深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Shenzhen Victor Onward Textile Industrial Co., Ltd.
The First Quarterly Report of 2014
April 2014
1
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
1 Important notes
The Board of Directors and the Supervisory Committee of the Company and its directors,
supervisors and senior executives should guarantee the reality, accuracy and completion of the
quarterly report, there are no any fictitious statements, misleading statements or important
omissions carried in this report , and shall take legal responsibilities, individual and /or joint.
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 ,person in charge of accounting organ hereby confirm that
the financial Report of this Quarterly Report is authentic, accurate and complete.
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深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
II. Main financial data and changes of shareholders
（1）Main financial data and indices
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not.
□ Yes √ No
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（RMB） 2,432,585.00 2,430,392.00 0.09%
Net profit attributable to the shareholders
-1,144,673.00 -2,662,785.00 -57.01%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -1,144,673.00 -2,645,703.00 -56.73%
listed company（RMB）
Cash flow generated by business operation,
1,295,741.00 987,246.00 31.25%
net（RMB）
Basic earning per share(RMB/Share) -0.01 -0.02 -50%
Diluted gains per
-0.01 -0.02 -50%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
-0.91% -2.27% 1.36%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 170,821,000.00 170,502,789.00 0.19%
Net profit attributable to the shareholders
125,300,821.00 126,320,072.00 -0.81%
of the listed company（RMB）
Items and amount of non-current gains and losses
□applicable √not applicable
(2) Total number of shareholders at the end of report period and Particular about shares held by top ten
shareholders
In Shares
Total number of shareholders at the end
10,456
of report period
3
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Particular about shares held by top ten shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Domestic Non-
Union Holdings Co.,
State-owned 25.51% 43,141,032 0
Ltd.
legal person
STYLE-SUCCESS Foreign Legal
14.46% 24,466,029 0
LIMITED person
Rich Crown Foreign Legal
3.62% 6,114,556 0
Investment Co., Ltd. person
Domestic Non-
Union Development
State-owned 3.36% 5,681,089 0
Group Co., Ltd.
legal person
Liuzhou Jiali
Domestic Non-
Real estate
State-owned 2.69% 4,545,700 0
Development
legal person
Co., ltd.
Shenzhen Textile
State-owned
(Group)Holdings 1.68% 2,840,594 0
Legal person
Ltd
Domestic Natural
Zeng Ying 1.22% 2,070,600 0
person
Liuzhou Ruiheng Domestic Non-
Mechatronics State-owned 1.01% 1,710,100 0
Co., Ltd. legal person
KGI ASIA Foreign Legal
0.55% 927,450 0
LIMITED person
Domestic Natural
Jiang Jiayuan 0.54% 909,184 0
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
RMB Common
Union Holdings Co., Ltd. 43,141,032 43,141,032
shares
Foreign shares
STYLE-SUCCESS LIMITED 24,466,029 placed in 24,466,029
domestic
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深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
exchange
Foreign shares
placed in
Rich Crown Investment Co., Ltd. 6,114,556 6,114,556
domestic
exchange
RMB Common
Union Development Group Co., Ltd 5,681,089 5,681,089
shares
Liuzhou Jiali Real estate Development RMB Common
4,545,700 4,545,700
Co., ltd. shares
RMB Common
Shenzhen Textile (Group)Holdings Ltd 2,840,594 2,840,594
shares
Foreign shares
placed in
Zeng Ying 2,070,600 2,070,600
domestic
exchange
Liuzhou Ruiheng Mechatronics Co., RMB Common
1,710,100 1,710,100
Ltd. shares
Foreign shares
placed in
KGI ASIA LIMITED 927,450 927,450
domestic
exchange
RMB Common
Jiang Jiayuan 909,184 909,184
shares
Notes to the related relationship The controlling shareholder of the above-mentioned largest shareholder Shenzhen Union
between the shareholders or their Holdings Ltd. and Third shareholder Rich Crown Investment Co., Ltd.. Is Union
concerted action Development Group Ltd.
Top 10 shareholders taking part in
margin financing and securities lending N/A
（if any）
Did any shareholder of the Company carry out an agreed buy-back in the reporting period?
□ Yes √ No
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深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
§3 Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
1.Analysis of the reason for big change of the items of balance sheet of the Company as of the end of the report period.
In RMB
Items March 31,2014 December 31, 2013 Amount of increased / Proportion increased
decreased decreased
Other account receivable 41,829 311,279 -269,450 -86.56%
(1) Other account receivable decreased by RMB 269,450 and 86.56% mainly due to recover part of other receivables.
2..In the report period, Analysis of the reason for big change of the items of profit statement
In the period from January 2014 to March 2014,the company earned operating income of RMB 2.43 million on accumulative basis,
unchanged with last year.Net profit is RMB- 1.14 million,compare to the data last year same period, which loss decreased by RMB 1.
5 million.
⑴Analysis of reason for flat of operating income：
Affected by the real estate rental situation without significant changes affecting.
(2).The main reason for decreased of amount of loss:
mainly Due to equity method accounted for earnings losses of the investment enterprises Hangzhou Bay decreasedRMB 1.01 million
compared with last year, as well as the disposal of part of the property subject to the prior year related costs and expenses decreased
impact.
3.Analysis of the reason for big change of the items of cash flow statement of the Company in the report period.
In the period from January 2014 to March 2014, Net increase of cash and cash equivalents increased by RMB 10.72 million over the
previous year, mainly due to pay RMB10 million loan to principal Union Group over the same period last year, while the current
period did not occur..
In RMB
Items This period Same period of last year Amount of Proportion
increased/decreased Increased/ decreased
Net cash flows arising form
Operating activities 1,295,741 987,246 308,495 31.25%
Net cash flows from
investing activities -30,895 5,539 -36,434 -657.77%
Net cash flows from
financing activities 0 -10,000,000 10,000,000 -100%
The influence of change
in exchange rate 356,477 -100,570 457,047 -454.46%
Net increase of cash and
cash equivalents 1,621,323 -9,107,785 10,729,108 -117.80%
⑴At the end of the report period, Net cash flows from operating activities increased by RMB 308,495 year on year；
⑵In the report period, Net cash flows from investing activities decreased by RMB36,434 year on year;
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深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
⑶At the end of the report period, There were no net cash flows from financing activities increased by
RMB10,000,000 year on year；
⑷At the end of the report period, the influence of change in exchange rate on cash and cash equivalents increased by RMB-767,200
year on year;
⑸At the end of the report period, net increase in cash and cash equivalents increased by RMB10,729,108 year on year.
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
(1) 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.
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. The Company planned to invest in the joint venture project of Nanjing East Asia Textile
Printing and Dyeing Co., Ltd. with partial machinery and equipment in 2007. Due to change of foundation of joint
venture and prospect of the industry, the capital increase was not completed. 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 Defendant Nanjing East Asia Textile Printing and Dyeing Co., Ltd. made objection to the jurisdiction of
this case during the period of defence submission. The court formed a collegial bench and conducted examination
according to law. On December 24, 2013, Jiangsu Higher People's Court issued Civil Ruling Paper to reject the
objection made by Nanjing East Asia Textile Printing and Dyeing Co., Ltd. about the jurisdiction. ((2013)
SSWXCZ No. 0001 Civil Ruling Paper of Jiangsu Higher People's Court Civil Ruling Paper). The case hasn’t yet
been tried,
（2）After the 2013 Annual Report, the company has cancelled the special treatment to stock referring the
warning of delisting risk and other risk warnings.
The 2013 Fiscal Report has been audited by Dahua Certified Public Accountants（ Special General Partnership）,
within which it is stated: the net profit of the company in 2013 is RMB 7,849,904, while the net profit attributed to
the shareholders of the listed company is RMB 8,214,810 . According to the related provisions in Shenzhen Stock
Exchange Listing Rules, The situation that A shares and B shares treated with special measures as warning of
delisting risk has been eliminated, while there is no other circumstances of issuing delisting risk warning nor
implementing other risks warnings. Approved by the Shenzhen Stock Exchange, since March 13, 2014, the
warning of delisting risk towards the company's stock transactions has been cancelled, as well as other risks
warnings.
Description of the website for disclosing
Description of provisional announcement Date of disclosing
provisional announcements
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深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Announcement on lawsuits.of Shenzhen http://www.cninfo.com.cn/finalpage/2012-
June 16, 2012
Victor Onward Textile Industrial Co., Ltd. 06-16/61144742.PDF
Announcement of the Resignation of http://www.cninfo.com.cn/finalpage/2014-
January 23, 2014
Independent Director Ms. Chen Jinmei. 01-23/63514325.PDF
Announcement of the Proposal of the
cancellation the special treatment to stock
referring the warning of delisting risk and http://www.cninfo.com.cn/finalpage/2014-
March 12, 2014
other risk warnings of Board of Directors of 03-12/63664541.PDF
Shenzhen Victor Onward Textile Industrial
Co., Ltd.
III．The commitments of the Company and its shareholders holding over 5% of the Company’s total shares in the
report year of extending to the report year from previous year.
Commitment Time of making Period of
Commitment Contents Fulfillment
maker commitment commitment
Committed
when the
restricted-for-sal
e shares from
the shares
restructuring
were listed for
circulation in the
market: i. if they
plan to sell the
shares through
the securities
exchange
Union Holding Under
Commitment on share reform system in the In effect
Co., Ltd. Fulfillment
future, and the
decrease of the
shares they hold
reaches 5%
within 6 months
after the first
decrease, they
will disclose an
announcement
indicating the
sale through the
company within
two trading days
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深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
before the first
decrease; ii.
They shall
strictly observe
the “Guidelines
on Transfer of
Restricted-for-sa
le Original
Shares of Listed
Companies” and
the provisions of
the relevant
business
principles of
Shenzhen Stock
Exchange.
Commitment in the acquisition
report or the report on equity Not applicable
changes
Commitment made upon the assets
Not applicable
replacement
Commitments made upon issuance Not applicable
Other commitments made to minority
Not applicable
shareholders
Executed timely or not? Yes
Detailed person for failing to execute and
Not applicable
the next plan（If any）
IV．Prediction of Business performance for January- March 2014.
Estimation of accumulative net profit from the beginning of the year to the end of next report period to be loss
probably or the warning of its material change compared with the corresponding period of the last year and
explanation of reason.
√Applicable □ Not applicable
Fore-notice of earnings: Make up the deficits
Type of date filled for the prediction: Interval figures
Same period of
Year beginning to end of next
the previous Increase or decrease%
report period
year
Estimated amount of
0 -- 100 -412 -- -124.27% -- -100%
accumulative net
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深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
profit(RMB’0000)
Basic earnings per shares
0 -- 0.006 -0.02 -- -130% -- -100%
(Yuan/share)
Due to the effect of making up the deficits in the first half 2014 of Zhejiang Union Han
Notes to fore-notice of gzhou Bay Ventures Co., Ltd. based on the equity method, the company expects the ac
earnings cumulative net profit for the period for January-June 2014 is estimated to be gains and
about RMB 0 million to RMB 1 million.
V. The registration form of acceptance of investigation, communication and interview in the report period for
future reference
Content of discussion and
Date Place Mode Type Visitor
materials provided
BOD office of the Enquiry of the house rentin
January 13, 2014 By phone Individual Investor
Company g situation of the company
BOD office of the Enquiry of the company's c
January 21, 2014 By phone Individual Investor
Company urrent situation
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深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
IV. Financial statement
1. Financial statement
1.Consolidated Balance sheet
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 65,124,233.00 63,502,910.00
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable 1,500,000.00 1,500,000.00
Account receivable
Prepayments 34,377.00 25,192.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 79,340.00
Dividend receivable
Other account receivable 41,829.00 311,279.00
Repurchasing of financial assets
Inventories
Non-current asset due in 1 year
Other current asset
Total of current assets 66,700,439.00 65,418,721.00
Non-current assets：
Loans and payment on other’s
behalf disbursed
Disposable financial asset 629,999.00 582,942.00
Expired investment in possess
11
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Long-term receivable
Long term share equity
66,572,839.00 66,931,685.00
investment
Property investment 23,322,790.00 23,458,153.00
Fixed assets 6,684,926.00 7,191,205.00
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,810,383.00 1,820,459.00
R & D petrol
Goodwill 5,099,624.00 5,099,624.00
Long-germ expenses to be
amortized
Differed income tax asset
Other non-current asset
Total of non-current assets 104,120,561.00 105,084,068.00
Total of assets 170,821,000.00 170,502,789.00
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 3,700,662.00 3,186,939.00
Advance payment 1,076,937.00 1,076,531.00
Selling of repurchased financial
assets
Fees and commissions receivable
Employees’ wage payable 977,937.00 1,109,352.00
Tax payable 4,233,819.00 4,250,191.00
Interest payable
12
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Dividend payable 1,215,946.00 1,215,946.00
Other account payable 23,502,076.00 22,663,345.00
Reinsurance fee payable
Insurance contract provision
Entrusted trading of securities
Entrusted selling of securities
Non-current liability due in 1 year
Other current liability 1,659,763.00 1,547,263.00
Total of current liability 36,367,140.00 35,049,567.00
Non-current liabilities：
Long-term loan 1,080,007.00 1,101,349.00
Bond payable
Long-term payable 8,302,089.00 8,230,694.00
Special payable
Expected liabilities
Differed income tax liability 672,571.00 702,735.00
Other non-current liabilities 836,792.00 836,792.00
Total of non-current liabilities 10,891,459.00 10,871,570.00
Total of liability 47,258,599.00 45,921,137.00
Owners’ equity
Share capital 169,142,356.00 169,142,356.00
Capital reserves 39,687,048.00 39,645,048.00
Less：Shares in stock
Special reserves
Surplus reserves 26,704,791.00 26,704,791.00
Common risk provision
Undistributed profit -109,203,874.00 -108,059,131.00
Different of foreign currency
-1,029,500.00 -1,112,992.00
translation
Total of owner’s equity belong to
125,300,821.00 126,320,072.00
the parent company
Minority shareholders’ equity -1,738,420.00 -1,738,420.00
Total of owners’ equity 123,562,401.00 124,581,652.00
Total of liabilities and owners’
170,821,000.00 170,502,789.00
equity
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深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
2. Balance sheet of Parent Company
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Year-end balance Year-beginning balance
Current asset：
Monetary fund 10,173,310.00 10,557,501.00
Trading financial assets
Bill receivable 1,500,000.00 1,500,000.00
Account receivable
Prepayments
Interest receivable
Dividend receivable
Other account receivable 80,936,618.00 80,967,376.00
Inventories
Non-current asset due in 1 year
Other current asset
Total of current assets 92,609,928.00 93,024,877.00
Non-current assets：
Disposable financial asset
Expired investment in possess
Long-term receivable
Long term share equity
36,788,953.00 36,788,953.00
investment
Property investment 4,639,281.00 4,723,575.00
Fixed assets 4,384,712.00 4,384,712.00
Construction in progress
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
14
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Intangible assets 1,810,383.00 1,820,459.00
R & D petrol
Goodwill
Long-germ expenses to be
amortized
Differed income tax asset
Other non-current asset
Total of non-current assets 47,623,329.00 47,717,699.00
Total of assets 140,233,257.00 140,742,576.00
Current liabilities
Short-term loans
Trade off financial liabilities
Bill payable
Account payable 113,344.00 113,344.00
Advance payment 302,540.00 302,540.00
Employees’ wage payable 564,681.00 677,181.00
Tax payable 647,295.00 767,076.00
Interest payable
Dividend payable
Other account payable 1,264,010.00 1,158,902.00
Non-current liability due in 1 year
Other current liability 1,659,763.00 1,547,263.00
Total of current liability 4,551,633.00 4,566,306.00
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 9,568,563.00 9,583,236.00
Owners’ equity
15
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
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
Provision of general risk
Undistributed profit -91,995,313.00 -91,500,667.00
Different of foreign currency
-4,398,234.00 -4,398,234.00
translation
Total of owners’ equity 130,664,694.00 131,159,340.00
Total of liabilities and owners’
140,233,257.00 140,742,576.00
equity
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
3.Consolidated Profit Statement
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 2,432,585.00 2,430,392.00
Incl：Business income 2,432,585.00 2,430,392.00
Interest income
Insurance fee earned
Fee and commission received
II. Total business cost 2,959,613.00 3,442,926.00
Incl：Business cost 724,283.00 948,594.00
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Insurance policy dividend paid
16
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Insurance policy dividend paid
Reinsurance expenses
Business tax and surcharge 116,647.00 125,716.00
Sales expense 73,907.00 91,723.00
Administrative expense 1,957,807.00 2,006,565.00
Financial expenses 86,969.00 168,792.00
Asset impairment loss 101,536.00
Add：Gains from change of fir
value （“-”for loss）
Investment gain（“-”for loss） -617,645.00 -1,633,169.00
Incl: investment gains from
affiliates
Gains from currency exchange
（“-”for loss）
III. Operational profit（“-”for loss -1,144,673.00 -2,645,703.00
Add：Non-business income 1,942.00
Less：Non business expenses 19,024.00
Incl ： Loss from disposal of
non-current assets
IV.Total profit(“-”for loss) -1,144,673.00 -2,662,785.00
Less：Income tax expenses
V. Net profit（“-”for net loss） -1,144,673.00 -2,662,785.00
Including: Net profit realized by
the entity taken over before the
takover
Net profit attributable to the
-1,144,673.00 -2,662,785.00
owners of parent company
Minority shareholders’ equity
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 125,492.00 -95,420.00
VIII. Total comprehensive income -1,019,181.00 -2,758,205.00
Total comprehensive income
attributable to the owner of the -1,019,181.00 -2,758,205.00
parent company
17
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Total comprehensive income
attributable minority shareholders
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
4. Profit statement of the Parent Company
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I. Income from the key business 415,960.00 481,360.00
Lessl：Business cost 84,293.00 84,293.00
Business tax and surcharge 24,633.00 37,953.00
Sales expense
Administrative expense 1,229,898.00 1,198,710.00
Financial expenses -428,218.00 -326,156.00
Asset impairment loss
Add：Gains from change of for
value （“-”for loss）
Investment gain（“-”for loss）
Incl: investment gains from
affiliates
II. Operational profit（“-”for loss） -494,646.00 -513,440.00
Add：Non-business income
Less：Non- business expenses 6,927.00
Incl：Loss from disposal of
non-current assets
III.Total profit(“-”for loss) -494,646.00 -520,367.00
Less：Income tax expenses
IV. Net profit（“-”for net loss） -494,646.00 -520,367.00
V. Earnings per share： -- --
（I）Basic earnings per share 0 0
(II)Diluted earnings per share 0 0
18
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
VI. Other comprehensive income 0.00 0.00
VII. Total comprehensive income -494,646.00 -520,367.00
Legal representative ：Hu Yongfeng
Person-in-charge of the accounting work：Zhang Jinliang
Person-in -charge of the accounting organ：Ren Changzheng
5. Consolidated Cash flow statement
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating
activities
Cash received from sales of goods
2,432,585.00 2,917,174.00
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 financial
asset disposal
Cash received as interest,
processing fee and commission
Net increase of inter-bank fund
received
Net increase of repurchasing
business
19
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Tax returned
Other cash received from business
1,159,632.00 339,164.00
operation
Sub-total of cash inflow 3,592,217.00 3,256,338.00
Cash paid for purchasing of
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
781,251.00 743,566.00
staffs
Taxes paid 546,399.00 360,551.00
Other cash paid for business
968,826.00 1,164,975.00
activities
Sub-total of cash outflow from
2,296,476.00 2,269,092.00
business activities
Cash flow generated by business
1,295,741.00 987,246.00
operation, net
II.Cash flow generated by
investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal
of fixed assets, intangible assets, 37,000.00
and other long-term assets
Net cash received from disposal
of subsidiaries or other
operational units
Net cash received from disposal
of subsidiaries or other
operational units
20
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Sub-total of cash inflow due to
37,000.00
investment activities
Cash paid for construction of
fixed assets, intangible assets and 30,895.00 31,461.00
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
30,895.00 31,461.00
investment activities
Net cash flow generated by
-30,895.00 5,539.00
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
financing activities
Cash to repay debts 10,000,000.00
Cash paid as dividend, profit, or
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing
activities
Sub-total of cash outflow due to
10,000,000.00
financing activities
Net cash flow generated by -10,000,000.00
21
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
financing
IV. Influence of exchange rate
alternation on cash and cash 356,477.00 -100,570.00
equivalents
V.Net increase of cash and cash
1,621,323.00 -9,107,785.00
equivalents
Add: balance of cash and cash
equivalents at the beginning of 63,502,910.00 52,227,262.00
term
VI.Balance of cash and cash
65,124,233.00 43,119,477.00
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
6. Cash flow statement of the Parent Company
Prepared by: Shenzhen Victor Onward Textile Industrial Co., Ltd.
In RMB
Items Amount in this period Amount in last period
I.Cash flows from operating
activities
Cash received from sales of goods
415,960.00 939,510.00
or rending of services
Tax returned
Other cash received from business
654,549.00 419,915.00
operation
Sub-total of cash inflow 1,070,509.00 1,359,425.00
Cash paid for purchasing of
merchandise and services
Cash paid to staffs or paid for
523,197.00 524,657.00
staffs
Taxes paid 344,353.00 162,342.00
Other cash paid for business
587,150.00 486,750.00
activities
22
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Sub-total of cash outflow from
1,454,700.00 1,173,749.00
business activities
Cash flow generated by business
-384,191.00 185,676.00
operation, net
II.Cash flow generated by
investing
Cash received from investment
retrieving
Cash received as investment gains
Net cash retrieved from disposal
of fixed assets, intangible assets, 22,000.00
and other long-term assets
Net cash received from disposal
of subsidiaries or other
operational units
Other cash receivable for
investment activities
Sub-total of cash inflow due to
22,000.00
investment activities
Cash paid for construction of
fixed assets, intangible assets and
other long-term assets
Cash paid as investment
Net cash received from
subsidiaries and other operational
units
Other cash paid for investment
activities
Sub-total of cash outflow due to
investment activities
Net cash flow generated by
22,000.00
investment
III.Cash flow generated by
financing
Cash received from absorbing
investment
Cash received as loans
Cash received from bond placing
23
深圳中冠纺织印染股份有限公司 2014 年第一季度报告全文
Other financing –related ash
received
Sub-total of cash inflow from
financing activities
Cash to repay debts 10,000,000.00
Cash paid as dividend, profit, or
interests
Other cash paid for financing
activities
Sub-total of cash outflow due to
10,000,000.00
financing activities
Net cash flow generated by
-10,000,000.00
financing
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
-384,191.00 -9,792,324.00
equivalents
Add: balance of cash and cash
equivalents at the beginning of 10,557,501.00 17,293,510.00
term
VI.Balance of cash and cash
10,173,310.00 7,501,186.00
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. Report of the Auditors
Whether the First Quarter Report has been audited or not
□ Yes √ No
The First Quarter Report hasn’t been audited.
The Board of Directors of Shenzhen Victor Onward Textile Industrial Co., Ltd.
Board chairman Yongfeng
April 24, 2014
24
