Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
Stock code: 000045，200045 Stock Abbreviation: Shen Textile A ，Shen Textile B Announcement No.:
2011-28
Shenzhen Textile (Holding) Co., Ltd.
Summary of the Semi-Annual Report 2011
§1 Important notes
1.1 The board of directors and directors 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.
1.2Directors other than the followings presented the Board Meeting on which this report was examined:
Reason for not presenting the
Name of the director absented Position Name of consignee
meeting
Zhang Yong Independent director On business trip Shi Weihong
1.3 The financial report of the semi-annual report has not been audited.
1.4 Wang Bin, Chairman of the board, Zhu Jun, Chief Financial and Liu Yi, and the Chief 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
Name Chao Jin
Contact address 6/F, Shenfang Building, No.3 Huaqiang North Road, Futian District, Shenzhen
Tel 0755-83776043
Fax 0755-83776139
E-mail chaoj@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
End of the previous
year Increase /Decrease （％）
year
Total assets 1,649,822,837.21 1,655,422,298.41 -0.34%
Owners’ equity attributable to shareholders of the
1,373,680,813.21 1,345,969,224.97 2.06%
listed company
Share capital 336,521,849.00 336,521,849.00 0.00%
Net assets per share attributable to shareholders of 4.08 4.00 2.00%
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Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
the listed company(RMB/share)
Report period（Jan－ Same period of the Increase /decrease over the same
June） previous year period of the previous year（％）
Total operating income 319,182,717.75 322,369,136.74 -0.99%
Operating profit 25,179,211.88 26,044,164.29 -3.32%
Total profit 40,796,734.67 31,025,623.77 31.49%
Total operating income 32,363,976.69 24,858,502.70 30.19%
Operating profit 18,953,108.64 13,945,642.99 35.91%
Total profit 0.10 0.10 0.00%
Net profit attributable to shareholders of the listed
0.10 0.10 0.00%
company
Net profit attributable to shareholders of the listed
company after deducting non-recurring gains and 2.38% 5.03% Decreased by 2.65%
losses
Basic earnings per share(RMB/share) 1.39% 2.82% Decreased by 1.43%
Diluted earnings per share(RMB/share) 12,543,748.76 2,414,949.85 419.42%
Return on equity（%） 0.04 0.01 300.00%
Weighted average return on equity after
deducting non-recurring gain and loss（%）
Net cash flow arising from operating activities
Net cash flow per share arising from operating
activities (RMB/share)
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 loss for disposal of non-current assets 52,994.00
"Governmental subsidy accounted for as profits or losses for current
period" includes governmental R&D subsidy of RMB 3,954,990.00
appropriated by Shenzhen Development and Reform Commission,
national aid of RMB 500,000.00 for special project of new-type panel
Governmental Subsidy accounted as display industrialization, supporting funds of RMB 100,000.00 for
4,690,090.02
current gain/loss technology industrialization demonstration project and loan discount of
RMB 49,600.02 appropriated by Shenzhen Financial Bureau, which
were apportioned in current period, and economic development
supporting fund of RMB 85,500 received from Futian Chamber of
Commerce;
The investment income from financial assets available for sale is the
The disposal available-for-sale financial
1,482,128.46 income from the Company's sale of shares of Shenzhen Victor Onward
assets gains return on investment
Textile Industrial Co., Ltd.
“Other non-operating income and expenditure except the
above-mentioned items” mainly due to receipt of 1,085,733 A shares of
Guangdong Sunrise Group Co., Ltd. (the market value of these shares
was RMB 9,847,598.31 according to the closing price of A shares of *
Net amount of non-operating income and ST Sunrise on May 17, 2010 (the last trading day before suspension of
10,874,438.77
expense except the aforesaid items listing), i.e., RMB 9.07 per share) and cash of RMB 702,694.14 (RMB
10,550,292.45 in total as recognized non-operating income) according
to (2010) Shen Zhong Fa Min Qi Zhong Zhen Zi No. 5-5 Civil Award
and the Plan for Reorganization of Guangdong Sun Rise Group Co.,
Ltd(Refer to No. 2011-39 Announcement of the Company for details).
Amount of influence of income tax -3,688,783.20
Total 13,410,868.05 -
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Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
2.2.3 Difference of domestic and foreign accounting standards
□ Applicable√ Not applicable
§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 16,643
Top 10 shareholders
Properties of Share Pledged or
Name of the shareholder Total shares Conditional shares
shareholder proportion % frozen
Shenzhen Investment State-owned legal
54.26% 182,611,460 37,634,408 0
Holdings Co., Ltd. person
Shenzhen Shenchao
State-owned legal
Technology Investment 4.79% 16,129,032 16,129,032 0
person
Co., Ltd.
Zhejiang Silicon Valley
Domestic non-
Tiantang Kuncheng
State-owned legal 4.23% 14,245,161 14,245,161 0
Chuangye Investment
person
Co., Ltd.
Domestic non-
Huabao Intrust Co., Ltd. State-owned legal 3.04% 10,215,053 10,215,053 0
person
PICC Health Insurance Domestic non-
Co., Ltd.- Universal State-owned legal 2.56% 8,602,150 8,602,150 0
Insurance Production person
Changzhou Investment State-owned legal
0.72% 2,421,495 2,421,495 0
Group Co., Ltd. person
China People’s Life
Domestic non-
insurance Co.,
State-owned legal 0.64% 2,150,550 2,150,550 0
Ltd.-Dividend –Individual
person
Dividend
CHINA OPPORTUNITIES Foreign Legal
0.38% 1,271,367 0 0
H-B FUND person
Domestic nature
Zheng Bangsheng person shares
0.35% 1,169,000 0 0
China Merchants State-owned legal
0.28% 956,617 0 0
Securities (HK) Co., Ltd. person
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
Foreign shares placed in
CHINA OPPORTUNITIES H-B FUND 1,271,367
domestic exchange
3
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
Foreign shares placed in
Zheng Bangsheng 1,169,000
domestic exchange
Foreign shares placed in
China Merchants Securities (HK) Co., Ltd 956,617
domestic exchange
Shenzhen Zhongnan Liankang Technology
916,603 RMB Common shares
Co., Ltd.
Foreign shares placed in
Xu Ruijiang 757,188
domestic exchange
Foreign shares placed in
Liu Hong 710,000
domestic exchange
Foreign shares placed in
Zheng Chuangjian 643,800
domestic exchange
Foreign shares placed in
Hong Yuansheng 635,000
domestic exchange
Foreign shares placed in
Jin Mingfei 621,950
domestic exchange
The Chinese legal person Shenzhen Shenchao Technology Investment Co., Ltd. is a 100%
Notes to the related subsidiary of Shenzhen Investment Holding Co., Ltd, which thus is a person acting in
relationship between the concert. There is no affiliation among the other state-owned legal persons as a shareholder.
top ten shareholders or Except this, the Company does not know whether there is relation between social public
their concerted action 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
Increase/decreas Increase or
Increase/decreas
e of income decrease of Gross
Gross profit e of cost of main
Income from key Cost of key from main profit ratio from
On industry or production operation over
business business ratio（%） operation over main operation
the previous year
the previous year over the previous
(%)
(%) year (%)
Domestic and foreign
13,361.59 13,295.98 0.49% -14.68% -14.77% 0.11%
trade
Manufacturing 14,880.97 11,669.22 21.58% 15.05% 8.56% 4.68%
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Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
Lease and Management
3,492.47 970.24 72.22% 0.83% 22.74% -4.96%
of Property
Table of the status of main operation in terms of product
Income from Lease and
3,492.47 970.24 72.22% 0.83% 22.74% -4.96%
Management of Property
Income from textile 3,647.10 2,846.34 21.96% 56.68% 39.54% 9.58%
Income from Polarizer
11,233.87 8,822.87 21.46% 5.91% 1.31% 3.57%
sheet
Income from Trading 13,361.59 13,295.98 0.49% -14.68% -14.77% 0.11%
5.2 The status of key business in terms of areas
Unit：（RMB’0000）
Area Income from key business Increase/decrease of income（％）
Domestic 13,458.98 29.12%
Foreign 18,276.05 -15.53%
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, Since Guangdong Sunrise Holdings Co., Ltd.
has implemented the debt reorganization plan, the company has gained its repayment of 1,085,700 of Share A and
RMB 702,700 in cash, which is recognized as the non-business income of RMB 10,550 during the reporting period,
this extraordinary factor is the main reason of an increase of the total profits over last year. If excluding this effect
of incomparable factor on the total profits, the industrial enterprises account for 50.03% of total comparable profits,
18.93 percentage points higher than that in the same period of previous year.The profits of the property leasing and
management business which occupied 48.22% and the trading profits which occupied 1.76% decreased 18.69%
and 0.23% respectively, compared to the same period of last year.
5.6 Utilization of raised funds
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Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
5.6.1 Utilization of raised funds
√Applicable □Not applicable
Unit：（RMB’0000）
Total Amount of Raised Capital 82,876.80
Total Amount Of Raised Capital Invested in the
Total Amount of Raised Capital for Use Changed in the 32,990.30
0.00 Reporting Period
Reporting Period
Total Amount for Accumulative Changed Raised Capital 0.00
Total Amount Of Accumulated Raised Capital
Total Amount Proportion for Accumulative Changed Raised 46,748.29
Invested
0.00%
Capital
Balance between
Total Amount for Access to Change
Projects Total Amount of Total Amount Total Amount for Usable Achieve the
Changed Total Amount Accumulative Benefits in Greatly for
Promised Projects of Raised Capital Invested within Accumulative Put
of Adjusted Date For Expected
Investment （Including Part For Investment the Reporting up to the End of Invested
Investment the Reporting Projects
of Changing） Promised Period Period (2) Projects Benefits
& Promised Up To Period Feasibility
The End of Period
(3)＝(2)-(1)
Promised Projects of
Investment
Polarizer sheet for December Not
No 82,876.80 82,876.80 32,990.30 46,748.29 56.41% 0.00 No
LCD 1,2012 applicable
Subtotal of the committed
- 82,876.80 82,876.80 32,990.30 46,748.29 - - 0.00 - -
investment projects
Intended investment with
unbooked proceeds
Repayment of bank loan
- - - - -
（If any）
Replenishing the working
- - - - -
capital（If any）
Subtotal of intended
investment with unbooked - 0.00 0.00 0.00 0.00 - - 0.00 - -
proceeds
6
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
Total - 82,876.80 82,876.80 32,990.30 46,748.29 - - 0.00 - -
Analysis For Failure To
Reach The Planned The company has a schedule to change the narrow bound of production line to the wide one, but it is unsuccessful, which influences the
Schedule And Earnings construction progress of the narrow lines. (Refer to No. 2011-14,2011-19 and 2011-22 Announcement of the Company for details)
（Specific Projects
Notes to significant
change in feasibility of the Not applicable
project
Amount, application and
application progress of the Not applicable
unbooked proceeds
About the change of the
implementation site of the
Not applicable
projects invested with the
proceeds
About the change of the
implementation method of
Not applicable
the projects invested with
the proceeds
About the initial
investment in the projects
planned to be invested Not applicable
with the proceeds and the
replacement
Using the idle proceeds to On February 22, 2011，The 8th meeting of the Fifth board of directors of the Company “the proposal of supplementing raising partial unused
supplement the working funds into circulating funds”，approved of using 80 million RMB for supplementing raising partial unused funds into circulating funds, the
capital on temporary basis duration of service will not exceed 6 months
Balance of the proceeds in
process of project
Not applicable
implementation and the
cause
About application and
As of June 30, 2011, The balance amount of fundraising special account is RMB 288.6461 million, it will be fully used in committed
status of the proceeds
unused investment project.
Problems existing in
application of the proceeds
Non
and the information
disclosure or other issues
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Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
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
6.2 Significant guarantee
8
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
√Applicable □Not applicable
Unit：RMB’0000
External Guarantee (Exclude controlled subsidiaries)
Relevant Guarantee
Date of
disclosure for
Amount happening Actual Complete
Name of the date/No. of Guarantee Guarantee associated
of (Date of mount of implementation
Company the type term parties
Guarantee signing guarantee or not
guaranteed (Yes or
agreement)
amount no)
Total of external guarantee Total of actual external
0.00 0.00
approved in Period(A1) guarantee in Period(A2)
Total balance of actual
Total of external guarantee
0.00 external guarantee at 0.00
approved at Period-end(A3)
Period-end(A4)
Guarantee of the Company for the controlling subsidiaries
Relevant Guarantee
Date of
disclosure Complete for
Name of the Amount happening Actual
date/No. of Guarantee Guarantee implementation associated
Company of (Date o mount of
the type term or parties
guaranteed guarantee signing guarantee
guaranteed not (Yes or
agreement)
amount no)
Shenzhen
Shengbo June Guaranteeing
May 31,
Optoelectronic 1,2010(Announcement 3,000.00 3,000.00 of joint 18 months No No
2010
Technology Co., No.:2010-22-25) liabilities.
Ltd.
Shenzhen
Shengbo July Guaranteeing
September 12 months
Optoelectronic 13,2010(Announcement 12,000.00 12,000.00 of joint No No
15,2010 y
Technology Co., No.:2010-29,31) liabilities.
Ltd.
Total of actual
Total of guarantee for subsidiaries guarantee
0.00 0.00
approved in the Period (B1) for subsidiaries in the
Period (B2)
Total of actual
Total of guarantee for subsidiaries guarantee
15,000.00 15,000.00
approved at Period-end (B3) for subsidiaries at
Period-end (B4)
Total of Company’s guarantee（namely total of the large two aforementioned）
Total of actual
Total of guarantee in the Period guarantee in
0.00 0.00
(A1+B1) the Period
(A2+B2)
Total of actual
Total of guarantee at Period-end guarantee at
15,000.00 15,000.00
(A3+B3) Period-end
(A4+B4)
The proportion of the total amount of actually
10.92%
guarantee in the net assets of the Company(that is A4+
9
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
B4)
Including：
Amount of guarantee for shareholders, actual controller and its
0.00
associated parties(C)
The debts guarantee amount provided for the
Guaranteed parties whose assets-liability ratio exceed 0.00
70% directly or indirectly(D)
Proportion of total amount of guarantee in net assets of
0.00
the Company exceed 50%(E)
Total guarantee amount of the abovementioned
15,000.00
guarantees(C+D+E)
Explanations on possibly bearing joint and several liquidating There was no undue guarantee for which the
responsibilities for undue guarantees Company may bear joint liability for repayment.
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
0.00 68.64 0.00 0.00
Co., Ltd.
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 0.00 21.68
Shenzhen Xiangjiang Leather
0.00 0.00 11.00 24.00
Produce Co., Ltd
Shenzhen Changlianfa Printing &
2.40 0.00 0.00 83.24
dyeing Company
Shenzhen Hengseng Investment
0.00 0.00 0.00 136.79
Company
Shenzhen Haohao Property Leasing
15.00 0.00 0.00 315.39
Co. Ltd.
Total 17.40 103.96 11.00 581.10
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
6.5.1 Stock investment
10
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
□ Applicable √ Not applicable
6.5.2 Shareholding in other listed companies
√ Applicable □Not applicable Unit: RMB
Investment Change of owner’s
Stock Proportion of Book Value at the Profit & loss in
Stock abbreviation: amount at the equity in the report Accounting Share Source
Code shareholding end of report the report period
beginning period
Disposable
ST Victor Onward
000018 11,356,638.86 5.64% 69,189,606.50 1,482,128.46 -4,652,388.45 financial IPO
A
assets
Disposable Debt
000030 *ST Sunrise A 9,847,598.31 0.38% 9,847,598.31 9,847,598.31 0.00 financial
assets restructuring
Total 21,204,237.17 - 79,037,204.81 11,329,726.77 -4,652,388.45 - -
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
Companies or shareholders holding more than 5% equity during the reporting period or the
commitments continued to the reporting period
√ Applicable □Not applicable
Items of commitments Promisee Content of commitments Implementation
Promise in share holding
N/A N/A N/A
structure reform
Commitments made in
Acquisition Report or
N/A N/A N/A
Reports on Change in
interests
Commitments made in
Material assets N/A N/A N/A
Reorganization
Shenzhen Investment Holdings Co., Ltd. signed a “Letter of
Commitment and Statement on Horizontal Competition
Avoidance” when the company issued non-public stocks in
2010. Pursuant to the Letter of Commitment and Statement,
Shenzhen Investment Holdings Co., Ltd. and its wholly owned
subsidiary, subsidiaries under control or any other companies
Shenzhen
Commitments made in that have actual control of it shall not be involved in the Under
Investment
issuing fulfillment.
Holdings Co., Ltd. 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
11
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
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 wholly owned subsidiaries, subsidiaries under
control or other companies that have actual control of it and
Shenzhen Textile, Shenzhen Textile shall have priority.
As Shenzhen Investment Holdings Co., Ltd., the controlling
shareholder of the company, committed when the
restricted-for-sale shares from the shares restructuring were
listed for circulation in the market: i. if they plan to sell the
shares through the securities exchange system in the future, and
Other commitments Shenzhen the decrease of the shares they hold reaches 5% within 6 months Under
（Including: supplementary Investment
fulfillment.
commitments） Holdings Co., Ltd. after the first decrease, they will disclose an announcement
indicating the sale through the company within two trading days
before the first decrease; ii. They shall strictly observe the
“Guidelines on Transfer of Restricted-for-sale Original Shares of
Listed Companies” and the provisions of the relevant business
principles of Shenzhen Stock Exchange.
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 -6,058,769.00 -29,671,389.46
Less：Income tax influence of sellable financial assets -1,406,380.55 -6,534,833.42
Net amount written into other gains and transferred into
gain/loss in previous terms
Subtotal -4,652,388.45 -23,136,556.04
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
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
12
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
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 -4,652,388.45 -23,136,556.04
6.6 The registration form of acceptance of investigation, communication and interview in the report period for
future reference
Content of discussion and materials
Date Place Mode Visitor
provided
Get a general idea of the company’s
From January 1, 2011 Individual business, the progress of polarizer
The Company Telephone
June 30,to2011 Investor projects and the impact of Japanese
earthquake on the company
Get a general idea of the progress of
June 20,2011 The Company Onsite investigation
Individual polarizer projects and also, offer the
Investor printed copy of Annual Report 2010.
§7 Financial Report
7.1 Audit opinions
Financial Report √Not Audited □ Audited
7.2 Financial Statement
7.2.1 Balance Sheet
Prepared by:：Shenzhen Textile (Holdings) Co., Ltd. June 30, 2011 Unit：（RMB）
Year-end balance Year-beginning balance
Items Parent Company. Parent Company.
Consolidated Consolidated
Current asset：
Monetary fund 498,986,454.63 299,746,287.48 830,236,037.30 483,902,800.37
Settlement provision
Outgoing call loan
Trading financial assets
13
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
Bill receivable 2,107,763.05
Account receivable 57,469,117.54 48,148,305.15
Prepayments 24,594,257.01 2,092,000.00 4,681,130.84 881,080.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable 1,836,339.85 1,836,339.85 2,203,227.00 2,203,227.00
Dividend receivable
Other account receivable 25,654,944.30 21,377,171.00 30,015,024.72 25,218,113.04
Repurchasing of
financial assets
Inventories 67,936,176.52 60,986,770.44
Non-current asset due in 1
year
Other current asset
Total of current assets 678,585,052.90 325,051,798.33 976,270,495.45 512,205,220.41
Non-current assets：
Loans and payment on
other’s behalf
disbursed
Disposable financial asset 79,037,204.81 79,037,204.81 75,481,853.50 75,481,853.50
Expired investment in
possess
Long-term receivable
Long term share equity
46,947,791.21 775,424,838.98 47,250,337.33 575,727,385.10
investment
Property investment 164,910,744.18 154,844,864.74 168,268,522.84 157,914,202.69
Fixed assets 160,142,264.53 33,764,093.25 166,482,617.12 34,758,106.27
Construction in progress 454,072,158.61 2,006,624.19 155,260,944.31
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 47,605,567.53 1,568,439.80 48,642,431.17 1,763,383.44
R & D petrol
Goodwill 9,614,758.55 9,614,758.55
Long-germ expenses to be
1,111,955.26 897,757.98
amortized
Differed income tax asset 7,795,339.63 4,374,127.20 7,252,580.16 4,339,038.67
Other non-current asset
Total of non-current assets 971,237,784.31 1,051,020,192.97 679,151,802.96 849,983,969.67
Total of assets 1,649,822,837.21 1,376,071,991.30 1,655,422,298.41 1,362,189,190.08
Current liabilities
14
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
Short-term loans 2,000,000.00
Loan from Central Bank
Deposit received and hold
for others
Call loan received
Trade off financial
liabilities
Bill payable
Account payable 34,112,216.58 1,590,881.57 33,098,532.04 1,732,905.87
Advance payment 35,627,099.58 639,024.58 13,922,128.20 639,024.58
Selling of repurchased
financial assets
Fees and commissions
receivable
Employees’ wage payable 18,308,399.02 4,581,840.45 20,785,444.97 6,529,841.13
Tax payable -27,001,427.03 4,089,769.37 4,011,683.39 2,333,265.14
Interest Payable 2,298,867.02 154,092.20
Dividend Payable
Other account payable 49,231,541.90 65,138,344.05 47,759,095.14 63,396,499.56
Reinsurance fee payable
Insurance contract
provision
Entrusted trading of
securities
Entrusted selling of
securities
Non-current liability due in
21,000,000.00
1 year
Other current liability
Total of current liability 112,576,697.07 76,039,860.02 142,730,975.94 74,631,536.28
Non-current liabilities：
Long-term loan 96,719,008.30 96,719,008.30
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax
14,039,722.96 13,927,636.24 15,446,103.51 15,334,016.79
liability
Other non-current
52,806,595.67 54,556,985.69
liabilities
Total of non-current
163,565,326.93 13,927,636.24 166,722,097.50 15,334,016.79
liabilities
Total of liability 276,142,024.00 89,967,496.26 309,453,073.44 89,965,553.07
Owners’ equity
15
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
Share capital 336,521,849.00 336,521,849.00 336,521,849.00 336,521,849.00
Capital reserves 835,144,726.68 826,561,744.89 839,797,115.13 831,214,133.34
Less：Shares in stock
Special reserve
Surplus reserves 34,086,443.10 34,086,443.10 34,086,443.10 34,086,443.10
Common risk provision
Undistributed profit 167,927,794.43 88,934,458.05 135,563,817.74 70,401,211.57
Different of foreign
currency translation
Total of owner’s equity
belong to the parent 1,373,680,813.21 1,286,104,495.04 1,345,969,224.97 1,272,223,637.01
company
Minor shareholders’ equity
Total of owners’ equity 1,373,680,813.21 1,286,104,495.04 1,345,969,224.97 1,272,223,637.01
Total of liabilities and
1,649,822,837.21 1,376,071,991.30 1,655,422,298.41 1,362,189,190.08
owners’ equity
7.2.2 Profit statement
Prepared by:：Shenzhen Textile (Holdings) Co., Ltd. January-June 2011 Unit：（RMB）
Current term Same period last year
Items
Consolidated Parent Company Consolidated Parent Company
I. Total business income 319,182,717.75 27,412,012.19 322,369,136.74 26,185,085.38
Incl：Business income 319,182,717.70 27,412,012.19 322,369,136.74 26,185,085.38
Interest income
Insurance fee earned
Fee and commission
received
II.Total business cost 297,505,664.40 17,464,616.24 308,208,839.07 22,813,394.18
Incl：Business cost 261,172,573.17 5,806,617.39 273,132,795.71 5,209,763.11
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 3,553,081.05 2,426,440.81 3,153,374.16 2,271,266.87
Sales expense 3,444,774.44 1,815,600.87
Administrative expense 30,654,365.07 13,462,239.34 26,403,627.56 10,919,104.25
Financial expenses -4,343,761.14 -4,084,479.09 2,175,589.19 1,125,555.37
Asset impairment loss 3,024,631.81 -146,202.21 1,527,851.58 3,287,704.58
16
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
Add：Gains from change
of fir value （“-”for loss）
Investment gain（“-”for loss） 3,502,158.53 2,960,216.90 11,883,866.62 11,391,272.25
Incl: investment gains from
97,453.88 97,453.88 979,077.01 979,077.01
affiliates
Gains from currency
exchange（“-”for loss）
III. Operational profit（“-”for
25,179,211.88 12,907,612.85 26,044,164.29 14,762,963.45
loss）
Add：Non-business income 15,619,413.07 10,919,223.05 4,982,567.16
Less：Non business expenses 1,890.28 88.28 1,107.68 200.00
Incl：Loss from disposal of
non-current assets
IV.Gross profit(“-”for loss） 40,796,734.67 23,826,747.62 31,025,623.77 14,762,763.45
Less：Income tax expenses 8,432,757.98 5,293,501.14 6,167,121.07 2,785,058.36
V. Net profit（“-”for net loss） 32,363,976.69 18,533,246.48 24,858,502.70 11,977,705.09
Net profit attributable to the
32,363,976.69 18,533,246.48 24,858,502.70 11,977,705.09
owners of parent company
Minor shareholders’ equity
VI. Earnings per share：
（I）Basic earnings per
0.10 0.06 0.10 0.05
share
(II)Diluted earnings per
0.10 0.06 0.10 0.05
share
VII. Other comprehensive income -4,652,388.45 -4,652,388.45 -23,136,556.04 -23,136,556.04
VIII. Total comprehensive income 27,711,588.24 13,880,858.03 1,721,946.66 -11,158,850.95
Total comprehensive income
attributable to the owner of the 27,711,588.24 13,880,858.03 1,721,946.66 -11,158,850.95
parent company
Total comprehensive income
attributable minority shareholders
For the enterprises under the same control consolidated in the report period, the net profit realized by the consolidee before the
consolidation is RMB 0.00.
7.2.3 Cash flow statement
Prepared by:：Shenzhen Textile (Holdings) Co., Ltd. January-June 2011 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 311,780,179.42 24,909,346.70 326,450,091.77 23,885,694.18
services
Net increase of customer
deposits and capital kept for
17
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
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 23,683,459.82 26,585,651.90
Other cash received from
7,189,737.10 9,248,049.28 900,678.20 2,807,176.52
business operation
Sub-total of cash inflow 342,653,376.34 34,157,395.98 353,936,421.87 26,692,870.70
Cash paid for purchasing of
259,863,190.15 1,719,903.98 294,294,890.06 2,155,381.46
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
33,599,761.08 8,992,339.31 24,298,731.85 5,260,089.92
for staffs
Taxes paid 18,805,471.26 4,895,304.51 15,839,658.03 3,612,360.21
Other cash paid for
17,841,205.09 7,800,603.93 17,088,192.08 70,329,994.03
business activities
Sub-total of cash outflow
330,109,627.58 23,408,151.73 351,521,472.02 81,357,825.62
from business activities
Cash flow generated by
12,543,748.76 10,749,244.25 2,414,949.85 -54,664,954.92
business operation, net
18
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
II.Cash flow generated by
investing
Cash received from
1,957,406.46 1,957,406.46 10,377,879.04 10,377,879.04
investment retrieving
Cash received as investment
1,654,292.08 1,415,634.56 1,440,403.30 947,808.93
gains
Net cash retrieved from
disposal of fixed assets,
64,494.00 52,994.00
intangible assets, and other
long-term assets
Net cash received from
disposal of subsidiaries or
other operational units
Other investment-related
208,638,835.75 201,433,611.71
cash received
Sub-total of cash inflow due
212,315,028.29 204,859,646.73 11,818,282.34 11,325,687.97
to investment activities
Cash paid for construction of
fixed assets, intangible
330,575,486.29 2,195,961.37 61,974,424.22 4,581,603.75
assets and other
long-term assets
Cash paid as investment 200,000,000.00
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 330,575,486.29 202,195,961.37 61,974,424.22 4,581,603.75
activities
Net cash flow generated by
-118,260,458.00 2,663,685.36 -50,156,141.88 6,744,084.22
investment
III.Cash flow generated
byfinancing
Cash received as
investment
Incl: Cash received as
investment from minor
shareholders
Cash received as loans 132,553,666.34 130,000,000.00
Cash received from
bond placing
Other financing –related
2,850,000.00 2,300,000.00
ash received
Sub-total of cash inflow
2,850,000.00 134,853,666.34 130,000,000.00
from financing activities
Cash to repay debts 23,000,000.00 77,000,000.00 70,000,000.00
19
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
Cash paid as dividend,
564,471.66 3,204,422.50 1,176,930.00
profit, or interests
Incl: Dividend and
profit paid by subsidiaries to
minor shareholders
Other cash paid for financing
226,003.51 226,003.51
activities
Sub-total of cash outflow
23,564,471.66 80,430,426.01 71,402,933.51
due to financing activities
Net cash flow generated by
-20,714,471.66 54,423,240.33 58,597,066.49
financing
IV.Influence of exchange rate
alternation on cash and cash -248,959.27 212,147.38 -2,265.86
equivalents
V.Net increase of cash and
-126,680,140.17 13,412,929.61 6,894,195.68 10,673,929.93
cash equivalents
Add: balance of cash and
cash equivalents at the 417,686,594.80 84,353,357.87 101,340,314.95 19,539,632.30
beginning of term
VI. Balance of cash and cash
291,006,454.63 97,766,287.48 108,234,510.63 30,213,562.23
equivalents at the end of term
20
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
7.2.4 Consolidated Statement of Change in Owners’ Equity
Prepared by:：Shenzhen Textile (Holdings) Co., Ltd. June 30, 2011 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
Less: Minor Less: Minor
Common Total of owners’ Common Total of owners’
Items shareholders’ shareholders’
Capital Shares Special Surplus Attributable Capital Shares Special Surplus Attributable
Share Capital risk Other equity Share Capital risk Other equity
reserves in reserve reserves profit equity reserves in reserve reserves profit equity
provisions provisions
stock stock
I.Balance at
the end of 336,521,849.00 839,797,115.13 34,086,443.10 135,563,817.74 1,345,969,224.97 245,124,000.00 119,181,307.65 31,832,178.67 97,108,810.95 493,246,297.27
last year
Add:
Change of
accounting
policy
Correcting
of previous
errors
Other
II.Balance at
the beginning
336,521,849.00 839,797,115.13 34,086,443.10 135,563,817.74 1,345,969,224.97 245,124,000.00 119,181,307.65 31,832,178.67 97,108,810.95 493,246,297.27
of current
year
III.Changed
in the current -4,652,388.45 32,363,976.69 27,711,588.24 91,397,849.00 720,615,807.48 2,254,264.43 38,455,006.79 852,722,927.70
year
21
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
（I） Net
32,363,976.69 32,363,976.69 40,709,271.22 40,709,271.22
profit
（II）Other
-4,652,388.45 -4,652,388.45 -16,754,346.56 -16,754,346.56
misc.income
Total of (I)
-4,652,388.45 32,363,976.69 27,711,588.24 -16,754,346.56 40,709,271.22 23,954,924.66
and (II)
(III)
Investment or
decreasing of 91,397,849.00 737,370,154.04 828,768,003.04
capital by
owners
1.
Capital
91,397,849.00 737,370,154.04 828,768,003.04
inputted by
owners
2．Amount of
shares paid
and
accounted as
owners’
equity
3. Other
（IV）
Profit 2,254,264.43 -2,254,264.43
allotment
22
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
1.Providing
of surplus 2,254,264.43 -2,254,264.43
reserves
2.Providing
of common
risk
provisions
3．Allotment
to the owners
(or
shareholders)
4．Other
(V) Internal
transferring
of owners’
equity
1.
Capitalizing
of capital
reserves (or
to capital
shares)
2.
Capitalizing
of surplus
reserves (or
to capital
23
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
shares)
3．Making
up losses by
surplus
reserves.
4. Other
(VI) Special
reserves
1. Provided
this year
2．Used this
term
(VII)Other
IV. Balance
at the end of 336,521,849.00 835,144,726.68 34,086,443.10 167,927,794.43 1,373,680,813.21 336,521,849.00 839,797,115.13 34,086,443.10 135,563,817.74 1,345,969,224.97
this term
7.2.5 Statement on changes of parent company owners’ equity
Prepared by:：Shenzhen Textile (Holdings) Co., Ltd. June 30, 2011 Unit：（RMB）
Amount of the Current term Amount of the previous term
Less: Less:
Common Common
Capital Shares Special Surplus Attributable Total of owners’ Capital Shares Special Surplus Attributable Total of owners’
Items Share Capital risk Share Capital risk
reserves in reserve reserves profit equity reserves in reserve reserves profit equity
provisions provisions
stock stock
24
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
I.Balance at
the end of last 336,521,849.00 831,214,133.34 34,086,443.10 70,401,211.57 1,272,223,637.01 245,124,000.00 110,598,325.86 31,832,178.67 50,112,831.71 437,667,336.24
year
Add:
Change of
accounting
policy
Correcting
of previous
errors
Other
II.Balance at
the beginning 336,521,849.00 831,214,133.34 34,086,443.10 70,401,211.57 1,272,223,637.01 245,124,000.00 110,598,325.86 31,832,178.67 50,112,831.71 437,667,336.24
of current year
III.Changed in
the current -4,652,388.45 18,533,246.48 13,880,858.03 91,397,849.00 720,615,807.48 2,254,264.43 20,288,379.86 834,556,300.77
year
（I） Net
18,533,246.48 18,533,246.48 22,542,644.29 22,542,644.29
profit
（II）Other
-4,652,388.45 -4,652,388.45 -16,754,346.56 -16,754,346.56
misc.income
Total of (I)
-4,652,388.45 18,533,246.48 13,880,858.03 -16,754,346.56 22,542,644.29 5,788,297.73
and (II)
(III)
Investment or 91,397,849.00 737,370,154.04 828,768,003.04
decreasing of
25
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
capital by
owners
1. Capital
inputted by 91,397,849.00 737,370,154.04 828,768,003.04
owners
2．Amount of
shares paid and
accounted as
owners’ equity
3. Other
（IV）Profit
2,254,264.43 -2,254,264.43
allotment
1.Providing of
surplus 2,254,264.43 -2,254,264.43
reserves
2.Providing
of common
risk provisions
3．Allotment to
the owners (or
shareholders)
4．Other
(V) Internal
transferring of
owners’ equity
26
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
1.
Capitalizing of
capital reserves
(or to capital
shares)
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
(VII)Other
IV. Balance at
the end of this 336,521,849.00 826,561,744.89 34,086,443.10 88,934,458.05 1,286,104,495.04 336,521,849.00 831,214,133.34 34,086,443.10 70,401,211.57 1,272,223,637.01
term
27
Shenzhen Textile (Holding) Co., Ltd. Summary of the Semi-Annual Report 2011
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 10,2011
28