深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
1
Stock code: 000045, 200045 Stock Abbreviation: Shen Textile A, Shen Textile B Announcement No.: 2010-36
Shenzhen Textile (Holding) Co., Ltd.
Summary of the Semi-Annual Report 2010
§1 Important notes
1.1 The Board of Directors and Drectors of the Company hereby guarantees that there are no false
records, 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.
This summary of the semi-annual report is extracted from the full text of the semi-annual
report. The full text of the report was published on www.cninfo.com.cn simultaneously. Investors
should read the full text of the semi-annual report carefully to know the details.
1.2 The financial report of the semi-annual report has not been audited.
1.3 Wang Bin, Chairman of the Board, Zhu Jun, General Manager and Liu Yi, Manager of
Accounting represent and warrant the financial and accounting report in the Semi-annual report is
true and complete.
§2 Basic Information
2.1 Basic information
Stock abbreviation Shen Textile A, Shen Textile B
Stock code 000045、200045
Stock exchange for listing Shenzhen Stock Exchange
Secretary of the Board of Directors Securities Affair Representative
Name Chao Jin Liao Ruiyan
Contact address 6/F, Shenfang Building, No.3 Huaqiang North
Road, Futian District, Shenzhen
6/F, Shenfang Building, No.3 Huaqiang North
Road, Futian District, Shenzhen
Tel 0755-83776043 0755-83776043
Fax 0755-83776139 0755-83776139
E-mail chaoj@chinasthc.com liaory@chinasthc.com
2.2 Highlights of financial data and indicators
2.2.1 Highlights of financial data and indicators
Unit：RMB
End of the report year End of the previous
year Increase /Decrease （％）
Total assets 841,990,825.04 802,562,856.93 4.91%
Owners’ equity attributable to shareholders of the
listed company 494,968,243.93 493,246,297.27 0.35%
Share capital 245,124,000.00 245,124,000.00 0.00%
Net assets per share attributable to shareholders of
the listed company(RMB/share) 2.02 2.01 0.50%深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
2
Report period（Jan－
June）
Same period of the
previous year
Increase /decrease over the same
period of the previous year（％）
Total operating income 322,369,136.74 184,999,096.82 74.25%
Operating profit 26,044,164.29 26,398,204.20 -1.34%
Total profit 31,025,623.77 27,223,742.25 13.97%
Net profit attributable to shareholders of the listed
company 24,858,502.70 22,611,368.55 9.94%
Net profit attributable to shareholders of the listed
company after deducting non-recurring gains and
losses
13,945,642.99 10,223,705.04 36.40%
Basic earnings per share(RMB/share) 0.10 0.09 11.11%
Diluted earnings per share(RMB/share) 0.10 0.09 11.11%
Return on equity（%） 4.92% 5.28% Decreased by 0.36%.
Net cash flow arising from operating activities 2,414,949.85 12,841,942.65 -81.19%
Net cash flow per share arising from operating
activities (RMB/share) 0.01 0.05 -80.00%
2.2.2 Items of non-recurring gains and losses
√Applicable □Not applicable
Unit: RMB
Item of non-recurring gains and losses Amount Notes (if applicable
The government subsidy recognized into current profit and loss, except
those government subsidies that closely related to the Company ’ s
business, according to national policies, and according to standard
unified quota or ration.
4,982,567.16
The amortizations of governmental
subsidies recorded through loss or profit
in this accounting period are RMB
600,000.00 of the “Special Fund for
New Types of Flat Panel Display”,
RMB 4,216,967.15 of the “Special
National Fund for New Hi-tech
Research and Development Program
(Program 863)”, RMB 49,600.01 of the
loan interest discount received from
Shenzhen Finance Bureau and RMB
116,000.00 of the allowance from
Futian Commercial Chamber in this
accounting period for attending Canton
Fair.
Except for effective hedging operations that relevant to the Company ’
s normal business, the profits and losses from fair value changes from
held for trading financial assets and held for trading financial
liabilities, as well as the investment gains from disposal held for
trading financial assets 、 held for trading financial liabilities and
available-for-sale financial assets.
9,009,386.30
Mainly is from the sale of the shares of
Shenzhen Victor Onward Textile
Industrial Co., Ltd.
Other non operating income and expenses except from above
mentioned items -1,107.68
Amount of influence of the above items on income tax. -3,077,986.07
Total 10,912,859.71 -
2.2.3 Difference of domestic and foreign accounting standards
□ Applicable√ Not applicable深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
3
§3 Particulars about the Changes of Share Capital and shareholders
3.1 Schedule of Change in share Capital
□ Applicable√ Not applicable
3.2 Top 10 shareholders and top 10 holders of unconditional shares
Unit：Shares
Total of shareholders 16,703
Top 10 shareholders
Name of the shareholder Properties of
shareholder
Share proportion
% Total shares Conditional shares Pledged or frozen
Shenzhen Investment Holdings
Co., Ltd.
State-owned
legal person 59.14% 144,977,052 0 0
China Construction Bank
－China Huaxia Mixed
Dividend-seeking
Open-end Securities
Investment Fund
Domestic non-
State-owned
legal person
0.96% 2,343,947 0 0
Beijing Fringstan Investment
Consultation Co., Ltd.
Domestic non-
State-owned
legal person
0.55% 1,349,119 0 0
China Construction Bank-
Huaxia income stock Securities
Investment Fund
Domestic non-
State-owned
legal person
0.51% 1,245,792 0 0
Shenzhen Zhongnan Liankang
Technology Co., Ltd.
Domestic non-
State-owned
legal person
0.44% 1,072,604 0 0
Li Yijun Foreign natural
person 0.31% 767,470 0 0
Liu Hong Foreign natural
person 0.31% 760,000 0 0
Zheng Chuangjian Foreign natural
person 0.28% 674,600 0 0
Sun Xiufang Domestic nature
person shares 0.26% 641,600 0 0
Jin Mingfei Domestic nature
person shares 0.25% 621,950 0 0
Top 10 holders of unconditional shares
Name of the shareholder Unconditional shares Type of shares
Shenzhen Investment Holdings Co., Ltd. 144,977,052 RMB Common shares
China Construction Bank－China
Huaxia Mixed Dividend-seeking
Open-end Securities Investment
Fund
2,343,947 RMB Common shares
Beijing Fringstan Investment Consultation Co.,
Ltd. 1,349,119 RMB Common shares
China Construction Bank- Huaxia income stock
Securities Investment Fund 1,245,792 RMB Common shares深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
4
Shenzhen Zhongnan Liankang Technology Co.,
Ltd. 1,072,604 RMB Common shares
Li Yijun 767,470 Foreign shares placed in domestic
exchange
Liu Hong 760,000 Foreign shares placed in domestic
exchange
Zheng Chuangjian 674,600 Foreign shares placed in domestic
exchange
Sun Xiufang 641,600 RMB Common shares
Jin Mingfei 621,950 RMB Common shares
Notes to the related
relationship between the top
ten shareholders or their
concerted action
There is no relationship between shareholders holding state-owned legal
person shares and other shareholders in the above table. China Construction
Bank－China Huaxia Mixed Dividend-seeking Open-end Securities
Investment Fund and China Construction Bank- Huaxia income stock Securities Investment
Fund are both funds managed by Huaxia Fund Management Co., Ltd. Except
this, the Company does not know whether there is relation between social
public shareholders or whether they are persons taking concerted action
defined in Regulations on Disclosure of Information about Shareholding of
Shareholders of Listed Companies.
3.3 Change of the controlling shareholder and actual controller
□ Applicable√ Not applicable
§4 Particulars about Directors, Supervisors and Senior Executives
4.1 Change of Shareholding of Directors, Supervisors and Senior Executives
□ Applicable√ Not applicable
§5 Report of the Board of Directors
5.1 Table of the status of key business in terms of industry of business and product
Unit：RMB’0000
The Status of key business in terms of industry of business
On industry or production Income from key
business
Cost of key
business
Gross profit
ratio（%）
Increase/decreas
e of income
from main
operation over
the previous year
(%)
Increase/decreas
e of cost of main
operation over
the previous year
(%)
Increase or decrease
of Gross profit ratio
from main operation
over the previous
year (%)
Domestic and foreign
trade 15,660.30 15,599.86 0.39% 20.22% 20.88% Decreased 0.54%
Manufacturing 12,934.34 10,748.67 16.90% 489.63% 450.39% Increased by 5.93%深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
5
Lease and
Management of
Property
3,463.83 310.50 91.04% 11.33% 75.57% Increased by 1.52%
Table of the status of main operation in terms of product
Polarizer sheet for
LCD
10,606.56 8,708.90 17.89% 98.17% 99.88% Decreased by 0.70
%
Fully-shaped
knitted garment
1,191.44 980.57 17.70%
133.33% 62.17% Decreased by 36.11%
Of which: In the report period, The total amount of product sales or rendering of services of the Company to its controlling
shareholder and subsidiaries was RMB 0.00 million in the report period.
5.2 The status of key business in terms of areas
Unit：RMB’0000
Area Income from key business Increase/decrease of income（％）
Domestic 10,823.16 104.02%
Foreign 21,235.31 63.02%
5.3 Reasons for the material change of key business and its structure
□Applicable√ Not Applicable
5.4 Reasons for the material change of the profitability ( gross profit rate) of the key business compared
with the previous year
□Applicable√ Not Applicable
5.5. Analysis of the reasons for the material change of operating results and profit structure compared with
the previous year
√Applicable □Not applicable
For the reporting period the total profits contain: the industrial profits, 31.10%, the profits from the
property leasing and manangement business, 66.91%, and the trading profits, 1.99%. The industrial
profits increased 40.12%, compared to the same period of last year. This increase resulted from the
business combination with Shengbo Optoelectronic , which enhanced the overall profitability of the
industrial entities of the company, and Beauty Century’s turning back from losses, whereby Jiangxi
Xuanli Thread Co., Ltd. (“Xuanli”was stopped from losses of years and its consumption of the
company’s profits). The profits of the property leasing and management business and the trading
profits decreased 39.58% and 0.54% respectively, compared to the same period of last year.
5.6 Utilization of raised funds
5.6.1 Utilization of raised funds
□ Applicable √ Not applicable深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
6
5.6.2 Changes of projects
□ Applicable √ Not applicable
5.7 The plan of the board of directors for revising the operation plan for the second half-year
□ Applicable √ Not applicable
5.8 The warning of possible losses for the period from the beginning of the year to the end of the next report
period on accumulative basis or great change of accumulative net profit compared with she same period of
the previous year and the explanation of reasons.
□ Applicable √ Not applicable
5.9 The management’s remarks on the “non-standard opinions” by the auditors for the report period.
□ Applicable √ Not applicable
5.10 The management’s remarks on any changes in and results of issues related to the “non opinions” by
the auditors for the previous year.
□ Applicable √ Not applicable
§6 Important Events
6.1 Acquisition or disposal of assets and asset reorganization
6.1.1 Acquisition or swap in of assets
□ Applicable √ Not applicable
6.1.2 Disposal or swap out of assets
□ Applicable √ Not applicable
6.1.3 The progress of the event after the publishing of asset reorganization report or announcement of
acquisition or disposal of assets and its influence on the operating results and financial status for the report
period.
□ Applicable √ Not applicable
6.2 Significant guarantee
√Applicable □Not applicable
Unit：RMB’0000
External Guarantee (Exclude controlled subsidiaries)深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
7
Name of the
Company
Relevant
disclosure
date/No. of
the
guaranteed
amount
Amount of
Guarantee
Date of
happening
(Date of
signing
agreement)
Actual
mount of
guarantee
Guarantee
type
Guarantee
term
Complete
implementat
ion
or not
Guarantee
for
associated
parties
(Yes or no)
Total of external guarantee
approved in Period(A1)
0.00
Total of actual external
guarantee in Period(A2)
0.00
Total of external guarantee
approved at Period-end(A3)
0.00
Total balance of actual
external guarantee at
Period-end(A4)
0.00
Guarantee of the Company for the controlling subsidiaries
Name of the
Company
guaranteed
Relevant
disclosure
date/No. of
the
guaranteed
amount
Amount
of
guarantee
Date of
happening
(Date o
signing
agreement)
Actual
mount of
guarantee
Guarantee
type
Guarantee
term
Complete
implementat
ion
or
not
Guarantee
for
associated
parties
(Yes or no)
Shenzhen
Beauty
Century
Garment Co.,
Ltd
December
13,2008(Ann
ouncement
No.:2008-27
)
2,000.00 November
27,2009 1,000.00
Guaranteei
ng of joint
liabilities.
1 year No No
Shenzhen
Shengbo
Optoelectro
nic
Technology
Co., Ltd.
July
4,2009(Anno
uncement
No.:2009-22
)
3,000.00 Note 0.00
Guaranteei
ng of joint
liabilities.
1 year Yes No
Shenzhen
Shengbo
Optoelectro
nic
Technology
Co., Ltd.
May
31,2010(Ann
ouncement
No.:2010-23
,25)
3,000.00 July 20,2010 0.00
Guaranteei
ng of joint
liabilities.
1 year No No
Total of guarantee for
subsidiaries approved in the
Period (B1)
0.00
Total of actual guarantee
for subsidiaries in the
Period (B2)
0.00
Total of guarantee for
subsidiaries
approved at Period-end (B3)
8,000.00
Total of actual guarantee
for subsidiaries at
Period-end (B4)
1,000.00
Total of Company’s guarantee（namely total of the large two aforementioned）
Total of guarantee in the Period
(A1+B1)
0.00
Total of actual guarantee in
the Period
(A2+B2)
0.00
Total of guarantee at Period-end
(A3+B3)
8,000.00
Total of actual guarantee at
Period-end
(A4+B4)
1,000.00
The proportion of the total amount of actually
guarantee in the net assets of the Company(that is A4+
B4)
2.02%深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
8
Including：
Amount of guarantee for shareholders, actual controller and its
associated parties(C) 0.00
The debts guarantee amount provided for the
Guaranteed parties whose assets-liability ratio exceed
70% directly or indirectly(D)
0.00
Proportion of total amount of guarantee in net assets of
the Company exceed 50%(E)
0.00
Total guarantee amount of the abovementioned
guarantees(C+D+E)
0.00
Explanations on possibly bearing joint and several liquidating
responsibilities for undue guarantees
There was no undue guarantee for which the Company may
bear joint liability for repayment.
Notes: Shenzhen Shengbo Optoelectronic Technology Co., Ltd. has solved the problem of shortage
of working capital through measures including acceleration of fund turnover. Therefore, it did not
sign this credit extension agreement with the bank.
6.3 Related transactions regarding normal operation
√Applicable □Not applicable
Unit:RMB’0000
The Company's financing to related party Financing of related party to the Company
Name of related party
Transaction amount Balance Transaction amount Balance
Shenzhen Tianlong Industry Trading
Co., Ltd. 0.00 68.64 0.00 0.00
Jordan Garment Factory 0.00 18.39 0.00 0.00
Shenzhen Xieli Automobile Co.,
Ltd
0.00 16.93 0.00 0.00
Shenzhen Xinfang Knitting Co., Ltd. 0.00 0.00 0.58 15.68
Shenzhen Xiangjiang Leather Produce
Co., Ltd 0.00 0.00 -17.30 35.00
Shenzhen Changlianfa Printing &
dyeing Company 0.00 0.00 15.30 47.80
Shenzhen Hengseng Investment
Company 0.00 0.00 -2.37 138.03
Shenzhen Trademark Factory
Co. Ltd
0.00 0.00 -140.00 285.39
Shenzhen Investment Holdings Co.,
Ltd. 0.00 0.00 6,000.00 6,000.00
Total 0.00 103.96 5,856.21 6,521.90
Including: In the report period, the Company provided funds of RMB 0.00 to its controlling shareholder and subsidiaries. The
balance of the funds provided by the Company to its controlling shareholder and subsidiaries was RMB 0.00.
6.4 Material lawsuits/Arbitrations
□ Applicable √ Not applicable
6.5 Notes to the other significant Events and their Influences and Analysis on the Solutions
√Applicable □Not applicable深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
9
In the first Provisional Shareholders’general meeting in 2009, The meeting examined and adopted the
Proposal on non-public offer of A share stocks to no more than ten specified entities including the
controlling shareholder (more details, pls refer to Announcement No. 2010-49 of the company).,
Shenzhen Investment Holdings Co., Ltd., and Shenzhen Century Science ＆Technology Investment
Corporation, a wholly-owned subsidiary of the actual controller of the company, Shenzhen
State-owned Assets Administration. On May 31, 2010, the non-public offer of the company was
verified and passed by China Securities Regulatory Commission (more details, pls refer to
Announcement No. 2010-22 of the company) and was approved with CSRC’s Permit No. [2010] 882
(more details, pls refer to Announcement No. 2010-28 of the company) on June 30,2010. On July 23,
2010, the company completed the offer at a price of RMB 9.30 per share, issued 91,397,849 shares
and raised a fund of RMB 849,999,945.70. The new shares were listed for trading on August 9, 2010.
(more details, pls refer to Announcement No. 2010-32 of the company).
6.5.1 Stock investment
□ Applicable √ Not applicable
6.5.2 Shareholding in other listed companies
√ Applicable □Not applicable
Unit: RMB
Stock Code
Stock
abbreviati
on:
Investment
amount at the
beginning
Proportion
of
shareholdin
g
Book Value at
the end of
report
Profit & loss
in the report
period
Change of
owner’s equity in
the report period
Accounting Share
Source
000018
ST Victor
Onward
A
12,510,038.68 6.02% 66,188,811.00 9,009,386.30 -23,136,556.04
Disposable
financial
assets
Sponsor
Legal
person
shares
Total 12,510,038.68 - 66,188,811.00 9,009,386.30 -23,136,556.04 - -
6.5.3 Fund Occupancy by principal Shareholder and Subsidiaries for non-operating purpose and
payment
□applicable √ not applicable
6.5.4 Implementations of commitments by the Company, shareholders and actual controller
√ Applicable □ Not applicable
Items of commitments Promisee Content of commitments Implementatio
n
Promise in share holding
structure reform
N/A N/A N/A
Commitments made in
Acquisition Report or
Reports on Change in
interests
N/A N/A N/A
Commitments made in
Material assets
Reorganization
N/A N/A N/A
Commitments made in Shenzhen Investment Shenzhen Investment Holdings Co., Ltd. and its wholly Under深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
10
issuing Holdings Co., Ltd. owned subsidiary, subsidiaries under control or any other
companies that have actual control of it shall not be
involved in the business the same as or similar to those
Shenzhen Textile currently or will run in the future, or any
businesses or activities that may constitute direct or
indirect competition with Shenzhen Textile; if the
operations of Shenzhen Investment Holdings Co., Ltd. and
its wholly owned subsidiaries, subsidiaries under control
or other companies that have actual control of it compete
with Shenzhen Textile in the same industry or contradict
the interest of the issuer in the future, Shenzhen
Investment Holdings Co., Ltd. shall urge such companies
to sell the equity, assets or business to Shenzhen Textile or
a third party; when the horizontal competition may occur
due to the business expansion concurrently necessary for
Shenzhen Investment Holdings Co., Ltd. and its its wholly
owned subsidiaries, subsidiaries under control or other
companies that have actual control of it and Shenzhen
Textile, Shenzhen Textile shall have priority.
fulfillment.
Other commitments
（Including: supplementary
commitments）
Shenzhen Investment
Holdings Co., Ltd.
1. 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.
Under
fulfillment.
6.5.5 Plans for profit distribution and transferring capital reserves to equity by the Board of Directors
□ Applicable √ Not applicable
6.5.6 Other misc. income subjects
Unit：RMB
Items Occurred current term Occurred in previous term
1．Gains(losses)from sellable financial assets -29,671,389.46 45,462,266.27
Less：Income tax influence of sellable financial assets -6,534,833.42 9,092,453.25
Net amount written into other gains and transferred into
gain/loss in previous terms
Subtotal -23,136,556.04 36,369,813.02
2．Shares in the other misc. income subjects in the investee
on equity basis
Less：income tax influence of shares in other gains of
investees on equity basis
Net amount written into other gains and transferred into
gain/loss in previous terms深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
11
Subtotal
3．Amount of gains(or losses) from cash flow hedge
instrument
Less: Income tax influence of cash flow hedge instruments
Net amount written into other gains and transferred into
gain/loss in previous terms
Adjusted amount transferred to initial amount of the target
project
Subtotal
4．Difference from translating of foreign currency financial
statements
Less: Net amount of disposing overseas Business and
transferred to current gain/loss
Subtotal
5．Other
Less：Income tax influence by other accounted into other
misc. incomes
Net amount accounted into other misc. income and
transferred into current gain/loss in previous terms
Subtotal
Total -23,136,556.04 36,369,813.02
6.6 The registration form of acceptance of investigation, communication and interview in the report period
for future reference
Date Place Mode Visitor Content of discussion and materials provided
January-1,2010-June
30,2010 Telephone Individual
Investor
Operating status and development
prospect of the Company, the controlling
shareholder's support to the Company's
business development, and Polarizer sheet
for LCD project etc.
January 13,2010 Wanlian
Securities
January 21,2010 Jiashi Fund
February 1,2010 Guosen
Sercurities
March 18,2010 New times
securities
April 6,2010 Jiangnan
Securities
May 26,2010 Huaxia Fund
June 24,2010
The
Company
Research
Xincheng
Fund
Operating status and development
prospect of the Company, Company
intends to issue stock to raise private
capital investment projects, Operating
status and development prospect of the
Company, Company intends to issue stock
to raise private capital investment projects
§7 Financial Report
7.1 Audit opinions
Financial Report √Not Audited □ Audited深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
12
7.2 Financial Statement
7.2.1 Balance Sheet
Prepared by:：Shenzhen Textile (Holdings) Co., Ltd. June 30, 20010 Unit：RMB
Year-end balance Year-beginning balance
Items
Consolidated
Parent Company.
Consolidated
Parent Company.
Current asset：
Monetary fund 108,234,510.63 30,213,562.23 101,340,314.95 19,539,632.30
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable 150,000.00 1,734,495.00
Account receivable 53,910,516.32 39,220,977.43
Prepayments 21,577,568.35 1,214,435.00 30,220,380.81 1,282,835.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable
Dividend receivable
Other account receivable 19,641,347.54 133,276,748.51 22,511,461.20 69,484,161.49
Repurchasing of
financial assets
Inventories 58,670,805.68 42,304,486.48
Non-current asset due in 1
year
Other current asset
Total of current assets 262,184,748.52 164,704,745.74 237,332,115.87 90,306,628.79
Non-current assets：
Loans and payment on
other’s behalf
disbursed
Disposable financial asset 66,188,811.00 66,188,811.00 97,228,693.20 97,228,693.20
Expired investment in
possess
Long-term receivable
Long term share equity
investment 45,497,748.89 223,974,796.66 45,918,671.87 224,395,719.64
Property investment 131,523,816.72 120,875,424.87 134,424,401.74 123,564,938.19
Fixed assets 214,123,349.15 76,700,284.39 220,135,667.48 78,212,675.45
Construction in progress 100,157,592.45 969,608.55 1,586,349.75深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
13
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 5,506,145.08 1,958,345.08 49,561,412.72 2,153,312.72
R & D petrol
Goodwill 9,614,758.55 9,614,758.55
Long-germ expenses to be
amortized 452,198.64 586,980.59
Differed income tax asset 6,741,656.04 5,085,139.94 6,173,805.16 4,361,844.93
Other non-current asset
Total of non-current assets 579,806,076.52 495,752,410.49 565,230,741.06 529,917,184.13
Total of assets 841,990,825.04 660,457,156.23 802,562,856.93 620,223,812.92
Current liabilities
Short-term loans 155,000,000.00 150,000,000.00 101,234,495.00 90,000,000.00
Loan from Central Bank
Deposit received and hold
for others
Call loan received
Trade off financial
liabilities
Bill payable
Account payable 47,463,738.89 4,580,636.12 51,968,320.22 7,441,753.57
Advance payment 31,361,500.85 639,024.58 27,483,029.17 639,024.58
Selling of repurchased
financial assets
Fees and commissions
receivable
Employees’ wage payable 11,760,348.97 4,150,564.69 13,379,439.90 4,961,087.87
Tax payable 4,056,459.33 2,104,739.50 4,618,939.41 872,772.47
Interest Payable 468,013.20 93,488.75
Dividend Payable
Other account payable 43,210,621.06 60,578,049.28 47,289,214.16 60,211,348.00
Reinsurance fee payable
Insurance contract
provision
Entrusted trading of
securities
Entrusted selling of
securities
Non-current liability due in
1 year
Other current liability
Total of current liability 293,320,682.30 222,053,014.17 246,066,926.61 164,125,986.49深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
14
Non-current liabilities：
Long-term loan 24,553,666.34 25,000,000.00
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax
liability 11,895,656.77 11,895,656.77 18,430,490.19 18,430,490.19
Other non-current
liabilities 17,252,575.70 19,819,142.86
Total of non-current
liabilities 53,701,898.81 11,895,656.77 63,249,633.05 18,430,490.19
Total of liability 347,022,581.11 233,948,670.94 309,316,559.66 182,556,476.68
Owners’ equity
Share capital 245,124,000.00 245,124,000.00 245,124,000.00 245,124,000.00
Capital reserves 96,044,751.61 87,461,769.82 119,181,307.65 110,598,325.86
Less：Shares in stock
Special reserve
Surplus reserves 31,832,178.67 31,832,178.67 31,832,178.67 31,832,178.67
Common risk provision
Undistributed profit 121,967,313.65 62,090,536.80 97,108,810.95 50,112,831.71
Different of foreign
currency translation
Total of owner’s equity
belong to the parent
company
494,968,243.93 426,508,485.29 493,246,297.27 437,667,336.24
Minor shareholders’ equity
Total of owners’ equity 494,968,243.93 426,508,485.29 493,246,297.27 437,667,336.24
Total of liabilities and
owners’ equity 841,990,825.04 660,457,156.23 802,562,856.93 620,223,812.92
7.2.2 Profit statement
Prepared by:：Shenzhen Textile (Holdings) Co., Ltd. January-June 2010 Unit：RMB
Current term Same period last year
Items
Consolidated Parent Company Consolidated Parent Company
I. Total business income 322,369,136.74 26,185,085.38 184,999,096.82 25,226,206.22
Incl：Business income 322,369,136.74 26,185,085.38 184,999,096.82 25,226,206.22
Interest income
Insurance fee earned
Fee and commission
received
II.Total business cost 308,208,839.07 22,813,394.18 176,384,919.71 15,980,166.46
Incl：Business cost 268,333,276.41 5,209,763.11 153,529,580.50 5,257,556.99深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
15
Interest expense
Fee and commission paid
Insurance discharge payment
Net claim amount paid
Net insurance policy reserves
Insurance policy dividend
paid
Reinsurance expenses
Business tax and surcharge 2,140,101.35 1,257,994.06 1,828,006.10 1,234,988.15
Sales expense 6,486,076.01 4,926,365.04
Administrative expense 27,545,944.53 11,932,377.06 15,833,670.15 9,658,979.92
Financial expenses 2,175,589.19 1,125,555.37 1,235,352.17 796,695.65
Asset impairment loss 1,527,851.58 3,287,704.58 -968,054.25 -968,054.25
Add：Gains from change
of fir value （“-”for loss）
Investment gain（“-”for loss） 11,883,866.62 11,391,272.25 17,784,027.09 17,322,196.14
Incl: investment gains from
affiliates 979,077.01 979,077.01 1,151,332.85 1,151,332.85
Gains from currency
exchange（“-”for loss）
III. Operational profit（“-”for
loss）
26,044,164.29 14,762,963.45 26,398,204.20 26,568,235.90
Add：Non-business income 4,982,567.16 853,452.70 755,455.70
Less：Non business expenses 1,107.68 200.00 27,914.65
Incl：Loss from disposal of
non-current assets
IV.Gross profit(“-”for loss） 31,025,623.77 14,762,763.45 27,223,742.25 27,323,691.60
Less：Income tax expenses 6,167,121.07 2,785,058.36 4,612,373.70 3,906,300.66
V. Net profit（“-”for net loss） 24,858,502.70 11,977,705.09 22,611,368.55 23,417,390.94
Net profit attributable to the
owners of parent company
24,858,502.70 11,977,705.09 22,611,368.55 23,417,390.94
Minor shareholders’ equity 0.00 0.00
VI. Earnings per share：
（I）Basic earnings per
share
0.10 0.05 0.09 0.10
(II)Diluted earnings per
share 0.10 0.05 0.09 0.10
VII. Other comprehensive income -23,136,556.04 -23,136,556.04 36,369,813.02 36,369,813.02
VIII. Total comprehensive income 1,721,946.66 -11,158,850.95 58,981,181.57 59,787,203.96
Total comprehensive income
attributable to the owner of the
parent company
1,721,946.66 -11,158,850.95 58,981,181.57 59,787,203.96
Total comprehensive income
attributable minority shareholders深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
16
7.2.3 Cash flow statement
Prepared by:：Shenzhen Textile (Holdings) Co., Ltd. January-June 2010 Unit：RMB
Current term Same period last year
Items
Consolidated Parent Company Consolidated Parent Company
I. Net cash flow from
business operation
Cash received from sales of
products and providing of
services
326,450,091.77 23,885,694.18 184,409,938.54 22,298,288.74
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 26,585,651.90 13,089,099.41
Other cash received from
business operation 900,678.20 2,807,176.52 1,231,637.08 4,034,650.71
Sub-total of cash inflow 353,936,421.87 26,692,870.70 198,730,675.03 26,332,939.45
Cash paid for purchasing of
merchandise and services 294,294,890.06 2,155,381.46 154,293,750.86 2,006,353.14
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深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
17
Cash paid for policy
dividend
Cash paid to staffs or paid
for staffs 24,298,731.85 5,260,089.92 16,644,934.34 5,445,829.00
Taxes paid 15,839,658.03 3,612,360.21 7,867,327.68 3,863,416.84
Other cash paid for
business activities 17,088,192.08 70,329,994.03 7,082,719.50 4,013,315.95
Sub-total of cash outflow
from business activities 351,521,472.02 81,357,825.62 185,888,732.38 15,328,914.93
Cash flow generated by
business operation, net 2,414,949.85 -54,664,954.92 12,841,942.65 11,004,024.52
II.Cash flow generated by
investing
Cash received from
investment retrieving 1,336,093.92 1,336,093.92 23,986,736.73 23,986,736.73
Cash received as investment
gains 10,482,188.42 9,989,594.05 17,090,628.61 16,628,797.66
Net cash retrieved from
disposal of fixed assets,
intangible assets, and other
long-term assets
4,000.00
Net cash received from
disposal of subsidiaries or
other operational units
Other investment-related
cash received
Sub-total of cash inflow due
to investment activities 11,818,282.34 11,325,687.97 41,081,365.34 40,615,534.39
Cash paid for construction of
fixed assets, intangible
assets and other
long-term assets
61,974,424.22 4,581,603.75 3,800,333.08 3,399,317.22
Cash paid as investment 39,000,000.00 39,000,000.00
Net increase of loan against
pledge
Net cash received from
subsidiaries and other
operational units
Other cash paid for
investment activities
Sub-total of cash outflow
due to investment
activities
61,974,424.22 4,581,603.75 42,800,333.08 42,399,317.22
Net cash flow generated by
investment -50,156,141.88 6,744,084.22 -1,718,967.74 -1,783,782.83
III.Cash flow generated
byfinancing
Cash received as
investment深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
18
Incl: Cash received as
investment from minor
shareholders
Cash received as loans 132,553,666.34 130,000,000.00 60,000,000.00 50,000,000.00
Cash received from
bond placing
Other financing –related
ash received 2,300,000.00
Sub-total of cash inflow
from financing activities 134,853,666.34 130,000,000.00 60,000,000.00 50,000,000.00
Cash to repay debts 77,000,000.00 70,000,000.00 71,000,000.00 59,000,000.00
Cash paid as dividend,
profit, or interests 3,204,422.50 1,176,930.00 8,406,205.05 8,087,078.54
Incl: Dividend and
profit paid by subsidiaries to
minor shareholders
Other cash paid for financing
activities 226,003.51 226,003.51 2,500,000.00 2,500,000.00
Sub-total of cash outflow
due to financing activities 80,430,426.01 71,402,933.51 81,906,205.05 69,587,078.54
Net cash flow generated by
financing 54,423,240.33 58,597,066.49 -21,906,205.05 -19,587,078.54
IV.Influence of exchange rate
alternation on cash and cash
equivalents
212,147.38 -2,265.86 4,481.29 4,481.29
V.Net increase of cash and
cash equivalents 6,894,195.68 10,673,929.93 -10,778,748.85 -10,362,355.56
Add: balance of cash and
cash equivalents at the
beginning of term
101,340,314.95 19,539,632.30 84,022,925.18 35,807,908.88
VI. Balance of cash and cash
equivalents at the end of term 108,234,510.63 30,213,562.23 73,244,176.33 25,445,553.32深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
19
7.2.4 Consolidated Statement of Change in Owners’ Equity
Prepared by:：Shenzhen Textile (Holdings) Co., Ltd. January 30, 2010 Unit：RMB
Amount of the Current term Amount of the previous term
Owner’s equity Attributable to the Parent Company Owner’s equity Attributable to the Parent Company
Items Share
Capita
l
Capita
l
reserv
es
Less:
Shares
in
stock
Special
reserve
Surplu
s
reserv
es
Com
mon
risk
provis
ions
Attrib
utable
profit
Other
Minor
shareh
olders’
equity
Total
of
owner
s’
equity
Share
Capita
l
Capita
l
reserv
es
Less:
Shares
in
stock
Special
reserve
Surplu
s
reserv
es
Com
mon
risk
provis
ions
Attrib
utable
profit
Other
Minor
shareh
olders’
equity
Total
of
owner
s’
equity
I.Balance at the end of
last year
245,12
4,000.0
0
119,18
1,307.6
5
31,832,
178.67
97,108,
810.95
493,24
6,297.2
7
245,12
4,000.0
0
68,921,
594.03
30,499,
588.38
72,682,
114.10
417,22
7,296.5
1
Add: Change of
accounting policy
Correcting of previous
errors
Other
II.Balance at the
beginning of current year
245,12
4,000.0
0
119,18
1,307.6
5
31,832,
178.67
97,108,
810.95
493,24
6,297.2
7
245,12
4,000.0
0
68,921,
594.03
30,499,
588.38
72,682,
114.10
417,22
7,296.5
1
III.Changed in the
current year
-23,136
,556.04
24,858,
502.70
1,721,9
46.66
36,369,
813.02
10,355,
168.55
46,724,
981.57
（I） Net profit
24,858,
502.70
24,858,
502.70
22,611,
368.55
22,611,
368.55
（II）Other misc.income -23,136 -23,136 36,369, 36,369,深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
20
,556.04 ,556.04 813.02 813.02
Total of (I) and (II)
-23,136
,556.04
24,858,
502.70
1,721,9
46.66
36,369,
813.02
22,611,
368.55
58,981,
181.57
(III) Investment or
decreasing of capital by
owners
1. Capital inputted by
owners
2．Amount of shares
paid and accounted as
owners’ equity
3. Other
（IV）Profit allotment
-12,256
,200.00
-12,256
,200.00
1.Providing of surplus
reserves
2.Providing of common risk
provisions
3．Allotment to the owners
(or shareholders)
-12,256
,200.00
-12,256
,200.00
4．Other
(V) Internal transferring of
owners’ equity
1. Capitalizing of capital
reserves (or to capital shares)深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
21
2. Capitalizing of surplus
reserves (or to capital shares)
3．Making up losses by
surplus reserves.
4. Other
(VI) Special reserves
1. Provided this year
2．Used this term
IV. Balance at the end of this
term
245,12
4,000.0
0
96,044,
751.61
31,832,
178.67
121,96
7,313.6
5
494,96
8,243.9
3
245,12
4,000.0
0
105,29
1,407.0
5
30,499,
588.38
83,037,
282.65
463,95
2,278.0
8
7.2.5 Statement on changes of parent company owners’ equity
Prepared by:：Shenzhen Textile (Holdings) Co., Ltd. January 30, 2010 Unit：RMB
Amount of the Current term Amount of the previous term
Items Share
Capital
Capital
reserves
Less:
Shares
in stock
Special
reserve
Surplus
reserves
Commo
n risk
provisio
ns
Attribut
able
profit
Total of
owners’
equity
Share
Capital
Capital
reserves
Less:
Shares
in stock
Special
reserve
Surplus
reserves
Commo
n risk
provisio
ns
Attribut
able
profit
Total of
owners’
equity
I.Balance at the end of
last year
245,124,0
00.00
110,598,3
25.86
31,832,17
8.67
50,112,83
1.71
437,667,3
36.24
245,124,0
00.00
68,921,59
4.03
30,499,58
8.38
72,682,11
4.10
417,227,2
96.51
Add: Change of
accounting policy
Correcting of previous深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
22
errors
Other
II.Balance at the
beginning of current year
245,124,0
00.00
110,598,3
25.86
31,832,17
8.67
50,112,83
1.71
437,667,3
36.24
245,124,0
00.00
68,921,59
4.03
30,499,58
8.38
72,682,11
4.10
417,227,2
96.51
III.Changed in the
current year
-23,136,5
56.04
11,977,70
5.09
-11,158,8
50.95
36,369,81
3.02
10,355,16
8.55
46,724,98
1.57
（I） Net profit
11,977,70
5.09
11,977,70
5.09
22,611,36
8.55
22,611,36
8.55
（II） Gains losses
accounted into owners’
equity directly
-23,136,5
56.04
-23,136,5
56.04
36,369,81
3.02
36,369,81
3.02
I.Changed in fair value
of sellable financial
assets, net
-23,136,5
56.04
11,977,70
5.09
-11,158,8
50.95
36,369,81
3.02
22,611,36
8.55
58,981,18
1.57
2. Influence of change
in other owners’ equity
of invested enterprises on
equity basis
3．Influence of
income tax related to
owners’ equity items
4．Other
Total of (I) and (II)
（III） Investment or
decreasing of capital by
-12,256,2
00.00
-12,256,2
00.00深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
23
owners
1.Investment by
owners
2．Amount of shares
paid and accounted as
owners’ equity
3．Other
-12,256,2
00.00
-12,256,2
00.00
（IV） Profit
allotment
1．Providing of
surplus reserves
2.Providing of
common risk provisions
3．Allotment to the
owners
4．Other
（V） Internal
transferring of owners’
equity
1．Capitalizing of capital
reserves
2．Capitalizing of surplus
reserves
3．Making up losses深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
24
by surplus reserves
4．Other
245,124,0
00.00
87,461,76
9.82
31,832,17
8.67
62,090,53
6.80
426,508,4
85.29
245,124,0
00.00
105,291,4
07.05
30,499,58
8.38
83,037,28
2.65
463,952,2
78.08
IV. Balance at the end of
this term深圳市纺织(集团)股份有限公司2010 年半年度报告摘要
25
7.3 Notes to the financial statements
7.3.1 Changing of accounting policies, accounting estimations or correcting of accounting errors
□Applicable √Not applicable
7.3.2 Major change in consolidation range of financial report
□Applicable √Not applicable
7.3.3 Provide statements on the issues if non-standard auditing report without qualified opinions was
issued..
□Applicable √Not applicable
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.
August 20,2010
