深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
Shenzhen Textile (Holdings) Co., Ltd.
The Third Quarterly Report 2012
1. Important notes
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.
All of the directors presented the board meeting at which this Quarterly Report was examined.
Mr. Wang Bin, Person in charge of the Company, Mr.Zhu Jun , Person in charge of accounting works, Mr.
LiuYin ,CFO as well as person in charge of accounting institution represent and warrant the financial and
accounting report in the Third report is true and complete.
II. Basic Information of the Company
1.Main accounting data and indices
If retrospective adjustment has been carried our on financial reports of previous periods.
□ Yes √ No □ Not applicable
2012.9.30 2011.12.31 Increase /decrease（％）
Total assets（RMB） 1,834,698,256.95 1,808,226,905.67 1.46%
Owner’s equity attributable to
the shareholders of the listed 1,320,672,333.72 1,369,628,593.61 -3.57%
company （RMB）
Stock capital（Shares） 336,521,849.00 336,521,849.00 0%
Net assets per share
attributable to the
3.92 4.07 -3.57%
shareholders of the listed
company（RMB/shares）
Increase/decrease in the Increase/decrease in the
report period compared January-September report period compared
July-September 2012
with the same period of 2012 with the same period of
the last year(%) the last year(%)
Total turnover(RMB) 179,546,553.52 0.45% 554,979,545.43 11.46%
Net profit attributable to
shareholders of the listed -42,023,629.06 -507.49% -60,759,872.13 -242.37%
company（RMB）
Net cash flow arising
from operating activities -- -- -91,463,862.17 -362.54%
（RMB）
Net cash flow per share
arising from operating -- -- -0.27 -362.54%
activities（yuan/shares）
Basic earnings per share
-0.12 -500% -0.18 -238.46%
（yuan/shares）
Diluted earnings per
-0.12 -500% -0.18 -238.46%
share（yuan/shares）
Weighted average return -3.15% -520% -4.52% -244.87%
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
on equity（%）
Weighted average Return
on net assets after
-3.2% -633.33% -5.02% -352.26%
deducting non-recurring
gains and losses（%）
Items and amount of non-current gains and losses deducted
√ applicable □ not applicable
Amount from the
beginning of year to
Items Remarks
the end of report period
（RMB）
Gain/loss form disposal of non-current assets 40,270.34
Including apportion of governmental R&D
subsidy of RMB 5,932,485.00 offered by
Shenzhen Development and Reform
Commission, apportion of national aid of
RMB 750,000.00 for special new-type panel
display industrialization project, apportion of
funds of RMB 150,000.00 supporting
demonstration project of technology
Governmental Subsidy accounted as current gain/loss,
industrialization, apportion of discount of
except for those subsidies at with amount or quantity fixed
7,019,028.49 RMB 145,233.36 for the loans extended by
by the national government and closely related to the
Shenzhen Financial Bureau, apportion
Company’s business operation.
subsidy of RMB 1,310.13 for purchasing
special equipment for environmental
protection in Longgang District, Shenzhen
and receipt of subsidy of RMB 40,000 jointly
granted by Shenzhen Market Administration
and Municipal Finance Commission for the
implementation of standardization strategy in
the current period.
The investment income from financial
assets available for sale is the income
The disposal available for sale financial assets gains return
2,436,544.20 from the Company's sale of shares of
on investment
Shenzhen Victor Onward Textile
Industrial Co., Ltd.
Net amount of non-operating income and expense except
-2,122,191.90
the aforesaid items
Amount of influence of income tax -626,000.79
Total 6,747,650.34 --
The information of main accounting data and main financial indices of the company by the end of
report period.(Filling the adjustment explanation if retroactive adjusted)
Items Amount（RMB） Remarks
No
2. Total number of shareholders and top 10 holders of shareholders at the end of report period
Total number of shareholders at
20,235
the end of report period
Particulars about the shares held by the top ten tradable shareholders with unrestricted conditions
Amount of tradable shares with Type and amount
Full name of shareholder unrestricted conditions held at
the end of report period Type Amount
2
深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
Shenzhen Investment Holdings
144,977,052 RMB Common shares 144,977,052
Co., Ltd.
Xiao Jinsong 2,722,467 RMB Common shares 2,722,467
Zhonghai Trust Co.,Ltd- The
star of Pujiang No. 12 1,500,000 RMB Common shares 1,500,000
assembled funds trust
Foreign shares placed in
Zheng Bangsheng 1,203,800 1,203,800
domestic exchange
Zheshang Securities Co.,Ltd.
Customer credit Guarantee 1,130,000 RMB Common shares 1,130,000
sectrities account
Bank of China-Huabao Xingye
Select securities investment 1,000,000 RMB Common shares 1,000,000
fund
Shenzhen Zhongnan Liankang
916,603 RMB Common shares 916,603
Technology Co.,Ltd
Foreign shares placed in
Xu Ruijiang 791,688 791,688
domestic exchange
CHINA OPPORTUNITIES H-B Foreign shares placed in
740,000 740,000
FUND domestic exchange
Foreign shares placed in
Zheng Chuangjian 643,800 643,800
domestic exchange
1,130,000 shares in the credit transaction and guarantee stock account of Zheshang Securities Co.,
Notes to the related relationship
Ltd. are held by Cai Zhihao. At the end of the previous report period, Cai Zhihao held 1,137,928
between the shareholders or
shares. The Company does not know whether he holds additional stocks through ordinary stock
their concerted action:
accounts or not.
III. Significant Events
1 Particular about large-margin change of main accounting statement item and financial index and its reason.
√ Applicable □ Not applicable
(1) Monetary capital decreased by 41.53% over beginning of period mainly due to the investment of raised proceeds into
phase-I project of polarizer sheet for TFT-LCD;
(2) Prepayments increased by 75.35% over beginning of period mainly due to increase of prepayment for equpment for
phase-I project of polarizer sheet for TFT-LCD and increase of orders of export trade at the end of current period;
(3) Other receivables increased by 146.29% over beginning of period mainly due to increase of security money for imported
raw materials and sharp increase of receivable export rebates;
(4) Inventories increased by 70.63% over beginning of period mainly due to increase of raw materials for the trial batch
production of phase-I project of polarizer sheet for TFT-LCD;
(5) Fixed assets increased by 76.83% over beginning of period, which were mainly the fixed assets carried forward from
phase-I project of polarizer sheet for TFT-LCD;
(6) Construction in progress decreased by 80.61% over beginning of period mainly because the equipment of phase-I project
of polarizer sheet for TFT-LCD was transferred into fixed assets;
(7) Accounts payable increased by 50.91% over beginning of period mainly due to increase of raw material purchase for
phase-I project of polarizer sheet for TFT-LCD;
(8) Taxes and levies payable decreased by 113.46% over beginning of period mainly due to payment of VAT on purcase of
imported equipment and equipment provided by Party A for phase-I project of polarizer sheet for TFT-LCD;
(9) Interest payable increased by 130.77% over beginning of period mainly due to increase of long-term loan interest payable
for the phase-I project of polarizer sheet for TFT-LCD;
(10) Other payable increased by 37.2% over beginning of period mainly due to increase of payables for engineering equipment
for phase-I project of polarizer sheet for TFT-LCD;
(11) Deferred income tax liabilities increased by 50.15% over beginning of period mainly due to increase of market value of
financial assets available for sale;
(12) Undistributed profit decreased by 33.27% over beginning of period mainly due to the loss for the owners of the parent
company for current period;
(13) Operating cost increased by 29.43% over beginning of period mainly due to increase of cost of trial batch production of
phase-I project of polarizer sheet for TFT-LCD;
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
(14) Administrative expenses increased by 56.3% year on year, mainly due to increase of R&D expense and other relevant
expenses after trial batch production of line 4 of phase-I project of polarizer sheet for TFT-LCD;
(15) Financial expenses increased by 156.21% year on year mainly due to increase of long-term loan interest for the phase-I
project of polarizer sheet for TFT-LCD;
(16) The income of investment in affiliated companies and amalgamated companies increased by 112.98% year on year
mainly due to loss reversal of overseas subsidiaries;
(17) Non-operating income decrease by 59.96% year on year mainly due to year-on-year reduction of reorganization income
of Guangdong Sun Rise Group Co., Ltd.;
(18) Non-operating expenses increased by 68,908.13% year on year mainly due to the loss caused by the fire accident of
Longhua factory area of Shengbo Optoelectronic;
(19) Total profit decreased by 206.49% year on year mainly due to increase of relevant expenses after trial batch production of
line 4 of phase-I project of polarizer sheet for TFT-LCD;
(20) Income tax expenses decreased by 60.78% year on year mainly due to decrease of taxable income for current period;
(21) Net profit decreased by 242.37% year on year mainly due to year-on-year increase in expenses of phase-I project of
polarizer sheet for TFT-LCD;
(22) Other composite income increased by 55.09% year on year mainly due to increase of end-of-period market value of
stocks held by the Company over beginning of period;
(23) Other cash income related to operating activities increased by 61.01% year on year mainly due to year-on-year sharp
increase of governmental subsidy received;
(24) Cash paid for purchase of commodities increased by 41.34% year on year mainly due to increase of purchase of raw
materials for trial batch production of phase-I project of polarizer sheet for TFT-LCD;
(25) Other cash payment related to operating activities increased by 51.4% year on year mainly due to increase of relevant
expenses after trial batch production of line 4 of phase-I project of polarizer sheet for TFT-LCD;
(26) Net cash flows from operating activities increased by 362.54% year on year mainly due to increase of relevant costs after
trial batch production of line 4 of phase-I project of polarizer sheet for TFT-LCD;
(27) Cash received from disposal of investments increased by 198% year on year mainly due to year-on-year increase of
stocks sold through secondary market;
(28) The net amount of cash received from the disposal of fixed assets, intangible assets and other long-term assets increased
by 709.4% mainly due to the disposal of machinery and equipment resulting from the business transformation of Shenzhen Jinlan
Decoration Industrial Co., Ltd., a subsidiary of the Company;
(29) Other cash income relating to investing activities decreased by 99.99% year on year mainly due to year-on-year decrease
of recovery of time deposit principal and interests;
(30) The cash paid for construction of fixed assets, intangible assets and other long-term assets decreased by 73.77% year on
year mainly due to decrease of project investment expenditure with the construction of phase-I project of polarizer sheet for
TFT-LCD appproaching the end;
(31) Net cash flows from financing activities increased by 94.87% year on year mainly due to the repayment of long-term loan
to become due within one year in the same period of previous year.
For the report period, the net profit for the shareholders of the Company, earnings per share, weighted average return on net
assets, weighted average return on net assets after deduction of non-recurring gains and losses decreased respectively by 507.49%,
500%, 520% and 633.33% year on year mainly due to increase of relevant costs and expenses after the trial batch production of line 4
of phase-I project of polarizer sheet for TFT-LCD. Net cash flows from operating activities decreased by 487.79% year on year
mainly due to increase of raw material purchase, R&D expenses and other relevant costs and expenses after the trial batch
production of line 4 of phase-I project of polarizer sheet for TFT-LCD.
2. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal
reason.
(1) Non-standard Opinion
□applicable √ not applicable
(2) The Company provided funds to its controlling shareholder or related parties and provided guarantees in
violation of established procedures.
□applicable √ not applicable
(3) Signing and performance of significant contracts for daily operation
□applicable √ not applicable
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
(4) Other
√applicable □ not applicable
1. Status of private issue of shares:
In the report period, 2012 private issue of shares of the Company is under normal examination by CSRC.
2. Status of internal control:
In accordance with Standards of Internal Control of Enterprises, the Company solved the problems existing during the
implementation of Internal Control Manual (2012) and correspondingly revised internal control documents including risk control
document. As required in Internal Control Manual (2012), the Company continuously sorted, supplemented and improved the
existing systems to make them more standardized and operable. According to the resolutions of 2011 annual shareholders' general
meeting, the Company and Peking Certified Public Accountants Co., Ltd. signed the Agreement for Auditing of Internal Control for
2012. It was determined as the auditing body for internal control for 2012. Report of the Company on Semiannual Self-evaluation of
Internal Control for 2012 was examined and adopted at the 23rd meeting of the fifth board of directors and disclosed.
3. Progress of phase-I project:
Phase-I project of polarizer sheet for TFT-LCD made smooth progress. Shengbo Optoelectronic has officially become the
qualified supplier of Orient Electronics, Huaxing Optoelectronic, Shenchao Optoelectronic, Longteng Optoelectronic and Hanyu
Iridescent Crystal.
(1) After process commissioning, formula adjustment, equipment adjustment and improvement of operation techniques and
environment of cleaning room, the equipment of line 4 realized steady running. The overall line feed of membrane is in good
condition. The overall condition is better than expected and the line has reached the level of batch production. 4Many kinds of
products developed by line 4 inlcuding polarizer sheets for 2.4" mobile phone screen, 7" e-book, 19" display and 31.5" liquid crystal
TV have passed the single-unit certification by many customers including Orient Electronics, Huaxing Optoelectronic, Shenchao
Optoelectronic, Longteng Optoelectronic, Shanghai Tianma and Hanyu Iridescent Crystal and batch certification by some customers.
Huaxing Optoelectronic and Shenchao Optoelectronic have placed orders to the Company. In addition, the Company has signed
Cooperation Agreement and Cooperation Agreement for Product Sales respectively with Orient Electronics and Hanbo High-tech.
Relevant agreements with manufacturers including Huaxing Optoelectronic are under signing.
(2) The preprocessing, stretching and coating machines of line 5 passed single-unit and linked trial run. The overall line feed of
membrane is in good condition. Chemical trial run succeeded at one go. The line has smoothly entered in the stage of trial batch
production in October, which is 3 months earlier than the planned time for trial batch production, i.e., the end of December.
(3) As for raw material guarantee, Shengbo Optoelectronic has signed Cooperation Memorandum respectively with main
suppliers of raw materials. Suppliers promised to supply goods according to the preferential terms for leading polarizer sheet
manufacturers.
4. Status of production and operation of Longhua factory area of Shengbo: In the report period,
The Company took effective measures for fire accident in Longhua factory area of Shengbo (refer to 2012-32 and 2012-35 announce
ments of the Company for details). The measures including quickening the repair and renovation of production line, strengthening co
mmunication with customers and make up product supply with the production capacity of Tianjian Plant and Pingshan Plant after the
production suspense of Longhua Plant and made all-out efforts to resume production and business through unified planning and over
all arrangement. Line 2 resumed production on August 16 and stretching plant of line 3 resumed production on September 18. In
October, the production has been fully resumed and orders have not been affected. With gradual recovery of production line,
production and operation has returned to normal.
5.The notes to explain about actual profit being 20% or above more than profit disclosed estimate for the report period
The Company disclosed an estimated loss of RMB 90 million to RMB 110 million for the first three quarters of 2012 in 2012
semiannual report. The real loss for the report period is RMB 60.76 million, which decreased by 32% than expected mainly because
the preprocessing, stretching and dyeing processes of line 4 of phase-I project of polarizer sheet for TFT-LCD reached the level of
batch production in this quarter. At present, the company is trying to enhance the good product rate in late stage according to the
status of customer certification and needs not make big investment. Therefore, loss has been less than expected.
3. Companies or shareholders holding more than 5% equity during the reporting period or the commitments
continued to the reporting period.
√applicable □ not applicable
Time of Term of
Items of Implementa
Promisee Content of commitments commitment Commitm
commitments tion
s ents
As Shenzhen Investment Holdings Co., Ltd., the
controlling shareholder of the company, committed
Shenzhen when the restricted-for-sale shares from the shares
Promise in share restructuring were listed for circulation in the market: September long-term
Investment Under
holding structure Holdings Co., i. if they plan to sell the shares through the securities 9,2008 effectiven
Fulfillment
reform exchange system in the future, and the decrease of the ess
Ltd.
shares they hold reaches 5% within 6 months after the
first decrease, they will disclose an announcement
indicating the sale through the company within two
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
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 N/A
Reports on
Change in
interests
Commitments
made in Material
N/A N/A N/A N/A
assets
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 2009. 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 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
Shenzhen
operations of Shenzhen Investment Holdings Co., long-term
Investment April15, Under
Ltd. and its wholly owned subsidiaries, subsidiaries effectiven
Holdings Co., 2011 Fulfillment
under control or other companies that have actual ess
Ltd.
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
Commitments wholly owned subsidiaries, subsidiaries under control
made in issuing or other companies that have actual control of it and
Shenzhen Textile, Shenzhen Textile shall have
priority.
The commitments during the period non-public
issuance in 2012: 1. Shenzhen Investment Holdings,
as the controlling shareholder of Shenzhen Textile,
currently hasn't the production and business activities
of inter-industry competition with Shenzhen Textile
or its share-holding subsidiary. 2. Shenzhen
Investment Holdings and its share-holding
subsidiaries or other enterprises owned the actual
Shenzhen control rights can't be directly and indirectly on behalf long-term
Investment of any person, company or unit to engage in the same July 14, effectiven
Under
Holdings Co., or similar business in any districts in the future by the 2012 ess
Fulfillment
Ltd. form of share-holding, equity participation, joint
venture, cooperation, partnership, contract, lease, etc.,
and ensure not to use the controlling shareholder's
status to damage the legitimate rights and interests of
Shenzhen Textile and other shareholders, or to gain
the additional benefits. 3. If there will be the situation
of inter-industry competition with Shenzhen Textile
for Shenzhen Investment Holdings and its
share-holding subsidiaries or other enterprises owned
6
深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
the actual control rights in the future, Shenzhen
Investment Holdings will promote the related
enterprises to avoid the inter-industry competition
through the transfer of equity, assets, business and
other ways. 4. Above commitments will be
continuously effective and irrevocable during
Shenzhen Investment Holdings as the controlling
shareholder of Shenzhen Textile or indirectly
controlling Shenzhen Textile.
Other
commitments
offered to the N/A N/A N/A N/A
company’s
minority
shareholders
Whether the
commitments
√ Yes □ No □ not applicable
fulfilled in a
timely manner
The specific
reason for the
unfinished N/A
commitments and
the next step
Whether leads to
competition and
the problem of
□ Yes □ No √not applicable
related party
transaction
commitment
Committed
Not applicable
settled deadline
Solution way Not applicable
Commitments
Not applicable
fulfill status
4. Prediction of Business performance for 2012.
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
Type of date filled for the prediction
□ actual figures √ interval figures
Same period of
Year beginning to end of next
the previous Increase or decrease（%）
report period
year
Estimatedamount of
□ -- Increase
accumulative net profit -10,000 -- -9,000 4,891.56 -304.43% -- -283.99%
√Decrease
（RMB’0000）
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
Basic earnings per shares □ -- □Increas
-0.3 -- -0.27 0.15 -298.11% -- -278.29%
（RMB/share） √Decrease
In 2012, the phase-I project of polarizer sheet for TFT-LCD of the Company is in the climbing
stage. The equipment is required to run continuously for long time to measure the stability of
equipment and products. The Company should constantly improve and optimize processes
according to the condition of products and customer demands. As a result, the costs and expenses
including raw material costs and R&D expenses increased by big margin year on year. Besides, it
takes certain time to complete customer certification and enhance non-defective rate. Therefore, the
Notes to forenctice of earnings
batch production and sales of the phase-I project will be later than the incurring of costs and
expenses in the above-mentioned climbing stage, which caused the Company's loss in this stage.
This is also the general characteristic of TFT - LCD polarizer sheet industry. At present, line 4 has
received orders from Huaxing Optoelectronic and Shenchao Optoelectronic. The Company will
further take effective measures to control cost, increase orders, strengthen employee training and
enhance the level of employees' skilled operation and non-defective rate.
5. Other significant events need to be explained
(1) Securities investment
□applicable √ not applicable
(2) Derivative Investment
□applicable √ not applicable
(3)Particulars about derivatives investment held at the end of report period
□applicable √ not applicable
(4) The registration form of acceptance of investigation, communication and interview in the report period for
future reference
Content of
Date Place Mode Type Visitor discussion and
materials provided
Get an idea of the bu
siness and developm
ent of polarizer sheet
September 12, 2012 The Company Onsite investigation Individual Individual investor project and the com
mitments during the
non-public offering
period in 2012
Get an general idea
July 1,
of the progress of
2012-September30, The Company Telephone Individual Individual investor
phase I of the
2012
polarizer project
(5)Issue of corporate bond
Have the company issued any corporate bond
□applicable √ not applicable
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
V. Appendix
1 Financial statements
Consolidated or not：
√Yes □ No□not applicable
All figures in the notes to the financial statements are in RMB yuan except for otherwise stated.
(1) Consolidated Balance sheet
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. Unit：RMB
Year-end balance
Items Year-beginning balance
Current asset：
Monetary fund 274,169,166.16 468,879,357.70
Settlement provision
Outgoing call loan
Trading financial assets
Bill receivable 11,366,639.26 10,432,562.82
Account receivable 60,257,027.62 56,969,205.31
Prepayments 22,828,449.16 13,018,880.05
Insurance receivable
Reinsurance receivable
Provisions of Reinsurance
contracts receivable
Interest receivable
Dividend receivable
Other account receivable 51,071,415.41 20,736,467.89
Repurchasing of financial assets
Inventories 122,129,871.75 71,575,724.23
Non-current asset due in 1 year
Other current asset
Total of current assets 541,822,569.36 641,612,198.00
Non-current assets：
Loans and payment on other’s
behalf disbursed
Disposable financial asset 66,735,145.51 52,272,895.86
Expired investment in possess
Long-term receivable
Long term share equity investment 47,638,388.02 47,316,633.57
Property investment 156,486,037.62 161,658,463.35
Fixed assets 891,445,151.80 504,127,839.36
Construction in progress 64,913,164.47 334,788,805.45
Engineering material
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
Fixed asset disposal 862,928.05
Production physical assets
Gas & petrol
Intangible assets 45,013,373.43 46,568,689.89
R & D petrol
Goodwill 9,614,758.55 9,614,758.55
Long-germ expenses to be
1,150,578.59 1,625,608.41
amortized
Differed income tax asset 9,016,161.55 8,641,013.23
Other non-current asset
Total of non-current assets 1,292,875,687.59 1,166,614,707.67
Total of assets 1,834,698,256.95 1,808,226,905.67
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 60,462,429.63 40,064,666.59
Advance payment 30,607,914.94 15,512,620.90
Selling of repurchased financial
assets
Fees and commissions receivable
Employees’ wage payable 17,655,117.18 21,718,286.71
Tax payable -43,262,113.91 -20,266,912.29
Interest payable 12,799,792.41 5,546,514.63
Dividend payable
Other account payable 167,956,367.32 122,417,628.78
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 246,219,507.57 184,992,805.32
Non-current liabilities：
Long-term loan 200,000,000.00 200,000,000.00
Bond payable
Long-term payable
Special payable
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
Expected liabilities
Differed income tax liability 11,779,540.08 7,845,002.67
Other non-current liabilities 56,026,875.58 45,760,504.07
Total of non-current liabilities 267,806,415.66 253,605,506.74
Total of liability 514,025,923.23 438,598,312.06
Owners’ equity
Share capital 336,521,849.00 336,521,849.00
Capital reserves 826,344,501.54 814,540,889.30
Less：Shares in stock
Special reserve
Surplus reserves 35,912,706.22 35,912,706.22
Common risk provision
Undistributed profit 121,893,276.96 182,653,149.09
Different of foreign currency translation
Total of owner’s equity belong to the
1,320,672,333.72 1,369,628,593.61
parent company
Minor shareholders’ equity
Total of owners’ equity 1,320,672,333.72 1,369,628,593.61
Total of liabilities and owners’ equity 1,834,698,256.95 1,808,226,905.67
(2) Balance sheet of the Parent Company
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. Unit：RMB
Year-end balance
Items Year-beginning balance
Current asset：
Monetary fund 37,602,064.52 133,011,826.29
Trading financial assets
Bill receivable
Account receivable 35,403.96 323,582.19
Prepayments 1,407,480.00 1,719,680.00
Interest receivable
Dividend receivable
Other account receivable 13,171,424.95 13,020,387.68
Inventories
Non-current asset due in 1 year
Other current asset
Total of current assets 52,216,373.43 148,075,476.16
Non-current assets：
Disposable financial asset 66,735,145.51 52,272,895.86
Expired investment in possess
Long-term receivable
Long term share equity investment 1,064,278,505.82 955,793,681.34
Property investment 146,896,442.75 151,665,495.95
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
Fixed assets 32,341,182.02 33,578,271.19
Construction in progress 7,053,420.19 4,664,276.19
Engineering material
Fixed asset disposal
Production physical assets
Gas & petrol
Intangible assets 1,081,045.70 1,373,482.16
R & D petrol
Goodwill
Long-germ expenses to be
amortized
Differed income tax asset 5,073,478.23 5,148,905.27
Other non-current asset
Total of non-current assets 1,323,459,220.22 1,204,497,007.96
Total of assets 1,375,675,593.65 1,352,572,484.12
Current liabilities
Short-term loans
Trade off financial liabilities
Bill payable
Account payable 524,843.57 1,388,181.57
Advance payment 639,024.58 639,024.58
Employees’ wage payable 2,255,819.68 5,606,640.12
Tax payable 2,304,320.91 3,661,093.00
Interest payable
Dividend payable
Other account payable 71,801,326.05 68,280,337.84
Non-current liability due in 1 year
Other current liability
Total of current liability 77,525,334.79 79,575,277.11
Non-current liabilities：
Long-term loan
Bond payable
Long-term payable
Special payable
Expected liabilities
Differed income tax liability 11,701,702.08 7,767,164.67
Other non-current liabilities
Total of Non-current liabilities 11,701,702.08 7,767,164.67
Total of liability 89,227,036.87 87,342,441.78
Owners’ equity
Share capital 336,521,849.00 336,521,849.00
Capital reserves 817,761,519.75 805,957,907.51
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
Less：Shares in stock
Special reserves
Surplus reserves 35,912,706.22 35,912,706.22
Common risk provision
Undistributed profit 96,252,481.81 86,837,579.61
Different of foreign currency translation
Total of owners’ equity 1,286,448,556.78 1,265,230,042.34
Total of liabilities and owners’ equity 1,375,675,593.65 1,352,572,484.12
(3) Profit statement(Consolidated) of the report period
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I. Total operating income 179,546,553.52 178,733,950.00
Including：Operating income 179,546,553.52 178,733,950.00
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 221,472,371.22 169,894,950.17
Including：Operating cost 186,983,026.26 143,342,312.95
Interest expense
Commission chare 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 1,787,741.12 1,719,408.10
Sales expenses 1,874,098.67 2,039,634.56
Administration expenses 27,955,355.86 21,094,039.70
Financial expenses 2,323,012.12 -1,693,449.90
Losses of devaluation of assets 549,137.19 3,393,004.76
Add ：Changing income of fair value
Investment income 1,134,918.64 1,201,416.68
Including：Investment income on affiliate
422,666.91 241,426.13
company and joint venture
Exchange income
III. Operating profit -40,790,899.06 10,040,416.51
Add ：Non-operating income 2,450,273.95 2,348,605.21
Less：Non-operating expense 2,246,457.11 1,379.63
Including :Disposal loss of non-current
assets
IV. Total profit -40,587,082.22 12,387,642.09
Less：Income tax 1,436,546.84 2,074,898.31
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
V. Net profit -42,023,629.06 10,312,743.78
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to owner’s equity of
-42,023,629.06 10,312,743.78
parent company
Minority shareholders’ gains and
losses
VI. Earnings per share： -- --
（I）Basic earnings per share -0.12 0.03
(II)Diluted earnings per share -0.12 0.03
VII. Other comprehensive income 2,543,348.96 12,263,363.48
VIII. Total comprehensive income -39,480,280.10 22,576,107.26
Total comprehensive income attributable to
-39,480,280.10 22,576,107.26
the owner of the parent company
Total comprehensive income attributable
minority shareholders
(4) Profit statement(Parent Company) of the report period
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I. Business income 15,034,829.39 14,655,598.71
Less：Business cost 4,181,624.83 3,526,359.34
Business tax and surcharge 1,139,384.27 1,117,967.53
Sales expense
Administrative expense 7,261,223.18 8,940,973.55
Financial expenses -44,912.20 -1,568,290.76
Asset impairment loss 40,471.80 -653,181.04
Add：Gains from change of fir
value （“-”for loss）
Investment gain（“-”for loss） 1,134,918.64 1,201,416.68
Incl: investment gains from
422,666.91 241,426.13
affiliates
II. Operational profit 3,591,956.15 4,493,186.77
Add：Non-business income 46,145.59
Less：Non business expenses
Incl：Loss from disposal of
non-current assets
III.Total profit 3,591,956.15 4,539,332.36
Less：Income tax expenses 1,118,572.42 487,572.87
IV. Net profit 2,473,383.73 4,051,759.49
V. Earnings per share -- --
（I）Basic earnings per share 0.01 0.01
(II)Diluted earnings per share 0.01 0.01
VII. Other comprehensive income 2,543,348.96 12,263,363.48
VIII. Total comprehensive income 5,016,732.69 16,315,122.97
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
( 5) Profit statement (Consolidated )from year-begin to the end of report period
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I. Total operating income 554,979,545.43 497,916,667.75
Including：Operating income 554,979,545.43 497,916,667.75
Interest income
Insurance gained
Commission charge and commission
income
II. Total operating cost 622,213,695.53 467,400,614.57
Including：Operating cost 523,559,790.43 404,514,886.12
Interest expense
Commission chare 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 5,720,961.52 5,272,489.15
Sales expenses 5,697,471.91 5,484,409.00
Administration expenses 80,880,655.36 51,748,404.77
Financial expenses 3,393,433.14 -6,037,211.04
Losses of devaluation of assets 2,961,383.17 6,417,636.57
Add ：Changing income of fair value
Investment income 5,658,731.22 4,703,575.21
Including：Investment income on affiliate
721,754.45 338,880.01
company and joint venture
Exchange income
III. Operating profit -61,575,418.88 35,219,628.39
Add ：Non-operating income 7,193,610.63 17,968,018.28
Less：Non-operating expense 2,256,503.70 3,269.91
Including :Disposal loss of non-current
assets
IV. Total profit -56,638,311.95 53,184,376.76
Less：Income tax 4,121,560.18 10,507,656.29
V. Net profit（“-”for net loss -60,759,872.13 42,676,720.47
Including: Net profit realized by the
entity taken over before the takeover
Net profit attributable to the
-60,759,872.13 42,676,720.47
owners of parent company
Minority shareholders’ equity
VI. Earnings per share： -- --
（I）Basic earnings per share -0.18 0.13
(II)Diluted earnings per share -0.18 0.13
VII. Other comprehensive income 11,803,612.24 7,610,975.03
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
VIII. Total comprehensive income -48,956,259.89 50,287,695.50
Total comprehensive income attributable to
-48,956,259.89 50,287,695.50
the owner of the parent company
Total comprehensive income attributable
minority shareholders
(6) Profit statement(Parent company) from year-begin to the end of report period
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I. Business income 43,241,700.46 42,067,610.90
Less：Business cost 10,640,060.37 9,332,976.73
Business tax and surcharge 3,622,599.57 3,544,408.34
Sales expense
Administrative expense 22,424,554.94 22,403,212.89
Financial expenses -340,625.86 -5,652,769.85
Asset impairment loss -301,708.17 -799,383.25
Add：Gains from change of fir
value （“-”for loss）
Investment gain（“-”for loss） 5,115,798.65 4,161,633.58
Incl: investment gains from
721,754.45 338,880.01
affiliates
II. Operational profit 12,312,618.26 17,400,799.62
Add：Non-business income 10,965,368.64
Less：Non business expenses 88.28
Incl：Loss from disposal of
non-current assets
III.Total profit 12,312,618.26 28,366,079.98
Less：Income tax expenses 2,897,716.06 5,781,074.01
IV. Net profit 9,414,902.20 22,585,005.97
V. Earnings per share -- --
（I）Basic earnings per share 0.03 0.07
(II)Diluted earnings per share 0.03 0.07
VI. Other comprehensive income 11,803,612.24 7,610,975.03
VII. Total comprehensive income 21,218,514.44 30,195,981.00
(7) Cash flow statement(Consolidated) from year-begin to the end of report period
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
558,524,864.44 494,967,965.52
rending of services
Net increase of customer deposits
and capital kept for brother company
Net increase of loans from
16
深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
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 40,689,124.87 50,206,018.20
Other cash received from business
26,168,385.86 16,252,241.22
operation
Sub-total of cash inflow 625,382,375.17 561,426,224.94
Cash paid for purchasing of
597,966,483.59 423,080,126.82
merchandise and services
Net increase of client trade and
advance
Net increase of savings n central
bank and brother company
Cash paid for original contract claim
Cash paid for interest, processing
fee and commission
Cash paid for policy dividend
Cash paid to staffs or paid for
59,514,602.56 56,376,229.13
staffs
Taxes paid 24,694,057.28 24,230,841.17
Other cash paid for business
34,671,093.91 22,900,436.95
activities
Sub-total of cash outflow from
716,846,237.34 526,587,634.07
business activities
Cash flow generated by business
-91,463,862.17 34,838,590.87
operation, net
II.Cash flow generated by investing
Cash received from investment
5,112,444.20 1,715,606.46
retrieving
Cash received as investment gains 2,610,300.00 3,248,582.63
Net cash retrieved from disposal of
fixed assets, intangible assets, and 543,474.00 67,145.59
other long-term assets
17
深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
Net cash received from disposal of
subsidiaries or other operational
units
Other investment-related cash
41,400.00 406,065,903.23
received
Sub-total of cash inflow due to
8,307,618.20 411,097,237.91
investment activities
Cash paid for construction of
fixed assets, intangible assets 110,458,309.31 421,062,196.61
and other long-term assets
Cash paid as investment
Net increase of loan against pledge
Net cash received from subsidiaries
and other operational units
Other cash paid for investment
35,094.06 1,000,000.00
activities
Sub-total of cash outflow due to
110,493,403.37 422,062,196.61
investment activities
Net cash flow generated by
-102,185,785.17 -10,964,958.70
investment
III.Cash flow generated by financing
Cash received as investment
Incl: Cash received as investment
from minor shareholders
Cash received as loans
Cash received from bond
placing
Other financing –related ash
received
Sub-total of cash inflow from
0.00 0.00
financing activities
Cash to repay debts 23,000,000.00
Cash paid as dividend, profit, or
582,381.94
interests
Incl: Dividend and profit paid by
subsidiaries to minor shareholders
Other cash paid for financing
1,210,000.00
activities
Sub-total of cash outflow due to
1,210,000.00 23,582,381.94
financing activities
Net cash flow generated by
-1,210,000.00 -23,582,381.94
financing
IV. Influence of exchange rate
alternation on cash and cash -16,810.92 -374,945.39
equivalents
V.Net increase of cash and cash
-194,876,458.26 -83,695.16
equivalents
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深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
Add: balance of cash and cash
463,817,642.79 417,686,594.80
equivalents at the beginning of term
VI ..Balance of cash and cash
268,941,184.53 417,602,899.64
equivalents at the end of term
(8) Cash flow statement( Parent Company) from year-begin to the end of report period
Prepared by: Shenzhen Textile (Holdings) Co., Ltd. Unit：RMB
Items Report period Same period of the previous year
I.Cash flows from operating activities
Cash received from sales of goods or
43,408,078.32 43,799,613.24
rending of services
Tax returned 237,788.57
Other cash received from business
4,912,423.40 10,166,095.41
operation
Sub-total of cash inflow 48,320,501.72 54,203,497.22
Cash paid for purchasing of
3,953,601.95 3,401,566.70
merchandise and services
Cash paid to staffs or paid for
14,384,516.71 17,529,934.39
staffs
Taxes paid 8,802,024.06 7,086,564.20
Other cash paid for business
11,522,668.94 10,661,076.78
activities
Sub-total of cash outflow from
38,662,811.66 38,679,142.07
business activities
Cash flow generated by business
9,657,690.06 15,524,355.15
operation, net
II.Cash flow generated by investing
Cash received from investment
5,112,444.20 1,715,606.46
retrieving
Cash received as investment gains 2,610,300.00 3,009,925.11
Net cash retrieved from disposal of
fixed assets, intangible assets, and 46,145.59
other long-term assets
Net cash received from disposal of
subsidiaries or other operational
units
Other investment-related cash
406,065,903.23
received
Sub-total of cash inflow due to
7,722,744.20 410,837,580.39
investment activities
Cash paid for construction of
fixed assets, intangible assets 3,417,126.00 3,176,721.37
and other long-term assets
Cash paid as investment 108,163,070.03 280,000,000.00
Net cash received from subsidiaries
and other operational units
19
深圳市纺织(集团)股份有限公司 2012 年第三季度报告全文
Other cash paid for investment
activities
Sub-total of cash outflow due to
111,580,196.03 283,176,721.37
investment activities
Net cash flow generated by
-103,857,451.83 127,660,859.02
investment
III.Cash flow generated by financing
Cash received as investment
Cash received as loans
Cash received from bond
placing
Other financing –related ash
received
Sub-total of cash inflow from
0.00 0.00
financing activities
Cash to repay debts
Cash paid as dividend, profit, or
interests
Other cash paid for financing
1,210,000.00
activities
Sub-total of cash outflow due to
1,210,000.00 0.00
financing activities
Net cash flow generated by
-1,210,000.00 0.00
financing
IV. Influence of exchange rate
alternation on cash and cash
equivalents
V.Net increase of cash and cash
-95,409,761.77 143,185,214.17
equivalents
Add: balance of cash and cash
133,011,826.29 84,353,357.87
equivalents at the beginning of term
VI ..Balance of cash and cash
37,602,064.52 227,538,572.04
equivalents at the end of term
2. Auditor’ report
Auditor’s opinions: Not audited
This Report has been prepared in both Chinese and English. In case of any discrepancy, the Chinese version
shall prevail.
The Board of Directors of Shenzhen Textile (Holdings) Co., Ltd.
October 25, 2012
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