning of the year to the end of next report period to be lossprobably or the warning of its material change compared with the corresponding period of the last year andexplanation on reason
□ Applicable √ Not applicable
VII. Major contracts for daily operations
□ Applicable √ Not applicable
VIII. Entrusted Financial Management
√ Applicable □ Not applicable
In RMB10,000
| Type | Capital resources | Amount for entrust | Undue balance | Overdue amount |
| Bank financing product | Self funds | 20,000 | 6,000 | 0 |
| Other | Self funds | 64,370 | 63,370 | 0 |
| Total | 84,370 | 69,370 | 0 | |
The detailed information of entrusted wealth-management with significant amount or low safety, poor liquidity orhigh risk with no promise of principal
√ Applicable □Not applicable
In RMB 10,000
| Name of Trustee Organization (or Trustee Name) | Type of Trustee Organization(or Trustee) | Product Type | Amount | Capital Source | Start Date | Expiry Date | Funds Allocation | Method of Reward Determination | Reference Annualized Rate of Return | Expected Income (if any) | Actual profit and loss during the reporting period | The actual recovery of profit and loss during the reporting period | Amount of provision for impairment (if any) | Whether passed the statutory procedure | Whether there is any entrusted financial plan in the future | Summary of events and related search index (if any) |
| Southern Assset Manage | Fund Company | Monetary fu | 30,500 | Self fund | September 7,2020 | March 31,2021 | Public fund products | Re dempt ion onT day | 2.65% | Unex pired | Yes | Not applicable |
| ment Co., Ltd. | nd | ,arri val onT+ 1 day | ||||||||||||||
| Total | 30,500 | -- | -- | -- | -- | -- | -- | 0 | 0 | -- | -- | -- | -- | |||
Entrusted financing appears to be unable to recover the principal or there may be other circumstances thatmay result in impairment
□ Applicable √ Not applicable
IX. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the PeriodX. 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 companyin PeriodXI. The registration form of acceptance of investigation, communication and interview in the report periodfor future reference
√ Applicable □Not applicable
| Reception time | Place of reception | Way of reception | Types of visitors received | Visitors received | Main contents discussed and information provided | Index of Basic Information on the Investigation and Survey |
| March 18,2021 | Meeting room on the sixth floor of the company | Field research | Organization | Great Wall Securities | The main content: the price increase situation of polarizer and its impact on the Company; whether the upstream raw material price increases; the related issues of production capacity release of Line 7 and the gross profit rate; the price comparison with the same industry. Document provided: None. | For details, please refer to the " Research Activities Information of the Company 20210319”（2021-01）http://www.cninfo.c om.cn. |
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
April 28,2021