深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Shenzhen Victor Onward Textile Industrial Co., Ltd.
Quarterly Report for the Third Quarter of 2012
§1 Important notes
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.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Hu Yongfeng, Person in charge of the Company, Mr.Zhang Jinliang , Person in charge of accounting works,
Mr. Ren Changzheng ,CFO as well as person in charge of accounting institution represent and warrant the
financial and accounting report in the Third report is true and complete.
II. Basic Information of the Company
1.Main accounting data and indices
If retrospective adjustment has been carried our on financial reports of previous periods.
□ Yes √ No □ Not applicable
2012.9.30 2011.12.31 Increase /decrease（％）
Total assets（RMB） 169,530,701.00 172,238,794.00 -1.57%
Owner’s equity attributable to
the shareholders of the listed 112,770,792.00 119,047,096.00 -5.27%
company （RMB）
Stock capital（Shares） 169,142,356.00 169,142,356.00 0%
Net assets per share
attributable to the
0.67 0.7 -4.29%
shareholders of the listed
company（RMB/shares）
Increase/decrease in the Increase/decrease in the
report period compared January-September report period compared
July-September 2012
with the same period of 2012 with the same period of
the last year(%) the last year(%)
Total turnover(RMB) 2,254,074.00 -8.49% 7,273,861.00 -8.99%
Net profit attributable to
shareholders of the listed -1,963,118.00 -51.36% -6,150,254.00 -49.87%
company（RMB）
Net cash flow arising
from operating activities -- -- 788,412.00 -64.85%
（RMB）
Net cash flow per share
arising from operating -- -- 0 -64.85%
activities（yuan/shares）
Basic earnings per share
-0.01 -50% -0.04 -42.86%
（yuan/shares）
1
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Diluted earnings per
-0.01 -50% -0.04 -42.86%
share（yuan/shares）
Weighted average return
-1.72% 1.35% -5.3% 4.01%
on equity（%）
Weighted average Return
on net assets after
-1.68% 1.4% -2.75% 6.57%
deducting non-recurring
gains and losses（%）
Items and amount of non-current gains and losses deducted
√ applicable □ not applicable
Amount from the
beginning of year to
Items Remarks
the end of report period
（RMB）
Gain/loss form disposal of non-current assets 5,174.00
Tax refund, deduction and exemption that is examined and
approved by authority exceeding or has no official approval
document.
Governmental Subsidy accounted as current gain/loss,
except for those subsidies at with amount or quantity fixed
by the national government and closely related to the
Company’s business operation.
Capital adoption fee collected from non-financial
organizations and accounted into current gain/loss
Gain/loss from differences between the cost of enterprise
merger and the fair value of recognizable net asset of the
invested entities
Gain/loss from non-monetary assets
Gain/loss from commissioned investment or assets
Asser impairment provisions provided for force-majeur
Gain/loss from debt reorganization
Enterprise reorganizing expenses, such as employee
placement fee and integration fee
Gain/loss from trade departing from fair value
Current net gain/loss of subsidiaries under same control
from beginning of term till date of consolidation
Gain/loss generated by contingent liabilities without
connection with main businesses
In addition to normal business with the company effective
hedging related business, holders of tradable financial
assets, transactions and financial liabilities arising from
changes in fair value gains and losses, as well as the 11,022.00
disposal of trading of financial assets, trading financial
liabilities and available-for-sale financial assets gains return
on investment;
Restoring of receivable account impairment provision tested
individually
Gain/loss from commissioned loans
Gain/loss from change of fair value of investment property
measured at fair value in follow-up measurement
Influence of one-time adjustment made on current gain/loss
account according to the laws and regulations regarding tax
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
and accounting
Consigning fee received for cosigned operation
Net amount of non-operating income and expense except Main part is the Nanjing project litigation
-2,982,915.00
the aforesaid items attorney's fees
Other gain/loss items satisfying the definition of
non-recurring gain/loss account
Influenced amount of minority shareholders’ equity
Amount of influence of income tax
Total -2,966,719.00 --
The information of main accounting data and main financial indices of the company by the end of report
period..(Filling the adjustment explanation if retroactive adjusted)
Items Amount（RMB） Remarks
II. Total number of shareholders and top 10 holders of shareholders at the end of report period
Total number of shareholders at
11,232
the end of report period
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Amount of tradable shares with Type and amount
Full name of shareholder unrestricted conditions held at
the end of report period Type Amount
Union Holding Co., Ltd. 43,141,032 RMB Common shares 43,141,032
Foreign shares placed in
STYLE-SUCCESS LIMITED 24,466,029 24,466,029
domestic exchange
Shenzhen Textile
9,233,394 RMB Common shares 9,233,394
(Group)Holdings Co., Ltd
Rich Crown Investment Co., Foreign shares placed in
6,114,556 6,114,556
Ltd. domestic exchange
Union Development Group Co.,
5,821,089 RMB Common shares 5,821,089
Ltd.
Liuzhou Jiali Real Estate
4,215,937 RMB Common shares 4,215,937
Development Co., Ltd.
Foreign shares placed in
Zeng Ying 2,039,600 2,039,600
domestic exchange
Liuzhou Ruiheng Mechanical
1,710,000 RMB Common shares 1,710,000
& Electrical Co.,Ltd.
Foreign shares placed in
Shing Ying Chieh 1,550,362 1,550,362
domestic exchange
Foreign shares placed in
Zheng Lian 950,000 950,000
domestic exchange
Notes to the related relationship
between the shareholders or The controlling shareholder of the above-mentioned largest shareholder Shenzhen Union Holdings
their concerted action: Ltd. and fourth shareholder Rich Crown Investment Co., Ltd.. Is Union Developing Group Ltd.
3
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
3 Significant Events
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 September 30,2012 December 31,2011 Amount of increased / Proportion increased/
Decreased Decreased
Other current liability 4,572,241 1,584,784 2,987,457 188.51%
Other current liability increased by RMB2.98 million and 188.51%，mainly due to the Nanjing project litigation
attorney's fees 2.4 million
2.Analysis of the reason for big change of the items of profit statement as of the report period.
In the period from January 2011 to September 2012,the company earned operating income of RMB 7.27 million on accumulative
basis, which Decreased by RMB8.99 million year on year. Net profit attributable to owners’ equity of the Parent company
Net profit is RMB -6.15 million. compare to the data last year same period, which loss decreased by RMB 6.11 million and 49.87%.
⑴Analysis of reason for decrease of operating income：
Rental income has decreased.
⑵The main reason for decreased of amount of loss：
Mainly due to drop in revenue from a year earlier of Zhejiang Union Hangzhou Bay Ventures Co., Ltd., an affiliated Company.
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 788,412 2,243,234 -1,454,822 -64.85%
Net cash flows from investing activities -63,534 -101,101 37,567 -37.16%
Net cash flows from financing activities 0 0 0 0.00%
The influence of change in exchange rate
On cash and cash equivalents 222,976 -1,265,877 1,488,853 -117.61%
Net increase of cash and cash equivalents 947,854 876,256 71,598 8.17%
⑴At the end of the report period, net decrease in Net cash flows arising form Operating activities decreased by RMB 1.45 million
year on year，Mainly due to the increase of non-recurring charge in this report period；
⑵In the report period, Net cash flows from investing activities increased by RMB 30,000 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 indreased by RMB 1.48
million year on year;, Mainly due to RMB and HKD exchange Rate fluctuations；
⑸At the end of the report period, net increase in cash and cash equivalents increased by RMB 70,000 year on year.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal
reason.
1. Non-standard Opinion
√□applicable not applicable
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
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
production and it maintained daily operation by house leasing. But its sustainable operation ability is still uncertain. 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. .It plans to invest in Nanjing East Asia Textile Printing and Dyeing Co., Ltd. with part
of machinery and equipment, Due to the reason on the side of the other party of joint venture and change of industry prospect. 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 stipulated in Shenzhen Stock Exchange Listing Rules , the stock of our
company had been implemented for other special treatment. The Company is communicating with joint venture partner and trying to
minimize the losses and settle this joint venture project issue properly.
2 The Company provided funds to its controlling shareholder or related parties and provided guarantees in
violation of established procedures.
□applicable √ not applicable
3.Signing and performance of significant contracts for daily operation
√applicable □ not applicable
On June 4, 2012, The company has instituted court action against below three companies at Jiangsu Province
Higher People's Court, and asked to terminate the contracts and agreements signed with Nanjing East Asia Textile
Printing & Dyeing Co., Ltd., Nanjing East Asia Investment & Development Group Co., Ltd. and Hong Kong
Yaojunxing Co., Ltd., who shall pay RMB47,922,902.92 to the company for the pecuniary loss of implicative
compensation and undertake the costs of litigation. The company has received the Su-Shang-Wai-Chu-Zi No.0002
(2012) of “Notice on Indictment Acceptance and Collegial Panel Announcement” issued by Jiangsu Province
Higher People's Court on June 14, 2012.
The case hasn’t yet been tried, so the impact on the company temporarily can’t be judged. The company will
fulfill the obligation of information disclosure in time according to the progress of legal action.
The announcement of the resolutions of this meeting was published on Securities Times , Hong Kong Commercial
Daily and www.cninfo.com.cn on June 16, 2012.
4.Other
□applicable √ not applicable
III. Companies or shareholders holding more than 5% equity during the reporting period or the commitments
continued to the reporting period.
□applicable √ not applicable
IV. Prediction of Business performance for 2012.
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: Drop considerably
Type of date filled for the prediction
□ actual figures √ interval figures
Same period of
Year beginning to end of next
the previous Increase or decrease（%）
report period
year
Estimatedamount of -800 -- -500 -1,736 □ -- □Increase √ -71.2% -- -53.92%
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
accumulative net profit Decrease
（RMB’0000）
Basic earnings per shares □ -- □Increase √
-0.05 -- -0.03 -0.1 -70% -- -50%
（RMB/share） Decrease
Due to the effect of suspend production for rectification and the loss of real estate
Notes to forenctice of earnings projects of Zhejiang Union Hangzhou Bay Ventures Co., Ltd. accounted for on equity
basis.
V. Other significant events need to be explained
1.Securities investment
√applicable □ not applicable
Percentage of
Initial total Profit and
Book values
Stock investment Amount held investment in loss during
No Stock type Stock code at the end of
abbreviation amount(Yuan (shares) this stock at the report
period(RMB)
) the end or period(RMB)
period(%)
1 Stock 601558 Sinovel Wnd 31,000.00 4,000 22,880.00 52.69% -8,120.00
2 Stock 002563 Semir Garment 37,900.00 1,000 20,540.00 47.31% -17,360.00
Other stock investment held at the end of report term --
Gain/loss of disposed stock investment in the report term -- -- -- -- 11,022.00
Total 68,900.00 -- 43,420.00 100% -14,458.00
Disclosure Date of Announcement on Securities
Investment Approved by the Board of Directors
Disclosure Date of Announcement on Securities
Investment Approved by the Shareholders
Meeting
Statement on securities investment：
2. Derivative Investment
□applicable √ not applicable
3.Particulars about derivatives investment held at the end of report period
□applicable √ not applicable
4. The registration form of acceptance of investigation, communication and interview in the report period for
future reference
Content of
Date Place Mode Type Visitor discussion and
materials provided
Office of board Provide suggestions
July 4, 2012 secretary of the Telephone Individual Investor on the company
Company operation
Office of board Enquiry the
July 31, 2012 Telephone Individual Investor
secretary of the company situation
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Company
Office of board Enquiry the
September 17, 2012 secretary of the Telephone Individual Investor company's share
Company price
5.Issue of corporate bond
Have the company issued any corporate bond
□applicable √ not applicable
§4 Appendix
1 Financial statements
Consolidated or not：
√Yes □ No□not applicable
All figures in the notes to the financial statements are in RMB yuan except for otherwise stated.
1. Consolidated Balance sheet
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. Unit：RMB
Year-end balance
Items Year-beginning balance
Current asset：
Monetary fund 54,347,170.00 53,399,316.00
Settlement provision
Outgoing call loan
Trading financial assets 43,420.00 68,900.00
Bill receivable
Account receivable 744,712.00 744,712.00
Prepayments 15,446.00 27,548.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 38,378.00
Dividend receivable
Other account receivable 95,328.00 457,264.00
Repurchasing of financial assets
Inventories 162,457.00 162,457.00
Non-current asset due in 1 year
Other current asset
Total of current assets 55,408,533.00 54,898,575.00
Non-current assets：
Loans and payment on other’s behalf
disbursed
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Disposable financial asset 649,676.00 703,055.00
Expired investment in possess
Long-term receivable
Long term share equity investment 62,387,517.00 63,192,614.00
Property investment 32,109,172.00 34,373,451.00
Fixed assets 12,005,338.00 12,070,406.00
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,870,841.00 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 114,122,168.00 117,340,219.00
Total of assets 169,530,701.00 172,238,794.00
Current liabilities
Short-term loans
Loan from Central Bank
Deposit received and hold for
others
Call loan received
Trade off financial liabilities
Bill payable
Account payable 3,251,445.00 3,239,221.00
Advance account received 2,775,905.00 2,775,476.00
Selling of repurchased financial
assets
Fees and commissions receivable
Employees’ wage payable 711,154.00 590,220.00
Tax payable 2,936,609.00 2,700,348.00
Interest payable
Dividend payable 1,215,946.00 1,215,946.00
Other account payable 31,381,883.00 31,167,220.00
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year
8
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Other current liability 4,572,241.00 1,584,784.00
Total of current liability 46,845,183.00 43,273,215.00
Non-current liabilities：
Long-term loan 1,074,619.00 1,160,011.00
Bond payable
Long-term payable 8,561,395.00 8,486,859.00
Special payable
Expected liabilities
Differed income tax liability 815,434.00 808,335.00
Other non-current liabilities 836,792.00 836,792.00
Total of non-current liabilities 11,288,240.00 11,291,997.00
Total of liability 58,133,423.00 54,565,212.00
Owners’ equity
Share capital 169,142,356.00 169,142,356.00
Capital reserves 39,682,919.00 39,742,473.00
Less：Shares in stock
Special reserve
Surplus reserves 26,704,791.00 26,704,791.00
Common risk provision
Undistributed profit -122,176,864.00 -116,026,610.00
Different of foreign currency translation -582,410.00 -515,914.00
Total of owner’s equity belong to the
112,770,792.00 119,047,096.00
parent company
Minor shareholders’ equity -1,373,514.00 -1,373,514.00
Total of owners’ equity 111,397,278.00 117,673,582.00
Total of liabilities and owners’ equity 169,530,701.00 172,238,794.00
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
2. Balance sheet of the Parent Company
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. Unit：RMB
Year-end balance
Items Year-beginning balance
Current asset：
Monetary fund 19,432,627.00 21,483,163.00
Trading financial assets 43,420.00 68,900.00
Bill receivable
Account receivable
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Prepayments
Interest receivable
Dividend receivable
Other account receivable 72,761,463.00 72,999,033.00
Inventories 162,457.00 162,457.00
Non-current asset due in 1 year
Other current asset
Total of current assets 92,399,967.00 94,713,553.00
Non-current assets：
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity investment 36,788,953.00 36,788,953.00
Property investment 5,145,041.00 5,397,921.00
Fixed assets 9,145,661.00 9,170,487.00
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,870,841.00 1,901,069.00
R & D petrol
Goodwill
Long-germ expenses to be
amortized
Differed income tax asset
Other non-current asset
Total of non-current assets 52,950,496.00 53,258,430.00
Total of assets 145,350,463.00 147,971,983.00
Current liabilities
Short-term loans
Trade off financial liabilities
Bill payable
Account payable 113,337.00 113,337.00
Advance payment 1,999,540.00 1,999,540.00
Employees’ wage payable 646,443.00 559,510.00
Tax payable 1,676,271.00 1,617,284.00
Interest payable
Dividend payable
Other account payable 659,348.00 855,475.00
Non-current liability due in 1 year
Other current liability 4,304,248.00 1,544,249.00
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Total of current liability 9,399,187.00 6,689,395.00
Non-current liabilities：
Long-term loan
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax liability 4,180,138.00 4,180,138.00
Other non-current liabilities 836,792.00 836,792.00
Total of Non-current liabilities 5,016,930.00 5,016,930..00
Total of liability 14,416,117.00 11,706,325.00
Owners’ equity
Share capital 169,142,356.00 169,142,356.00
Capital reserves 31,606,598.00 31,606,598.00
Less：Shares in stock
Special reserves
Surplus reserves 26,309,287.00 26,309,287.00
Common risk provision
Undistributed profit -96,123,895.00 -90,792,583.00
Different of foreign currency translation
Total of owners’ equity 130,934,346.00 136,265,658.00
Total of liabilities and owners’ equity 145,350,463.00 147,971,983.00
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
3. Profit statement（Consolidated）of the report period
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I. Total operating income 2,254,074.00 2,463,266.00
Including：Operating income 2,254,074.00 2,463,266.00
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 2,754,263.00 2,759,981.00
Including：Operating cost 671,888.00 1,216,540.00
Interest expense
Commission chare and commission
expense
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
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 110,834.00
Sales expenses
Administration expenses 2,046,048.00 1,712,590.00
Financial expenses -74,507.00 -881,765.00
Losses of devaluation of assets 712,616.00
Add ：Changing income of fair value -11,970.00 -14,116.00
Investment income -1,450,098.00 -3,750,137.00
Including：Investment income on affiliate
company and joint venture
Exchange income
III. Operating profit -1,962,257.00 -4,060,968.00
Add ：Non-operating income 39.00 -81.00
Less：Non-operating expense 900.00 -14.00
Including :Disposal loss of non-current
assets
IV. Total profit -1,963,118.00 -4,061,035.00
Less：Income tax
V. Net profit -1,963,118.00 -4,061,035.00
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to owner’s equity of
-1,963,118.00 -4,036,157.00
parent company
Minority shareholders’ gains and
losses
VI. Earnings per share： -- --
（I）Basic earnings per share -0.01 -0.02
(II)Diluted earnings per share -0.01 -0.02
VII. Other comprehensive income -6,853.00 -2,727,468.00
VIII. Total comprehensive income -1,969,971.00 -6,788,503.00
Total comprehensive income attributable to
-1,969,971.00 -6,788,503.00
the owner of the parent company
Total comprehensive income attributable
minority shareholders
The merging party realized net profit of RMB 0.00 before consolidation under same control in this period.
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
4. Profit statement（Parent Company）of the report period
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I. Business income 392,370.00 375,543.00
Less：Business cost 120,778.00 118,588.00
Business tax and surcharge
Sales expense
Administrative expense 1,174,252.00 1,103,048.00
Financial expenses -329,257.00 -1,273,168.00
Asset impairment loss 712,616.00
Add：Gains from change of fir
-11,970.00 -14,116.00
value （“-”for loss）
Investment gain（“-”for loss） -136.00
Incl: investment gains from
affiliates
II. Operational profit -585,373.00 -299,793.00
Add：Non-business income
Less：Non business expenses 900.00 -6.00
Incl：Loss from disposal of
non-current assets
III.Total profit -586,273.00 -299,787.00
Less：Income tax expenses
IV. Net profit -586,273.00 -299,787.00
V. Earnings per share -- --
（I）Basic earnings per share
(II)Diluted earnings per share
VII. Other comprehensive income 0.00 -2,834,412.00
VIII. Total comprehensive income -586,273.00 -3,134,199.00
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
5. Profit statement（Consolidated）from year-begin to the end of report period
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I. Total operating income 7,273,861.00 7,992,076.00
Including：Operating income 7,273,861.00 7,992,076.00
Interest income
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Insurance gained
Commission charge and commission
income
II. Total operating cost 9,423,870.00 9,773,796.00
Including：Operating cost 2,871,722.00 3,547,980.00
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 269,633.00
Sales expenses
Administration expenses 6,404,547.00 6,028,863.00
Financial expenses -122,032.00 -515,663.00
Losses of devaluation of assets 712,616.00
Add ：Changing income of fair value -25,480.00 -62,718.00
Investment income -1,021,452.00 -10,484,864.00
Including：Investment income on affiliate
company and joint venture
Exchange income
III. Operating profit -3,196,941.00 -12,329,302.00
Add ：Non-operating income 29,602.00 8,332.00
Less：Non-operating expense 2,982,915.00 1,503.00
Including :Disposal loss of non-current
assets
IV. Total profit -6,150,254.00 -12,322,473.00
Less：Income tax
V. Net profit（“-”for net loss -6,150,254.00 -12,322,473.00
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the
-6,150,254.00 -12,268,678.00
owners of parent company
Minority shareholders’ equity -53,795.00
VI. Earnings per share： -- --
（I）Basic earnings per share -0.04 -0.07
(II)Diluted earnings per share -0.04 -0.07
VII. Other comprehensive income -126,050.00 -6,115,769.00
VIII. Total comprehensive income -6,276,304.00 -18,438,242.00
Total comprehensive income attributable to
-6,276,304.00 -18,438,242.00
the owner of the parent company
Total comprehensive income attributable
minority shareholders
The merging party realized net profit of RMB 0.00 before consolidation under same control that occurred from year-begin to end of
this period.
14
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
6. Profit statement（Parent company）from year-begin to the end of report period
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I. Business income 1,133,937.00 1,100,856.00
Less：Business cost 360,156.00 358,137.00
Business tax and surcharge
Sales expense
Administrative expense 4,075,596.00 3,805,251.00
Financial expenses -962,700.00 -2,562,923.00
Asset impairment loss 712,616.00
Add：Gains from change of fir
-25,480.00 -62,718.00
value （“-”for loss）
Investment gain（“-”for loss） 11,022.00 14,005.00
Incl: investment gains from
affiliates
II. Operational profit -2,353,573.00 -1,260,938.00
Add：Non-business income 5,174.00
Less：Non business expenses 2,982,915..00 523.00
Incl：Loss from disposal of
non-current assets
III.Total profit -5,331,314.00 -1,261,461.00
Less：Income tax expenses
IV. Net profit -5,331,314.00 -1,261,461.00
V. Earnings per share -- --
（I）Basic earnings per share
(II)Diluted earnings per share
VII. Other comprehensive income -6,209,272.00
VIII. Total comprehensive income -5,331,314.00 -7,470,733.00
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
15
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
7. Cash flow statement（Consolidated）from year-begin to the end of report period
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
7,324,251.00 8,340,213.00
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 financial
asset disposal
Cash received as interest, processing
fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing
business
Tax returned
Other cash received from business
945,178.00 650,651.00
operation
Sub-total of cash inflow 8,269,429.00 8,990,864.00
Cash paid for purchasing of
735,503.00
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
2,200,990.00 2,310,675.00
staffs
Taxes paid 1,435,562.00 1,378,168.00
Other cash paid for business
3,844,465.00 2,323,284.00
activities
16
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Sub-total of cash outflow from
7,481,017.00 6,747,630.00
business activities
Cash flow generated by business
788,412.00 2,243,234.00
operation, net
II.Cash flow generated by investing
Cash received from investment
retrieving
Cash received as investment gains 21,841.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and 30,000.00 10,000.00
other long-term assets
Net cash received from disposal of
subsidiaries or other operational
units
Other investment-related cash
received
Sub-total of cash inflow due to
51,841.00 10,000.00
investment activities
Cash paid for construction of
fixed assets, intangible assets 115,375.00 111,101.00
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
115,375.00 111,101.00
investment activities
Net cash flow generated by
-63,534.00 -101,101.00
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
0.00 0.00
financing activities
Cash to repay debts
Cash paid as dividend, profit, or
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
17
深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
Other cash paid for financing
activities
Sub-total of cash outflow due to
0.00 0.00
financing activities
Net cash flow generated by
0.00 0.00
financing
IV. Influence of exchange rate
alternation on cash and cash 222,976.00 -1,265,877.00
equivalents
V.Net increase of cash and cash
947,854.00 876,256.00
equivalents
Add: balance of cash and cash
53,399,316.00 51,786,613.00
equivalents at the beginning of term
VI ..Balance of cash and cash
54,347,170.00 52,662,869.00
equivalents at the end of term
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
8. Cash flow statement（Parent Company）from year-begin to the end of report period
Prepared by：Shenzhen Victor Onward Textile Industrial Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
1,133,937.00 1,327,674.00
rending of services
Tax returned
Other cash received from business
1,297,025.00 1,068,588.00
operation
Sub-total of cash inflow 2,430,962.00 2,396,262.00
Cash paid for purchasing of
735,503.00
merchandise and services
Cash paid to staffs or paid for
1,346,093.00 1,385,647.00
staffs
Taxes paid 634,383.00 617,434.00
Other cash paid for business
2,552,863.00 1,146,480.00
activities
Sub-total of cash outflow from
4,533,339.00 3,885,064.00
business activities
Cash flow generated by business
-2,102,377.00 -1,488,802.00
operation, net
II.Cash flow generated by investing
Cash received from investment
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
retrieving
Cash received as investment gains 21,841.00
Net cash retrieved from disposal of
fixed assets, intangible assets, and 30,000.00 10,000.00
other long-term assets
Net cash received from disposal of
subsidiaries or other operational
units
Other investment-related cash
received
Sub-total of cash inflow due to
51,841.00 10,000.00
investment activities
Cash paid for construction of
fixed assets, intangible assets
and other long-term assets
Cash paid as investment
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
activities
Sub-total of cash outflow due to
0.00 0.00
investment activities
Net cash flow generated by
51,841.00 10,000.00
investment
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
0.00 0.00
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
0.00 0.00
financing activities
Net cash flow generated by
0.00 0.00
financing
IV. Influence of exchange rate
alternation on cash and cash -12,925.00
equivalents
V.Net increase of cash and cash
-2,050,536.00 -1,491,727.00
equivalents
Add: balance of cash and cash 21,483,163.00 23,577,186.00
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深圳中冠纺织印染股份有限公司 2012 年第三季度报告全文
equivalents at the beginning of term
VI ..Balance of cash and cash
19,432,627.00 22,085,459.00
equivalents at the end of term
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
II. Auditor’ report
Auditor’s opinions: Un-audited
The Board of Directors of Shenzhen Victor Onward Textile Industrial Co., Ltd.
October 26, 2012
20
