Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2018
October 2018
1
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives of the Company
hereby guarantees that there are no misstatement, misleading representation or important omissions in this report
and shall assume joint and several liability for the authenticity, accuracy and completeness of the contents hereof.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr.Zhu Jun, Person in charge of the Company, Mr. Zhu Meizhu, Chief financial officer and the 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 Third Quarterly Report 2018
II. Basic information about the company
I.Main financial data and financial index
Indicate by tick mark whether the Company needs to retroactively restate any of its accounting data.
□ Yes √ No
As at the end of the reporting Changed （%）over end of
As at the end of last year
period prev. year
Gross assets（Yuan） 4,509,489,610.40 4,195,746,507.56 7.48%
Net assets attributable to the
shareholders of the listed company 2,413,288,148.00 2,397,474,603.79 0.66%
（Yuan）
Increase/decrease over Between beginning of
Changed （%）over
Reporting period the same period of last the year to the end of
end of prev. year
year（%） the report period
Operating income（Yuan） 533,270,021.40 61.11% 1,071,558,072.01 0.11%
Net profit attributable to the
shareholders of the listed company 2,621,782.96 -86.37% 12,268,759.11 -63.59%
（Yuan）
Net profit after deducting of
non-recurring gain/loss attributable
-7,620,712.88 -172.87% -18,438,027.80 -398.72%
to the shareholders of listed
company（Yuan）
Cash flow generated by business
-- -- -398,788,741.04 -87.30%
operation, net（Yuan）
Basic earning per
0.005 -87.50% 0.024 -63.91%
share(Yuan/Share)
Diluted gains per
0.005 -87.50% 0.024 -63.91%
share(Yuan/Share)
Weighted average income/asset
0.11% -0.70% 0.51% -0.92%
ratio（%）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB yuan
Amount (Year-beginning to
Items Notes
the end of the report period.)
Non-current asset disposal gain/loss(including the write-off part
-43,439.68
for which assets impairment provision is made)
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Govemment subsidy recognized in current gain and
loss(excluding those closely related to the Company’s business 9,092,751.66
and granted under the state’s policies)
Gain/loss on entrusting others with investment or asset
40,885,414.42
management
Other non-business income and expenditures other than the above 1,196,557.78
Less :Influenced amount of income tax 48,598.77
Influenced amount of minor shareholders’ equity (after tax) 20,375,898.50
Total 30,706,786.91 --
Explain the reasons if the Company classifies an item as an extraordinary gain/loss according to the definition in
the Explanatory Announcement No.1 on Information Disclosure for Companies Offering Their Securities to the
Public-Extraordinary Gains and Losses, or classifies any extraordinary gain/loss item mentioned in the said
explanatory announcement as a recurrent gain/loss item.
□ 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.
II.Total Shareholders and Shares Held by Top Ten Shareholders at the End of the Reporting Period
1. About Total Common Shareholders, Total Preference Shareholders with the Voting Power Recovered
and the Shares Held by Top Ten Common Shareholders
In shares
Total preference shareholders
Total number of common with the voting power
36,053 0
shareholders at the period-end recovered at the end of the
reporting period(if any)
Shares held by the top 10 shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Shenzhen
Investment State-owned legal
45.78% 234,069,436
Holdings Co., person
Ltd.
Shenzhen
Shenchao
State-owned
Technology 3.15% 16,129,032
Legal person
Investment Co.,
Ltd.
Fujiang Bairui Domestic Non- 0.77% 3,954,735
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Jiayuan, Asset State-owned
Management Co., Legal person
Ltd.－Bairui
Jiayuan Growth I
Fund
Domestic Nature
Sun Huiming 0.62% 3,192,767
person
Domestic Nature
Li Songqiang 0.56% 2,873,078
person
Domestic Nature
Zheng Junsheng 0.36% 1,830,000
person
Domestic Nature
Kuang Guowei 0.27% 1,387,900
person
Domestic Nature
Zhu Ye 0.22% 1,131,945
person
Domestic Nature
Deng Hua 0.21% 1,051,404
person
Domestic Nature
Hong Fan 0.20% 1,028,900
person
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
Shenzhen Investment Holdings Co., RMB Common
234,069,436 234,069,436
Ltd. shares
Shenzhen Shenchao Technology RMB Common
16,129,032 16,129,032
Investment Co., Ltd. shares
Fujiang Bairui Jiayuan, Asset
RMB Common
Management Co., Ltd.－Bairui 3,954,735 3,954,735
shares
Jiayuan Growth I Fund
Foreign shares
placed in
Sun Huiming 3,192,767 3,192,767
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 1,387,900 1,387,900
shares
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
RMB Common
Zhu Ye 1,131,945 1,131,945
shares
RMB Common
Deng Hua 1,051,404 1,051,404
shares
RMB Common
Hong Fan 1,028,900 1,028,900
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
Explanation on shareholders Company did not whether there is relationship between the top ten shareholders holding
participating in the margin trading non-restricted negotiable shares and between the top ten shareholders holding non-restricted
business negotiable shares and the top 10 shareholders or whether they are persons taking concerted
action defined in Regulations on Disclosure of Information about Shareholding of
Shareholders of Listed Companies.
The Company shareholder Fujiang Bairui Jiayuan Asset Management Co., Ltd.－Bairui
Jiayuan Growth I Fund holds 3,954,735 shares of the Company through stock account with
Participation of top 10 unconditional credit transaction ; The Company Shareholder Li Songqiang holds 1,837,653 shares of the
common share shareholders in Company through stock account with credit transaction ; The Company Shareholder Zhu Ye
securities margin trading (if any) holds1,031,945 shares of the Company through stock account with credit transaction ;
The Company Shareholder Deng Hua holds 1,051,404 shares of the Company through stock
account with credit transaction.
Whether top ten common shareholders or top ten common shareholders with un-restrict shares held have a
buy-back agreement dealing in reporting period.
□ Yes √ No
The top ten common shareholders or top ten common shareholders with un-restrict shares held of the Company
have no buy –back agreement dealing in reporting period.
2.Total number of preferred shareholders and shareholding of top 10 preferred shareholders by the end of
the report period
□ Applicable √Not applicable
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 closing balance of Notes receivable is RMB 138.0842 million, increased by 71.73% compared with the
beginning of the year, Mainly due to the increase in the production of the No. 6 line project of the second phase of
the polarizer and the increase in import and export trade business;
2.The closing balance of advance payment is RMB315.0868 million, increassed by 2290.68% compared with the
beginning of the year, Mainly due to the increase in advances in import and export trade during the period;
3.The closing balance of Fixed assets is RMB351.128 million, increassed by 53.51% compared with the
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
beginning of the year, mainly due to the carry-over of fixed assets in the current phase II of the TFT-LCD
polarizer；
4.The closing balance of construction in process is RMB314.2584 million, Decreased by 97.42% compared with
the beginning of the year, mainly due to the carry-over of fixed assets in the current phase II of the TFT-LCD
polarizer;
5. The closing balance of Other non-current assets is RMB129.2055 million, increased by 273.93% compared
with the beginning of the year, Mainly due to the payment of technical service fees;
6. The closing balance of Short-term borrowing is RMB300.4261 million, increased by 338.94% compared with
the beginning of the year, Mainly due to the addition of short-term bank loans;
7. The closing balance of Advance Payments is RMB20.1201 million, increased by 57.56% compared with the
beginning of the year, Mainly due to the increase in advances in export trade;
8. The closing balance of Non-current liabilities due within one year is RMB40 million, decreased by 100%
compared with the beginning of the year, Mainly due to the return of the loan;
9. The closing balance of Adminisstrative expenses is RMB26.0883 million, Increased by 38.45% compared with
the beginning of the year, Mainly due to the increase in research and development expenses and share payment
expenses for the current period;
10. Financial expenses in current period increased by RMB16.70 million and 75.73% year on year，Mainly due to
the increase in short-term borrowings in the current period, which led to an increase in interest expenses. The
appreciation of the Japanese yen led to an increase in exchange losses;
11. The net cash flows from operating activities in current period decreased by RMB185.8809 million and 87.31%
year on year，Mainly due to the increase in advances in trade activities;
12. The net cash flows from investment activities in current period increased by RMB27.6183 million and
158.88% year on year，Mainly due to the redemption of the entrusted financial management due in the current
period;
13. The net cash flows from financing activities in current period increased by RMB252.1144 million and
13,976.67% year on year，Mainly due to the increase in short-term loans in the current period.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
√ Applicable □ Not applicable
(1) Progress information about the second phase of No.6 line TFT-LCD polarizer project
In view of the fact that the second phase project of the No.6 line project has been transferred to the fixed
asset and entered the mass production stage, the project invested by the raised funds has been basically finished,
so the company will deposit the RMB 134,717,200 from the left raised funds into the original specific account for
raised funds for the subsequent expenditures of No.6 Line project, and use the rest left RMB 403.0727 million
(The specific amount is subject to the bank’s settlement on the day the funds are transferred)of the raised funds for
the ultra-large-size TV polarizer industrialization project (Line 7). The above matter have been reviewed and
approved by the Company's second provisional shareholders’ meeting of 2018. For details, please refer to the
Company’s announcements of No. 2018-34 and No. 2018-41.
(II) Progress in subsidiaries participating in the establishment of industrial funds
On November 16, 2017, the company's controlling subsidiary Shengbo Optoelectronic Co., Ltd signed the
Changxing Junying Equity Investment Partnership (Limited Partnership) Agreement with the fund manager
Huizhi Investment Management Co., Ltd, general partner Jinxin Investment Co., Ltd and other limited partners,
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
and co-sponsored the establishment of an industrial fund, focusing on the optical film industry chain related
projects related to the company's main business, with a fund size of RMB 50 million. Shengbo Optoelectronic Co.,
Ltd, as one of the limited partners of the industrial fund, subscribed for a capital contribution of RMB 28.5
million .For details Juchao Website:（http://www.cninfo.com.cn. (Announcement No.2017--55).
On February 10, 2018, Changxing Junying had accumulated 3 investment projects with a total investment of RMB
42 million.
Fund contribution
No Name Investment
（Ten thousand）
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
(III) Progress in construction of Guanhua Building
During the reporting period, the Company has completed the open-tender rental scheme of Guanhua Building
and is currently promoting the open-tender rental work of Guanhua Building. Meanwhile, the completion and
settlement work of the Guanhua Building has been sped up, as well as the real estate license has been handled
more quickly.
(IV) Progress of Nitto Denko's Technical Cooperation Contract
In order to introduce the world's leading Japanese polarizer company technology, we will build a wide-width
polarizer production line project for TFT-LCD with a width of 2,500mm. Shengbo Optoelectronic will introduce
the East Japan with Jinjiang Group and Kunshan Chi Mei on November 6, 2017. The related matters of the
2,500mm polarizer production line technology of the electrician and Nitto Denko signed the "Technical
Cooperation Contract". For details, please refer to http://www.cninfo.com.cn "About Subsidiary Signing the
Announcement of Technical Cooperation Contracts (2017-53). In the normal implementation of the Technical
Cooperation Contract, the company has communicated with Nitto Denko on the schedule, plant planning and
design, equipment specification parameters of the No. 7 line project. The company originally disclosed that it
intends to cooperate with professional investment institutions, initiated by Jinjiang Group, and Shengbo
Optoelectronic participated in the establishment of the polarizer industry fund, and the “project company”
established by the fund and Shengbo Optoelectronic Co., Ltd as the main construction investment construction No.
7 line project. After the establishment of the “project company”, the company will inherit the responsibility of
Shengbo Optoelectronic Co., Ltd in the Technical Cooperation Contract and pay the relevant technology licensing
fees. Currently, due to the immaturity of the establishment of the industrial fund, the company will use other
financing methods to invest the construction of Line 7 project, it also will not establish a “project company” as the
main body of construction. At present, the "Technical Cooperation Contract" is in normal performance.
(V) Progress in construction of No. 7 line project
As of the date of disclosure of this report, The No.7 Line project prepared to construct by the Company,
namely the ultra-large-size TV polarizer industrialization project (Line 7), has been reviewed and approved at the
13th meeting of the 7th Board of Directors and at the 2nd Provisional General Meeting of 2018. For details, please
refer to the Company’s announcements of No. 2018-33 and No. 2018-41. The company has been actively carrying
out the work including the planning and applying-for-construction of the No. 7 line project, the bidding
procurement of the host equipment and the environmental impact assessment approval of the project.
（VI）Progress of the company's capital increase and share expansion to introduce strategic investors
On June 1, 2018, the company held the twelfth meeting of the seventh board of directors, in which the “Proposal
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
about via capital increase and share-expanding to introduce strategic investors by the Company’s
Subsidiary-Shenzhen Shengbo Optoelectronic Technology Co., Ltd.” was reviewed and approved, and agreed that
the subsidiary Shengbo Optoelectronic Co., Ltd. can publicly solicit no more than 5 strategic investors on the
Shenzhen United Assets and Equity Exchange according to the regulations on state-owned assets and based on the
assets appraisal results recorded, and upon that finalize the strategic investors via competitive negotiations. At
present, the company is communicating with the state-owned assets management department and some potential
investors. Yet, there is still some uncertainty in this matter, and investors are advised to pay attention to the
investment risks. The company will further fulfill the corresponding review procedures and information disclosure
obligations according to the progress of the matter.
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
The company has no commitments completed in period and those without completed till lend of the period from
actual controller, shareholders, related parties, purchaser and companies.
IV. Anticipation of Business Performance of 2018
Alert of loss or significant change in net profit from the beginning of year to the end of next report period or
comparing with the same period of last year, and statement of causations.
□ Applicable √ Not applicable
V. Investment in securities
□ Applicable √ Not applicable
No securities investment in period.
VI. Entrusted Financial Management
√ Applicable □ Not applicable
Unit :Ten thousand yuan
Type Source Amount Unexpired balance Overdue amount
Bank financing product Self fund 8,000 0 0
Trust financing product Self fund 80,000 60,000 0
Bank financing product Raise funds 50,000 0 0
Total 138,000 60,000 0
Specific Circumstance of Trust Investment which is Large in single amount, low insecurity, poor in liquidity or
unguaranteed in high risk
√ Applicable □ Not applicable
Unit :Ten thousand yuan
Name Type of Product Amount Capital Start Expiry Funds Method Referen Expecte Actual The actual Amo Whet Whethe Summa
of Trustee Type Source Date Date Allocati of ce d profit recovery of unt of her r there ry of
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Trustee Organiz on Reward Annuali Income and profit and provi passe is any events
Organiz ation(or Determi zed (if any) loss loss during sion d the entruste and
ation (or Trustee) nation Rate of during the reporting for statut d related
Trustee Return the period impai ory financia search
Name) reportin rment proce l plan index
g (if dure in the (if any)
period any) future
Http://
Designat www.c
Quarte
Wanxi ed Use Trust ninfo.c
Januar Dece rly
ang Business financia Not om.cn:
Self y mber interes 2,860.
Trust Trust Manage 40,000 l 7.50% Unexpired Yes applic (Annou
fund 13,201 28,201 t 27
Co., ment product able ncemen
8 8 balanc
Ltd. Funding s t No.
e
Trust 2018-0
4)
Redemptio
n part of Http://
Designat the www.c
Quarte
Wanxi ed Use Trust Trust,200 ninfo.c
Februa Dece rly
ang Business financia million Not om.cn:
Self ry mber interes 5,058. 2,242.
Trust Trust Manage 40,000 l 7.50% yuan ,and Yes applic (Annou
fund 17,201 16,201 t 33 41
Co., ment product recovery able ncemen
7 8 balanc
Ltd. Funding s 22.42 t No.
e
Trust million 2017-2
as the 6)
profit
7,918. 2,242.
Total 80,000 -- -- -- -- -- -- -- 0 -- -- --
6 41
Entrusted financing appears to be unable to recover the principal or there may be other circumstances that
may result in impairment
□ Applicable √ Not applicable
VII. Investment in derivatives
□ Applicable √Not applicable
There is no derivative investment during the report period.
VIII. 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.
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
IX. External guarantee get out of line
□ Applicable √Not applicable
The Company has no external guarantee get out of the line in the Period
X. 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
IV. Financial Statement
I. Financial statement
1. Consolidated balance sheet
Prepared by: Shenzhen Textile (Holdings) Co., Ltd.
September 30,2018
In RMB yuan
Items At the end of term Beginning of term
Current asset：
Monetary fund 1,065,136,601.79 1,165,048,108.83
Settlement provision
Outgoing call loan
Financial assets measured at fair value
with variations accounted into current
income account
Derivative financial assets
Notes receivable and account receivable 337,328,963.85 236,710,196.70
Including： Notes receivable 6,741,658.16 44,207,119.00
Account receivable 330,587,305.69 192,503,077.70
Advance payment 328,841,906.25 13,755,152.05
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance contracts
receivable
Other account receivable 16,626,736.10 28,654,857.07
Repurchasing of financial assets
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Inventories 328,253,634.15 275,615,176.16
Assets held for sales
Non-current asset due in 1 year
Other current asset 944,659,697.77 1,148,689,874.10
Total of current assets 3,020,847,539.91 2,868,473,364.91
Non-current assets：
Loans and payment on other’s behalf
disbursed
Available for sale of financial assets 63,892,748.65 66,035,733.04
Expired investment in possess
Long-term receivable
Long term share equity investment 20,648,696.21 20,380,734.56
Property investment 169,723,534.06 173,105,806.27
Fixed assets 1,007,261,178.25 656,133,200.19
Construction in progress 8,311,791.46 322,570,173.73
Production physical assets
Gas & petrol
Intangible assets 38,233,644.21 38,870,673.40
development expenses
Goodwill
Long-germ expenses to be amortized 1,131,051.69 1,035,290.08
Deferred income tax asset 3,066,907.36 1,974,536.90
Other non-current asset 176,372,518.60 47,166,994.48
Total of non-current assets 1,488,642,070.49 1,327,273,142.65
Total of assets 4,509,489,610.40 4,195,746,507.56
Current liabilities
Short-term loans 389,064,282.40 88,638,181.45
Loan from Central Bank
Deposit received and hold for others
Call loan received
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Notes payable and account payable 92,414,139.86 97,104,697.18
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Advance receipts 55,072,612.60 34,952,567.83
Selling of repurchased financial assets
Fees and commissions receivable
Employees’ wage payable 19,923,735.12 29,503,260.65
Tax payable 10,423,560.90 6,935,262.57
Other account payable 243,049,055.30 200,826,343.58
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Liabilities held for sales
Non-current liability due in 1 year 40,000,000.00
Other current liability
Total of current liability 809,947,386.18 497,960,313.26
Non-current liabilities：
Long-term loan 40,000,000.00 40,000,000.00
Bond payable
Including：preferred stock
Sustainable debt
Long-term payable
Long-term payable employee’s
remuneration
Expected liabilities
Deferred income 131,130,313.06 134,767,064.72
Deferred income tax liability
Other non-current liabilities
Total non-current liabilities 171,130,313.06 174,767,064.72
Total of liability 981,077,699.24 672,727,377.98
Owners’ equity
Share capital 511,274,149.00 511,274,149.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 1,871,178,266.17 1,866,001,475.17
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Less：Shares in stock 27,230,679.00 27,230,679.00
Other comprehensive income 586,697.97 2,218,703.87
Special reserves
Surplus reserves 77,477,042.19 77,477,042.19
Common risk provision
Retained profit -19,997,328.33 -32,266,087.44
Total of owner’s equity belong to the
2,413,288,148.00 2,397,474,603.79
parent company
Minority shareholders’ equity 1,115,123,763.16 1,125,544,525.79
Total of owners’ equity 3,528,411,911.16 3,523,019,129.58
Total of liabilities and owners’ equity 4,509,489,610.40 4,195,746,507.56
Legal Representative: Zhu Jun Person in charge of accounting：Zhu Meizhu Accounting Dept Leader: Mu Linying
2.Parent Company Balance Sheet
In RMB yuan
Items At the end of term Beginning of term
Current asset：
Monetary fund 321,628,697.34 413,700,327.95
Financial assets measured at fair value with
variations accounted into current income
account
Derivative financial assets
Notes receivable and account receivable 541,340.49 449,536.21
Including：Notes receivable
Account receivable 541,340.49 449,536.21
Advance payment 144,445.00 10,000.00
Other account receivable 18,838,124.69 19,443,487.43
Inventories
Assets held for sales
Non-current asset due in 1 year
Other current asset 250,000,000.00 120,000,000.00
Total of current assets 591,152,607.52 553,603,351.59
Non-current assets：
Available for sale of financial assets 33,892,748.65 36,035,733.04
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Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Expired investment in possess
Long-term receivable
Long term share equity investment 1,989,379,324.88 1,984,849,008.23
Property investment 162,633,025.12 165,607,900.07
Fixed assets 26,922,467.14 28,119,990.58
Construction in progress
Production physical assets
Gas & petrol
Intangible assets 1,112,607.48 1,413,305.67
Development expenses
Goodwill
Long-germ expenses to be amortized
Deferred income tax asset 2,695,264.19 1,526,871.33
Other non-current asset 493,620.44
Total of non-current assets 2,216,635,437.46 2,218,046,429.36
Total of assets 2,807,788,044.98 2,771,649,780.95
Current liabilities
Short-term loans
Financial liabilities measured at fair value
with variations accounted into current
income account
Derivative financial liabilities
Notes payable and account payable 411,743.57 411,743.57
Advance receipts 639,024.58 639,024.58
Employees’ wage payable 6,097,679.30 8,495,538.21
Tax payable 6,257,990.61 3,247,028.64
Other account payable 140,392,477.08 134,018,771.57
Classified as held for sale debt
Non-current liability due in 1 year
Other current liability
Total of current liability 153,798,915.14 146,812,106.57
Non-current liabilities：
Long-term loan
Bond payable
Including：preferred stock
15
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Sustainable debt
Long-term payable
Long-term payable to employees
Expected liabilities
Deferred income 725,000.00 800,000.00
Deferred income tax liability
Other non-current liabilities
Total of Non-current liabilities 725,000.00 800,000.00
Total of liability 154,523,915.14 147,612,106.57
Owners’ equity
Share capital 511,274,149.00 511,274,149.00
Other equity instrument
Including：preferred stock
Sustainable debt
Capital reserves 1,605,797,459.96 1,599,381,854.96
Less：Shares in stock 27,230,679.00 27,230,679.00
Other comprehensive income 586,697.97 2,218,703.87
Special reserves
Surplus reserves 77,477,042.19 77,477,042.19
Retained profit 485,359,459.72 460,916,603.36
Total of owners’ equity 2,653,264,129.84 2,624,037,674.38
Total of liabilities and owners’ equity 2,807,788,044.98 2,771,649,780.95
3.Consolidated Income statement of the Report period
In RMB yuan
Items Amount in this period Amount in last period
I. Total revenue 533,270,021.40 331,001,389.67
Incl：Business income 533,270,021.40 331,001,389.67
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 554,021,386.71 315,237,699.19
Incl：Business cost 504,893,477.84 285,392,459.66
Interest expenses
16
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net amount provided as insurance
contract reserves
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 1,738,585.02 2,418,395.81
Sales expense 2,602,163.62 2,289,553.93
Administrative expense 22,119,362.08 18,247,199.60
R & D expenses 9,392,863.24 8,758,361.69
Financial expenses -1,498,297.07 -10,013,576.23
Including：Interest cost 4,023,167.51 900,858.38
Interest income -10,856,486.49 -8,685,673.15
Asset impairment loss 14,773,231.98 8,145,304.73
Add： Other gains 3,280,583.90 1,900,245.06
Investment gain（“-”for loss） 15,640,419.06 13,715,772.77
Incl: Investment gains from affiliates 770,496.99 -268,250.53
Fair value change income
Gains from currency exchange（“-”for
loss）
Assets disposal income
III. Operational profit（“-”for loss） -1,830,362.35 31,379,708.31
Add ：Non-operational income 1,216,652.61 -460,271.44
Less：Non-operational expenses 1,105.40 1,500,120.00
IV .Gross profit(“-”for loss) -614,815.14 29,419,316.87
Less：Income tax expenses 3,334,101.51 2,876,264.57
V. Net profit -3,948,916.65 26,543,052.30
(1) Categorized by going concern -3,948,916.65 26,543,052.30
(2) Termination of operating net profit
Net profit attributable to the owners of
2,621,782.96 19,241,712.46
parent company
Minority shareholders’ equity -6,570,699.61 7,301,339.84
VI. After tax net amount of
-1,242,238.23 -387,412.35
comprehensive income
Net of profit of other comprehensive -1,242,238.23 -387,412.35
17
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
income attributable to owners of the
parent company
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b -1,242,238.23 -387,412.35
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
-1,097,121.47 -103,501.96
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
-145,116.76 -283,910.39
ancial statements
6.Other
Net
after-tax of other comprehensive incom
e attributable to Minority shareholders’
equity
VII. Total comprehensive income -5,191,154.88 26,155,639.95
Total comprehensive income
attributable to the owner of the parent 1,379,544.73 18,854,300.11
company
Total comprehensive income
-6,570,699.61 7,301,339.84
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.005 0.04
18
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
(II)Diluted earnings per share 0.005 0.04
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.
Legal Representative: Zhu Jun Person in charge of accounting：Zhu Meizhu Accounting Dept Leader: Mu Linying
4.Income statement of the Parent Company of the Report period
In RMB yuan
Items Amount in this period Amount in last period
I. Turnover 17,545,119.19 16,416,906.14
Less：Operation cost 3,851,696.65 4,787,245.13
Taxes and surcharge 591,784.85 927,123.27
Sales expenses
Administrative expenses 6,614,949.78 5,712,438.73
R & D cost
Financial expenses -4,392,650.45 -3,566,528.25
Including：Interest cost
Interest income -4,390,835.23 -3,558,355.70
Impairment loss on assets 11,510.21 60,186.86
Add：Other gains 25,000.00
Investment gains(“-“for loss) 1,217,643.59 18,965,349.31
Including: investment income from
770,496.99 -268,250.53
associates and joint ventures
Fair value change income
Assets disposal income
II. Operational profit（“-”for loss） 12,110,471.74 27,461,789.71
Add ：Non-operational income 0.00 0.00
Less：Non -operational expenses 0.00
III.Gross profit(“-”for loss) 12,110,471.74 27,461,789.71
Less：Income tax expenses 2,761,780.38 2,012,344.53
IV. Net profit 9,348,691.36 25,449,445.18
(1) Categorized by going concern 9,348,691.36 25,449,445.18
(2) Termination of operating net profit
V.After tax net amount of
-1,242,238.23 -387,412.35
comprehensive income
（I）Other comprehensive income items
that will not be reclassified into
19
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（ II ）
Other comprehensive income that will b -1,242,238.23 -387,412.35
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
-1,097,121.47 -103,501.96
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
-145,116.76 -283,910.39
ancial statements
6.Other
VI. Total comprehensive income 8,106,453.13 25,062,032.83
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
5. Consolidated Income statement between the beginning of the year and end of the report period
In RMB yuan
Items Amount in this period Amount in last period
I. Total revenue 1,071,558,072.01 1,070,339,146.54
Including：Business income 1,071,558,072.01 1,070,339,146.54
Interest income
Insurance fee earned
Commission charge and commission
20
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
income
II. Total Business cost 1,116,730,918.66 1,062,920,000.87
Including：Business cost 984,012,078.21 963,009,655.45
Interest expense
Commission chare and commission
expense
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 5,579,141.14 9,007,413.66
Sales expenses 6,382,575.15 6,296,597.07
Administrative expense 63,358,481.81 48,152,890.61
R & D cost 30,581,963.06 19,699,239.17
Financial expenses -5,350,884.73 -22,050,932.81
Including：Interest cost 7,451,251.45 3,141,086.46
Interest income -20,792,762.67 -26,009,209.02
Asset impairment loss 32,167,564.02 38,805,137.72
Add：Other gains 9,092,751.66 7,044,206.96
Investment gain（“-”for loss） 44,193,129.21 36,670,808.16
Including: investment income from
1,387,442.66 -48,134.90
associates and joint ventures
Fair value change income
Gains from currency exchange（“-”for
loss）
Assets disposal income
III. Operational profit（“-”for loss） 8,113,034.22 51,134,160.79
Add ：Non-operational income 1,306,557.78 68,148.33
Less：Non-operational expenses 154,443.48 1,503,598.36
IV. Gross profit(“-”for loss) 9,265,148.52 49,698,710.76
Less：Income tax expenses 8,655,966.04 10,619,222.84
V. Net profit 609,182.48 39,079,487.92
(1) Categorized by going concern 609,182.48 39,079,487.92
(2) Termination of operating net profit
21
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Net profit attributable to the owners of
12,268,759.11 33,699,554.09
parent company
Minority shareholders’ equity -11,659,576.63 5,379,933.83
VI.After tax net amount of
-1,632,005.90 -461,441.26
comprehensive income
Net of profit of other comprehensive
income attributable to owners of the -1,632,005.90 -461,441.26
parent company
（I）Other comprehensive income items
that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（II）
Other comprehensive income that will b -1,632,005.90 -461,441.26
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
-24,767.61 -399,320.80
ancial statements
6.Other
Net
after-tax of other comprehensive incom
e attributable to Minority shareholders’
equity
VII. Total comprehensive income -1,022,823.42 38,618,046.66
Total comprehensive income
10,636,753.21 33,238,112.83
attributable to the owner of the parent
22
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
company
Total comprehensive income
-11,659,576.63 5,379,933.83
attributable minority shareholders
VIII. Earnings per share
（I）Basic earnings per share 0.024 0.0665
(II)Diluted earnings per share 0.024 0.0665
The current business combination under common control, the net profits of the combined party before achieved ne
t profit of RMB 0.00, last period the combined party realized RMB0.00.
6.Income Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB yuan
Items Amount in this period Amount in last period
I. Turnover 50,889,018.61 48,266,504.17
Less：Business cost 10,785,956.23 10,870,510.97
Taxes and surcharge 2,050,198.31 2,291,747.22
Sales expenses
Administrative expense 21,051,519.67 16,100,877.53
R & D cost
Financial expenses -12,225,921.71 -9,928,250.42
Including：Interest cost
Interest income -12,236,505.07 -9,924,251.20
Asset impairment loss 377,337.07 -3,591,943.81
Add：Other gains 75,000.00
Investment gain（“-”for loss） 2,409,363.41 21,112,051.38
Including: investment income from
1,387,442.66 -48,134.90
associates and joint ventures
Fair value change income
Assets disposal income
II. Operational profit（“-”for loss） 31,334,292.45 53,635,614.06
Add ：Non-operational income 79,604.02 1,510.00
Less：Non-operational expenses 1,582.15
III.Gross profit(“-”for loss) 31,413,896.47 53,635,541.91
Less：Income tax expenses 6,971,040.11 8,390,425.68
IV. Net profit 24,442,856.36 45,245,116.23
(1) Categorized by going concern 24,442,856.36 45,245,116.23
23
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
(2) Termination of operating net profit
V.After tax net amount of
-1,632,005.90 -74,028.91
comprehensive income
（I）Other comprehensive income
items that will not be reclassified into
gains/losses in the subsequent
accounting period
1.Re-measurement of defined benefit pl
ans of changes in net debt or net assets
2.Other comprehensive income under th
e equity method investee can not be recl
assified into profit or loss.
（ II ）
Other comprehensive income that will b -1,632,005.90 -74,028.91
e reclassified into profit or loss.
1.Other comprehensive income under th
e equity method investee can be reclassi
fied into profit or loss.
2.Gains and losses from changes in fair
value available for sale financial assets
3.Held-to-maturity investments reclassif
ied to gains and losses of available for s
ale financial assets
4.The effective portion of cash flow hed
ges and losses
5.Translation differences in currency fin
-24,767.61 -399,320.80
ancial statements
6.Other
VI. Total comprehensive income 22,810,850.46 45,171,087.32
VII. Earnings per share：
（I）Basic earnings per share
(II)Diluted earnings per share
7. Consolidated Cash Flow Statement Between the Beginning of the Year and End of the Report Period
In RMB yuan
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or 974,017,262.18 1,124,801,981.04
24
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
rending of services
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from central bank
Net increase of inter-bank loans from
other financial bodies
Cash received against original insurance
contract
Net cash received from reinsurance
business
Net increase of client deposit and
investment
Net increase of the financial assets that
are measured at fair value and whose
movement is counted to the current gain
and loss
Cash received as interest, processing fee
and commission
Net increase of inter-bank fund received
Net increase of repurchasing business
Tax returned 57,858,289.86 37,074,063.06
Other cash received from business
55,467,567.57 79,873,288.20
operation
Sub-total of cash inflow 1,087,343,119.61 1,241,749,332.30
Cash paid for purchasing of
1,308,829,199.47 1,031,529,910.73
merchandise and services
Net increase of client trade and advance
Net increase of savings n central bank
and brother company
Cash paid for original contract claim
Cash paid for interest, processing fee
and commission
Cash paid for policy dividend
Cash paid to staffs or paid for staffs 110,803,215.30 102,698,032.16
Taxes paid 33,844,922.30 128,736,026.79
Other cash paid for business activities 32,654,523.58 191,693,186.77
Sub-total of cash outflow from business 1,486,131,860.65 1,454,657,156.45
25
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
activities
Cash flow generated by business
-398,788,741.04 -212,907,824.15
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 3,264,969.53 5,713,598.83
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 26,797.81 1,510.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 2,921,223,209.77 2,448,723,939.45
Sub-total of cash inflow due to
2,924,514,977.11 2,454,439,048.28
investment activities
Cash paid for construction of fixed
assets, intangible assets and other 172,613,463.28 155,985,884.39
long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
2,706,900,000.00 2,281,069,933.33
activities
Sub-total of cash outflow due to
2,879,513,463.28 2,437,055,817.72
investment activities
Net cash flow generated by investment 45,001,513.83 17,383,230.56
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment from
minor shareholders
Cash received as loans 494,228,404.46 102,114,112.05
Cash received from bond placing
Other financing –related ash received 2,587,238.69 6,809,000.00
Sub-total of cash inflow from financing
496,815,643.15 108,923,112.05
activities
Cash to repay debts 238,398,742.89 106,864,967.87
26
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Cash paid as dividend, profit, or
4,683,129.69
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing activities -184,487.96 254,321.38
Sub-total of cash outflow due to
242,897,384.62 107,119,289.25
financing activities
Net cash flow generated by financing 253,918,258.53 1,803,822.80
IV. Influence of exchange rate
-97,897.33 -1,455,883.48
alternation on cash and cash equivalents
V.Net increase of cash and cash
-99,966,866.01 -195,176,654.27
equivalents
Add: balance of cash and cash
1,161,240,139.33 930,114,436.57
equivalents at the beginning of term
VI ..Balance of cash and cash
1,061,273,273.32 734,937,782.30
equivalents at the end of term
8. Cash Flow Statement of the Parent Between the Beginning of the Year and End of the Report Period
In RMB yuan
Items Amount in this period Amount in last period
I.Cash flows from operating activities
Cash received from sales of goods or
52,432,255.32 49,895,645.32
rending of services
Tax returned
Other cash received from business
9,186,847.78 16,881,970.49
operation
Sub-total of cash inflow 61,619,103.10 66,777,615.81
Cash paid for purchasing of
4,367,850.28 3,829,810.68
merchandise and services
Cash paid to staffs or paid for staffs 13,780,580.01 12,300,082.40
Taxes paid 10,360,700.34 12,437,816.73
Other cash paid for business activities 13,913,677.69 15,990,242.25
Sub-total of cash outflow from business
42,422,808.32 44,557,952.06
activities
Cash flow generated by business
19,196,294.78 22,219,663.75
operation, net
II.Cash flow generated by investing
27
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
Cash received from investment
retrieving
Cash received as investment gains 2,366,618.15 4,879,575.52
Net cash retrieved from disposal of
fixed assets, intangible assets, and other 24,597.81 1,510.00
long-term assets
Net cash received from disposal of
subsidiaries or other operational units
Other investment-related cash received 347,915,044.35 80,589,678.73
Sub-total of cash inflow due to
350,306,260.31 85,470,764.25
investment activities
Cash paid for construction of fixed
assets, intangible assets 1,574,185.70 3,972,272.58
and other long-term assets
Cash paid as investment
Net cash received from subsidiaries and
other operational units
Other cash paid for investment
460,000,000.00 160,000,000.00
activities
Sub-total of cash outflow due to
461,574,185.70 163,972,272.58
investment activities
Net cash flow generated by investment -111,267,925.39 -78,501,508.33
III.Cash flow generated by financing
Cash received as investment
Cash received as loans
Cash received from bond placing
Other financing –related ash received
Sub-total of cash inflow from
financing activities
Cash to repay debts
Cash paid as dividend, profit, or
interests
Other cash paid for financing activities
Sub-total of cash outflow due to
financing activities
Net cash flow generated by financing
IV. Influence of exchange rate
28
Shenzhen Textile(Holdings) Co., Ltd. The Third Quarterly Report 2018
alternation on cash and cash equivalents
V.Net increase of cash and cash
-92,071,630.61 -56,281,844.58
equivalents
Add: balance of cash and cash
413,700,327.95 440,685,610.11
equivalents at the beginning of term
VI ..Balance of cash and cash
321,628,697.34 384,403,765.53
equivalents at the end of term
II. Auditor‘s report
Whether the Q3 report is audited
□ Yes √ No
The Q3 Report is not audited.
The Director of Board of Shenzhen Textile (Holdings) Co., Ltd.
October 30, 2018
29
