Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
Stock code: 000045 ， 200045 Stock Abbreviation: Shen Textile A ， Shen Textile B
Announcement No.: 2013-27
Shenzhen Textile (Holdings) Co., Ltd.
The First Quarterly Report 2013
April 27, 2013
1
Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
§1 Important Notice
The Board of Directors ,Supervisory Committee, all directors, supervisors and senior executives 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.
Mr.Wang Bin, The Company leader, Mr. Zhu Jun, Chief financial officer and the Mr.Liu Yi, the person in charge
of the accounting department (the person in charge of the accounting )hereby confirm the authenticity and
completeness of the financial report enclosed in this Quarterly Report .
All the directors attended the board meeting for reviewing the Quarterly Report.
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
II.Main financial data and changes of shareholders
（1）Main financial data
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not.
□Yes√ No
January-March 2013 January-March 2012 Increase /decrease（％）
Operating income（RMB） 272,192,643.51 191,211,012.28 42.35%
Net profit attributable to the shareholders
-4,837,718.05 8,604,015.85 -156.23%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -7,691,698.86 4,821,936.24 -259.51%
listed company（RMB）
Cash flow generated by business operation,
-33,554,913.31 8,355,964.43 -501.57%
net（RMB）
Basic earning per share(RMB/Share) -0.01 0.03 -133.33%
Diluted gains per
-0.01 0.03 -133.33%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
-0.31% 0.62% Decreased by 0.93%
（%）
March 31, 2013 December 31 ,2012 Increase /decrease（％）
Gross assets（RMB） 2,927,560,538.34 1,880,660,667.21 55.67%
Net profit attributable to the shareholders
2,272,578,141.46 1,303,011,954.39 74.41%
of the listed company（RMB）
Items of non-current gains and losses
√ applicable □ not applicable
Unit：RMB
Amount (Year-beginning to
Non-recurring gain and loss items Notes（If applicable）
the end of the report period.)
Mainly including the amortized
governmental R&D subsidy of
Government subsidy recognized in current gain and RMB 1,977,495，amortized
loss(excluding those closely related to the Company’s business 2,667,376.12 national aid of RMB 250,000 for
and granted under the state’s policies) the special project of new-type
panel display industrialization,
amortized subsidy of RMB
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
300,000 for the project of
industrialization for polarizer
sheet for TFT-LCD, TFT-LCD,
amortized supporting funds of
RMB 500,000 for the
demonstration project of hi-tech
industrialization, amortized
discount of loans appropriated by
Shenzhen Treasury Board and
amortized amount of
RMB48,411.12，the booth
development subsidy payments
of small size companies was
RMB 11,470 and Shenzhen
Municipal Bureau of Finance
industry development funds was
RMB30,000
Other non-business income and expenditures other than the above 186,604.69
Total 2,853,980.81 --
(2) Total number of shareholders at the end of report period and Particular about shares held by top ten
shareholders
Unit：Shares
Total number of shareholders at the
18,419
end of report period
Particular about shares held by top ten shareholders
Amount of Pledging or freezing
Properties of Share tradable shares
Shareholder name Quantity Status of the
shareholder proportion % with Conditional Quantity
shares
held
Shenzhen
Investment State-owned legal
46.21% 234,069,436 89,092,384
Holdings Co., person
Ltd.
Tibet Ruihua
Domestic non
Investment
State-owned 4.17% 21,108,061 21,108,061
Development
Legal person
Co., Ltd.
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
National Social
Security Fund Other 3.45% 17,500,000 17,500,000
portfolio 501
Pingan Dahua
Fund Company－
Pingan Bank－
Pingan Intrust
Other 3.39% 17,156,003 17,156,003
PinganWealth＊
trust fund plan of
Chuangying stage
1 No. 13
Domestic non
CITIC Securities
State-owned 3.39% 17,152,701 17,152,701
Co., Ltd.
Legal person
Pingan Dahua
Fund Company－
Other 3.39% 17,152,659 17,152,659
Pingan Bank－
Wang Fang
Huaan Fund
Company－ICBC
－Huarong
IntrustEquity
Other 3.39% 17,152,658 17,152,658
investment trust
fund plan of
Huaan Fund
NO.2
Shenzhen
Shenchao
State-owned
Technology 3.18% 16,129,032 16,129,032
Legal person
Investment Co.,
Ltd.
ICBC－Nuoan
Securities Other 0.89% 4,501,900 4,501,900
Investment Fund
Domestic Nature
Wang Aixiang 0.53% 2,710,391 0
person
Shareholding of top 10 shareholders of unrestricted shares
Quantity of unrestricted shares held at the end of the Share type
Name of the shareholder
reporting period Share type Quantity
Shenzhen Investment Holdings Co., 144,977,052 RMB Common 144,977,052
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
Ltd. shares
RMB Common
Wang Aixiang 2,710,391 2,710,391
shares
China Merchants Securities Co., Ltd.
－Bank of Communications－
RMB Common
Domestic demand collective asset 1,712,126 1,712,126
shares
management plan of China
Merchants Securities Zhiyuan
Foreign shares
placed in
Zheng Bangsheng 1,203,800 1,203,800
domestic
exchange
Zheshang Securities Co.,Ltd.
RMB Common
Customer credit Guarantee securities 1,155,300 1,155,300
shares
account
RMB Common
Song Fenyang 988,352 988,352
shares
Foreign shares
placed in
Xu Ruijiang 791,688 791,688
domestic
exchange
Foreign shares
placed in
Zheng Chuangjian 654,822 654,822
domestic
exchange
RMB Common
Chen Haihua 653,831 653,831
shares
RMB Common
Wang Fenglan 652,400 652,400
shares
Shenzhen Investment Holdings Co., Ltd. is the controlling shareholder of the company. the
Company did not whether there is relationship between the top ten shareholders holding
non-restricted negotiable shares and between the top ten shareholders holding non-restricted
Explanation on associated negotiable shares and the top 10 shareholders or whether they are persons taking concerted
relationship among the aforesaid action defined in Regulations on Disclosure of Information about Shareholding of
shareholders Shareholders of Listed Companies.
Cai Zhihao, shareholders of Zhejiang Securities Co., Ltd. held customer credit transactions ba
cked securities accounts 1,155,200 shares, 100 shares held by ordinary securities account, the
actual total of 1,155,300 shares held.
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
III. Significant Events
I. Particular about large-margin change of main accounting statement item and financial index and its reason.
（1）The ending balance of Monetary capital increased by RMB 899,876,906.94 and 387.18% over beginning of
period Mainly due to obtaining raised proceeds through private issue of shares;
（2）The ending balance of Account receivable increased by RMB 41,797,387.30 and 41.41% over beginning of
period Mainly due to the increase of trade receivable in credit period;
（3）The ending balance of Other receivable account increased by RMB 36,554,374.04 and 287.58% over
beginning of period mainly due to increase of order for export trade near the end of period;
（4）The ending balance of Inventory increased by RMB 60,861,625.08 and 42.48% over beginning of period
Mainly due to increase of raw material purchase for producing polarizer sheet products for TFT-LCD;
（5）The ending balance of Total of current assets increased by RMB 1,029,685,482.47and 183.70% over
beginning of period Mainly due to non-public offering fundraising funds to the allowance of government
increased；
（6）The ending balance of Construction in progress increased by RMB 17,989,841.79 and 155.40% over
beginning of period Mainly due to increase of construction investment for phase-II project of polarizer sheet for
TFT-LCD;
（7）The ending balance of Short-term borrowing increased by RMB 24,019,521.16 and 59.82% over beginning
of period Mainly due to increase of working capital loan in current period;
（8）The ending balance of account payable increased by RMB 61,244,327.37 and 60.5% over beginning of
period Mainly due to increase of accounts payable for purchase of raw materials and outsourced products for
producing polarizer sheet products for TFT-LCD;
（9）The ending balance of Advance payment increased by RMB 38,226,116.81 and 148.95% over beginning
of period Mainly due to increase of advances on sales for export trade near the end of period;
（10）The ending balance of Deferred income tax liabilities increased by RMB 4,217,634.76 and 33.48% over
beginning of period Mainly due to increase of deferred income tax liabilities recognized after the change of fair
value of financial assets available for sale;
（11）The ending balance of Share capital liabilities increased by RMB 170,000,000.00 and 50.52% over
beginning of period Mainly due to private issue of 170 million RMB ordinary shares;
（12）The ending balance of Capital reserves increased by RMB804,403,905.12 and 97.04% over beginning
of period Mainly due to share capital premium in private issue of 170 million RMB ordinary shares;
（13）The ending balance of owner’s equity belong to the parent company increased by RMB969,566,187.07
and 74.41% over beginning of period Mainly due to non-public offering fundraising funds to the allowance of
government increased；
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
（14）Business income increased by RMB 80,981,631.23 and 42.35% year on year Mainly due to increase of
sales income for project of polarizer sheet for TFT-LCD;
（15）Business cost increased by RMB 88,063,157.52 and 52.93% year on year Mainly due to increase of
sales cost project of polarizer sheet for TFT-LCD;
（16）Administrative expenses increased by RMB 6,816,057.47 and 36.39% year on year Mainly due to
increase of R&D expenses for polarizer sheet products for TFT-LCD;
（17）Financial expenses decreased by RMB 3,858,287.08 and 214.47% Mainly due to the depreciation of the
yen, the increase in foreign exchange gains;
（18）Impairment loss of assets increased by RMB 2,662,754.98 and 5709.48% Mainly due to provision for
bad debts made as a result of increase of trade accounts receivable in credit period;
（19）Investment Income decreased by RMB 2,920,811.92 and 76.05% Mainly due to decrease of sales of
financial assets available for sale through secondary market;
（20）Total profit decreased by RMB15,735,926.46 and146.10% Mainly because fixed assets and depreciation
expenses of Shenzhen Shengbo Optoelectronic Technology Co., Ltd., a subsidiary of the Company, increased by
big margin year on year and costs and expenses increased by bigger margin than sales;
（21）Income tax expenses decreased by RMB2,294,192.56 and 105.89% Mainly due to decrease of income
tax expenses caused by recognition of deductible losses as deferred income tax assets in current period;
（22）Net profit decreased by RMB13,441,733.90 and 156.23% Mainly due to fixed assets and depreciation
expenses of Shenzhen Shengbo Optoelectronic Technology Co., Ltd., a subsidiary of the Company, increased by
big margin year on year and costs and expenses increased by bigger margin than sales;
（23）Tax returned Increased by RMB13,748,531.61 and 93.15% Mainly due to increase of export rebates for
polarizer sheet products and trade;
（24）Sub-total of cash inflow from business activities increased by RMB123,317,307.44 and 69.18% Mainly
due to increase of purchase of raw materials necessary for production of polarizer sheet for TFT-LCD and
business volume of export trade;
（25）Cash paid for purchasing of merchandise and services increased by RMB156,155,216.75 and 113.51%
Mainly due to increase of purchase of raw materials necessary for production of polarizer sheet for TFT-LCD;
（26）Net Cash flow generated by business operation decreased by RMB 41,910,877.74 and 501.57% Mainly
due to increase of purchase of raw materials necessary for production of polarizer sheet for TFT-LCD;
（27）Cash outflow from business activities cash outflow from business activities decreased by
RMB3,011,661.62 and 67.66% Mainly due to decrease of sales of financial assets available for sale through
secondary market;
（28）Net cash flow generated by investment decreased by RMB14,195,524.39 and 34.93% Mainly due to
increase of balance of payment for engineering equipment of phase-I project of polarizer sheet for TFT-LCD;
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
（29）Net increase of cash and cash equivalents increased by RMB932,780,852.79 and 2834.86% Mainly due
to obtaining raised proceeds through private issue of shares.
(II) Items of profit statement as compared with the same period of the previous year
(I) Particulars of private issue of shares in 2012
In the report period, Approved by China Securities Regulatory Commission with Zheng Jian Xu Ke (2013) No.
2 Document, the Company privately issued 170,000,000 RMB ordinary shares to specific investors at the price of
RMB 5.83 per share. The total amount of the proceeds raised through private issue of shares is RMB
991,100,000.00. With the issuance cost of RMB 29,348,999.15 being deducted, the net amount of raised proceeds is
RMB 961,751,000.85. The said raised proceeds were examined and verified by Peking Certified Public
Accountants Co., Ltd. with Qin Xin Yan Zi (2013) No. 6 Capital Verification Report issued on March 8, 2013. All
proceeds raised through private issue of shares will be invested in phase-II project of polarizer sheet for TFT-LCD.
The Company submitted relevant registration materials to Shenzhen Branch of China Securities Registration &
Settlement Co., Ltd. in respect of this secondary offering on March 11, 2013 and received the Letter of Confirmation
of Pre-registration of Securities on March 12, 2013.
On March 26, 2013, RMB 170,000,000 ordinary shares privately issued have been listed at Shenzhen Stock
Exchange.
Refer to Report on Private Issue of A Shares and Announcement of Listing of Shares of Shenzhen Textile
(Holding) Co., Ltd. published on http: / / www.cninfo.com.cn on March 26, 2013 for details.
（II）Status of internal control:
In the report period, 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. Report of the Company on Semiannual Self-evaluation of Internal Control for 2012 was examined
and adopted at the 32nd meeting of the fifth board of directors and disclosed. Peking Certified Public Accountants
Co., Ltd. issued Qin Xin Shen Zi (2013) No. 24 Auditor's Report on Internal Control of Shenzhen Textile
(Holding) Co., Ltd. for the Company. Refer to Self-evaluation report of internal control for year of 2012 of the
Company on www .cninfo.com.cn on March 30 2013 for details.
(III) Progress of phase-I project of polarizer sheet for TFT-LCD
In the report period, Phase-I project of polarizer sheet for TFT-LCD has made smooth progress. The climbing
period for Line 4 and line 5 has ended and they have fully been put into batch production. Comprehensive
non-defective rate has exceeded 90%. In 2013, Shengbo Optoelectronic is expected to sell polarizer sheet products
to Shenzhen Huaxing Optoelectronic Technology Co., Ltd. The estimated total amount of sales is not more than
RMB 400 million. Meanwhile, the Company has supplied goods in batch quantity to Longteng Optoelectronic and
Shenchao Optoelectronic. Polarizer sheet sales income in 2013 is expected to increase by big margin. Concrete
sales amount is subject to customers' purchase orders and the Company's actual supply volume.
Website for disclosing provisional reports
Summary of important events Disclosure date
and inquiry indexing
The application for private issue of A January 8, 2013 Announcement of Approval of Application
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
shares was approved. of Shenzhen Textile (Holdings) Co., Ltd.
for Private Issue of A Shares by China
Securities Regulatory Commission
published on http: / / www.cninfo.com.cn
on January 8, 2013.
The climbing period for line 4 of phase-I
project of polarizer sheet for TFT-LCD
Announcement of the Related Party
ended and it was fully put into batch
Transactions of Shenzhen Textile
production. The estimated total amount of January 22, 2013
(Holding) Co., Ltd. published on http: / /
sales of polarizer sheet products to
www.cninfo.com.cn on January 22, 2013.
Huaxing and Guangxing in 2013 is not
more than RMB 400 million.
Announcement of Resolutions of the 31st
Meeting of the Fifth Board of Directors of
Assignment of equity of Union Developing
January 29, 2013 Guangdong Electric Power Development
Group Co., Ltd. at appraised price
Co., Ltd. published on http: / /
www.cninfo.com.cn on January 29, 2013..
Report on Private Issue of A Shares and
Announcement of Listing of Shares of
Shenzhen Textile (Holding) Co., Ltd.
Listing of new shares privately issued to (Summary) Report on Private Issue of A
March 25, 2013
specific investors in 2012 Shares and Announcement of Listing of
Shares of Shenzhen Textile (Holding) Co.,
Ltd. (Summary) published on http: / /
www.cninfo.com.cn on March 25, 2013.
III．The commitments of the Company and its shareholders holding over 5% of the Company’s total shares in the
report year of extending to the report year from previous year.
Time of
Commitment Period of
Commitment Contents making Fulfillment
maker commitment
commitment
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
Shenzhen
circulation in the market: i. if they plan to sell
Commitment on Investment Continuously Under
the shares through the securities exchange
share reform Holdings Co., valid Fulfillment
system in the future, and the decrease of the
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 trading days before the
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Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
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.
Commitment in the
acquisition report or
the report on equity
changes
Commitment made
upon the assets
replacement
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
Commitments made Investment Continuously Under
Co., Ltd. and its wholly owned subsidiaries,
upon issuance Holdings Co., valid Fulfillment
subsidiaries under control or other companies
Ltd.
that have actual control of it compete with
Shenzhen Textile in the same industry or
contradict the interest of the issuer in the
future, Shenzhen Investment Holdings Co.,
Ltd. shall urge such companies to sell the
equity, assets or business to Shenzhen Textile
or a third party; when the horizontal
competition may occur due to the business
expansion concurrently necessary for Shenzhen
Investment Holdings Co., Ltd. and its wholly
owned subsidiaries, subsidiaries under control
or other companies that have actual control of
it and Shenzhen Textile, Shenzhen Textile shall
have priority.
11
Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
Shenzhen Refer to the Announcement of Approval of 36 months from
Investment Application for Private Issue of Shares that March 25, the listing day of Under
Holdings Co., issued by the Board of Directors of Shenzhen 2013 new shares, i.e., Fulfillment
Ltd. Textile (Holdings) Co., Ltd.（No.:2013-12） March 26, 2013
Other objects of
issue including Refer to the Announcement of Approval of 12 months from
Tibet Ruihua Application for Private Issue of Shares that March 25, the listing day of Under
Investment issued by the Board of Directors of Shenzhen 2013 new shares, i.e., Fulfillment
Development Textile (Holdings) Co., Ltd.（No.:2013-12） March 26, 2013
Co., Ltd.
The Board of Directors of The Board of
Directors of Shenzhen Textile (Holdings) Co.,
Other commitments
Ltd.
made to minority
Announcement of Approval of Application for
shareholders
Private Issue of Shares
Executed timely or
Yes
not?
Detailed person for
failing to execute Not applicable
and the next plan
Make commitments
on causing the
problements of
horizontal No
competition and
related-party
transactions or not?
Way of settlement Not applicable
Fulfillment of
Under strict fulfillment
commitment
IV．Prediction of Business performance for January- June 2013.
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
12
Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
V. Securities investment
Number
Shareho Shareho
of Number
lding lding Book
shares of
proporti proporti balance Gain.
Initial held at shares
on at the on at the at the loss of
Stock investm the held at Account Sauce
Security Stock beginnin end of end of the
Abbreviat ent beginnin the end ing of the
category Code g of the the the reportin
ion cost(RM g of the of the items shares
reportin reportin reportin g period
B) reportin reportin
g g g period (RMB)
g g period
period( period( (RMB)
period(s (shares)
%) %)
hares)
Financial
ST Victor 11,356,63 78,668,51 assets Legal
Stock 000018 9,233,394 5.64% 9,233,394 5.64% 0.00
Onward 8.86 6.88 available shares
for sale
Financial
*ST Debt
9,847,598 8,362,015 assets
Stock 000030 Sengrun 985,733 0.34% 985,733 0.34% 0.00 restructur
.31 .84 available
A ing
for sale
Other securities investment 0 -- 0 -- 0.00 -- --
21,204,23 10,219,12 10,219,12 87,030,53
Other -- -- 0.00 -- --
7.17 7 7 2.72
Notes
VI. Derivative Investment
Statement on analyzing and controlling of risks with derivate
investment in the report term (including but not limited to market No
risks, liquidity risks, credit risks, operation risks, and legal risks)
Change of derivate instrument market price or fair value,
information disclosing on the fair value, relative estimation and No
setting of indexes
Statement on major alternation in accounting polices and
accounting basis on derivate instruments comparing with last No
year
Particular comments of the independent directors on investment
No
of derivate instruments and risk controlling
Derivative investment held at period-end
□Applicable √ Not applicable
13
Shenzhen Textile (Holdings) Co., Ltd. The First Quarterly Report 2013
Notes
VII. The registration form of acceptance of investigation, communication and interview in the report period for
future reference
Content of discussion and
Date Place Mode Type Visitor
materials provided
Huabao Industry, To learn about the
Nuoan Fund, Boshi production and operation of
Onsite
January 15, 2013 Shengbo Company Organization Fund, Huaxia Fund a project to understand the
investigation
and Pingan polarizer sheet of phase-I
Securities and II project
To learn about the
production and operation of
Onsite
January 16, 2013 The Company Organization Guosen Securities a project to understand the
investigation
polarizer sheet of phase-I
and II project
China Securities,
Zhongyuan
Securities, Guosen
Securities Guangfa To learn about the
Securities , production and operation of
Onsite
January 18, 2013 The Company Organization Shenzhen Taihe a project to understand the
investigation
Kunde Investment polarizer sheet of phase-I
Company and and II project
Shenzhen Yintai
Investment
Company
To learn about the
Jiangxi Ruituo
production and operation of
Onsite Investment
February 20, 2013 The Company Organization a project to understand the
investigation Management Co.,
polarizer sheet of phase-I
Ltd.
and II project
14
