Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
Shenzhen Textile (Holdings) Co., Ltd.
The First Quarterly Report 2019
April 2019
1
Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
Other directors attending the Meeting for annual report deliberation except for the followed:
Name of director absent Title for absent director Reasons for absent Attorney
Zhu Jun Chairman Working reason Zhu Meizhu
Mr.Zhu Jun, Person in charge of the Company, Mr. Zhu Meizhu, Chief financial officer and the Ms. Mu Linying ,
the person in charge of the accounting department (the person in charge of the accounting )hereby confirm the
authenticity and completeness of the financial report enclosed in this Quarterly Report .
This Report has been prepared in both Chinese and English , In case any discrepancy , the Chinese version shall
prevail.
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
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
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（RMB） 592,839,958.12 221,307,388.08 167.88%
Net profit attributable to the shareholders
10,381,938.06 5,616,717.00 84.84%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of 7,034,190.76 -4,641,384.38 251.55%
listed company（RMB）
Cash flow generated by business operation,
23,567,172.13 -35,263,573.85 166.83%
net（RMB）
Basic earning per share(RMB/Share) 0.0203 0.0110 84.55%
Diluted gains per
0.0203 0.0110 84.55%
share(RMB/Share)(RMB/Share)
Weighted average ROE(%) 0.43% 0.23% 0.20%
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 4,504,910,782.68 4,619,203,416.79 -2.47%
Net assets attributable to the shareholders
2,532,932,438.75 2,373,329,991.86 6.72%
of the listed company（RMB）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Changes of this period-end over
End of this period End of last period
same period-end of last year(%)
Non-current asset disposal gain/loss(including the write-off part
-638.80
for which assets impairment provision is made)
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business 5,552,132.00
and granted under the state’s policies)
Other non-operating income and expenditure except for the
3,080.57
aforementioned items
Less: Amount of influence of income tax 25,005.06
Amount of influence of minority interests（After tax） 2,181,821.41
Total 3,347,747.30 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Companies Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
None of Non-recurring gain /loss items recognized as recurring gain /loss/items as defined by the information
disclosure explanatory Announcement No.1- Non –recurring gain/loss in the report period.
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
II. Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered and the
Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders with
Total number of common
35,689 the voting power recovered at the 0
shareholders at the period-end
end of the reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Shenzhen
Investment State-owned legal
45.78% 234,069,436 0
Holdings Co., person
Ltd.
Shenzhen
Shenchao
State-owned
Technology 3.15% 16,129,032 0
Legal person
Investment Co.,
Ltd.
Domestic Nature
Sun Huiming 0.63% 3,224,767 0
person
Domestic Nature
Li Songqiang 0.56% 2,873,078 0
person
Domestic Nature
Zheng Junsheng 0.36% 1,830,000 0
person
Domestic Nature
Kuang Guowei 0.28% 1,453,000 0
person
Domestic Nature
Hong Fan 0.26% 1,328,900 0
person
Domestic Nature
Zhu Ye 0.22% 1,134,145 0
person
Domestic Nature
Li Zengmao 0.22% 1,101,200 0
person
Domestic Nature
Xiong Yan 0.20% 1,000,000 0
person
Shareholding of top 10 shareholders of unrestricted shares
Name of the shareholder Quantity of unrestricted shares held at the end of the Share type
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
reporting period Share type Quantity
Shenzhen Investment Holdings Co., RMB Common
234,069,436 234,069,436
Ltd. shares
Shenzhen Shenchao Technology RMB Common
16,129,032 16,129,032
Investment Co., Ltd. shares
Foreign shares
placed in
Sun Huiming 3,224,767 3,224,767
domestic
exchange
RMB Common
Li Songqiang 2,873,078 2,873,078
shares
RMB Common
Zheng Junsheng 1,830,000 1,830,000
shares
RMB Common
Kuang Guowei 1,453,000 1,453,000
shares
RMB Common
Hong Fan 1,328,900 1,328,900
shares
RMB Common
Zhu Ye 1,134,145 1,134,145
shares
RMB Common
Li Zengmao 1,101,200 1,101,200
shares
RMB Common
Xiong Yan 1,000,000 1,000,000
shares
Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of
Shenzhen Investment Holding Co., Ltd. and a person taking concerted action. Except this, the
Company did not whether there is relationship between the top ten shareholders holding
Related or acting-in-concert parties
non-restricted negotiable shares and between the top ten shareholders holding non-restricted
among shareholders above
negotiable shares and the top 10 shareholders or whether they are persons taking concerted
action defined in Regulations on Disclosure of Information about Shareholding of
Shareholders of Listed Companies.
Explanation on shareholders The Company Shareholder Li Songqiang holds 2,872,653 shares of the Company through
participating in the margin trading stock account with credit transaction ; The Company Shareholder Zhu Ye holds1,031,945
business(if any ) shares of the Company through stock account with credit transaction .
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
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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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
III Significant Events
I. Major changes of main accounting statement items and financial indicators in the reporting period, as
well as reasons for the changes
√ Applicable □ Not applicable
1.The ending balance of Construction in process Increased by RMB 10.2946 million and 65.90% over beginning
of period，Mainly because of the current investment increase in the line 7 of polarizer;
2.The ending balance of Short-term loans decreased by RMB 285.5699 million and 69.39% over beginning of
period，Mainly because that the current repayment of short-term loans leads to a decrease in the
balance of short-term loans;
3.Operation revenue in current period increased by RMB371.5326 million and 167.88% year on year，Mainly
because that current settlement of trade transactions leads to income increases;
4. Business costs in current period increased by RMB351.4396 million and 174.49% year on year，Mainly
because that current settlement of trade transactions leads to income increases;
5. Asset impairment loss in current period increased by RMB 3.2958 million and 112.40% year on year,
Mainly because that withdrawing inventory falling price reserves increase;
6.Investment gains in current period decreased by RMB 12.2767 million and 94.52% year on year, Mainly
because that there is no trust investment in the period, and the investment income decreases
accordingly;
7.Operating income in current period increased by RMB 5.9472 million and 84.19 % year on year, Mainly
because that current settlement of trade transactions affects profit of the period;
8. The net cash flows from operating activities in current period increased by RMB 58.8307 million and 166.83%
year on year，Mainly because that the payment for goods has increased compared with last year;
9. The net cash flows from financing activities in current period decreased by RMB297.7814 million and
2,991.13% year on year，Mainly because that repayment of bank loans has increased compared with
the same period;
10. The net cash flows from investment activities in current period decreased by RMB 413.4722 million and
96.06% year on year，Mainly because that the amount of funds recovered from matured finance
products in the current period has decreased compared with the previous period.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
(1) Progress in Investment and Construction of Polarizer Industrialization Project (Line 7) for Ultra-Large-Size
Television
During the reporting period, the project of Line 7 has completed the signing of construction contracts for
extension machines, AGV, coated pressure sensors and wastewater treatment equipment, and the civil engineering
construction of Line 7 began on April 18, 2019. As of March 31, 2019, the project of Line 7 has actually paid
354.307 million yuan for investment (157.627 million yuan for raising funds, 196.675 million yuan for self-owned
funds and government funds).
(2) The termination of Shengbo Optoelectronic Company's introduction of strategic investors
The company held the Twelfth Meeting of the seventh board of directors on June 1, 2018. It considered and
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
adopted the Bill on Shenzhen Shengbo Photoelectric Technology Co., Ltd. to increase capital and share to
introduce strategic investors. It agreed that Shengbo Photoelectric Company, a subsidiary company, would
increase capital and share by adding capital and taking the results of assets assessment as the basis, and in
accordance with the regulation of state-owned assets, conduct joint property rights transactions in Shenzhen. No
more than five strategic investors are publicly recruited and the final strategic investors are determined through
competitive negotiations. See Bulletin No. 2018-24 of Giant Tide Information Network
(http://www.cninfo.com.cn).
During the promotion of Shengbo Photoelectric Company's introduction of strategic investors, the company
actively consulted with interested investors to increase capital. However, due to the changes of domestic
investment environment and financial policy, the capital of financial market tends to be tense, investors'investment
decisions tend to be cautious, and the cooperation conditions of intending investors, the company continued to
promote Shengbo Photoelectric Company's introduction of capital expansion. Strategic investors are faced with
greater uncertainty. In view of the fact that the company has not yet reached an agreement with any interested
investors on specific capital increase cooperation, and taking into account the above factors, the company held the
16th meeting of the seventh board of directors on January 29, 2019, and considered and adopted the Bill on the
Subsidiary Shengbo Photoelectric Technology Co., Ltd. to terminate capital increase and share increase to
introduce strategic investors. The company agreed to terminate Shengboguang, the subsidiary. The introduction of
strategic investor issues in electricity capital increase and stock expansion. See Bulletin No. 2019-02 and No.
2019-03 of Juchao Information Network (http://www.cninfo.com.cn) for details.
(3) Matters relating to capital increase and related transactions of Shenzhen Guanhua Printing and Dyeing Co.,
Ltd.
In order to smooth the equity relationship between Shenzhen Guanhua Printing and Dyeing Co., Ltd. and
Guanhua Building, the company and Qiaohui Industrial Co., Ltd. signed an equity transfer agreement to transfer
5.16% of the shares of Shenzhen Guanhua Printing and Dyeing Co., Ltd. and completed the equity transfer. After
the transfer, the company and Qiaohui Industrial Co., Ltd. hold 50.16% and 49.84% of the shares of Shenzhen
Guanhua Printing and Dyeing Co., Ltd. On February 28, 2019, in order to improve the investment obligations of
the shareholders of Shenzhen Guanhua Printing and Dyeing Co., Ltd., the company and Qiaohui Industrial Co.,
Ltd. increased the capital of Shenzhen Guanhua Printing and Dyeing Co., Ltd. according to the proportion of
50.16% and 49.84% of the rights and interests occupied by the buildings of Guanhua Building, respectively, and
the corresponding evaluation value of the buildings of Guanhua Building was 49.9351 million yuan and 49.616
million yuan. Shenzhen Guanhua Printing and Dyeing Co., Ltd. signed the Capital Increase Agreement with
Qiaohui Industry Co., Ltd. and Shenzhen Guanhua Printing and Dyeing Co., Ltd. After the capital increase is
completed, Shenzhen Guanhua Printing and Dyeing Co., Ltd. is an enterprise jointly controlled by the company
and Qiaohui Industry Co., Ltd. See the announcement of Juchao Information Network (http://www.cninfo.com.cn)
Co., Ltd. 2019-07. Up to the disclosure date of this report, Shenzhen Guanhua Printing and Dyeing Co., Ltd. has
obtained the "Real Property Registration Certificate" of Guanhua Building, and the registration procedures for the
change of shareholding rights and the increase of registered capital have been completed.
Announcement Date of disclosure Website for disclosure
Matters on the end of capital and share
increase and introduction of strategic http//www.cninfo.com.cn. Announcement
January 30,2019
investors to the subsidiary SAPO No.2019-03
Photoelectric
Matters on the capital increase and related March 1, 2019 http//www.cninfo.com.cn. Announcement
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
transactions of the joint stock company, No.2019-07
Shenzhen Guanhua Printing & Dyeing Co.,
Ltd.
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 commitments
unfinished in implementation at the end of the reporting period
√Applicable □Not applicable
Time of
Commitmen making Period of Fulfill
Commitment Type Contents
t maker commit commitment ment
ment
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
Shenzhen Share
the future, and the decrease of the shares they Under
Commitment on Investment reduction August Sustained and
hold reaches 5% within 6 months after the first Fulfill
share reform Holdings commitme 4, 2006 effective
decrease, they will disclose an announcement ment
Co., Ltd. nt
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.
Commitment in the
acquisition report or
the report on equity
changes
Commitment made
upon the assets
replacement
Shenzhen Commitm Shenzhen Investment Holdings Co., Ltd. signed a
October Under
Commitments made Investment ents on “Letter of Commitment and Statement on Sustained and
9, Fulfill
upon issuance Holdings horizontal Horizontal Competition Avoidance” when the effective
2009 ment
Co., Ltd. competitio company issued non-public stocks in 2009.
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
n, related Pursuant to the Letter of Commitment and
transaction Statement, Shenzhen Investment Holdings Co.,
and capital Ltd. and its wholly owned subsidiary, subsidiaries
occupation 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 concurrently necessary for
Shenzhen Investment Holdings Co., Ltd. and its
wholly owned subsidiaries, subsidiaries under
control or other companies that have actual
control of it and Shenzhen Textile, Shenzhen
Textile shall have priority.
The commitments 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
Commitm
share-holding subsidiary. 2. Shenzhen Investment
ents on
Holdings and its share-holding subsidiaries or
Shenzhen horizontal
other enterprises owned the actual control rights Under
Investment competitio July 14, Sustained and
can't be directly and indirectly on behalf of any Fulfill
Holdings n, related 2012 effective
person, company or unit to engage in the same or ment
Co., Ltd. transaction
similar business in any districts in the future by
and capital
the form of share-holding, equity participation,
occupation
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
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
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.
1.The company undertakes not to provide loans,
loan guarantees, and any other forms of financial
assistance to the incentive objects for obtaining
Shenzhen
Other the restricted stocks in the incentive plan; 2. The Novemb Under
Equity incentive Textile(Hold December
commitme company undertakes that there is no circumstance er Fulfill
commitment ings) Co., 27,2021
nt that the stock incentive shall be prohibited as 27,2017 ment
Ltd.
stipulated in the provisions of Article 7 of the
“Measures for the Management of Stock
Incentives of Listed Companies”.
Other commitments
made to minority
shareholders
Executed timely or
Yes
not?
If the commitments
failed to complete
the execution when
expired, should
specifically explain Not applicable
the reasons of
unfulfillment and
the net stage of the
working plan
IV．Prediction of Business performance for January- June 2019
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
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Shenzhen Textile(Holdings) Co., Ltd. The First Quarterly Report 2019
V. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.
VI. Investments in derivatives
□ Applicable √ Not applicable
There is no derivative investment during the report period.
VII. The registration form of acceptance of investigation, communication and interview in the report
period for future reference
□ Applicable √ Not applicable
The Period has no research, communication and written inquiry from the investors in the report period.
VIII. Outward Guarantee against the Regulations
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
IX. Controlling shareholder and its related parties occupying non-business capital of the listed company
□ Applicable √Not applicable
There are no controlling shareholder and its related parties occupying non-business capital of the listed company
in Period
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
April 27,2019
13
