Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
Shenzhen Textile (Holdings) Co., Ltd.
Quarterly Report for the First Quarter of 2012 (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 financial report of the Company in this quarterly Report period has not been audited.
1.3 Chairman of the Board of Directors Wang Bin, General Manager Zhu Jun ，Manager of accounting Liu Yi
and Chief Financial officer Xiang Dong represent and warrant the financial and accounting report in the
quarterly is true and complete.
§2 Basic Information
2.1 Highlights of Accounting Data and Financial Indicators
Unit：RMB
At the period-end of last
At the period-end of this Increase /decrease（％）
year
Total assets（RMB） 1,831,827,618.80 1,808,226,905.67 1.31%
Owner’s equity attributable to the parent
1,391,597,602.92 1,369,628,593.61 1.60%
company(RMB)
Stock capital(Share ) 336,521,849.00 336,521,849.00 0.00%
Net assets per share attributable to the parent
4.14 4.07 1.72%
company(RMB/share)
Amount of the same period
Amount of current period Increase /decrease（％）
in last year
Total turnover(RMB) 191,211,012.28 204,623,191.07 -6.55%
Net profit attributable to owners of parent
8,604,015.85 14,191,877.34 -39.37%
company(RMB)
Net cash flow arising from operating
8,355,964.43 -8,230,607.06 201.52%
activities(RMB)
Net cash flow per share arising from operating
0.02 -0.02 200.00%
activities(RMB/share)
Basic earnings per share(RMB/share) 0.03 0.04 -25.00%
Diluted earnings per share(RMB/share) 0.03 0.04 -25.00%
Weighted average return on equity（%） 0.62% 1.05% Decreased by 0.43%
Weighted average return on equity after
0.35% 0.78% Decreased by 0.43%
deducting non-recurring gains and losses（%）
Items of non-current gains and losses
√ applicable □ not applicable
Unit：RMB
1
Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
Amount (Year-beginning to the
Non-recurring gain and loss items Notes（If applicable）
end of the report period.)
The gains from disposal of non-current assets -9,996.59
It is mainly the
amortization of RMB
1977495 for governmental
R&D subsidy, amortized
Governmental Subsidy accounted as current gain/loss, except for those national financial aid of
subsidies at with amount or quantity fixed by the national government 2,365,906.12 RMB 250000 for special
and closely related to the Company’s business operation. industrialization project of
new-type panel display
devices,ect.
Except the effective hedge business related to the normal operation
It is the income from
business of the Company, the profit and loss in the changes of fair
selling negotiable shares of
values caused by the holding of tradable financial assets and tradable
2,376,792.47 ST Shenzhen Victor
financial liabilities as well as the investment returns in disposal of
Onward A and *ST Sun
tradable financial assets, tradable financial liabilities and saleable
Rise A.
financial assets
Other amount of non-operating income and expense except the
-50.00
aforesaid items
Amount of influence of income tax -950,572.39
Total 3,782,079.61 -
2.2 Top 10 shareholders and top 10 holders of unconditional shares
Unit：Shares
Total number of shareholders at the end of report
21,122
period
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Amount of tradable shares with
Full name of shareholder unrestricted conditions held at the end of Type of shares
report period
Shenzhen Investment Management Co., Ltd. 144,977,052 RMB Common shares
Huabao Trust Co., Ltd. 1,457,000 RMB Common shares
Foreign shares placed in domestic
Zheng Bangsheng 1,203,800
exchange
Cai Zhihao 1,137,928 RMB Common shares
Foreign shares placed in domestic
China Merchants Securities (HK) Co., Ltd. 955,117
exchange
Foreign shares placed in domestic
CHINA OPPORTUNITIES H-B FUND 925,000
exchange
Shenzhen Zhongnan Liankang Technology Co.,
916,603 RMB Common shares
Ltd.
Foreign shares placed in domestic
Xu Ruijiang 791,688
exchange
Zhu Jinxia 745,000 RMB Common shares
Foreign shares placed in domestic
Liu Hong 710,000
exchange
2
Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
§3 Significant Events
3.1 Particular about large-margin change of main accounting statement item and financial index and its reason.
√ applicable □ not applicable
1. Bills receivable decreased by 51.68% over beginning of period mainly due to endorsed assignment;
2. Financial assets available for sale increased by 31.67% over beginning of period mainly due to the increase of market value of the
stocks held by the Company;
3. Advance collections increased by 41.30% over beginning of period mainly due to increase of export trade orders at the end of the
period;
4. Interest payable increased by 44.66% over beginning of period mainly due to increase of special loan interest payable for project of
polarizer sheet for TFT-LCD;
5．Deferred income tax liabilities increased by 56.79% over beginning of period mainly due to increase of market value of financial
assets available for sale;
6．Administrative expenses increased by 38.39% year on year mainly due to increase of relevant expenses after the start of trial
production of line 4 of phase-I project of polarizer sheet for TFT-LCD;
7．Financial expenses increased by 38.41% over beginning of period mainly due to increase of special loan interest payable for project
of polarizer sheet for TFT-LCD;
8. Assets impairment loss decreased by 102.95% year on year mainly due to year-on-year decrease of provision for diminution in value
of inventories;
9. Investment income increased by 61.89% year on year mainly due to year-on-year increase of stocks sold through secondary market
in current period;
10. Total profit decreased by 37.96% year on year mainly due to increase of relevant expenses after the start of trial production of line 4
of phase-I project of polarizer sheet for TFT-LCD;
11. Income tax expenses decreased by 31.61% year on year mainly due to decrease of taxable income in current period;
12. Net profit decreased by 39.37% year on year mainly due to year-on-year increase of expenses of phase-I project of polarizer sheet
for TFT-LCD;
13. Other composite income increased by 235.92% year on year mainly due to sharp increase of end-of-period market value of stocks
held by the Company over beginning of period;
14. Paid taxes and levies decreased by 82.06% year on year mainly due to decrease of taxes and levies for equipment purchase caused
by reduction of equipment purchase with the construction of phase-I project of polarizer sheet for TFT-LCD approaching the end;
15. Net cash flows from operating activities increased by 201.52% year on year mainly due to year-on-year sharp decrease of taxes and
levies paid in current period.
16. Cash received from disposal of investments increased by 113.25% year on year mainly due to year-on-year increase of stocks sold
through secondary market in current period;
17. The cash paid for construction of fixed assets, intangible assets and other long-term assets decreased by 62.20% year on year
mainly due to decrease of project investment expenditure with the construction of phase-I project of polarizer sheet for TFT-LCD
approaching the end;
18. Net cash flows from investing activities decreased by 64.19% year on year mainly due to year-on-year decrease of expenditure of
investment in phase-I project of polarizer sheet for TFT-LCD;
19. Cash paid for repayment of debts decreased by 100% mainly due to the repayment of long-term loans to become due within one
year in the same period of previous year;
20. Net increase of cash and cash equivalents increased by 74.14% year on year mainly due to decrease of project investment
expenditure with the construction of phase-I project of polarizer sheet for TFT-LCD approaching the end.
3.2 The progress of significant events and influence, as well as the analysis and explanation on resolving proposal
reason.
3.2.1 Non-standard Opinion
□applicable √ not applicable
3.2.2 The Company provided funds to its controlling shareholder or related parties and provided guarantees in
violation of established procedures.
□applicable √ not applicable
3
Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
3.2.3 Signing and performance of significant contracts for daily operation
□applicable √ not applicable
3.2.4 Other
√□applicable □not applicable
1. Information about private issue of stocks:
On February 10, 2012,The 18th meeting of the fifth board of directors of the Company examined and adopted the Proposal Concerning
the Company's Private Issue of Shares to Specific Investors in 2012. The Company planned to privately issue not more than 170
million shares to not more than 10 specific investors at the price of RMB 8.80 per share. The total amount of raised proceeds does not
exceed RMB 1470.93 million, which will be completely used for increasing the capital of Shenzhen Shengbo Optoelectronic
Technology Co., Ltd., a wholly-owned subsidiary, to construct the phase-II project of polarizer sheet for TFT-LCD. This project will
construct two production lines of polarizer sheet for TFT-LCD with breadth of 1490mm( Announcement No.:2012-3).
On March 1, 2012，Shengbo Optoelectronic obtained Notice of Putting Social Investment Projects issued by Shenzhen Development
and Reform Committee( Announcement No.:2012-6).
On March 14, 2012，The Company obtained the Approval of the Issues Concerning Private Issue of Shares by Shenzhen Textile from
State-owned Assets Regulatory Commission under Shenzhen Municipal People's Government( Announcement No.:2012-7).
On April 13, 2012, The first provisional shareholders' general meeting of the Company in 2012 approved the matter concerning
private issue of shares to specific investors in 2012. ( Announcement No.:2012-14).
2. Construction of Internal Control:
In the report period, the company implements the “Internal Control Manual (Version 2012)”, and constantly updates and perfects for
the internal control manual more rigorous and scientific according to the existing problems in the process of implementation. In
accordance with the requirement of “Internal Control Manual”, the company conducts full summary of existing system, and makes the
supplement and perfection for all levels and aspects of systems of the company in line with the requirement of the relevant laws,
regulations and standards continually. Report of the Company on Self-evaluation of Internal Control for 2011 was examined and
adopted at the 19th meeting of the fifth board of directors and disclosed.
3.3 The fulfillment of the commitment made by the Company , shareholders and the actual controller
Commitments made by the listed company and its directors, supervisors, senior executives, the shareholders with holding above 5%
shares and its actual controller in the report period, or lasting until the report period.
√□applicable □not applicable
Items of commitments Promisee Content of commitments Implementation
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 the decrease of the
Promise in share
Shenzhen Investment shares they hold reaches 5% within 6 months
holding structure Under fulfillment
Management Co., Ld. after the first decrease, they will disclose an
reform
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.
Commitments made in
Acquisition Report or
N/A N/A N/A
Reports on Change in
interests
Commitments made in N/A N/A N/A
Material assets
4
Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
Reorganization
Shenzhen Investment Holdings Co., Ltd. and its
wholly 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
Commitments made in Shenzhen Investment
compete with Shenzhen Textile in the same Under fulfillment
issuing Management Co., Ld.
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 wholly
owned subsidiaries, subsidiaries under control
or other companies that have actual control of it
and Shenzhen Textile, Shenzhen Textile shall
have priority.
Other commitments
（Including:
N/A N/A N/A
supplementary
commitments）
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
Forenotice of earnings Losses
Year beginning to end of next Same period of the
Increase or decrease%
report period previous year
Estimated amount of
accumulative net -3,800.00 -- -2,800.00 3,236.40 Decrease -217.41% -- -186.52%
profit(RMB’0000)
Basic earnings per shares
-0.11 -- -0.09 0.10 Decrease -210.00% -- -190.00%
(Yuan/share)
No.4 production line of phase-I project of polarizer sheet for TFT-LCD of the Company is still in the
stage of trial production. As process optimization, customer certification and enhancement of non
defective rate take time, it is expected that it is difficult to form batch production and sales and cost
and expenses will increase by big margin in the next report period. As a result, the Company may
Notes to forenotice of earnings suffer loss in the next report period. The Company has taken effective measures in respect of raw
material cost control, shortening of time for product certification and improvement, potential tapping
and efficiency enhancement, trying to reduce cost and decrease loss. The data disclosed in 2012
semiannual report of the Company shall prevail. The estimated earnings have not been pre-audited by
certified public accountants.
3.5 Other significant events need to be explained
3.5.1 Securities investment
□applicable √ not applicable
5
Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
3.5.2 Reception of investigations , communications , or interviews
Discussion issue and offered
Reception Place Mode Type Object
information
Get a idea of the information of th
February 11, Onsite
The Company Organization Guangfa Securities e team, research and developme
2012 investigation
nt of Polarizer project.
Fullgoal Fund,
February 20, Onsite China Southern Get a general idea of the progress
The Company Organization
2012 investigation Fund and China of Phase I Polarizer project.
Post Fund, etc.
3.6 Derivative Investment
□applicable √ not applicable
3.6.1 Particulars about derivatives investment held at the end of report period
□applicable √ not applicable
§4 Appendix
4.1 Balance sheet
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. March 31, 2012 Unit：RMB
Year-end balance
Year-beginning balance
Items
Consolidated Parent company Consolidated Parent company
Current asset：
Monetary fund 435,975,411.85 30,955,734.49 468,879,357.70 133,011,826.29
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable 5,040,858.15 10,432,562.82
Account receivable 62,450,059.28 30,193.97 56,969,205.31 323,582.19
Prepayments 14,332,733.40 1,716,180.00 13,018,880.05 1,719,680.00
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable
Dividend receivable
Other account receivable 24,585,641.25 12,936,637.68 20,736,467.89 13,020,387.68
Repurchasing of financial
assets
Inventories 69,982,480.05 71,575,724.23
Non-current asset due in 1
year
Other current asset
6
Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
Total of current assets 612,367,183.98 45,638,746.14 641,612,198.00 148,075,476.16
Non-current assets：
Loans and payment on
other’s behalf disbursed
Disposable financial asset 68,828,887.14 68,828,887.14 52,272,895.86 52,272,895.86
Expired investment in
possess
Long-term receivable
Long term share equity
47,584,908.29 1,064,225,026.09 47,316,633.57 955,793,681.34
investment
Property investment 159,934,321.44 150,075,811.55 161,658,463.35 151,665,495.95
Fixed assets 498,261,679.57 33,043,899.43 504,127,839.36 33,578,271.19
Construction in progress 379,223,331.11 4,664,276.19 334,788,805.45 4,664,276.19
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 46,050,251.07 1,276,003.34 46,568,689.89 1,373,482.16
R & D petrol
Goodwill 9,614,758.55 9,614,758.55
Long-germ expenses to be
1,471,545.31 1,625,608.41
amortized
Differed income tax asset 8,490,752.34 5,135,357.40 8,641,013.23 5,148,905.27
Other non-current asset
Total of non-current assets 1,219,460,434.82 1,327,249,261.14 1,166,614,707.67 1,204,497,007.96
Total of assets 1,831,827,618.80 1,372,888,007.28 1,808,226,905.67 1,352,572,484.12
Current liabilities
Short-term loans
Loan from Central Bank
Deposit received and hold
for others
Call loan received
Trade off financial liabilities
Bill payable
Account payable 41,629,006.44 524,843.57 40,064,666.59 1,388,181.57
Advance payment 21,919,038.35 639,024.58 15,512,620.90 639,024.58
Selling of repurchased
financial assets
Fees and commissions
receivable
Employees’ wage payable 16,703,997.94 3,577,414.89 21,718,286.71 5,606,640.12
Tax payable -25,919,611.82 3,991,790.41 -20,266,912.29 3,661,093.00
Interest payable 8,023,736.85 5,546,514.63
7
Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
Dividend payable
Other account payable 122,139,249.68 68,886,945.70 122,417,628.78 68,280,337.84
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 184,495,417.44 77,620,019.15 184,992,805.32 79,575,277.11
Non-current liabilities：
Long-term loan 200,000,000.00 200,000,000.00
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax
12,300,000.49 12,222,162.49 7,845,002.67 7,767,164.67
liability
Other non-current liabilities 43,434,597.95 45,760,504.07
Total of non-current
255,734,598.44 12,222,162.49 253,605,506.74 7,767,164.67
liabilities
Total of liability 440,230,015.88 89,842,181.64 438,598,312.06 87,342,441.78
Owners’ equity
Share capital 336,521,849.00 336,521,849.00 336,521,849.00 336,521,849.00
Capital reserves 827,905,882.76 819,322,900.97 814,540,889.30 805,957,907.51
Less：Shares in stock
Special reserve
Surplus reserves 35,912,706.22 35,912,706.22 35,912,706.22 35,912,706.22
Common risk provision
Undistributed profit 191,257,164.94 91,288,369.45 182,653,149.09 86,837,579.61
Different of foreign currency
translation
Total of owner’s equity belong to
1,391,597,602.92 1,283,045,825.64 1,369,628,593.61 1,265,230,042.34
the parent company
Minor shareholders’ equity
Total of owners’ equity 1,391,597,602.92 1,283,045,825.64 1,369,628,593.61 1,265,230,042.34
Total of liabilities and owners’
1,831,827,618.80 1,372,888,007.28 1,808,226,905.67 1,352,572,484.12
equity
4.2 Profit statement of the report period
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. January-March 2012 Unit：RMB
Items Report period Same period of the previous year
8
Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
Consolidated Parent company Consolidated Parent company
I. Total operating income 191,211,012.28 13,673,149.06 204,623,191.07 13,786,292.96
Including：Operating income 191,211,012.28 13,673,149.06 204,623,191.07 13,786,292.96
Interest income
Insurance gained
Commission charge and
commission income
II. Total operating cost 186,636,782.17 8,045,687.51 192,728,022.46 7,341,916.83
Including：operating cost 166,377,330.51 3,228,796.93 15,542,596.78 2,970,626.79
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 1,751,176.11 1,701,903.03
Sales expenses 1,620,795.51 1,642,378.13
Administration expenses 18,733,096.00 7,308,796.17 13,536,802.96 5,672,387.75
Financial expenses -1,798,978.51 -247,412.07 -2,920,744.16 -2,358,839.73
Losses of devaluation of assets -46,637.45 -54,191.49 1,582,256.82 -43,531.20
Add：changing income of fair
0.00 0.00
value
Investment income 3,840,499.75 2,372,308.14 2,372,308.14
Including：Investment income on
affiliated company and joint 268,274.72 164,545.12 164,545.12
venture
Exchange income
III.Operating profit 8,414,729.86 5,627,461.55 14,267,476.75 8,816,684.27
Add：non-operating income 2,365,906.12 3,092,589.15 702,694.14
less：non-operating expense 10,046.59
Including：disposal loss of
non-current assets
IV. Total profit 10,770,589.39 5,627,461.55 17,360,065.90 9,519,378.41
Less：expense of income tax 2,166,573.54 1,176,671.71 3,168,188.56 2,050,112.72
V. Net profit 8,604,015.85 4,450,789.84 14,191,877.34 7,469,265.69
Net profit attributable to owner’s
8,604,015.85 4,450,789.84 14,191,877.34 7,469,265.69
equity of parent company
Minority shareholders’ gains
and losses
VI. Earnings per share
（i）basic earnings per share 0.03 0.01 0.04 0.02
（ii）Diluted earnings per share 0.03 0.01 0.04 0.02
VII. Other composite income 13,364,993.46 13,364,993.46 3,978,657.09 3,978,657.09
VIII. Total composite income 21,969,009.31 17,815,783.30 18,170,534.43 11,447,922.78
9
Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
Total comprehensive income
attributable to owners of parent 21,969,009.31 17,815,783.30 18,170,534.43 11,447,922.78
Company
Total comprehensive income
attributable to minority
shareholders
For the enterprises under the same control consolidated in the report period, the net profit realized by the consolidate before the
consolidation is RMB 0.00.
4.3 Cash flow statement
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. January-March 2012 Unit：RMB
Report period Same period of the previous year
Items
Consolidated Parent company Consolidated Parent company
I.Cash flows from operating
activities
Cash received from sales of
159,171,654.63 13,976,426.57 163,012,992.30 11,704,822.70
goods or rending of services
Net increase of
customer deposits and capital
kept for brother company
Net increase of loans
from central bank
Net increase of inter-bank
loans from other financial
bodies
Cash received against
original insurance contract
Net cash received from
reinsurance business
Net increase of client
deposit and investment
Net increase of trade
financial asset disposal
Cash received as interest,
processing fee and
commission
Net increase of inter-bank
fund received
Net increase of repurchasing
business
Tax returned 14,760,059.86 15,212,300.49
Other cash received from
4,311,339.47 929,698.51 4,620,213.74 1,790,920.75
business operation
Sub-total of cash inflow 178,243,053.96 14,906,125.08 182,845,506.53 13,495,743.45
Cash paid for purchasing
137,573,948.69 931,098.33 139,835,830.98 799,330.85
of merchandise and services
Net increase of client
trade and advance
Net increase of savings n
central bank and brother
company
Cash paid for original
contract claim
Cash paid for interest,
processing fee and
10
Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
commission
Cash paid for policy
dividend
Cash paid to staffs or paid
20,357,264.74 5,727,152.99 15,724,589.79 3,930,114.87
for staffs
Taxes paid 5,126,584.90 2,471,962.67 28,583,108.82 1,596,282.54
Other cash paid for business
6,829,291.20 3,163,929.33 6,932,584.00 2,321,986.21
activities
Sub-total of cash outflow
169,887,089.53 12,294,143.32 191,076,113.59 8,647,714.47
from business activities
Cash flow generated by
8,355,964.43 2,611,981.76 -8,230,607.06 4,848,028.98
business operation, net
II.Cash flow generated by
investing
Cash received from
3,641,092.47 3,641,092.47 1,707,406.46 1,707,406.46
investment retrieving
Cash received as investment
810,000.00 810,000.00 1,154,292.08 915,634.56
gains
Net cash retrieved from
disposal of fixed assets,
400.00
intangible assets, and other
long-term assets
Net cash received from
disposal of subsidiaries or
other operational units
Other investment-related
2,932,848.59 2,932,848.59
cash received
Sub-total of cash inflow due
4,451,492.47 4,451,092.47 5,794,547.13 5,555,889.61
to investment activities
Cash paid for construction
of fixed assets, intangible
45,091,855.24 956,096.00 119,281,718.69 1,684,270.51
assets and other long-term
assets
Cash paid as investment 108,163,070.03
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
45,091,855.24 109,119,166.03 119,281,718.69 1,684,270.51
due to investment activities
Net cash flow generated by
-40,640,362.77 -104,668,073.56 -113,487,171.56 3,871,619.10
investment
III.Cash flow generated by
financing
Cash received as investment
Incl: Cash received as
investment from minor
shareholders
Cash received as loans
Cash received from bond
placing
Other financing –related
ash received
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Shenzhen Textile (Holdings) Co., Ltd. Quarterly Report for the First Quarter of 2012 (Full text)
Sub-total of cash inflow
from financing activities
Cash to repay debts 5,000,000.00
Cash paid as dividend,
337,831.38
profit, or interests
Incl: Dividend and profit
paid by subsidiaries to minor
shareholders
Other cash paid for
financing activities
Sub-total of cash outflow
5,337,831.38
due to financing activities
Net cash flow generated by
-5,337,831.38
financing
IV.Influence of exchange rate
alternation on cash and cash -619,547.51 -175,225.88
equivalents
V.Net increase of cash and
-32,903,945.85 -102,056,091.80 -127,230,835.88 8,719,648.08
cash equivalents
Add: balance of cash and
cash equivalents at the 463,817,642.79 133,011,826.29 417,686,594.80 84,353,357.87
beginning of term
VI. Balance of cash and cash
430,913,696.94 30,955,734.49 290,455,758.92 93,073,005.95
equivalents at the end of term
4.4 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.
April 26,2012
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