深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Shenzhen Victor Onward Textile Industrial Co., Ltd.
The Third Quarterly Report 2014
October 2014
1
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
1. Important Notes
The Board of Directors，the Supervisory Committee, the directors, the supervisors, and executives of the
Company guarantee that there are no significant omissions, fictitious or misleading statements carried in the
Quarterly Report and we will accept individual and joint responsibilities for the truthfulness, accuracy and
completeness of the Quarterly Report.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Hu Yongfeng, The Company leader, Mr. Zhang Jinliang, Chief financial officer and the Mr..Ren Changzheng,
the person in charge of the accounting department (the person in charge of the accounting )declare: the financial
report carried in this report is authentic and completed.
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深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
II. Main financial data and changes of shareholders
（1）Main accounting data and financial Index
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed
and accounting error correction or not.
□ Yes √ No
End of the report period End of last year Year-on –year change
Gross assets（RMB） 198,177,211.00 170,502,789.00 16.23%
Net assets attributable to the
shareholders of the listed company 127,724,194.00 126,320,072.00 1.11%
（RMB）
Between beginning of
Year-on year Change from the same
This report period the year to the end of
change9%) period last year
the report period
Operating income（RMB） 2,954,687.00 14.07% 8,032,138.00 5.95%
Net profit attributable to the
shareholders of the listed company 434,763.00 -87.90% 1,173,093.00 -320.75%
（RMB）
Net profit after deducting of
non-recurring gain/loss
434,869.00 -182.19% 1,175,117.00 -152.52%
attributable to the shareholders of
listed company（RMB）
Cash flow generated by business
-- -- 4,348,453.00 55.99%
operation, net（RMB）
Basic earning per
0.003 -85.71% 0.007 -320.75%
share(RMB/Share)
Diluted gains per
0.003 -85.71% 0.007 -320.75%
share(RMB/Share)(RMB/Share)
Weighted average income/asset
0.34% -2.74% 0.87% 1.32%
ratio（%）
Items and amount of non-current gains and losses
√Applicable □Not applicable
In RMB
Amount from beginning of
Items Notes
the year to the end of the
3
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
report period
Net amount of non-operating income and expense except the
-2,024.00
aforesaid items
Total -2,024.00 --
For the Companys 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.
4
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
(II) Total number of shareholders and shareholding of top 10 shareholders by the end of the report period
(1) Total number of common shareholders and shareholding of top 10 common shareholders by the end of the
report period
In Shares
Total number of shareholders at the
9,932
end of report period
Particular about shares held by top ten shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Domestic Non-
Union Holdings
State-owned legal 25.51% 43,141,032 0
Co., Ltd.
person
STYLE-SUCCESS Foreign Legal
14.46% 24,466,029 0
LIMITED person
Rich Crown
Foreign Legal
Investment Co., 3.62% 6,114,556 0
person
Ltd.
Union Domestic Non-
Development State-owned legal 3.36% 5,681,089 0
Group Co., Ltd. person
Liuzhou Jiali Real
Domestic Non-
estate
State-owned legal 2.89% 4,890,000 0
Development Co.,
person
ltd.
Domestic Natural
Zeng Ying 1.22% 2,070,600 0
person
Shenzhen Textile
State-owned
(Group)Holdings 1.02% 1,722,794 0
Legal person
Ltd
Liuzhou Ruiheng Domestic Non-
Mechatronics Co., State-owned legal 1.02% 1,720,100 0
Ltd. person
Domestic Natural
Jiang Jiayuan 0.58% 978,057 0
person
KGI ASIA Foreign Legal
0.55% 927,450 0
LIMITED person
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深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
RMB Common
Union Holdings Co., Ltd. 43,141,032 43,141,032
shares
Foreign shares
placed in
STYLE-SUCCESS LIMITED 24,466,029 24,466,029
domestic
exchange
Foreign shares
placed in
Rich Crown Investment Co., Ltd. 6,114,556 6,114,556
domestic
exchange
RMB Common
Union Development Group Co., Ltd. 5,681,089 5,681,089
shares
Liuzhou Jiali Real estate RMB Common
4,890,000 4,890,000
Development Co., ltd. shares
Foreign shares
placed in
Zeng Ying 2,070,600 2,070,600
domestic
exchange
Shenzhen Textile (Group)Holdings RMB Common
1,722,794 1,722,794
Ltd shares
Liuzhou Ruiheng Mechatronics RMB Common
1,720,100 1,720,100
Co., Ltd. shares
RMB Common
Jiang Jiayuan 978,057 978,057
shares
Foreign shares
placed in
KGI ASIA LIMITED 927,450 927,450
domestic
exchange
Union Development Group Ltd. is the controlling shareholder of the above-mentioned
Explanation on associated
largest shareholder Shenzhen Union Holdings Ltd. and third shareholder Rich Crown
relationship
Investment Co., Ltd. The other tradable shareholders neither knew whether there exists
among the aforesaid shareholders
associated relationship between them.
6
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Among the shareholders above, Liuzhou Jiali Real estate Development Co., ltd. holds
Participation of top 10 unconditional 2,668,900 shares of the Company through stock account with credit transaction and
guarantee of Guohai Securities Co., Ltd. It holds 2, 221,100 shares through ordinary stock
account. Liuzhou Ruiheng Mechatronics Co., Ltd. holds 1,720,100 shares of the Company
common share shareholders in
through stock account with credit transaction and guarantee of Guohai Securities Co., Ltd.；
Jiang Jiayuan holds 324,090 shares of the Company through stock account with credit
securities margin trading (if any) transaction and guarantee of Guangfa Securities Co., Ltd. It holds 653,967 shares through
ordinary stock account.
Agreed re-purchasing by the Companys top 10 shareholders of common shares and top 10 shareholders of
unconditional common shares in the report period
□ Yes √ No
No agreed re-purchasing is performed by the Companys shareholders in the report period.
(2) Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of the
report period
□ Applicable√ Not applicable
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深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
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.Analysis of the reason for big change of the items of balance sheet of the Company as of the end of the report period.
In RMB
Items September 30,2014 December 31, 2013 Amount of increased / Proportion increased
decreased decreased
Monetary fund 93,890,512 63,502,910 30,387,602 47.85%
Bill receivable 0 1,500,000 -1,500,000 -100%
Other account receivable 49,971,992 22,663,345 27,308,647 120.50%
1.Monetary fund increased by RMB 30,387,602, owing to the guarantee fee RMB 33,000,000 charged from clients.
2.Bill receivable decreased by RMB 1,500,000, since it is due to acceptance.
3.Other account receivable increased by RMB 27,308,647, owing to the guarantee fee RMB 33,000,000 charged
from clients and Union Group loan principal payments of RMB 6,291,275.
2..In the report period, Analysis of the reason for big change of the items of profit statement
In the period from January 2014 to September 2014, the company earned operating income of RMB 8.03 million
on accumulative basis, which increased slightly compared with the same period last year of RMB 7,58 million;
Net profit is RMB 1.17 million which realized the turnaround compared with the same period last year.
⑴Analysis of reason for Increase of operating income：
Increase rental property lease area this period to achieve rental income growth.
⑵The Main reasons for profits:
Mainly Due to equity method accounted for earnings losses of the investment enterprises Hangzhou Bay
decreased RMB 1.59 million compared with last year.
3.Analysis of the reason for big change of the items of cash flow statement of the Company in the report period.
In the period from January 2014 to September 2014, Net increase of cash and cash equivalents increased by
RMB0.15 million over the previous year, mainly due to pay RMB10 million loan to principal Union Group over
the same period last year, Pay RMB 6,291,275 loan principal to Union Group in current period.
In RMB
Items This period Same period of last year Amount of Proportion
increased/decreased Increased/ decreased
Net cash flows arising form
Operating activities 4,348,453 2,787,681 1,560,772 55.99%
Net cash flows from
investing activities -95,474 4,992,909 -5,088,383 -101.91%
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深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Net cash flows from
financing activities -6,291,275 -10,000,000 3,708,725 -37.09%
The influence of change
in exchange rate -574,102 -544,224 -29,878 5.49%
Net increase of cash and
cash equivalents -2,612,398 -2,763,634 151,236 -5.47%
⑴At the end of the report period, Net cash flows from operating activities increase d by RMB 1,560,772 year on
year, Mainly due to increase income and savings；
⑵In the report period, Net cash flows from investing activities decreased by RMB5,088,383 year on year, mainly
due to the disposal of fixed assets Machinery and equipment same period last year；
⑶At the end of the report period, There were no net cash flows from financing activities increased by
RMB3,708,725 year on year, mainly due to Union Group principal payments ；
⑷At the end of the report period, the influence of change in exchange rate on cash and cash equivalents decreased
by RMB29,878 year on year;
⑸At the end of the report period, net increase in cash and cash equivalents increased by RMB151,236 year on
year.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal
√ Applicable □ Not applicable
During the period of report, On June 16, 2014, the company started planning the reorganization of the major assets.
The company disclosed the “Shenzhen Victor Onward Textile Industrial Co., Ltd. major assets and issue shares to
buy assets and plans to raise matching funds" and other related announcement on October 15, 2014. This plan
needs to be subject to the Board and the shareholders' meeting. Currently the major asset reorganization related
work above is under way. Details refer to October 15, 2014, "Securities Times", "Hong Kong Commercial Daily"
and www.cninfo.com.cn.
Description of the website for disclosing
Description of provisional announcement Date of disclosing
provisional announcements
On June 4, 2012, The company has
instituted court action against below three
companies at Jiangsu Province Higher
People's Court, and asked to terminate the
contracts and agreements signed with
Nanjing East Asia Textile Printing &
Announcement No. 2012-0614,Securities
Dyeing Co., Ltd., Nanjing East Asia
June 16, 2012 Times,Hong Kong Commercial Daily and
Investment & Development Group Co.,
www.cninfo.com.cn
Ltd. and Hong Kong Yaojunxing Co., Ltd.,
who shall pay RMB47,922,902.92 to the
company for the pecuniary loss of
implicative compensation and undertake the
costs of litigation. The company has
received the Su-Shang-Wai-Chu-Zi
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深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
No.0002 (2012) of “Notice on Indictment
Acceptance and Collegial Panel
Announcement” issued by Jiangsu Province
Higher People's Court on June 14, 2012.
The Defendant Nanjing East Asia Textile
Printing and Dyeing Co., Ltd. made
objection to the jurisdiction of this case
during the period of defence submission.
The court formed a collegial bench and
conducted examination according to law.
On December 24, 2013, Jiangsu Higher
People's Court issued Civil Ruling Paper to
reject the objection made by Nanjing East
Asia Textile Printing and Dyeing Co., Ltd.
about the jurisdiction. ((2013) SSWXCZ
No. 0001 Civil Ruling Paper of Jiangsu
Higher People's Court Civil Ruling Paper)
“The Announcement on a part of Shenzhen
Victor Onward Textile Industrial Co., Ltd.
Factory Buildings Collected by the
Government”, the Management Committee
of Shenzhen Dapeng District released “The
Decision Announcement on the
Management Committee of Shenzhen
Dapeng New District Collecting Houses”
Announcement No. 2014-0673,Securities
which says, the committee decided to
July 24, 2014 Times,Hong Kong Commercial Daily and
collect the related housing estates located in
www.cninfo.com.cn
Kuixin community for the need to build a
peoples hospital in Dapeng new district.
The housing estates which would be
collected this time include Kuichong
Companys part of the buildings which
havent got estate right certificate, and the
area of these buildings is 18,000 square
meters.
III．The commitments of the Company and its shareholders hold over 5% of the Companys total shares in the report year of
extending to the report year from previous year.
√ Applicable □ Not applicable
Commitment Time of making Period of
Commitment Contents Fulfillment
maker commitment commitment
Commitment on share reform Union Holding Committed June 3, 2009 In effect Under
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深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Co., Ltd. when the Fulfillment
restricted-for-sal
e 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-sa
le Original
Shares of Listed
Companies” and
the provisions of
the relevant
business
principles of
Shenzhen Stock
Exchange.
Commitment in the acquisition
Not applicable
report or the report on equity
11
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
changes
Commitment made upon the assets
Not applicable
replacement
Commitments made upon issuance Not applicable
Other commitments made to minority
Not applicable
shareholders
Executed timely or not? Yes
Detailed person for failing to execute and
Not applicable
the next plan（If any）
IV．Prediction of Business performance for January- March 2014
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. Securities investment
□ Applicable √ Not applicable
There is no securities investment during the report period.
State of holding stocks of other PLCs
□ Applicable √ Not applicable
The Company was not holding any stock of other PLCs as of the end of report period.
VI. Derivative investment
□ 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. Influence of the newly promulgated or amended accounting standards on our consolidated financial
statements
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深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
□ Applicable √ Not applicable
IV. Financial statements
I. Financial statements
1.Consolidated Balance sheet
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 93,890,512.00 63,502,910.00
Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Bill receivable 1,500,000.00
Account receivable
Prepayments 10,594.00 25,192.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Interest receivable 79,340.00
Dividend receivable
Other account receivable 336,514.00 311,279.00
Repurchasing of financial assets
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset
Total of current assets 94,237,620.00 65,418,721.00
Non-current assets：
Loans and payment on others behalf
disbursed
13
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Disposable financial asset 587,562.00 582,942.00
Expired investment in possess
Long-term receivable
Long term share equity investment 68,365,082.00 66,931,685.00
Property investment 21,587,292.00 23,458,153.00
Fixed assets 6,509,801.00 7,191,205.00
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,790,230.00 1,820,459.00
R & D petrol
Goodwill 5,099,624.00 5,099,624.00
Long-germ expenses to be amortized
Differed income tax asset
Other non-current asset
Total of non-current assets 103,939,591.00 105,084,068.00
Total of assets 198,177,211.00 170,502,789.00
Current liabilities
Short-term loans
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
Bill payable
Account payable 3,197,332.00 3,186,939.00
Advance payment 1,076,902.00 1,076,531.00
Selling of repurchased financial assets
Fees and commissions receivable
Employees wage payable 1,013,087.00 1,109,352.00
Tax payable 3,456,070.00 4,250,191.00
Interest payable
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深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Dividend payable 1,215,946.00 1,215,946.00
Other account payable 49,971,992.00 22,663,345.00
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
Other current liability 1,434,763.00 1,547,263.00
Total of current liability 61,366,092.00 35,049,567.00
Non-current liabilities：
Long-term loan 1,017,460.00 1,101,349.00
Bond payable
Long-term payable 8,295,913.00 8,230,694.00
Special payable
Expected liabilities
Differed income tax liability 675,180.00 702,735.00
Other non-current liabilities 836,792.00 836,792.00
Differed income 10,825,345.00 10,871,570.00
Total of liability 72,191,437.00 45,921,137.00
Owners equity
Share capital 169,142,356.00 169,142,356.00
Capital reserves 39,645,048.00 39,645,048.00
Less：Shares in stock
Special reserves
Other comprehensive income
Surplus reserves 26,704,791.00 26,704,791.00
Common risk provision
Undistributed profit -106,886,038.00 -108,059,131.00
Other Comprehensive Incomes -881,963.00 -1,112,992.00
Total of owners equity belong to the
127,724,194.00 126,320,072.00
parent company
Minority shareholders equity -1,738,420.00 -1,738,420.00
Total of owners equity 125,985,774.00 124,581,652.00
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深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Total of liabilities and owners equity 198,177,211.00 170,502,789.00
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
2. Balance sheet of Parent Company
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 44,163,899.00 10,557,501.00
Financial assets measured at fair value
with variations accounted into current
income account
Bill receivable 1,500,000.00
Account receivable
Prepayments
Interest receivable
Dividend receivable
Other account receivable 81,526,295.00 80,967,376.00
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset
Total of current assets 125,690,194.00 93,024,877.00
Non-current assets：
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment 36,788,953.00 36,788,953.00
Property investment 4,470,694.00 4,723,575.00
Fixed assets 4,384,712.00 4,384,712.00
Construction in progress
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深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,790,230.00 1,820,459.00
R & D petrol
Goodwill
Long-germ expenses to be amortized
Differed income tax asset
Other non-current asset
Total of non-current assets 47,434,589.00 47,717,699.00
Total of assets 173,124,783.00 140,742,576.00
Current liabilities
Short-term loans
Financial liabilities measured at fair
value with variations accounted into
current income account
Bill payable
Account payable 113,344.00 113,344.00
Advance payment 302,540.00 302,540.00
Employees wage payable 639,681.00 677,181.00
Tax payable 647,295.00 767,076.00
Interest payable
Dividend payable
Other account payable 34,241,346.00 1,158,902.00
Liabilities held for sales
Non-current liability due in 1 year
Other current liability 1,434,763.00 1,547,263.00
Total of current liability 37,378,969.00 4,566,306.00
Non-current liabilities：
Long-term loan
Bond payable
Long-term payable
Special payable
Expected liabilities
17
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Differed income tax liability 4,180,138.00 4,180,138.00
Other non-current liabilities 836,792.00 836,792.00
Total of Non-current liabilities 5,016,930.00 5,016,930.00
Total of liability 42,395,899.00 9,583,236.00
Owners equity
Share capital 169,142,356.00 169,142,356.00
Capital reserves 31,606,598.00 31,606,598.00
Less：Shares in stock
Special reserves
Other comprehensive income
Surplus reserves 26,309,287.00 26,309,287.00
Commonly risk Reserves
Undistributed profit -91,931,123.00 -91,500,667.00
Other Comprehensive Incomes -4,398,234.00 -4,398,234.00
Total of owners equity 130,728,884.00 131,159,340.00
Total of liabilities and owners equity 173,124,783.00 140,742,576.00
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
3.Consolidated Profit statement of the report period
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Item Report period Same period of the previous year
I. Income from the key business 2,954,687.00 2,590,258.00
Incl：Business income 2,954,687.00 2,590,258.00
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 2,704,382.00 2,642,927.00
Incl：Business cost 720,959.00 562,953.00
Interest expense
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深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
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 95,048.00 140,673.00
Sales expense
Administrative expense 2,056,474.00 2,160,795.00
Financial expenses -168,099.00 -221,494.00
Asset impairment loss
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss） 184,564.00 -476,435.00
Incl: investment gains from affiliates -857,157.00 71,083.00
Gains from currency exchange
（“-”for loss）
III. Operational profit（“-”for loss 434,869.00 -529,104.00
Add：Non-business income 4,894.00 1,721,300.00
Less：Non business expenses 5,000.00 -2,400,000.00
Incl：Loss from disposal of non-current
-1,918.00
assets
IV.Total profit(“-”for loss) 434,763.00 3,592,196.00
Less：Income tax expenses
V. Net profit（“-”for net loss 434,763.00 3,592,196.00
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the owners of
434,763.00 3,592,196.00
parent company
Minority shareholders equity
VI. Earnings per share： -- --
（I）Basic earnings per share 0.003 0.021
(II)Diluted earnings per share 0.003 0.021
VII. Other comprehensive income -31,560.00 -191,503.00
Including: other comprehensive income
-31,560.00 -191,503.00
items that will not be reclassified into
19
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
gains/losses in the subsequent
accounting period
Other comprehensive incomes that can
be reclassified into gains/losses in the
subsequent accounting period when
certain conditions are satisfied
VIII. Total comprehensive income 403,203.00 3,400,693.00
Total comprehensive income
attributable to the owner of the parent 403,203.00 3,400,693.00
company
Total comprehensive income
attributable minority shareholders
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
4. Profit statement of the Parent Company of the Report period
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Report period Same period of the previous year
I. Income from the key business 946,830.00 451,350.00
Incl：Business cost 84,294.00 84,294.00
Business tax and surcharge 33,459.00 48,828.00
Sales expense
Administrative expense 1,190,456.00 1,223,695.00
Financial expenses -453,871.00 -751,459.00
Asset impairment loss
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss）
Incl: investment gains from affiliates
II. Operational profit（“-”for loss 92,492.00 -154,008.00
Add：Non-business income 1,721,304.00
Less：Non business expenses 5,000.00 -2,400,000.00
20
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Incl：Loss from disposal of non-current
assets
III.Total profit(“-”for loss) 87,492.00 3,967,296.00
Less：Income tax expenses
IV. Net profit（“-”for net loss） 87,492.00 3,967,296.00
V. Earnings per share： -- --
（I）Basic earnings per share
(II)Diluted earnings per share
VI. Other comprehensive income
Including: other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Other comprehensive incomes that can
be reclassified into gains/losses in the
subsequent accounting period when
certain conditions are satisfied
VII. Total comprehensive income 87,492.00 3,967,296.00
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
5. Consolidated Profit statement between the beginning of the year and end of the report period
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I. Total operating income 8,032,138.00 7,580,884.00
Including：Operating income 8,032,138.00 7,580,884.00
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 7,898,742.00 9,270,962.00
Including：Operating cost 2,166,988.00 2,636,266.00
Interest expense
21
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Commission chare and commission
expense
Cash surrender value
Net amount of expense of
compensation
Net amount of withdrawal of
insurance contract reserve
Bonus expense of guarantee slip
Reinsurance expense
Operating tax and extras 351,188.00 371,339.00
Sales expenses
Administration expenses 5,607,384.00 6,210,853.00
Financial expenses -226,818.00 52,504.00
Losses of devaluation of assets
Add ：Changing income of fair value
Investment income 1,041,721.00 -547,518.00
Including：Investment income on
affiliate company and joint venture
Exchange income
III. Operating profit 1,175,117.00 -2,237,596.00
Add ：Non-operating income 4,894.00 1,725,229.00
Less：Non-operating expense 6,918.00 19,043.00
Including :Disposal loss of non-current
19,043.00
assets
IV. Total profit 1,173,093.00 -531,410.00
Less：Income tax
V. Net profit（“-”for net loss 1,173,093.00 -531,410.00
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the owners of
1,173,093.00 -531,410.00
parent company
Minority shareholders equity
VI. Earnings per share： -- --
（I）Basic earnings per share 0.007 -0.003
(II)Diluted earnings per share 0.007 -0.003
VII. Other comprehensive income 231,029.00 -800,754.00
22
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Including: other comprehensive income
items that will not be reclassified into
231,029.00 -800,754.00
gains/losses in the subsequent
accounting period
Other comprehensive incomes that can
be reclassified into gains/losses in the
subsequent accounting period when
certain conditions are satisfied
VIII. Total comprehensive income 1,404,122.00 -1,332,164.00
Total comprehensive income
attributable to the owner of the parent 1,404,122.00 -1,332,164.00
company
Total comprehensive income
attributable minority shareholders
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
6.Profit Statement of the Parent Between the Beginning of the Year and End of the Report Period
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Report period Same period of the previous year
I. Business income 1,988,275.00 1,359,820.00
Less：Business cost 252,880.00 252,880.00
Business tax and surcharge 105,214.00 125,097.00
Sales expense
Administrative expense 3,370,708.00 3,912,575.00
Financial expenses -1,315,071.00 -1,522,065.00
Asset impairment loss
Add：Gains from change of fir value
（“-”for loss）
Investment gain（“-”for loss）
Incl: investment gains from affiliates
II. Operational profit -425,456.00 -1,408,667.00
Add：Non-business income 1,723,304.00
23
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Less：Non business expenses 5,000.00 6,927.00
Incl：Loss from disposal of non-current
assets
III.Total profit -430,456.00 307,710.00
Less：Income tax expenses
IV. Net profit -430,456.00 307,710.00
V. Earnings per share -- --
（I）Basic earnings per share
(II)Diluted earnings per share
VI. Other comprehensive income
Including: other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
Other comprehensive incomes that
can be reclassified into gains/losses in
the subsequent accounting period
when certain conditions are satisfied
VII. Total comprehensive income -430,456.00 307,710.00
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
9,532,138.00 8,629,764.00
rending of services
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central bank
24
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
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
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
Other cash received from business
1,046,340.00 1,414,842.00
operation
Sub-total of cash inflow 10,578,478.00 10,044,606.00
Cash paid for purchasing of
0.00
merchandise and services
Net increase of client trade and advance 0.00
Net increase of savings n central bank
0.00
and brother company
Cash paid for original contract claim 0.00
Cash paid for interest, processing fee
0.00
and commission
Cash paid for policy dividend 0.00
Cash paid to staffs or paid for staffs 1,690,315.00 2,015,756.00
Taxes paid 1,558,050.00 1,614,901.00
Other cash paid for business activities 2,981,660.00 3,626,268.00
Sub-total of cash outflow from business
6,230,025.00 7,256,925.00
activities
Cash flow generated by business
4,348,453.00 2,787,681.00
operation, net
II.Cash flow generated by investing
Cash received from investment
0.00
retrieving
25
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Cash received as investment gains 0.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 0.00 5,087,000.00
long-term assets
Net cash received from disposal of
0.00
subsidiaries or other operational units
Other investment-related cash received 0.00
Sub-total of cash inflow due to
0.00 5,087,000.00
investment activities
Cash paid for construction of
fixed assets, intangible assets 95,474.00 94,091.00
and other long-term assets
Cash paid as investment 0.00
Net increase of loan against pledge 0.00
Net cash received from subsidiaries and
0.00
other operational units
Other cash paid for investment
0.00
activities
Sub-total of cash outflow due to
95,474.00 94,091.00
investment activities
Net cash flow generated by investment -95,474.00 4,992,909.00
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from
minor shareholders
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 6,291,275.00 10,000,000.00
Cash paid as dividend, profit, or
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities
Sub-total of cash outflow due to 6,291,275.00 10,000,000.00
26
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
financing activities
Net cash flow generated by financing -6,291,275.00 -10,000,000.00
IV. Influence of exchange rate
-574,102.00 -544,224.00
alternation on cash and cash equivalents
V.Net increase of cash and cash
-2,612,398.00 -2,763,634.00
equivalents
Add: balance of cash and cash
63,502,910.00 52,227,262.00
equivalents at the beginning of term
VI ..Balance of cash and cash
60,890,512.00 49,463,628.00
equivalents at the end of term
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
\
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
3,411,993.00 2,565,110.00
rending of services
Tax returned
Other cash received from business
1,571,917.00 2,244,972.00
operation
Sub-total of cash inflow 4,983,910.00 4,810,082.00
Cash paid for purchasing of
merchandise and services
Cash paid to staffs or paid for
1,131,507.00 1,419,576.00
staffs
Taxes paid 810,942.00 828,898.00
Other cash paid for business activities 2,435,063.00 2,259,264.00
Sub-total of cash outflow from business
4,377,512.00 4,507,738.00
activities
Cash flow generated by business 606,398.00 302,344.00
27
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 5,072,000.00
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
5,072,000.00
investment activities
Cash paid for construction of
fixed assets, intangible assets
and other long-term assets
Cash paid as investment
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
investment activities
Net cash flow generated by investment 5,072,000.00
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 10,000,000.00
Cash paid as dividend, profit, or
interests
Other cash paid for financing activities
Sub-total of cash outflow due to
10,000,000.00
financing activities
28
深圳中冠纺织印染股份有限公司 2014 年第三季度报告全文
Net cash flow generated by financing -10,000,000.00
IV. Influence of exchange rate
alternation on cash and cash equivalents
V.Net increase of cash and cash
606,398.00 -4,625,656.00
equivalents
Add: balance of cash and cash
10,557,501.00 17,293,510.00
equivalents at the beginning of term
VI ..Balance of cash and cash
11,163,899.00 12,667,854.00
equivalents at the end of term
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
II. Auditors report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
29
