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 , theperson 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 | 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 | -- |
| 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 |
III Significant EventsI. 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. |
Shenzhen Textile(Holdings) Co., Ltd. The First Quarter Report 202130, 2020, and appointed 1 arbitrator respectively and 1 chief arbitrator together. On April 16, 2020, the arbitrationtribunal 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 this caseon March 25, 2021: 1. The applicant is exempted from performing the 2019 performance compensation obligationsstipulated in Article 3.1 of the Cooperation Agreement, and is not required to pay the 244,783,800 yuan of 2019performance difference compensation to Shengbo Optoelectronics; 2. The arbitration fee of RMB 2,682,011 for thiscase and the actual expenses of the arbitrators of RMB 8,000 shall all borne by the applicant; 3. The applicant’sother arbitration requests are not supported. This ruling is final and will become legally effective from the date it ismade. For details, please refer to the "Announcement on the Results of the Company Involving Arbitration" (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) forsuper-large TVs, the 28th meeting of the seventh board of directors of the company deliberated and approved the"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 Loan forPolarizer Industrialization Project (Line 7)" shall prevail; Agreed to provide a joint liability guarantee for 60% ofthe total debts of the subsidiary SAPO Photoelectric under the above-mentioned project loan to the above-mentionedsyndicate. The principal amount of the secured creditor's rights is RMB 480 million, and the legal representative ofthe company or its authorized representative is authorized to represent the company Handle the above guaranteematters and sign the guarantee contract and any other documents related to this guarantee. For details, please referto the company's announcements No. 2020-18, 2020-19, 2020-22, 2020-52, and 2021-11 on www.cninfo.com.cn.As of the date of the disclosure of this report, the company has signed the "Guarantee Contract for Syndicated Loansfor the Industrialization Project of Polarizers for Ultra-Large TVs (Line 7)" with Bank of Communications Co., Ltd.Shenzhen Branch, the guarantee agent of the syndicate. For details, please refer to the "Announcement on theCompany'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 funds On 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, and co-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). On February 10, 2018, Changxing Junying Equity Investment Partnership completed the industrial and Shenzhen Textile(Holdings) Co., Ltd. The First Quarter Report 2021commercial 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 |
| Commitment | Commitment maker | Type | Contents | Time of making commitment | Period of commitment | Fulfillment | | Commitment on | Shenzh | Share | As Shenzhen Investment Holdings Co., Ltd., the | Augu | Sustai | Under |
| share reform | en Investment Holdings Co., Ltd. | reduction commitment | 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. | st 4, 2006 | ned and effective | 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 competition may occur due to the business expansion | October 9, 2009 | Sustained and effective | Under Fulfillment |
| | | 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 |
Shenzhen Textile(Holdings) Co., Ltd. The First Quarter Report 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 |
| 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 Management | Fund Company | Monetary fund | 30,500 | Self fund | September 7,2020 | March 31,2021 | Public fund products | Re dempt ion onT day ,arri val | 2.65% | | | Unex pired | | Yes | Not applicable | |
| Co., Ltd. | | | | | | | onT+ 1 day | | | | | | | | | | Total | 30,500 | -- | -- | -- | -- | -- | -- | 0 | 0 | -- | | -- | -- | -- |
| 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. |
IV. Financial StatementI. Financial statement 1. Consolidated balance sheet Prepared by: Shenzhen Textile (Holdings) Co., Ltd.In RMB | Items | March 31,2021 | December 31,2020 | | Current asset： | | | | Monetary fund | 178,561,232.96 | 279,087,236.95 | | Settlement provision | | | | Outgoing call loan | | | | Transactional financial assets | 701,587,769.31 | 684,617,260.06 | | Derivative financial assets | | | | Notes receivable | 24,989,946.54 | 16,813,657.28 | | Account receivable | 526,890,268.46 | 547,310,217.90 | | Financing receivable | 143,455,339.81 | 102,051,314.08 | | Prepayments | 42,711,657.22 | 16,902,516.39 | | Insurance receivable | | | | Reinsurance receivable | | | | Provisions of Reinsurance contracts receivable | | | | Other account receivable | 39,395,823.40 | 5,265,002.71 | | Including：Interest receivable | 126,767.12 | | | Dividend receivable | | | | Repurchasing of financial assets | | | | Inventories | 559,847,248.70 | 480,847,581.44 | | Contract assets | | | | Assets held for sales | | | | Non-current asset due within 1 year | | | | Other current asset | 45,069,899.42 | 77,482,083.47 | | Total of current assets | 2,262,509,185.82 | 2,210,376,870.28 | | Non-current assets： | | | | Loans and payment on other’s behalf disbursed | | | | Creditors' right investment | | |
| Other creditors' right investment | | | | Long-term receivable | | | | Long term share equity investment | 147,682,320.04 | 147,929,137.23 | | Long-term equity instrument investment | 190,759,230.40 | 190,607,427.54 | | Other non-current financial assets | 28,500,000.00 | 30,650,943.40 | | Property investment | 109,986,869.34 | 110,572,471.92 | | Fixed assets | 771,991,911.11 | 790,183,905.38 | | Construction in progress | 1,415,846,593.04 | 1,301,750,141.12 | | Production physical assets | | | | Oil & gas assets | | | | Use right assets | | | | Intangible assets | 36,083,698.36 | 36,048,978.91 | | Development expenses | | | | Goodwill | | | | Long-germ expenses to be amortized | 3,081,110.54 | 2,876,561.53 | | Deferred income tax asset | 5,495,384.27 | 5,243,425.26 | | Other non-current asset | 123,058,592.74 | 143,307,689.66 | | Total of non-current assets | 2,832,485,709.84 | 2,759,170,681.95 | | Total of assets | 5,094,994,895.66 | 4,969,547,552.23 | | Current liabilities | | | | Short-term loans | | | | Loan from Central Bank | | | | Borrowing funds | | | | Transactional financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | | | | Account payable | 320,085,101.23 | 329,468,601.90 | | Advance receipts | 14,134,966.74 | 3,542,394.33 | | Contract liabilities | | 279,631.27 | | Selling of repurchased financial assets | | | | Deposit taking and interbank deposit | | | | Entrusted trading of securities | | | | Entrusted selling of securities | | |
| Employees’ wage payable | 44,738,439.43 | 55,642,549.53 | | Tax payable | 16,542,656.25 | 12,198,522.02 | | Other account payable | 145,631,692.84 | 156,118,440.42 | | Including：Interest payable | | | | Dividend payable | | | | Fees and commissions payable | | | | Reinsurance fee payable | | | | Liabilities held for sales | | | | Non-current liability due within 1 year | | | | Other current liability | | | | Total of current liability | 541,132,856.49 | 557,250,139.47 | | Non-current liabilities： | | | | Reserve fund for insurance contracts | | | | Long-term loan | 419,151,042.06 | 343,100,174.35 | | Bond payable | | | | Including：preferred stock | | | | Sustainable debt | | | | Lease liability | | | | Long-term payable | | | | Long-term remuneration payable to staff | | | | Expected liabilities | | | | Deferred income | 113,889,213.41 | 110,740,322.21 | | Deferred income tax liability | 59,352,120.55 | 59,141,666.58 | | Other non-current liabilities | | | | Total non-current liabilities | 592,392,376.02 | 512,982,163.14 | | Total of liability | 1,133,525,232.51 | 1,070,232,302.61 | | Owners’ equity | | | | Share capital | 507,758,329.00 | 507,772,279.00 | | Other equity instruments | | | | Including：preferred stock | | | | Sustainable debt | | | | Capital reserves | 1,967,448,375.03 | 1,967,514,358.53 | | Less：Shares in stock | 7,525,438.20 | 7,525,438.20 |
| Other comprehensive income | 116,740,762.80 | 116,605,932.42 | | Special reserve | | | | Surplus reserves | 94,954,652.14 | 94,954,652.14 | | Common risk provision | | | | Retained profit | 129,688,726.35 | 86,912,390.50 | | Total of owner’s equity belong to the parent company | 2,809,065,407.12 | 2,766,234,174.39 | | Minority shareholders’ equity | 1,152,404,256.03 | 1,133,081,075.23 | | Total of owners’ equity | 3,961,469,663.15 | 3,899,315,249.62 | | Total of liabilities and owners’ equity | 5,094,994,895.66 | 4,969,547,552.23 |
| Items | March 31,2021 | December 31,2020 | | Current asset： | | | | Monetary fund | 11,130,010.32 | 113,560,327.21 | | Transactional financial assets | 641,587,769.31 | 514,277,000.82 | | Derivative financial assets | | | | Notes receivable | | | | Account receivable | 4,543,779.36 | 1,461,400.20 | | Financing receivable | | | | Prepayments | 841,464.00 | 18,706.17 | | Other account receivable | 9,595,906.86 | 7,450,934.40 | | Including：Interest receivable | | | | Dividend receivable | | | | Inventories | 14,026.00 | 8,808.00 | | Contract assets | | | | Assets held for sales | | | | Non-current asset due within 1 year | | | | Other current asset | | | | Total of current assets | 667,712,955.85 | 636,777,176.80 | | Non-current assets： | | | | Creditor's right investment | | |
| Other Creditor's right investment | | | | Long-term receivable | | | | Long term share equity investment | 2,103,730,526.13 | 2,103,977,343.32 | | Other equity instruments investment | 177,294,236.31 | 177,142,433.45 | | Other non-current financial assets | | | | Property investment | 101,279,965.07 | 101,644,481.93 | | Fixed assets | 21,472,797.13 | 21,876,099.34 | | Construction in progress | | | | Production physical assets | | | | Oil & gas assets | | | | Use right assets | | | | Intangible assets | 456,342.22 | 492,923.62 | | Development expenses | | | | Goodwill | | | | Long-germ expenses to be amortized | | | | Deferred income tax asset | 5,352,394.19 | 5,097,360.00 | | Other non-current asset | 95,760,086.27 | 96,871,196.43 | | Total of non-current assets | 2,505,346,347.32 | 2,507,101,838.09 | | Total of assets | 3,173,059,303.17 | 3,143,879,014.89 | | Current liabilities | | | | Short-term loans | | | | Transactional financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | | | | Account payable | 411,743.57 | 411,743.57 | | Advance receipts | 2,875,936.58 | 2,875,936.58 | | Contract Liabilities | | | | Employees’ wage payable | 13,044,316.74 | 14,824,723.81 | | Tax payable | 13,188,991.53 | 11,497,591.21 | | Other account payable | 113,013,158.96 | 95,023,378.12 | | Including：Interest payable | | | | Dividend payable | | | | Liabilities held for sales | | | | Non-current liability due within 1 | | |
| year | | | | Other current liability | | | | Total of current liability | 142,534,147.38 | 124,633,373.29 | | Non-current liabilities： | | | | Long-term loan | | | | Bond payable | | | | Including：preferred stock | | | | Sustainable debt | | | | Lease liability | | | | Long-term payable | | | | Long-term remuneration payable to staff | | | | Expected liabilities | | | | Deferred income | 475,000.00 | 500,000.00 | | Deferred income tax liability | 56,360,872.03 | 56,150,418.06 | | Other non-current liabilities | | | | Total non-current liabilities | 56,835,872.03 | 56,650,418.06 | | Total of liability | 199,370,019.41 | 181,283,791.35 | | Owners’ equity | | | | Share capital | 507,758,329.00 | 507,772,279.00 | | Other equity instruments | | | | Including：preferred stock | | | | Sustainable debt | | | | Capital reserves | 1,583,241,526.36 | 1,583,307,509.86 | | Less：Shares in stock | 7,525,438.20 | 7,525,438.20 | | Other comprehensive income | 107,767,017.23 | 107,632,186.85 | | Special reserve | | | | Surplus reserves | 94,954,652.14 | 94,954,652.14 | | Retained profit | 687,493,197.23 | 676,454,033.89 | | Total of owners’ equity | 2,973,689,283.76 | 2,962,595,223.54 | | Total of liabilities and owners’ equity | 3,173,059,303.17 | 3,143,879,014.89 |
| Items | Amount in this period | Amount in last period | | I. Income from the key business | 552,950,209.39 | 384,038,897.58 | | Including：Business income | 552,950,209.39 | 384,038,897.58 | | Interest income | | | | Insurance fee earned | | | | Fee and commission received | | | | II. Total business cost | 467,514,146.26 | 391,112,460.37 | | Including：Business cost | 427,817,363.33 | 355,291,353.02 | | Interest expense | | | | Fee and commission paid | | | | Insurance discharge payment | | | | Net claim amount paid | | | | Net amount of withdrawal of insurance contract reserve | | | | Insurance policy dividend paid | | | | Reinsurance expenses | | | | Business tax and surcharge | 2,169,731.19 | 804,115.37 | | Sales expense | 12,186,927.12 | 5,060,450.36 | | Administrative expense | 25,121,747.46 | 20,544,772.51 | | R & D costs | 11,210,174.64 | 8,486,184.19 | | Financial expenses | -10,991,797.48 | 925,584.92 | | Including：Interest expense | 10,865.75 | | | Interest income | 478,995.90 | 883,728.42 | | Add：Other income | 4,666,489.60 | 6,035,059.44 | | Investment gain（“-”for loss） | 5,008,410.87 | 7,532,610.58 | | Including: investment gains from affiliates | -267,795.43 | -14,324.29 | | Termination of recognition of gains on financial assets at amortized cost | | | | Gains from currency exchange | | | | Net exposure hedging income | | | | Changing income of fair value | 402,037.73 | | | Loss of credit impairment | 37,491.52 | -942,949.53 | | Impairment losses on assets | -26,726,948.99 | -16,989,559.50 | | Income on disposal of assets | | | | III. Operating profit（“-”for loss） | 68,823,543.86 | -11,438,401.80 |
| Add ：Non-operating income | 3,907.91 | 22,036.60 | | Less: Non-operating expense | 7,403.96 | | | IV. Total profit(“-”for loss) | 68,820,047.81 | -11,416,365.20 | | Less：Income tax expenses | 6,720,531.16 | 1,294,513.72 | | V. Net profit | 62,099,516.65 | -12,710,878.92 | | (I) Classification by business continuity | | | | 1.Net continuing operating profit | 62,099,516.65 | -12,710,878.92 | | 2.Termination of operating net profit | | | | (II) Classification by ownership | | | | Net profit attributable to the owners of parent company | 42,776,335.85 | -5,827,092.54 | | Minority shareholders’ equity | 19,323,180.80 | -6,883,786.38 | | VI. Net after-tax of other comprehensive income | 134,830.38 | 1,132,699.19 | | Net of profit of other comprehensive income attributable to owners of the parent company. | 134,830.38 | 1,132,699.19 | | （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | 113,852.14 | 579,610.93 | | 1.Re-measurement of defined benefit plans of changes in net debt or net assets | | | | 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | | | | 3. Changes in the fair value of investments in other equity instruments | 113,852.14 | 579,610.93 | | 4. Changes in the fair value of the company’s credit risks | | | | 5.Other | | | | （II） Other comprehensive income that will be reclassified into profit or loss. | 20,978.24 | 553,088.26 | | 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | | | | 2. Changes in the fair value of investments in other debt obligations | | | | 3. Other comprehensive income arising from the reclassification of financial assets | | |
| 4. Allowance for credit impairments in investments in other debt obligations | | | | 5. Reserve for cash flow hedges | | | | 6. Translation differences in currency financial statements | 20,978.24 | 553,088.26 | | 7.Other | | | | Net of profit of other comprehensive income attributable to Minority shareholders’ equity | | | | VII. Total comprehensive income | 62,234,347.03 | -11,578,179.73 | | Total comprehensive income attributable to the owner of the parent company | 42,911,166.23 | -4,694,393.35 | | Total comprehensive income attributable minority shareholders | 19,323,180.80 | -6,883,786.38 | | VIII. Earnings per share | | | | （I）Basic earnings per share | 0.0842 | -0.0114 | | (II)Diluted earnings per share | 0.0842 | -0.0114 |
| Items | Amount in this period | Amount in last period | | I. Revenue | 19,109,039.55 | 7,630,491.99 | | Including：Business cost | 2,345,100.78 | 1,874,736.02 | | Business tax and surcharge | 721,825.57 | 115,428.89 | | Sales expense | | | | Administrative expense | 7,204,979.29 | 6,808,320.81 | | R & D costs | | | | Financial expenses | -88,114.53 | -96,722.15 | | Including：Interest expenses | 3,000.00 | | | Interest income | 104,096.33 | 113,404.51 | | Add: Other income | 25,000.00 | 30,075.52 | | Investment gain（“-”for loss） | 4,408,808.67 | 6,150,841.34 | | Including: investment gains from affiliates | -267,795.43 | -14,324.29 |
| Termination of recognition of gains on financial assets at amortized cost | | | | Net exposure hedging income | | | | Changing income of fair value | 402,037.73 | | | Credit impairment loss | -275,123.77 | 14,037.69 | | Impairment losses on assets | | | | Income on disposal of assets | | | | II. Operating profit（“-”for loss） | 13,485,971.07 | 5,123,682.97 | | Add ：Non-operating income | | | | Less：Non -operating expenses | | | | III. Total profit(“-”for loss) | 13,485,971.07 | 5,123,682.97 | | Less：Income tax expenses | 2,446,807.73 | 1,277,867.39 | | IV. Net profit | 11,039,163.34 | 3,845,815.58 | | 1.Net continuing operating profit | 11,039,163.34 | 3,845,815.58 | | 2.Termination of operating net profit | | | | V. Net after-tax of other comprehensive income | 134,830.38 | 1,132,699.19 | | （I）Other comprehensive income items that will not be reclassified into gains/losses in the subsequent accounting period | 113,852.14 | 579,610.93 | | 1.Re-measurement of defined benefit plans of changes in net debt or net assets | | | | 2.Other comprehensive income under the equity method investee can not be reclassified into profit or loss. | | | | 3. Changes in the fair value of investments in other equity instruments | 113,852.14 | 579,610.93 | | 4. Changes in the fair value of the company’s credit risks | | | | 5.Other | | | | （II） Other comprehensive income that will be reclassified into profit or loss. | 20,978.24 | 553,088.26 | | 1.Other comprehensive income under the equity method investee can be reclassified into profit or loss. | | | | 2. Changes in the fair value of investments in other debt obligations | | | | 3. Other comprehensive income arising from the reclassification of financial assets | | |
| 4. Allowance for credit impairments in investments in other debt obligations | | | | 5. Reserve for cash flow hedges | | | | 6. Translation differences in currency financial statements | 20,978.24 | 553,088.26 | | 7.Other | | | | VI. Total comprehensive income | 11,173,993.72 | 4,978,514.77 | | VII. Earnings per share | | | | （I）Basic earnings per share | | | | (II)Diluted earnings per share | | |
| Items | Amount in this period | Amount in last period | | I. Cash flows from operating activities | | | | Cash received from sales of goods or rending of services | 497,878,724.28 | 347,314,377.78 | | 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 | | | | Cash received against original insurance contract | | | | Net cash received from reinsurance business | | | | Net increase of client deposit and investment | | | | Cash received from interest, commission charge and commission | | | | Net increase of inter-bank fund received | | | | Net increase of repurchasing business | | | | Net cash received by agent in securities trading | | | | Tax returned | 6,520,333.41 | 954,647.40 | | Other cash received from business operation | 50,348,087.80 | 26,368,130.45 | | Sub-total of cash inflow | 554,747,145.49 | 374,637,155.63 | | Cash paid for purchasing of merchandise and services | 464,527,899.35 | 363,412,160.97 | | Net increase of client trade and advance | | | | Net increase of savings in central bank and brother company | | | | Cash paid for original contract claim | | | | Net increase for Outgoing call loan | | |
| Cash paid for interest, processing fee and commission | | | | Cash paid for policy dividend | | | | Cash paid to staffs or paid for staffs | 72,133,529.61 | 43,641,458.66 | | Taxes paid | 10,012,400.49 | 15,943,315.82 | | Other cash paid for business activities | 83,361,320.31 | 36,225,451.73 | | Sub-total of cash outflow from business activities | 630,035,149.76 | 459,222,387.18 | | Net cash generated from used in operating activities | -75,288,004.27 | -84,585,231.55 | | II. Cash flow generated by investing | | | | Cash received from investment retrieving | 20,230,035.72 | | | Cash received as investment gains | 5,129,520.27 | 3,857,765.99 | | Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | | | | Net cash received from disposal of subsidiaries or other operational units | | | | Other investment-related cash received | 470,457,427.76 | 1,048,864,849.13 | | Sub-total of cash inflow due to investment activities | 495,816,983.75 | 1,052,722,615.12 | | Cash paid for construction of fixed assets, intangible assets and other long-term assets | 89,469,056.52 | 48,531,829.41 | | Cash paid as investment | | | | Net increase of loan against pledge | | | | Net cash received from subsidiaries and other operational units | | | | Other cash paid for investment activities | 512,374,977.65 | 1,005,000,000.00 | | Sub-total of cash outflow due to investment activities | 601,844,034.17 | 1,053,531,829.41 | | Net cash flow generated by investment | -106,027,050.42 | -809,214.29 | | III.Cash flow generated by financing | | | | Cash received as investment | | | | Including: Cash received as investment from minor shareholders | | | | Cash received as loans | 75,966,000.00 | | | Other financing –related cash received | | | | Sub-total of cash inflow from financing activities | 75,966,000.00 | | | Cash to repay debts | | | | Cash paid as dividend, profit, or interests | 4,020,397.33 | | | Including: Dividend and profit paid by subsidiaries to minor shareholders | | | | Other cash paid for financing activities | 79,933.50 | 400,527.00 |
| Sub-total of cash outflow due to financing activities | 4,100,330.83 | 400,527.00 | | Net cash flow generated by financing | 71,865,669.17 | -400,527.00 | | IV. Influence of exchange rate alternation on cash and cash equivalents | 548,403.88 | 936,690.11 | | V.Net increase of cash and cash equivalents | -108,900,981.64 | -84,858,282.73 | | Add: balance of cash and cash equivalents at the beginning of term | 278,337,236.95 | 268,646,588.18 | | VI ..Balance of cash and cash equivalents at the end of term | 169,436,255.31 | 183,788,305.45 |
| Items | Amount in this period | Amount in last period | | I.Cash flows from operating activities | | | | Cash received from sales of goods or rending of services | 14,575,065.59 | 7,557,501.57 | | Tax returned | | | | Other cash received from business operation | 22,792,292.96 | 961,505.57 | | Sub-total of cash inflow | 37,367,358.55 | 8,519,007.14 | | Cash paid for purchasing of merchandise and services | 1,827,595.36 | 2,273,944.05 | | Cash paid to staffs or paid for staffs | 9,645,113.21 | 8,852,461.42 | | Taxes paid | 2,883,536.39 | 13,721,179.11 | | Other cash paid for business activities | 3,174,491.88 | 184,890.89 | | Sub-total of cash outflow from business activities | 17,530,736.84 | 25,032,475.47 | | Net cash generated from /used in operating activities | 19,836,621.71 | -16,513,468.33 | | II. Cash flow generated by investing | | | | Cash received from investment retrieving | | | | Cash received as investment gains | 2,729,945.20 | 3,857,765.99 | | Net cash retrieved from disposal of fixed assets, intangible assets, and other long-term assets | | | | Net cash received from disposal of subsidiaries or other operational units | | | | Other investment-related cash received | 260,000,000.00 | 636,934,487.06 | | Sub-total of cash inflow due to investment activities | 262,729,945.20 | 640,792,253.05 | | Cash paid for construction of fixed assets, intangible assets and other long-term assets | 916,950.30 | 545,266.38 | | Cash paid as investment | | |
| Net cash received from subsidiaries and other operational units | | | | Other cash paid for investment activities | 384,000,000.00 | 630,000,000.00 | | Sub-total of cash outflow due to investment activities | 384,916,950.30 | 630,545,266.38 | | Net cash flow generated by investment | -122,187,005.10 | 10,246,986.67 | | III. Cash flow generated by financing | | | | Cash received as investment | | | | Cash received as loans | | | | 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 | 79,933.50 | 400,527.00 | | Sub-total of cash outflow due to financing activities | 79,933.50 | 400,527.00 | | Net cash flow generated by financing | -79,933.50 | -400,527.00 | | IV. Influence of exchange rate alternation on cash and cash equivalents | | | | V.Net increase of cash and cash equivalents | -102,430,316.89 | -6,667,008.66 | | Add: balance of cash and cash equivalents at the beginning of term | 113,560,327.21 | 27,979,338.37 | | VI ..Balance of cash and cash equivalents at the end of term | 11,130,010.32 | 21,312,329.71 |
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd. April 28,2021
|
