深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
Shenzhen Victor Onward Textile Industrial Co., Ltd.
The First Quarterly Report 2012
§1 Important Notice
1.1 The Board of Directors 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.
1.2 The financial report of the Company in this quarterly Report period has not been audited.
1.3.Mr. Hu Yongfeng, board chairman and General Manager of the Company, Mr.Zhang Jinliang,
Deputy General Manager of the Company, Mr. Ren Chengzheng , Manager of Financial Dept
represent and warrant the financial report in this quarterly report is true and complete.
§2 Basic Information
2.1 Highlights of Accounting Data and Financial Indicators
Unit：RMB
At the period-end of last
At the period-end of this Increase /decrease（％）
year
Total assets（RMB） 172,828,660.00 172,238,794.00 0.34%
Owner’s equity attributable to the shareholders of
118,804,462.00 119,047,096.00 -0.20%
the listed company （RMB）
Stock capital（Shares） 169,142,356.00 169,142,356.00 0.00%
Net assets per share attributable to the
shareholders of the listed company 0.70 0.70 0.00%
（RMB/shares）
Amount of the same period
Amount of current period Increase /decrease（％）
in last year
Total turnover(RMB) 2,500,956.00 3,169,625.00 -21.10%
Net profit attributable to owners of parent
-233,111.00 -4,143,863.00 -94.37%
company(RMB)
Net cash flow arising from operating
571,809.00 671,682.00 -14.87%
activities(RMB)
Net cash flow per share arising from
0.00 0.00 0.00%
operating activities(RMB/share)
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
Basic earnings per share(RMB/share) 0.00 -0.02 -100.00%
Diluted earnings per share(RMB/share) 0.00 -0.02 -100.00%
Weighted average return on equity（%） -0.20% -2.94% 2.74%
Weighted average return on equity after
-0.21% -2.95% 2.74%
deducting non-recurring gains and losses（%）
Items of non-current gains and losses
√ applicable □ not applicable
Unit：RMB
Amount (Year-beginning to the
Non-recurring gain and loss items Notes（If applicable）
end of the report period.)
Except the effective hedge business related to the normal operation
business of the Company, the profit and loss in the changes of fair
values caused by the holding of tradable financial assets and tradable
9,322.00
financial liabilities as well as the investment returns in disposal of
tradable financial assets, tradable financial liabilities and saleable
financial assets
Other non-operating income and expenditure beside for the above
5,174.00
items
Total 14,496.00 -
2.2 Top 10 shareholders and top 10 holders of unconditional shares
Unit：Shares
Total number of shareholders at the end of report
11,638
period
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Amount of tradable shares with
Full name of shareholder unrestricted conditions held at the end of Type of shares
report period
Union Holdings Co., Ltd. 43,141,032 RMB common shares
Foreign shares placed in domestic
STYLE-SUCCESS LIMITED 24,466,029
exchange
Shenzhen Textile (Group)Holdings Ltd 9,243,394 RMB common shares
Foreign shares placed in domestic
Rich Crown Investment Co., Ltd. 6,114,556
exchange
Union Development Group Co., Ltd. 5,821,089 RMB common shares
Liuzhou Jiali Real estate Development Co., ltd. 3,797,100 RMB common shares
Liuzhou Ruiheng Mechatronics Co., Ltd. 1,583,200 RMB common shares
Foreign shares placed in domestic
Shing Ying Chieh 1,550,362
exchange
Wang Zhifeng 977,000 RMB common shares
Foreign shares placed in domestic
KGI ASIA LIMITED 901,709
exchange
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
§3 Significant Events
3.1 Particular about large-margin change of main accounting statement item and financial index and its
reason.
√ 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. Unit: RMB
Items March 31,2012 December 31, 2011 Amount of increased / Proportion increased
Prepayments 45,964 27,548 18,416 66.85%
Interest receivable 0 38,378 -38,378 -100.00%
Other receivable 364,041 457,264 93,223 -20.39%
Other current liability 2,233,980 1,584,784 649,196 40.96%
⑴Prepayments increased by RMB 184.16 million and 66.85% mainly due to the increase in amortization of costs paid in advance；
⑵Interest receivable decreased by RMB 383.78 million mainly due to the final without accrued interest；
⑶Other receivable decreased by RMB 932.23 million mainly due to the recovery part of the debt；
⑷Other current liability Increased by RMB649,196 mainly due to accrued interest on a loan.
2.Analysis of the reason for big change of the items of profit statement as of the end of the report period.
In the period from January 2012 to March 2012,the company earned operating income of RMB 2.50 million on accumulative basis,
which decreased by RMB0.66 million and 21.09% year on year. Net profit is RMB- 0.23 million. compare to the data last year same
period, which loss decreased by RMB 3.92 million.
⑴Analysis of reason for decrease of operating income：
It was affected by continuous production suspense and rectification.
⑵The main reason for decreased of amount of loss：
Due to Equity method accounted for earnings losses of the investment enterprises
3.Analysis of the reason for big change of the items of cash flow statement of the Company in the report period.
Unit：RMB
Items This period Same period of last year Amount of Proportion
increased/decreased Increased/ decreased
Net cash flows arising form
Operating activities 571,809 671,682 -99,873 -14.87%
Net cash flows from
investing activities 4,819 -32,981 37,800 -114.61%
Net cash flows from
financing activities 0 0 0 0
The influence of change
in exchange rate -2,933 -293,053 290,120 -99.00%
Net increase of cash and
cash equivalents 573,695 345,648 228,047 65.98%
⑴At the end of the report period, Net cash flows from operating activities decreased by RMB 998.73 million
year on year；
⑵At the end of the report period, Net cash flows from investing activities increased by RMB 378 million year on year;
⑶At the end of the report period, There were no net cash flows from financing activities in the report period and the same period of
previous year;
⑷At the end of the report period, the influence of change in exchange rate on cash and cash equivalents increased by RMB 290,120
year on year;
⑸At the end of the report period, net increase in cash and cash equivalents increased by RMB228,047 year on year.
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
3.2.1 Non-standard Opinion
√ applicable □ not applicable
I. The special statement of the board of directors of the Company on the matters involved in the Unqualified Auditor's Report for 2011
with Highlighted Paragraphs
(I) Basic information
Shine Wing Certified Public Accountants issued unqualified auditor's report with paragraph of emphasized matters for the
Company's financial statements for 2011 Basic information of emphasized matters: Since March 2007, Shenzhen Victor Onward
Textile Industrial Co., Ltd. stopped production and dismissed most of workers. And most subsidiaries of the company had stopped
production and it maintained daily operation by house leasing. Shenzhen Victor Onward Textile Industrial Co., Ltd. had disclosed its
improvement measures in Note 13 of Financial Statement, but its sustainable operation ability is still uncertain. This paragraph does
not affect audit opinions that have been given.
(II) Basic opinions of certified public accountants on such matter:
Shine Wing Certified Public Accountants accepted entrustment, completed the audit of the financial statements of the Company for
2011 and issued unqualified auditor's report with paragraph of emphasized matters for the Company's financial statements for 2011. In
accordance with No. 14 Rule for Preparation and Report of Information Disclosure by Companies Publicly Issuing Securities -
Non-standard Unqualified Audit Opinions and Treatment of Matters Involved Therein, relevant notes are as follows:
As noticed by Shine Wing Certified Public Accountants during audit, Since March 2007, Shenzhen Victor Onward
Textile Industrial Co., Ltd. stopped production and dismissed most of workers. The company currently only had
house leasing business.
Except that Shenzhen East Asia Victor Onward Textile Printing and Dyeing Co., Ltd. is still operating
normally, other 5 subsidiaries controlled by the Company have stopped operation or are maintaining
daily operation by house property lease. It plans to invest in Nanjing East Asia Textile Printing and
Dyeing Co., Ltd. with part of machinery and equipment in 2007, Due to the reason on the side of the
other party of joint venture and change of industry prospect. we believe that the sustainable operation
ability of Shenzhen Victor Onward Textile Industrial Co., Ltd. is still uncertain, so I emphasized the
situation in the audit reports and issued unqualified auditor's report with paragraph of emphasized
matters. The matters involved in highlighted statement did not apparently violate Accounting
Standards for Business Enterprises and regulations on relevant information disclosure
standardization.
This special statement is issued by us according to relevant regulations of CSRC and shall not be used for other purpose. We and
the C.P.A. who performed this service shall not bear any liability for the consequences caused by its improper use.
(III) The opinions of the board of directors, supervisory committee and management of the Company
on this matter:
The board of directors, Supervisory Committee and managers believed that the printing and dyeing
plant of the company had stopped operation or maintained daily operation by house leasing. The
company was about to invest Nanjing East Asia Textile Printing & Dyeing Co., Ltd., but the
infrastructure projects was delayed.
(IV) Extent of influence of this matter on the Company:
This event greatly impacted the production & operation activities and sustainable development of
company, it made company had the situation of implementing other special treatment which was
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
stipulated in Shenzhen Stock Exchange Listing Rules , the stock of our company had been
implemented for other special treatment.
(V) The possibility of eliminating this matter and its influence:
Though the transfer of printing and dyeing business has been somewhat delayed, The board of
directors of company is positively studying the future development of company to enhance company's
sustainable operating ability.
(VI) The concrete measures of eliminating this matter and its influence
Company is communicating with joint venture partner and trying to minimize the losses and settle
this joint venture project issue properly.
II. The special statement of the Supervisory Committee of the Company on the matters involved in the Unqualified Auditor's Report
for 2011 with Highlighted Paragraphs
Shine Wing Certified Public Accountants issued unqualified auditor's report with highlighted paragraphs for the financial statements of
Shenzhen Victor Onward Textile Industrial Co., Ltd. for 2011. Therefore, the board of directors of the Company made a special
statement on the matters involved in the Unqualified Auditor's Report of the Company for 2011 with Highlighted Paragraphs. The
supervisory committee of the Company held the opinion that this statement matched its actual conditions and agreed to opinions of the
board of directors of the Company.
3.2.2 The Company provided funds to its controlling shareholder or related parties and provided guarantees in
violation of established procedures.
□applicable √ not applicable
3.2.3 Signing and performance of significant contracts for daily operation
□applicable √ not applicable
3.2.4 Other
√applicable □not applicable
(I)Since March 2007, Shenzhen Victor Onward Textile Industrial Co., Ltd. stopped production and
dismissed most of workers. The company currently only had some house leasing business.
5 subsidiaries controlled by the company had stopped the operation and were depending on house
lease to maintain. In 2007 the company intended to invest part of machineries and equipments to
Nanjing East Asia Textile Printing & Dyeing Co., Ltd. But due to the reasons of the joint venture party
and the prospect change in the industry, the investment plan was delayed.
The Company is communicating with joint venture partner and trying to minimize the losses and settle this joint venture project issue
properly.
(II) Progress of Work of Internal Control for First Quarter of the Company in 2012
1. Accomplishment of the Annual Internal Control Self-Evaluation in 2011
According to the “Internal Control Guideline in Listed Company”, “Fundamental Norms for Enterprise Internal Control” and the
requirement of relevant laws, regulations, rules and regulations, the company has, combining with the “Internal Control System” and
other relevant systems, implemented the annual self-evaluation for the effectiveness of internal control in 2011. This internal control
self-evaluation covers the main business and issues of the company, and the conclusion of the report is: the company has established a
relatively perfect internal control system for all the key levels including the internal decision-making, operation management, audit and
supervision, and formed a set of integrated and effective internal system after conducting the adjustment and improvement as per the
relevant laws and regulations and the actual development of the company and the relevant system design is reasonable compliance
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
which is implemented well in the practical work. Overall, the construction and implementation of annual internal control in 2011 are
good, and there are no major errors.
2. Definition of Organization, Work Plan and Implementation Program for the Annual Internal Control Norms in 2012
The company has set up the internal control work group based on Director as the head who leads personally, and the Director’s
secretary, Finance manager and Securities representative as the members, who fully and mainly grasps the improvement work of
internal control construction of the company, is in charge of the coordination, support and implementation of the internal control
construction and self-evaluation work, and concerns about the continuous improvement of internal control. As per the relevant
requirement of the securities regulatory department, the company has combined with the actual situation and formulated
“Implementation Program of Internal Control Norms for Shenzhen Victor Onward Textile Industrial Co., Ltd.”, which has been carried
out after examined and approved by the Board of Directors and the Board of Supervisors.
3. Constantly Commissioning and Collecting Opinions as per the Manual of Internal Control
At present, the company has completed the internal control construction basically, and the documents related to the internal control
system are being sped up to prepare and compile, the first draft of the company’s “Internal Control Manual” is being examined and
approved, commission simultaneously, and the company extensively collects the views and suggestions of leaders and all the
departments for the “Internal Control Manual”. Also, the company will conduct the amendment timely and the improvement
continuously in accordance with the actual effects and feedback for the commission operation.
3.3 The fulfillment of the commitment made by the Company , shareholders and the actual controller
Commitments made by the listed company and its directors, supervisors, senior executives, the shareholders with
holding above 5% shares and its actual controller in the report period, or lasting until the report period.
□applicable √ not applicable
3.4 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
Forenotice of earnings Losses
Year beginning to end of next Same period of the
Increase or decrease%
report period previous year
Estimated amount of
accumulative net -600.00 -- -400.00 -823.00 Decrease -27.09% -- -51.39%
profit(RMB’0000)
Basic earnings per shares
-0.04 -- -0.02 -0.05 Decrease -20.00% -- -60.00%
(Yuan/share)
Due to the effect of the printing and dyeing industry not yet recovery , accounted for earnings losses,
Notes to forenotice of earnings the accumulative net profit for the period from January 2012 to June 2012 is estimated to be about
RMB- 6 million to RMB -4 million.
3.5 Major events needs to be explained
3.5.1 Investment in securities
√applicable □not applicable
Unit：RMB
Percentage of
Initial total
Holding Book values at Profit and loss
Stock investment investment in
No Stock type Stock code quantity(Shar the end of during the report
abbreviation amount(Yuan this stock at
e) period(RMB) period(RMB)
) the end or
period(%)
1 Stock 601558 Winovel Wind 31,000.00 2,000 30,520.00 45.34% -480.00
2 Stock 002563 Semir Garment 37,900.00 1,000 36,790.00 54.66% -1,110.00
Other securities investment held at the end of the period 0.00 - 0.00 0.00% 0.00
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
Gain and loss from investment in securities already sold
- - - - 9,322.00
in the report period
Total 68,900.00 - 67,310.00 100% 7,732.00
Explanation Investment in securities ：
.
3.5.2 Reception of investigations , communications , or interviews
Discussion issue and offered
Reception Place Mode Type Object
information
Office of board Get a idea of whether the
Individual
January 3, 2012 secretary of the Telephone Individual company's main business has
shareholder
Company recovered.
Office of board
Individual Inquiry about the Company’s
February 21,2012 secretary of the Telephone Individual
shareholder operating status
Company
Inquiry about the
Office of board Company's whether the
Individual
February 23,2012 secretary of the Telephone Individual
shareholder Company has any plan
Company
for reorganization
Office of board Get a idea of whether the
Individual
March 20,2012 secretary of the Telephone Individual company's management has
shareholder
Company changed
3.6 Derivative Investment
□applicable √ not applicable
3.6.1 Particulars about derivatives investment held at the end of report period
□applicable √ not applicable
§4 Appendix
4.1 Balance sheet
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. March 31, 2012 Unit：RMB
元
Year-end balance
Year-beginning balance
Items
Consolidated Parent company Consolidated Parent company
Current asset：
Monetary fund 53,973,011.00 20,726,425.00 53,399,316.00 21,483,163.00
Settlement provision
Outgoing call loan
Trading financial assets 67,310.00 67,310.00 68,900.00 68,900.00
Bill receivable
Account receivable 723,417.00 744,712.00
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
Prepayments 45,964.00 27,548.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 38,378.00
Dividend receivable
Other account receivable 364,041.00 72,996,170.00 457,264.00 72,999,033.00
Repurchasing of financial
assets
Inventories 162,457.00 162,457.00 162,457.00 162,457.00
Non-current asset due in 1
year
Other current asset
Total of current assets 55,336,200.00 93,952,362.00 54,898,575.00 94,713,553.00
Non-current assets：
Loans and payment on
other’s behalf disbursed
Disposable financial asset 713,701.00 703,055.00
Expired investment in
possess
Long-term receivable
Long term share equity
64,196,444.00 36,788,953.00 63,192,614.00 36,788,953.00
investment
Property investment 33,522,224.00 5,313,628.00 34,373,451.00 5,397,921.00
Fixed assets 12,069,474.00 9,145,661.00 12,070,406.00 9,170,487.00
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,890,993.00 1,890,993.00 1,901,069.00 1,901,069.00
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 117,492,460.00 53,139,235.00 117,340,219.00 53,258,430.00
Total of assets 172,828,660.00 147,091,597.00 172,238,794.00 147,971,983.00
Current liabilities
Short-term loans
Loan from Central Bank
Deposit received and hold
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
for others
Call loan received
Trade off financial
liabilities
Bill payable
Account payable 3,239,077.00 113,337.00 3,239,221.00 113,337.00
Advance account received 2,775,470.00 1,999,540.00 2,775,476.00 1,999,540.00
Selling of repurchased
financial assets
Fees and commissions
receivable
Employees’ wage payable 563,802.00 533,092.00 590,220.00 559,510.00
Tax payable 2,972,790.00 1,693,769.00 2,700,348.00 1,617,284.00
Interest payable
Dividend payable 1,215,946.00 1,215,946.00
Other account payable 31,137,536.00 862,094.00 31,167,220.00 855,475.00
Reinsurance fee payable
Insurance contract
provision
Entrusted trading of
securities
Entrusted selling of
securities
Non-current liability due in
1 year
Other current liability 2,233,980.00 1,664,249.00 1,584,784.00 1,544,249.00
Total of current liability 44,138,601.00 6,866,081.00 43,273,215.00 6,689,395.00
Non-current liabilities：
Long-term loan 1,128,428.00 1,160,011.00
Bond payable
Long-term payable 8,485,812.00 8,486,859.00
Special payable
Expected liabilities
Differed income tax liability 808,235.00 4,180,138.00 808,335.00 4,180,138.00
Other non-current
836,792.00 836,792.00 836,792.00 836,792.00
liabilities
Total of non-current
11,259,267.00 5,016,930.00 11,291,997.00 5,016,930.00
liabilities
Total of liability 55,397,868.00 11,883,011.00 54,565,212.00 11,706,325.00
Owners’ equity
Share capital 169,142,356.00 169,142,356.00 169,142,356.00 169,142,356.00
Capital reserves 39,753,205.00 31,606,598.00 39,742,473.00 31,606,598.00
Less：Shares in stock
Special Reserve
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
Surplus reserves 26,704,791.00 26,309,287.00 26,704,791.00 26,309,287.00
Common risk provision
Undistributed profit -116,259,722.00 -87,453,690.00 -116,026,610.00 -86,396,616.00
Different of foreign currency
-536,168.00 -4,395,965.00 -515,914.00 -4,395,967.00
translation
Total of owner’s equity belong to
118,804,462.00 135,208,586.00 119,047,096.00 136,265,658.00
the parent company
Minor shareholders’ equity -1,373,670.00 -1,373,514.00
Total of owners’ equity 117,430,792.00 135,208,586.00 117,673,582.00 136,265,658.00
Total of liabilities and owners’
172,828,660.00 147,091,597.00 172,238,794.00 147,971,983.00
equity
4.2 Profit statement
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. January-March 2012 Unit：RMB
Report period Same period of the previous year
Items
Consolidated Parent company Consolidated Parent company
I.Total operating income 2,500,956.00 379,157.00 3,169,625.00 375,059.00
Including：Operating income 2,500,956.00 379,157.00 3,169,625.00 375,059.00
Interest income
Insurance gained
Commission charge and
commission income
II.Total operating cost 3,754,060.00 1,449,137.00 3,213,682.00 687,986.00
Including：Operating cost 1,087,742.00 119,502.00 1,761,091.00 120,656.00
Interest expense
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 93,516.00
Sales expenses 75,074.00
Administration
2,100,061.00 1,385,961.00 1,695,091.00 1,285,098.00
expenses
Financial expenses 397,667.00 -56,326.00 -242,500.00 -717,768.00
Losses of devaluation of assets
Add ：Changing income of fair
-1,590.00 -1,590.00
value
Investment income 1,016,409.00 9,322.00 -4,121,163.00 14,230.00
Including：Investment income
on affiliate company and joint
venture
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
Exchange income
III. Operating profit -238,285.00 -1,062,248.00 -4,165,220.00 -298,697.00
Add ：Non-operating income 5,174.00 5,174.00 8,466.00
Less：Non-operating expense
Including :Disposal loss of
non-current assets
IV. Total profit -233,111.00 -1,057,074.00 -4,156,754.00 -298,697.00
Less：Income tax
V. Net profit -233,111.00 -1,057,074.00 -4,156,754.00 -298,697.00
Net profit attributable to
-233,111.00 -1,057,074.00 -4,143,863.00 -298,697.00
owner’s equity of parent company
Minority shareholders’ gains and
-12,891.00
losses
VI. Earnings per share
（i）Basic earnings per share 0.00 -0.02
（ii）Diluted earnings per share 0.00 -0.02
VII. Other comprehensive income -9,522.00 0.00 0.00 0.00
VIII. Total comprehensive income -242,633.00 -1,057,074.00 -4,156,754.00 -298,697.00
Total comprehensive income
attributable to the owner of the -242,477.00 -1,057,074.00 -4,156,754.00 -298,697.00
parent company
Total comprehensive income
-156.00 0.00 0.00 0.00
attributable minority shareholders
For the enterprises under the same control consolidated in the report period, the net profit realized by the consolidate before the
consolidation is RMB 0.00.
4.3 Cash flow statement
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. January-March 2012 Unit：RMB
Report period Same period of the previous year
Items
Consolidated Parent company Consolidated Parent company
I.Cash flows from operating
activities
Cash received from sales of
2,529,969.00 399,989.00 2,594,850.00 375,059.00
goods or 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 trade
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
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
394,139.00 125,861.00 293,149.00 395,788.00
business operation
Sub-total of cash inflow 2,924,108.00 525,850.00 2,887,999.00 770,847.00
Cash paid for purchasing
226,666.00 226,666.00
of merchandise and services
Net increase of client trade
and advance
Net increase of savings
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
841,173.00 542,332.00 786,000.00 447,063.00
paid for staffs
Taxes paid 355,549.00 155,094.00 330,068.00 161,475.00
Other cash paid for
1,155,577.00 624,484.00 873,583.00 373,982.00
business activities
Sub-total of cash
outflow from business 2,352,299.00 1,321,910.00 2,216,317.00 1,209,186.00
activities
Cash flow generated by
571,809.00 -796,060.00 671,682.00 -438,339.00
business operation, net
II.Cash flow generated by
investing
Cash received from
investment retrieving
Cash received as
9,322.00 9,322.00
investment gains
Net cash retrieved from
disposal of fixed assets,
30,000.00 30,000.00
intangible assets, and other
long-term assets
Net cash received from
disposal of subsidiaries or
other operational units
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
Other investment-related
cash received
Sub-total of cash inflow
39,322.00 39,322.00
due to investment activities
Cash paid for construction of
fixed assets, intangible assets 34,503.00 32,981.00
and other 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 activities
Sub-total of cash
outflow due to investment 34,503.00 32,981.00
activities
Net cash flow generated
4,819.00 39,322.00 -32,981.00
by investment
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
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 financing activities
Net cash flow generated by
financing
IV.Influence of exchange rate
alternation on cash and cash -2,933.00 -293,053.00 -1,133.00
equivalents
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深圳中冠纺织印染股份有限公司 2012 年第一季度季度报告全文
V.Net increase of cash and
573,695.00 -756,738.00 345,648.00 -439,472.00
cash equivalents
Add: balance of cash and
cash equivalents at the 53,399,316.00 21,483,163.00 51,786,613.00 23,577,186.00
beginning of term
VI .Balance of cash and cash
53,973,011.00 20,726,425.00 52,132,261.00 23,137,714.00
equivalents at the end of term
4.4 Auditor’ report
Auditor’s opinions: Not audited
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