Shenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
1
Shenzhen Textile (Holdings) Co., Ltd.
Quarterly Report for the Third Quarter of 2009 (Full text)
1 Important notes
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 Third Quarterly Report 2009 is not audited by CPA.
1.3 Chairman of the Board of Directors Wang Bin, General Manager Zhu Jun and Assistant General
accountant Liu Yi hereby confirmed that the Financial Report enclosed in the Quarterly is true and
complete.
2 Basic Information
2.1 Highlights of Accounting Data and Financial Indicators
Unit RMB
2009.9.30 2008.12.31 Increase /decrease
Total assets RMB 713,575,504.17 565,791,088.77 26.12%
Owner’s equity attributable to
shareholders of the listed company
RMB
475,584,259.72 417,227,296.51 13.99%
Stock capital shares 245,124,000.00 245,124,000.00 0.00%
Net assets per share attributable to
shareholders of the listed company
yuan/shares
1.94 1.70 14.12%
July-September 2009
Increase/decrease in
the report period
compared with the
same period of the
last year(%)
January-September
2009
Increase/decrease in
the report period
compared with the
same period of the
last year(%)
Total turnover(RMB) 129,131,248.69 -0.56% 314,130,345.51 15.00%
Net profit attributable to shareholders of
the listed company RMB
15,691,767.35 172.67% 38,303,135.90 -1.89%
Net cash flow arising from operating
activities RMB
- - 40,280,103.72 8.21%
Net cash flow per share arising from
operating activities yuan/shares
- - 0.16 6.67%
Basic earnings per share yuan/shares 0.06 200.00% 0.16 0.00%
Diluted earnings per share yuan/shares 0.06 200.00% 0.16 0.00%
Return on net assets % 3.30% 138.65% 8.05% -13.93%
Return on net assets after deducting
non-recurring gains and losses %
1.99% 541.94% 4.19% 208.09%Shenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
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Unit RMB
Items of non-current gains and losses Year begin to end of report period Notes
Gains and losses from the disposal of non-current assets 22,163,053.37
Net amount of non-operating income and expenses the aforesaid items 835,709.94
Amount of influence of the above items on income tax. -4,601,770.97
Total 18,396,992.34 -
Notes Gains and losses from the disposal of non-current assets were mainly the income from selling shares of
Shenzhen Victor Onward Textile Industrial Co., Ltd.
2.2 Top 10 shareholders and top 10 holders of unconditional shares
Unit Shares
Total number of shareholders at the end of report
period
17,577
Top 10 holders of unconditional shares
Name of the shareholder
Number of Unconditional shares held at
the period-end
Type of shares
Shenzhen Investment Management Co., Ltd. 144,977,052 RMB Common shares
Guo Xia 1,361,480 RMB Common shares
Shenzhen Zhongnan Liankang Technology
Co., Ltd.
1,072,604 RMB Common shares
Sun Xiufang 961,157 RMB Common shares
HSBC BROKING SECURITIES (ASIA)
LIMITED-CLIENTS A/C
720,000
Foreign shares placed in domestic
exchange
Zheng Xiaoxi 667,422 RMB Common shares
Zheng Chuangjian 643,850
Foreign shares placed in domestic
exchange
Li Xiaoding 639,665 RMB Common shares
Liu Hong 590,000
Foreign shares placed in domestic
exchange
Wang Zhongming 571,849
Foreign shares placed in domestic
exchange
3 Significant Events
3.1 Particular about large-margin change of main accounting statement item and financial index and its
reason.
applicable not applicable
The Company acquired equity of Shenzhen Shenfang Lekai Photoelectronic Materials Co., Ltd.
( hereinafter referred to as "Shenfang Lekai") in June 2009. The procedure of change in industrial and
commercial registration was completed on July 17, 2009. Therefore, the financial statements of this
company were consolidated from July 2009.
1. Operating income was RMB 314,130,345.51, which increased by 15.00% year on year mainly dueShenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
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to consolidation of income of Shenfang Lekai and trade income.
2. Financial expenses were RMB 1,562,995.83, which decreased by 62.70% year on year mainly due
to year-on-year decrease of average amount of short-term loan and lowering of loan rate.
3. Asset impairment loss was RMB -1,234,628.66, which decreased by 89.81% year on year mainly
due to year-on-year decrease of writeback of provision for impairment of assets by RMB 12.7747
million.
4. Investment income was RMB 26,048,598.65, which increased by 147.29% year on year mainly
due to year-on-year increase of income from sale of stocks of Shenzhen Victor Onward by RMB
16.9682 million.
5. Operating profit was RMB 44,048,202.07, which increased by 87.34% year on year mainly due to
improvement of earning power of main operation, decrease of expenses and increase of income from
financial assets available for sale.
6. Non-operating income was RMB 863,662.10, which decreased by 96.27% year on year mainly due
to year-on-year decrease of land transfer income of RMB 15.6977 million and collection of interest
of RMB 7.1178 million on arrears.
7. Minority gains and losses decreased by 100.00% year on year mainly because Jiangxi Xuanli Yarn
Industry Co., Ltd., an original controlled subsidiary, fell out of statement consolidation scope due to
assignment.
8. Total assets were RMB 713,575,504.17, which increased by 26.12% over year-beginning balance
mainly due to consolidation of Shenfang Lekai and increase of fair value of financial assets available
for sale.
9. Bills receivable were RMB 2,600,746.30, which increased by 271.54% over year-beginning
balance mainly due to consolidation of bills receivable of Shenfang Lekai in amount of RMB 2.6007
million in the report period.
10. Bills receivable were RMB 49,358,394.63, which increased by 732.76% over year-beginning
balance mainly due to consolidation of accounts receivable of Shenfang Lekai in amount of RMB
38.8457 million.
11. Other receivables were RMB 17,161,215.92, which decreased by 46.15% over year-beginning
balance mainly due to recovery of the balance of contractual payment of RMB 9.5022 million for
assignment of land in Nanling Village and receipt of partial payment of RMB 9.4989 million for land
assignment by East China Electronic Factory.
12. Total current assets were RMB 215,907,735.88, which increased by 48.89% over year-beginning
balance mainly due to consolidation of the statements of Shenfang Lekai Photoelectronic Materials
Co., Ltd.
13. Financial assets available for sale were RMB 82,757,445.84, which increased by 100.85% over
year-beginning balance mainly due to increase of unrestricted stocks and rise in price of stocks in
secondary market at the end of period.
14. Long-term equity investment was RMB 51,641,485.19, which decreased by 54.14% over
year-beginning balance mainly due to consolidation of statements of Shenfang Lekai.
15. Fixed assets were RMB 132,694,479.91, which increased by 58.13% over year-beginning balance
mainly due to consolidation of fixed assets of Shenfang Lekai in amount of RMB 43.4163 million,
purchase of 52.05% equity of Shenfang Lekai and increase of fixed assets by RMB 16.7981 million
through measurement of equity according to fair value of recognizable assets.
16. Construction in progress was RMB 78,418,753.67, which increased by 155.88% over
year-beginning balance mainly due to consolidation of uncompleted construction of Shenfang Lekai
in amount of RMB 45.1442 million.
17. Long-term prepaid expenses were RMB 688,456.16 RMB, which decreased by 33.69% over
year-beginning balance mainly due to amortization of payment for decoration in current periodShenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
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(amortization period is 3-5 years).
18. Accounts payable were RMB 29,079,510.56, which increased by 54.19% over year-beginning
balance mainly due to consolidation of accounts payable of Shenfang Lekai in amount of RMB
15.4425 million.
19. Advance collections were RMB 24,420,440.32, which increased by 112.80% over year-beginning
balance mainly due to receipt of advance receipts from customers and undelivery of goods.
20. Taxes and levies payable were RMB 2,579,112.82, which increased by 55.58% over
year-beginning balance mainly due to consolidation of taxes and levies payable of Shenfang Lekai in
amount of RMB 1.1687 million.
21. Dividends payable were RMB 7,335,447.80, which increased by 46.71% over year-beginning
balance mainly because cash dividends for 2008 distributable to the controlling shareholder were not
paid yet.
22. Other payables were RMB 63,651,546.01, which increased by 31.42% over year-beginning
balance mainly due to consolidation of other payables of Shenfang Lekai in amount of RMB 12.616
million.
23. Total current liabilities were RMB 189,336,981.81, which increased by 34.48% over
year-beginning balance mainly due to consolidation of statements of Shenfang Lekai.
24. Long-term loan increased by RMB 25,000,000.00 mainly due to consolidation of long-term loan
of Shenfang Lekai in amount of RMB 25 million.
25. Deferred income tax liabilities were RMB 13,854,262.64, which increased by 139.83% over
year-beginning balance mainly due to increase of book value of financial assets available for sale.
26. Non-current liabilities totaled RMB 48,654,262.64, which increased by 525.64% over
year-beginning balance mainly due to consolidation of statements of Shenfang Lekai and increase of
deferred income tax liabilities confirmed according to book value and tax base of financial assets
available for sale
27. Total liabilities were RMB 237,991,244.45, which increased by 60.19% over year-beginning
balance mainly due to consolidation of statements of Shenfang Lekai.
28. Capital surplus was RMB 101,231,621.34, which increased by 46.88% over year-beginning
balance mainly due to increase of fair value of financial assets available for sale.
29. Undistributed profit was RMB 98,729,050.00, which increased by 35.84% over year-beginning
balance mainly due to increase of net profit for parent company in current period.
30. Taxes and levies paid were RMB 12,603,154.87, which decreased by 30.46% year on year mainly
due to year-on-year decrease of value added tax for land transfer.
31. Other cash payment related to operating activities was RMB 11,003,333.24, which increased by
110.87% year on year mainly due to year-on-year increase of transaction expenditure.
32. Net cash flows from operating activities were RMB 40,280,103.72, which increased by RMB
3,055,655.11 year on year mainly due to consolidation of statements of Shenfang Lekai.
33. Cash received from disposal of investments was RMB 5,502,828.76, which increased by
606.52% year on year mainly due to sale of stocks of Shenzhen Victor Onward and recovery of
investment.
34. Cash received from disposal of investments was RMB 24,991,690.41, which increased by
250.49% year on year mainly due to sale of stocks of Shenzhen Victor Onward and increase of
investment income.
35. Net cash received from disposal of fixed assets, intangible assets and other long-term assets was
RMB 31,000.00, which decreased by 99.82% year on year mainly due to year-on-year decrease of
land transfer.
36. Other cash received relating to investing activities was RMB 39,253,303.96, which increased byShenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
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73.05% year on year mainly due to consolidation of beginning cash of Shenfang Lekai.
37. Subtotal of cash inflows from investing activities were RMB 69,778,823.13, which increased by
47.11% year on year mainly due to consolidation of beginning cash of Shenfang Lekai and increase
of income from sale of stocks of Shenzhen Victor Onward.
38. Cash paid for the acquisition or construction of fixed assets, intangible assets and other long-term
assets was RMB 6,977,448.36, which decreased by 74.37% year on year mainly due to year-on-year
decrease of expenditure on construction of Longgang dormitory.
39. Cash paid to acquire investments increased by RMB 78,000,000.00, subtotal of cash outflows
from investing activities increased by 47.67% year on year and net cash flows from investing
activities were RMB -16,018,665.57 mainly due to acquisition of equity of Shenfang Lekai.
40. Other cash payment related to investing activities was RMB 820,040.34, which increased by
97.34% year on year mainly due to year-on-year decrease of cash payment for equity of Shenfang
Lekai and decrease of beginning cash because Huapeng fell out of statement consolidation scope.
41. Subtotal of cash inflows from financing activities were RMB 80,000,000.00, which increased by
73.91% year on year mainly due to increase of short-term bank loans.
42. Cash paid for repayment of debt was RMB 71,000,000.00, which decreased by 32.59% year on
year mainly due to decrease of bank loan repayment.
43. Cash payments for distribution of dividends and profits or interest expenses was RMB
11,730,817.52, which increased by 85.56% year on year mainly due to distribution of cash dividends
for 2008.
44. Other cash payment related to financing activities was RMB 6,900,000.00, which increased by
38.00% year on year mainly due to increase of other loan repayment of Shenfang Lekai.
45. Net cash flows from financing activities were RMB -9,630,817.52, which increased by RMB
61,013,434.74 year on year mainly due to increase of bank loans.
46. Net increase in cash and cash equivalents was RMB 14,830,360.06, which increased by RMB
44,209,141.33 year on year mainly due to increase of cash inflow from stock sale and bank loan and
consolidation of net cash inflow of Shenfang Lekai for the period from July to September.
3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving
proposal.
applicable not applicable
3.3 The fulfillment of the commitment made by the Company , shareholders and the actual controller
applicable not applicable
Items Commitment Status of fulfillment of commitment
Commitment of Share structure reform
Promises: 1. To abide by laws
and regulations and perform
statutory obligation of
commitment. 2. The shares of the
Company held by Shenzhen
Investment Management Co., Ltd.
will not be listed or traded within
at least 24 months from the date of
obtaining the right of listing and
negotiation. Within 12 months
after the expiration of the said
commitment period, the proportion
of the number of the original
non-negotiable shares sold by it
Such promises have been strictly
fulfilled..Shenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
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through Shenzhen Stock Exchange
to the total number of shares of
Shenzhen Textile shall not exceed
5%.3. To bear the expenses related
to share holding structure reform
including financial consultation
fee, sponsoring fee, lawyer's fee,
communication and
recommendation fee and media
publicity expenses.
Commitment of Share conditional
subscription
I. The company temporarily
did not have plan to sell unfrozen
negotiable shares that account for
5% of total share capital through
securities trading system within six
months after unfreezing of
restricted shares. If the company
planned to sell shares through
securities trading system and the
quantity of shares to be sold within
sixth month from the first sale
reaches 5% of total share capital,
the company would publicly
disclose prompting announcement
of sale through the Company
within two trading days before the
first sale;
II. The company would
strictly abide by Guiding Opinions
on Assignment of Unfrozen
Existing Shares of Listed
Companies and relevant provisions
of relevant transaction rules of
Shenzhen Stock Exchange.
The above promises are under fulfillment.
Commitments made in Acquisition Report
or Reports on Change in interests
No No
Commitments made in Material assets
Reorganization
No No
Commitments made in issuing No No
Other commitments Including:
supplementary commitments
No No
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
3.5 Other significant events need to be explained
1. On June 23, 2009, the Company and China Lekai Film Group Company (hereinafter referred to
as "Lekai Group") signed Equity Transaction Contract. The Company acquired 52.05% equity of
Shenzhen Shenfang Lekai Photoelectronic Materials Co., Ltd. (hereinafter referred to as "Shenfang
Lekai Company") held by Lekai Group at the price of RMB 78 million(Refer to No.2009-17,2009-20
Announcement of the Company for details).On June 26, 2009, the Company paid the first installment
of acquiring price, i.e., RMB 39 million, to Lekai Group according to the contract. On July 17,
2009,the procedure of change in industrial and commercial registration of Shenfang Lekai Company
has been settled (Refer to 2009 Semiannual Report and No. 2009-28 Announcement of the Company
for details).On September 23, 2009, the Company remitted the balance of RMB 39 million and
interest of RMB 473,850 to the account designated by Lekai Group according to the contract (Refer
to No. 2009-30 Announcement of the Company for details).Shenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
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2. The 17th meeting of the fourth board of directors examined and adopted the Proposal for
Deregistering Hong Kong Dahong International Co., Ltd. and authorized the management to handle
relevant procedures(Refer to No.2009-9 Announcement of the Company for details). In the report
period, According to the document of Hong Kong Company Registry received by the Company,
Hong Kong Dahong International Co., Ltd. was deregistered on August 7, 2009.
3. After the market closed on September 30, 2009, the Company accumulatively hold 10,973,825 shares
of Shenzhen Victor Onward held by it through the trading system of Shenzhen Stock Exchange,
which account for 6.49% of the total share capital of Shenzhen Victor Onward. The remaining
11,305,662 shares of Shenzhen Victor Onward account for 6.68% of the total share capital of Shenzhen
Victor Onward, 11,305,662 shares were accounted for as financial assets available for sale. The initial
investment cost is RMB 13,453,737.78. At the end of the report period, the fair value of the
investment was RMB 82,757,445.84.
3.5.1 Reception of investigations, communications ,or interviews company held in the report period.
Reception
date
Reception plane Reception Mode
Reception
Object
Discussion issue and offered
information
July 1, 2009 to
September 30,
2009
The Company Telephone
Individual
Investment
Operating status and
development prospect of the
Company, the controlling
shareholder's support to the
Company's business
development, etc.
3.6 Particulars about derivatives investment
Applicable not applicable
3.6.1 Particulars about the positions of derivatives investment at the end of report period.
Applicable not applicable
4 Appendix
4.1 Balance sheet
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. September 30, 2009 Unit RMB
Items
Year-end balance
Year-beginning balance
Consolidated Parent company Consolidated Parent company
Current asset：
Monetary fund 98,853,285.24 21,550,429.32 84,022,925.18 35,807,908.88
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable 2,600,746.30 700,000.00
Account receivable 49,358,394.63 5,927,101.61
Prepayments 8,052,987.17 1,114,229.00 10,320,610.92 653,200.00
Insurance receivable
Reinsurance receivable
Provisions of ReinsuranceShenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
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contracts receivable
Interest receivable
Dividend receivable
Other account receivable 17,161,215.92 30,866,911.38 31,869,860.76 53,365,895.02
Repurchasing of financial
assets
Inventories 39,881,106.62 12,169,064.23
Non-current asset due in 1
year
Other current asset
Total of current assets 215,907,735.88 53,531,569.70 145,009,562.70 89,827,003.90
Non-current assets：
Loans and payment on
other’s behalf disbursed
Disposable financial asset 82,757,445.84 82,757,445.84 41,203,383.82 41,203,383.82
Expired investment in
possess
Long-term receivable
Long term share equity
investment
51,641,485.19 237,120,984.25 112,611,211.91 172,893,264.44
Property investment 135,920,381.37 124,909,694.85 142,816,259.43 128,943,964.83
Fixed assets 132,694,479.91 37,703,197.65 83,916,970.31 38,817,216.62
Construction in progress 78,418,753.67 33,274,528.60 30,646,285.87 30,646,285.87
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 6,389,891.54 2,250,791.54 5,914,236.00 2,543,228.00
R & D petrol
Goodwill 5,968,698.41
Long-germ expenses to be
amortized
688,456.16 1,038,191.17
Differed income tax asset 3,188,176.20 2,471,218.29 2,634,987.56 2,642,228.06
Other non-current asset
Total of non-current assets 497,667,768.29 520,487,861.02 420,781,526.07 417,689,571.64
Total of assets 713,575,504.17 574,019,430.72 565,791,088.77 507,516,575.54
Current liabilities
Short-term loans 55,000,000.00 45,000,000.00 46,000,000.00 34,000,000.00
Loan from Central Bank
Deposit received and hold
for others
Call loan received
Trade off financial liabilitiesShenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
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Bill payable
Account payable 29,079,510.56 400,488.57 18,859,027.41 418,508.57
Advance payment 24,420,440.32 492,847.78 11,475,644.76 639,024.58
Selling of repurchased
financial assets
Fees and commissions
receivable
Employees’ wage payable 6,621,119.44 1,653,569.77 9,360,985.83 5,104,987.09
Tax payable 2,579,112.82 2,247,250.74 1,657,766.12 346,846.03
Interest payable
Dividend payable 7,335,447.80 7,335,447.80 5,000,000.00 5,000,000.00
Other account payable 63,651,546.01 67,013,886.99 48,433,612.32 61,837,867.20
Reinsurance fee payable
Insurance contract provision
Entrusted trading of
securities
Entrusted selling of
securities
Non-current liability due in
1 year
Other current liability 649,804.86
Total of current liability 189,336,981.81 124,143,491.65 140,787,036.44 107,347,233.47
Non-current liabilities：
Long-term loan 25,000,000.00
Bond payable
Long-term payable
Special payable 2,000,000.00 2,000,000.00
Expected liabilities
Differed income tax
liability
13,854,262.64 13,854,262.64 5,776,755.82 5,776,755.82
Other non-current liabilities 7,800,000.00
Total of non-current
liabilities
48,654,262.64 13,854,262.64 7,776,755.82 5,776,755.82
Total of liability 237,991,244.45 137,997,754.29 148,563,792.26 113,123,989.29
Owners’ equity
Share capital 245,124,000.00 245,124,000.00 245,124,000.00 245,124,000.00
Capital reserves 101,231,621.34 100,703,306.05 68,921,594.03 68,393,278.74
Less：Shares in stock
Special reserve
Surplus reserves 30,499,588.38 30,499,588.38 30,499,588.38 30,499,588.38
Common risk provision
Undistributed profit 98,729,050.00 59,694,782.00 72,682,114.10 50,375,719.13
Different of foreign currency
translationShenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
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Total of owner’s equity belong to
the parent company
475,584,259.72 436,021,676.43 417,227,296.51 394,392,586.25
Minor shareholders’ equity
Total of owners’ equity 475,584,259.72 436,021,676.43 417,227,296.51 394,392,586.25
Total of liabilities and owners’
equity
713,575,504.17 574,019,430.72 565,791,088.77 507,516,575.54
4.2 Profit statement of the report period
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. July-September 2009 Unit RMB
Items
Report period Same period of the previous year
Consolidated Parent company Consolidated Parent company
I. Total operating income 129,131,248.69 13,332,806.85 129,854,891.29 12,951,650.87
Including Operating income 129,131,248.69 13,332,806.85 129,854,891.29 12,951,650.87
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 119,745,822.38 10,269,863.62 131,464,338.27 15,828,789.10
Including operating cost 112,676,591.06 7,120,856.21 122,475,445.67 7,038,768.52
Interest expense
Commission charge 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 892,695.04 611,309.78 905,206.66 577,465.08
Sales expenses -4,222,067.73 -881,363.17 -5,008,789.00 -924,509.39
Administration expenses 10,337,534.76 3,336,099.73 12,285,802.10 8,680,702.69
Financial expenses 327,643.66 363,834.72 876,672.84 526,362.20
Losses of devaluation of assets -266,574.41 -280,873.65 -70,000.00 -70,000.00
Add changing income of fair
value
Investment income 8,264,571.56 -4,509,428.44 2,456,289.66 3,525,001.26
Including Investment income on
affiliated company and joint
venture
2,734,212.43 2,272,381.48 3,920,317.78 3,401,712.69
Exchange income
III. Operating profit 17,649,997.87 -1,446,485.21 846,842.68 647,863.03
Add non-operating income 10,209.40 7,000.00 5,524,846.24 5,117,813.00
less non-operating expense 37.51 53,558.52
Including disposal loss of
non-current assets
IV. Total profit 17,660,169.76 -1,439,485.21 6,318,130.40 5,765,676.03
Less expense of income tax 1,968,402.41 402,642.86 635,263.03 315,518.04Shenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
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V. Net profit 15,691,767.35 -1,842,128.07 5,682,867.37 5,450,157.99
Net profit attributable to owner’s
equity of parent company
15,691,767.35 -1,842,128.07 5,754,957.18 5,450,157.99
Minority shareholders’ gains
and losses
-72,089.81
VI. Earnings per share
i Basic earnings per share 0.06 -0.01 0.02 0.02
ii Diluted earnings per share 0.06 -0.01 0.02 0.02
VII. Other composite income -4,059,785.71 -4,059,785.71 -6,961,094.29 -6,961,094.29
VIII. Total composite income 11,631,981.64 -5,901,913.78 -1,278,226.92 -1,510,936.30
Including: Attributable to owners
of parent Company
11,631,981.64 -5,901,913.78 -1,206,137.11 -1,510,936.30
Attributable to minority
shareholders
-72,089.81
4.3 Profit statement from Year-begin to period-end
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. July-September 2009 Unit RMB
Items
Report period Same period of the previous year
Consolidated Parent company Consolidated Parent company
I. Total operating income 314,130,345.51 38,559,013.07 273,159,566.96 37,422,130.22
Including Operating income 314,130,345.51 38,559,013.07 273,159,566.96 37,422,130.22
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 296,130,742.09 26,250,030.08 260,180,624.82 25,076,710.22
Including operating cost 262,259,645.27 8,807,536.71 231,261,030.93 9,233,816.43
Interest expense
Commission charge 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 2,720,701.14 1,846,297.93 2,699,795.93 1,733,888.29
Sales expenses 1,961,310.28 1,416,204.35
Administration expenses 28,860,718.23 15,684,592.97 32,731,742.83 23,078,236.00
Financial expenses 1,562,995.83 1,160,530.37 4,189,978.01 3,056,616.00
Losses of devaluation of assets -1,234,628.66 -1,248,927.90 -12,118,127.23 -12,025,846.50
Add changing income of fair
value
Investment income 26,048,598.65 12,812,767.70 10,533,588.20 10,014,983.11
Including Investment income on
affiliated company and joint
venture
3,885,545.28 3,423,714.33 5,338,698.26 4,820,093.17Shenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
12
Exchange income
III. Operating profit 44,048,202.07 25,121,750.69 23,512,530.34 22,360,403.11
Add non-operating income 863,662.10 762,455.70 23,161,847.59 22,730,749.05
less non-operating expense 27,952.16 405,313.36 300,000.00
Including disposal loss of
non-current assets
IV. Total profit 44,883,912.01 25,884,206.39 46,269,064.57 44,791,152.16
Less expense of income tax 6,580,776.11 4,308,943.52 7,722,861.40 6,836,986.39
V. Net profit 38,303,135.90 21,575,262.87 38,546,203.17 37,954,165.77
Net profit attributable to owner’s
equity of parent company
38,303,135.90 0.00 39,042,435.56
Minority shareholders’ gains
and losses
0.00 -496,232.39
VI. Earnings per share
i Basic earnings per share 0.16 0.09 0.16 0.15
ii Diluted earnings per share 0.16 0.09 0.16 0.15
VII. Other composite income 32,310,027.31 32,310,027.31 8,652,911.66 8,652,911.66
VIII. Total composite income 70,613,163.21 53,885,290.18 47,199,114.83 46,607,077.43
Including: Attributable to owners
of parent Company
70,613,163.21 53,885,290.18 47,695,347.22 46,607,077.43
Attributable to minority
shareholders
-496,232.39
4.4 Cash flow statement from Year-begin to period-end
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. July-September 2009 Unit RMB
Items
Report period Same period of the previous year
Consolidated Parent company Consolidated Parent company
I. Cash flows from operating
activities
Cash received from sales of
goods or rending of services
308,139,907.17 34,569,835.17 319,703,259.66 36,148,735.96
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,Shenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
13
processing fee and
commission
Net increase of inter-bank
fund received
Net increase of repurchasing
business
Tax returned 23,585,558.83 22,887,691.09
Other cash received from
business operation
9,681,156.57 10,653,303.39 10,082,921.72 37,092,421.89
Sub-total of cash inflow 341,406,622.57 45,223,138.56 352,673,872.47 73,241,157.85
Cash paid for purchasing
of merchandise and services
249,773,835.71 3,812,887.71 265,290,468.91 5,249,900.30
Net increase of client
trade and advance
Net increase of savings n
central bank and brother
company
Cash paid for original
contract claim
Cash paid for interest,
processing fee and
commission
Cash paid for policy
dividend
Cash paid to staffs or paid
for staffs
27,746,195.03 9,929,469.38 26,818,638.59 11,018,353.17
Taxes paid 12,603,154.87 4,427,757.67 18,122,348.37 11,538,811.67
Other cash paid for business
activities
11,003,333.24 4,186,341.42 5,217,967.99 21,735,028.14
Sub-total of cash outflow
from business activities
301,126,518.85 22,356,456.18 315,449,423.86 49,542,093.28
Cash flow generated by
business operation, net
40,280,103.72 22,866,682.38 37,224,448.61 23,699,064.57
II. Cash flow generated by
investing
Cash received from
investment retrieving
5,502,828.76 5,502,828.76 778,865.71 778,865.71
Cash received as investment
gains
24,991,690.41 24,529,859.46 7,130,450.56 6,806,450.56
Net cash retrieved from
disposal of fixed assets,
intangible assets, and other
long-term assets
31,000.00 27,000.00 16,842,217.00 16,669,000.00
Net cash received from
disposal of subsidiaries or
other operational units
Other investment-related
cash received
39,253,303.96 19,868,150.63 22,683,000.00 22,683,000.00
Sub-total of cash inflow due 69,778,823.13 49,927,838.85 47,434,533.27 46,937,316.27Shenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
14
to investment activities
Cash paid for construction
of fixed assets, intangible
assets and other long-term
assets
6,977,448.36 3,656,303.54 27,226,125.88 26,544,168.44
Cash paid as investment 78,000,000.00 78,000,000.00
Net increase of loan
against pledge
Net cash received from
subsidiaries and other
operational units
Other cash paid for
investment activities
820,040.34 473,850.00 30,876,339.01
Sub-total of cash outflow
due to investment activities
85,797,488.70 82,130,153.54 58,102,464.89 26,544,168.44
Net cash flow generated by
investment
-16,018,665.57 -32,202,314.69 -10,667,931.62 20,393,147.83
III. Cash flow generated by
financing
Cash received as investment
Incl: Cash received as
investment from minor
shareholders
Cash received as loans 80,000,000.00 70,000,000.00 46,000,000.00 34,000,000.00
Cash received from bond
placing
Other financing –related
ash received
Sub-total of cash inflow
from financing activities
80,000,000.00 70,000,000.00 46,000,000.00 34,000,000.00
Cash to repay debts 71,000,000.00 59,000,000.00 105,322,393.54 84,000,000.00
Cash paid as dividend,
profit, or interests
11,730,817.52 10,926,328.54 6,321,858.72 5,620,699.00
Incl: Dividend and profit
paid by subsidiaries to minor
shareholders
Other cash paid for
financing activities
6,900,000.00 5,000,000.00 5,000,000.00 2,500,000.00
Sub-total of cash outflow
due to financing activities
89,630,817.52 74,926,328.54 116,644,252.26 92,120,699.00
Net cash flow generated by
financing
-9,630,817.52 -4,926,328.54 -70,644,252.26 -58,120,699.00
IV.Influence of exchange rate
alternation on cash and cash
equivalents
199,739.43 4,481.29 -121,406.06 -120,646.31
V.Net increase of cash and
cash equivalents
14,830,360.06 -14,257,479.56 -44,209,141.33 -14,149,132.91
Add: balance of cash and
cash equivalents at the
84,022,925.18 35,807,908.88 124,908,748.97 51,415,565.66Shenzhen Textile (Holdings) Co., Ltd.Quarterly Report for the Third Quarter of 2009
15
beginning of term
VI. Balance of cash and cash
equivalents at the end of term
98,853,285.24 21,550,429.32 80,699,607.64 37,266,432.75
4.5 Auditor’ report
Auditor’s opinions: Not audited
This Report has been prepared in both Chinese and English. In case of any discrepancy, the
Chinese version shall prevail.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
October 24,2009
