深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
Stock code: 000045，200045 Stock Abbreviation: Shen Textile A ，Shen Textile B
Announcement No.: 2014-35
Shenzhen Textile (Holdings) Co., Ltd.
The First Quarterly Report 2014
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
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.
All the directors attended the board meeting for reviewing the Quarterly Report.
Mr.Wang Bin, Person in charge of the Company, Mr. Zhu Jun, Chief financial officer and the Mr.Jiang
Xiaojun, 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 .
This Report has been prepared in both Chinese and English , In case any discrepancy , the Chinese version shall
prevail.
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
II.Main financial data and changes of shareholders
（1）Main financial data and indices
Whether it has retroactive adjustment or re-statement on previous accounting data for accounting policy changed and accounting
error correction or not.
□Yes√ No
Changes of this period over
This period Same period of last year same period of last year
（％）
Operating income（RMB） 220,802,549.07 272,192,643.51 -18.88%
Net profit attributable to the shareholders
-10,972,224.82 -6,470,390.80 -69.65%
of the listed company（RMB）
Net profit after deducting of non-recurring
gain/loss attributable to the shareholders of -19,917,020.21 -9,324,371.61 -113.6%
listed company（RMB）
Cash flow generated by business operation,
-2,642,086.07 -33,554,913.31 92.13%
net（RMB）
Basic earning per share(RMB/Share) -0.02 -0.02 0%
Diluted gains per
-0.02 -0.02 0%
share(RMB/Share)(RMB/Share)
Weighted average return on equity
-0.48% -0.5% 3.03%
（%）
Changes of this period-end
End of this period End of last period over same period-end of last
year(%)
Gross assets（RMB） 2,824,648,085.47 2,851,759,735.91 -0.95%
Net profit attributable to the shareholders
2,280,144,980.29 2,297,846,577.11 -0.77%
of the listed company（RMB）
Items and amount of non-current gains and losses
√ Applicable □ Not applicable
In RMB
Amount (Year-beginning to
Non-recurring gain and loss items Notes（If applicable）
the end of the report period.)
Government subsidy recognized in current gain and Amortized national aid of RMB
2,832,303.66
loss(excluding those closely related to the Company’s business 300,000 for the special project of
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
and granted under the state’s policies) new-type panel display
industrialization and the
demonstration project of hi-tech
industrialization;
Shenzhen Treasury Board amorti
zed discount of three loans appro
priated of RMB 60,486.11;Amort
ization R & D grants by govern
ment was RMB 1,977,495;Amort
ized subsidy of RMB 125,000 for
the project of industrialization f
or polarizer sheet for TFT-LCD p
hase 1 narrow line (line 5);
Amortization of purchase of impo
rted equipment and technology gr
ant of RMB 44,322.55;Amortized
subsidy of RMB 325,000 for the
project of industrialization for po
larizer sheet for TFT-LCD.
Governmental subsidy reckoned into current gains
/losses (not including the subsidy enjoyed in quota or
8,072,850.38
ration according to national standards, which are closely
relevant to enterprise’s business)
Other non-business income and expenditures other than the above 69,295.92
Less:Amount of influence of income tax 2,029,654.57
Total 8,944,795.39 --
For the Company’s non-recurring gain/loss items as defined in the Explanatory Announcement No.1 on
information disclosure for Compaines Offering their Securities to the Public-Non-recurring Gains and Losses and
its non-recurring gain/loss items as illustrated in the Explanatory Announcement No.1 on information Disclosure
for Companies offering their securities to the public-non-recurring Gains and losses which have been defined as
recurring gains and losses, it is necessary to explain the reason.
□ Applicable√ Not applicable
(2) Total number of shareholders at the end of report period and Particular about shares held by top ten
shareholders
In RMB
Total number of shareholders at the end
17,507
of report period
Particular about shares held by top ten shareholders
Shareholder name Properties of Share Quantity Amount of Pledging or freezing
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
shareholder proportion % tradable shares
Status of the
with Conditional Quantity
shares
held
Shenzhen
State-owned
Investment Holdings 46.21% 234,069,436 51,457,976
legal person
Co., Ltd.
Tibet Ruihua
Domestic non
Investment
State-owned 4.17% 21,108,061 0
Development Co.,
Legal person
Ltd.
National Social
Security Fund Other 3.45% 17,500,000 0
portfolio 501
Pingan Dahua Fund
Company－Pingan
Bank－Pingan
Intrust PinganWealth Other 3.39% 17,156,003 0
＊trust fund plan of
Chuangying stage 1
No. 13
Domestic non
CITIC Securities
State-owned 3.39% 17,152,659 0
Co., Ltd.
Legal person
Pingan Dahua Fund
Company－Pingan Other 3.39% 17,152,659 0
Bank－Wang Fang
Huaan Fund
Company－ICBC－
Huarong Intrust
Equity investment Other 3.39% 17,152,658 0
trust fund plan of
Huaan Fund
No.2
Shenzhen Shenchao
State-owned
Technology 3.18% 16,129,032 0
Legal person
Investment Co., Ltd.
ICBC－Nuoan
Securities Other 0.89% 4,500,000 0
Investment Fund
Domestic Nature
Sun Deliang 0.5% 2,511,672 0
person
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
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., RMB Common
182,611,460
Ltd. shares
Tibet Ruihua Investment Development RMB Common
21,108,061
Co., Ltd. shares
National Social Security Fund portfolio RMB Common
17,500,000
501 shares
Pingan Dahua Fund Company－Pingan
Bank－Pingan Intrust PinganWealth＊ RMB Common
17,156,003
trust fund plan of Chuangying stage 1 shares
No. 13
RMB Common
CITIC Securities Co., Ltd. 17,152,659
shares
Pingan Dahua Fund Company－Pingan RMB Common
17,152,659
Bank－Wang Fang shares
Huaan Fund Company－ICBC－
Huarong IntrustEquity investment RMB Common
17,152,658
trust fund plan of Huaan Fund shares
No.2
Shenzhen Shenchao Technology RMB Common
16,129,032
Investment Co., Ltd. shares
ICBC－Nuoan Securities Investment RMB Common
4,500,000
Fund shares
RMB Common
Sun Deliang 2,511,672
shares
Shenzhen Shenchao Technology Investment Co., Ltd. is a wholly-owned subsidiary of
Shenzhen Investment Holdings Co., Ltd. and a person taking concerted action. Except this,
the Company did not whether there is relationship between the top ten shareholders
Explanation on associated relationship
holding non-restricted negotiable shares and between the top ten shareholders holding
among the aforesaid shareholders
non-restricted negotiable shares and the top 10 shareholders or whether they are persons
taking concerted action defined in Regulations on Disclosure of Information about
Shareholding of Shareholders of Listed Companies.
Did any shareholder of the Company carry out an agreed buy-back in the reorting period?
□ Yes √ No
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
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 payment in advance increased by RMB 32.9245 million and 156.55% over beginning of
period mainly due to the increase of export orders by the end of current period.
2. The ending balance of Interest receivable decreased by RMB 4.7686 million and 76.59% over beginning of
period mainly due to interest received from deposits and structured deposits.
3. The ending balance of other receivable decreased by RMB 108.7412 million and 77.52% over beginning of
period mainly due to the transfer balance of 100% equity of Shenzhen Jinlan Decorative Supplies Industrial
Co.,Ltd.
4. The ending balance of other cuurent assets decreased by RMB 100 million and 100% over beginning of period
mainly due to the decrease of structured deposits.
5. The ending balance of short term loan increased by RMB 17.781 million over beginning of period mainly due
to the working capital loan in current period.
6. The ending balance of Advance payment increased by RMB 30.2951 million and 95.65% over beginning of
period mainly due to the advance payment increase from export trade business.
7. Administrative expenses increased by RMB 13.8627 million and 54.26% year on year mainly due to the
increase of R&D expenses for polarizer sheet products for TFT-LCD phase 1 line 4.
8 Financial expenses increased by RMB 2.6671million and 47.14% mainly due to the depreciation of RMB
against the U.S. dollar and Japanese yen, the increase in foreign exchange losses.
9. Impairment loss of assets decreased by RMB 4.3205 million and 165.15% mainly due to the balance of the
equity transfer of Shenzhen Jinlan Decorative Supplies Industrial Co.,Ltd to offset the required bad-debt
provision.
10. Investment Income increased by RMB 7.6037 million and 826.77% mainly due to the increase in investment
income by selling the available-for-sale financial assets.
11. Income tax expenses increased by RMB6.2575 million and 415.77% mainly due to the taxable temporary
differences and increase of taxable income.
12. The other composite income in current period decreased by RMB 19.3823 million and 153.18%year on year
because the Company sold financial assets available for sale and transferred out the gains of the previous period
from other composite income;
13.The net cash flows from operating activities increased by RMB 30.9128 million and 92.13% year on year
mainly due to the increase of purchase of raw materials necessary for polarizers;
14.The net cash flows from investing activities increased by RMB 245.564 million and 447.8% year on year
mainly due to the recovering the balance of the transferred equity of Shenzhen Jinlan Decorative Supplies
Industrial Co.,Ltd and recover of the structured deposits investments.
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
15.The net cash flows from financing activities decreased by RMB 970.9401 million and 98.24% year on year
mainly due to the non-public offering of RMB ordinary shares in the same period of last year, in which the
company obtained the investment fund of RMB 965.3804 million .
II. The progress of significant events and influence, as well as the analysis and explanation on resolving proposal.
(1) Controlling shareholders proposed to transfer some of the company’s equity
During the report period, controlling shareholder Shenzhen Investment Holding Co., Ltd. has proposed to
plan critical issues of the company, and the company shares were suspended since 13:00 p.m of January 28, 2014,
and on March 17, Shenzhen Investment Holding Co.,Ltd has issued the Notice of Public Bidding for Transferee,
in which the proposed transferring equity should be no less than 26% of the total equity and no more than 29% of
the total equity (which is no less than 131,695,681 shares and no more than 146,891,336 shares of the A-Shares) ,
by the end of April 4, TCL Group has submitted the Letter of Intent on this Transferee with related materials, and
currently, the two parties are in the negotiation proceeding.
(2)Subsidiary has signed the Cooperation Framework Agreement
In the report period, the wholly-owned subsidiary company Shenzhen Shengbo OptoelectronicTechnology
Co.,Ltd.and Nitto Denko Corporation has established the cooperation relationship on technology application,
manufacturing and sales, with the expectation to develop the Polaroid business of both enterprises in China
market. Both parties have also signed the related cooperative agreements on technology licensing, technical
support and the manufacturing based on the related technology. The agreements will facilitate the promotion of
quality and manufacturing efficiency of the Polaroid product., and will further influenced the company effectively
on the aspects of technology, manufacturing capacity and market sales, etc.
(3) Change the use of the raised funds
In the report period, the company has changed the original plan of establishing two production lines (#6)
of Polaroid for TFT-LCD with the width of 1490mm, instead, the company will proceed with the Phase II
modification project (#6 Production Line) which integrated with the manufacture of Polaroid for TFT-LCD and
Polaroid for AMOLED, and after the modification, in future, the new project will be able to satisfy the demands
of the panel market development much better, and further promote the competiveness and comprehensive strength
of the company, who will be able to occupy the market with the new products of Polaroid, and finally realize a
benign economic and social benefit.
On March 27, 2014, The Company has submitted the proposal of Subsidiary Signing the Cooperation Framework
Agreement and proposal of Changing the use of the raised funds to the first Extraordinary General Meeting of
Shareholders in 2014 for review while have not been approved.the controlling shareholders have made the
abstention voting towards the above two proposals with the explanation statement as below: “Currently, our
company is planning to transfer some percentage of held equity of your company through the way of public
bidding for Transferee, in which the proposed transferring equity should be no less than 26% of the total equity
and no more than 29% of the total equity, during which, it is not appropriate to review and discuss the major
issues of your company.”
(4)Notice on Completion of Transferring the Held Equity of Shenzhen Jinlan Decorative Supplies
Industrial Co.,Ltd
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
On December 11, 2013, the company signed “The Contract of transferring State-owned Property Rights
in Enterprise” with Shenzhen Herun Jewelry Co., Ltd. The company auctioned 100% equity of Shenzhen Jinlan
Decorative Supplies Industrial Co.,Ltd with the price of RMB 220 milllion transferred to Shenzhen Herun Jewelry
Co., Ltd. On the same of contract signing, the company had received 55% of the transfer section, and has received
the residual payment and interest on March 12, 2014, and on the day when this report has been disclosed it is
finished the related property rights delivery procedures as well as those of the registration alternation in local
Industrial and Commercial Administration.
Description of the website for disclosing
Description of provisional announcement Date of disclosing
provisional announcements
Announcement of SuspensiononMajorIssues,
January 29, 2014
(No.:2014-03)//www.cninfo.com.cn）
Amouncement of Controlling shareholders
Planning to Transfer Some Equity of the
February 28, 2014
Company.(No.: 2014-09)
（http://www.cninfo.com.cn）
Amouncement of Controlling shareholders
Controlling shareholders plans to transfer
Planning to Transfer Some Equity of the
some equity of the company
March 17, 2014 Company and bidding for the
Transferee.(No.:2014-16)/
（http://www.cninfo.com.cn）
Announcement of Controlling shareholders
Planning to Transfer some Equity of the
April 8, 2014
Company.(No.: 2014-30)
（http://www.cninfo.com.cn）
Amouncement of Subsidiary signing the
Subsidiary has signed the Cooperation
February 15, 2014 Cooperation Framework agreement .( No.:
Frameword Agreement
2014-06)（http://www.cninfo.com.cn）
Amouncement of Change the use of the
March 11, 2014 raisedfunds .(No.: 2014-14)
（http://www.cninfo.com.cn）
Change the use of the raised funds Announcement of Resolutions of the first
provisional shareholders’ general
March 28, 2014
meeting .(No.: 2014-21)
（http://www.cninfo.com.cn）
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.
Commitment Time of Period of
Commitment Contents Fulfillment
maker making commitment
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
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 circulation in
the market: i. if they plan to sell the shares
through the securities exchange system in
Shenzhen the future, and the decrease of the shares
Commitment on Investment they hold reaches 5% within 6 months after Continuously
Under Fulfillment
share reform Holdings Co., the first decrease, they will disclose an valid
Ltd. 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.
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
Shenzhen
Commitments same as or similar to those Shenzhen Textile
Investment Continuously
made upon currently or will run in the future, or any Under Fulfillment
Holdings Co., valid
issuance businesses or activities that may constitute
Ltd.
direct or indirect competition with
Shenzhen Textile; if the operations of
Shenzhen Investment Holdings Co., Ltd.
and its wholly owned subsidiaries,
subsidiaries under control or other
companies that have actual control of it
compete with Shenzhen Textile in the same
industry or contradict the interest of the
issuer in the future, Shenzhen Investment
Holdings Co., Ltd. shall urge such
companies to sell the equity, assets or
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
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. 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 control rights
can't be directly and indirectly on behalf of
any person, company or unit to engage in
the same or similar business in any districts
in the future by the 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 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
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
Textile
Refer to the Announcement of Approval of 36 months from
Shenzhen
Application for Private Issue of Shares that the listing day
Investment March 25,
issued by the Board of Directors of of new shares, Under Fulfillment
Holdings Co., 2013
Shenzhen Textile (Holdings) Co., Ltd. i.e., March 26,
Ltd.
（No.:2013-12） 2013
After all the
procedures have
Other objects of
Refer to the Announcement of Approval of 12 months from been finished, the
issue including
Application for Private Issue of Shares that the listing day holding of shares
Tibet Ruihua March 25,
issued by the Board of Directors of of new shares, with limited sales
Investment 2013
Shenzhen Textile (Holdings) Co., Ltd. i.e., March 26, conditions are all
Development
（No.:2013-12） 2013 lifted as tradable
Co., Ltd.
shares in circulation
on April 1, 2014.
Executed timely
Yes
or not?
Detailed person
for failing to
Not applicable
execute and the
next plan
IV．Prediction of Business performance for January- June 2014
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: Loss
Type of date filled for the prediction:Interval figures
Same period of
Year beginning to end of next
the previous Increase or decrease%
report period
year
Estimated amount of
accumulative net -1,800 -- -1,400 -804 Decrease -123.88% -- -74.13%
profit(RMB’0000)
Basic earnings per shares
-0.04 -- -0.03 -0.02 Decrease -100% -- -50%
(Yuan/share)
The company of the expected a loss of about RMB 14 million- RMB 18 million in first h
Notes to forenotice of
alf year, mainly due to the innadequate utilization rate resulted from the decrease of the o
earnings
rders of subsidiary Shengbo Optoelectionic Technology Co.,
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深圳市纺织(集团)股份有限公司 2014 年第一季度报告全文
Ltd. orders, unable to burden the fixed cost and R&D expenses. The concrete data will
be disclosed in the half-year report of the Company of 2014.
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
Shen
11,356,63 25,196,06 8,072,850 assets Legal
Stock 000018 Victor 3,744,594 2.21% 2,840,594 1.68%
8.86 8.78 .38 available shares
Onward A
for sale
Financial
Debt
9,847,598 658,496.4 assets
Stock 000030 Fawer 985,733 0.34% 985,733 0.34% restructur
.31 4 available
ing
for sale
21,204,23 25,854,56 8,072,850
Total 4,730,327 -- 3,826,327 -- -- --
7.17 5.22 .38
Disclosure date for the notice of
March 11, 2014
approval by the Board
Disclosure date for the notice of
approval by shareholders’
Meeting (If any)
Notes to holding of the equity in other listed companies
□ Applicable √ Not applicable
VI. Derivative Investment
N/A
VII. The registration form of acceptance of investigation, communication and interview in the report period for
future reference
N/A
13
